- How to be rich
- Wealth definition and its pros and cons
- Beauty and modesty
Well-Heeled
Lead-in
- How can you define the word “wealth”?
- Do you think it’s fair that so much of the world’s wealth is in the hands of so few people? What do you think can be done about it?
Presentation
Pre
- Does wealth make people happy? Why or why not?
Top Down
- What is the text about? Read it and find out.
- How to be rich
- Wealth definition and its pros and cons
- Beauty and modesty
Wealth can be defined as an abundance of valuable resources or possessions, which include money, property, and other assets. It is often associated with financial success and is a measure of a person’s net worth.
While wealth can bring financial security and provide access to resources and opportunities, it does not guarantee happiness or contentment. People who pursue wealth may become consumed with accumulating more, leading to a cycle of never-ending desire for material possessions.
Furthermore, wealth can create social inequality and perpetuate systemic injustice. It can result in unequal distribution of resources and opportunities, leading to a widening wealth gap between the rich and the poor.
On the other hand, wealth can also be used for good. Many wealthy individuals and organizations use their resources to support social causes, such as funding research and development, providing education and healthcare, and promoting environmental sustainability.
Ultimately, wealth is a complex concept that can have both positive and negative effects on society. It is important to acknowledge the potential benefits and drawbacks of wealth and strive for responsible and ethical use of resources to promote greater social and economic equity.
Bottom Up
- True or False
Example: Wealth is defined as an abundance of valuable resources or possessions, which include money, property, and other assets. > True
- Many wealthy individuals and organizations use their resources to support social causes.
- Wealth has only negative effects on society.
- It is important to acknowledge the potential benefits and drawbacks of wealth.
- We should strive for irresponsible and unethical use of resources.
- We should promote greater social and economic equity in the use of resources.
- Many wealthy individuals and organizations use their resources to support social causes. True
- Wealth has only negative effects on society. False
- It is important to acknowledge the potential benefits and drawbacks of wealth. True
- We should strive for irresponsible and unethical use of resources. False
- We should promote greater social and economic equity in the use of resources. True
Post
- Do you agree with the text? Why or why not?
- What are some other pros and cons of wealth?
- Are the following items positive or negative consequences of being wealthy?
Target Language
Money-related verbs & adjectives
Verbs
- Earn
- Make
- Inherit
- Find
- Borrow / Lend
- Spend
- Waste
- Invest
Adjectives
- Rich
- Loaded
- Poor
- Broke
- Generous
- Careful
- Careless
- Stingy
Controlled Practice
Match the following meanings with the corresponding word.
-
To receive money or payment for work done.
-
Reluctant to give or spend money or resources; mean.
-
To create or produce something.
-
To receive money, property, or a title as an heir.
-
To use up money or resources to buy goods or services.
-
To use something carelessly or extravagantly, resulting in its depletion.
-
Having a lot of money or resources.
-
Having little or no money.
( ) Broke
( ) Make
( ) Spend
( ) Waste
( ) Earn
( ) Stingy
( ) Loaded
( ) Inherit
-
To receive money or payment for work done.
-
Reluctant to give or spend money or resources; mean.
-
To create or produce something.
-
To receive money, property, or a title as an heir.
-
To use up money or resources to buy goods or services.
-
To use something carelessly or extravagantly, resulting in its depletion.
-
Having a lot of money or resources.
-
Having little or no money.
(8) Broke
(3) Make
(5) Spend
(6) Waste
(1) Earn
(2) Stingy
(7) Loaded
(4) Inherit
Freer Practice
- Use the target language and complete the sentences according to your own ideas.
- In order to get wealthy I need to…
- If I make a lot of money I…
- I believe nothing is more important than… but…
- If I had one wish I…
- Money is…
- Wasting money is…
- I don’t think loaded people should…
Production
- Write a paragraph describing 4 famous people. Use the words from the Target Language.
Example: Neymar was broke before he started to play soccer. Now he earned a lot of money and is loaded but…
Homework
Match the following words with their definitions:
-
Rich
-
Poor
-
Broke
-
Generous
-
Careful
-
Careless
-
Stingy
-
Earn
-
Make
( ) Having a lot of money and possessions
( ) Not taking necessary precautions; reckless
( ) Lacking sufficient money or material possessions
( ) Lacking money or resources.
( ) Taking precautions to avoid danger or mistakes
( ) Receive money or compensation for work or services
( ) Create or produce something
( ) Willing to give or share; unselfish
( ) Unwilling to give or spend money or resources; miserly
-
Rich
-
Poor
-
Broke
-
Generous
-
Careful
-
Careless
-
Stingy
-
Earn
-
Make
(1) Having a lot of money and possessions
(6) Not taking necessary precautions; reckless
(2) Lacking sufficient money or material possessions
(3) Lacking money or resources.
(5) Taking precautions to avoid danger or mistakes
(8) Receive money or compensation for work or services
(9) Create or produce something
(4) Willing to give or share; unselfish
(7) Unwilling to give or spend money or resources; miserly
Complete the following sentences using the correct form of the given words:
rich – earn – generous – make – broke – careful
- In order to ________ more money, I work overtime.
- She ________ a lot of money selling her artwork.
- He was born into a ________ family and has never experienced financial hardship.
- After losing his job, he was completely ________ and had to sell his car to make ends meet.
- She is known for her ________ spirit and often donates money to charity.
- He is very ________ with his money and always makes a budget before spending.
- In order to earn more money, I work overtime.
- She made a lot of money selling her artwork.
- He was born into a rich family and has never experienced financial hardship.
- After losing his job, he was completely broke and had to sell his car to make ends meet.
- She is known for her generous spirit and often donates money to charity.
- He is very careful with his money and always makes a budget before spending.
Complete the following sentences using one of the given words:
spent – careful – inherited – borrowed – careful – poor – stingy
- She ___________ a fortune from her rich uncle.
- He was ___________ with his money and never splurged on anything.
- After the stock market crashed, many people became ___________ overnight.
- She ___________ a pencil from her classmate and forgot to return it.
- He ___________ his entire savings on a luxury vacation.
- She was ___________ with her time and never wasted a minute.
- He was ___________ when it came to lending money to friends.
- She inherited a fortune from her rich uncle.
- He was careful with his money and never splurged on anything.
- After the stock market crashed, many people became poor overnight.
- She borrowed a pencil from her classmate and forgot to return it.
- He spent his entire savings on a luxury vacation.
- She was careful with her time and never wasted a minute.
- He was stingy when it came to lending money to friends.
Put the words in the correct order
Example: on / inflation / conditions, /money / based / interest / as / rates. / such / The / can / fluctuate / economic / and / value / of > The value of money can fluctuate based on economic conditions, such as inflation and interest rates.
- Money / of / and / services. / used / is / exchange / is / medium / purchase / goods / a / that / universal / to
- long-term / for goals. / financial / Saving / money / building / is / and / important / security / achieving
- Managing / creating / budget / avoid / expenses / and / effectively / a / involves / tracking / overspending. / money / to
- can / Making / protect / time. / grow / decisions / money / help / over / wise / and / your / investment
- Money / manage / stress / it / for / a / can / source / improve / well-being. / and / be / many / people, / overall / of / learning / can / to
- Money is a universal medium of exchange that is used to purchase goods and services.
- Saving money is important for building financial security and achieving long-term goals.
- Managing money effectively involves creating a budget and tracking expenses to avoid overspending.
- Making wise investment decisions can help grow and protect your money over time.
- Money can be a source of stress for many people, and learning to manage it can improve overall well-being.
True or False.
- Being rich means you always have a lot of money.
- Someone who is loaded is usually careless with their money.
- Being poor means you don’t have any material possessions.
- If someone is broke, they have a lot of money saved up.
- Being rich means you always have a lot of money. True
- Someone who is loaded is usually careless with their money. False
- Being poor means you don’t have any material possessions. False
- If someone is broke, they have a lot of money saved up. False
Writing
Write a paragraph about your idea of a good economic condition.
Example: In my opinion, in order to have a comfortable life we need…