Chapter 7: Reading 1 Page 1: Reading 1 Questions: Before You Read Watch a music video called The Bear by the band Shred Kelly. You can find it on YouTube at: https://wwwyoutube.com/ watch ?v=4aqDUcUVvUE,. 4 5 6 - |||] Question 1 (3 points) | @tisten | | 7 & 9 \\ . . \\ . . | tot] oe What are your impressions of the music anc the video? Write your thoughts in the space below. 10 || 11) 12 13} | 14) 15 16||17)| 18 Ay Chapter 7- Reading 1: A. Check Your Understanding Quiz Information Question 2 (1 point) == 4) Listen | > | What is the main idea of this article? a) There will always be things to pay for, so you cannot avoid debt. b} Alcohol is a huge drain on your finances. c) It's a good idea to have a list of things you want to achieve. d) Many purchases people make are not really necessary. OC) There will always be things to pay for, so you cannot avoid debt. C) Alcohol is a huge drain on your finances. OC) It's a good idea to have a list of things you want to achieve. C) Many purchases people make are not really necessary. The Reading The following article is by Cait Flanders. Cait lives in Squamish, B.C., and writes about per- sonal finance, Read the article, and answer the questions that follow. ' [ve seen this picture floating around the internet that says, \"You weren't born to pay bills and dic\". I can see the point it's trying to make: life is about more than working and paying bills. But, not to burst the picture's bubble, the simple fact is that there will always be bills to pay. You are always going to have to pay for something, like utilities or a phone service. So, while I agree that you weren't born to pay them, you will, in fact, probably akways have to. What you dow t have to do forever is live with debt. You don't have to spend every month calculating how much you can afford to put towards debt repayment, while continuing to use credit, and staying in the never-ending cycle of borrowing money and trying to pay it back. It's not an easy cycle to get out of; I know that firsthand. But it is a cycle that will not only control your finances, it will control your mind and your lifeand our time on this planet is far too short to let debt control your life. READING 1: You Weren't Born To Pay Orr Deet ano DIe 197 I don't mean to sound morbid, but [ve been thinking about life a lot lately specifically, what exactly it is that 1am doing with mine. When I turned 29, I began to have a sort-of panic attack about turning 30, as though the number somehow marked a milestone in which I #est have crossed off a certain list of goals. By the time I turned 30, I realized the numbers didn't matter, nor did the list of goals; all that mattered was that I was doing my best and I was happy with my life. I was, and I still am today. Tecan look back and tell you that I still haven't crossed off most of the items on that imaginary 30 before 30 goal list. I still haven't got a new tattoo (I got all mine before age 22) or taken a painting class or pottery class. I haven't run a half marathon yet (I had an accident six weeks before the first one I'd signed up for) or gone bungee jumping or skydiving. And I haven't driven across Canada or travelled to Europe yet, either. But it's OK. It doesn't matter that I didn't do those things before 30 or any other age. What matters is that ] wake up every morning and think, \" Yes, this is the life I want\". What matters is that every time I reach a crossroads, I choose the route that aligns with my goals and my values. ? ve been working on a project that has required me to take myself back three, five, even ten years, and reflect on who I was and why I did the things I did. It hasn't exactly been a pleasant experience: eye-opening, for sure, but not pleasant. As I worked through those memories, however, I was reminded of how drastically different my life is todayin a good way; no, a great wayand that's because of the decisions | made when I reached certain crossroads. 198 UNIT 7 MONEY 6 The most important one was the day I finally forced myself to decide if I was going to keep drinking or not. I couldn't have achieved any of the things Pve written about on this blog, if I was still drinking. In fact, my guess is this blog wouldn't even exist. [ likely would've deleted the whole thing, in a fit of self-consciousness. (I say a \"fit\" because alcoholics don't have control of their emotions, and I made a lot of hasty decisions when I was still drinking.) There is no doubt that sobriety is part of the life I want. The second most important crossroads [ve reached appeared on the day I decided I wasn't going to keep using credit to float my lifestyle. You might think I got there on the day I realized I was maxed out, so 1 fad to stop using credit. But that's not true. I reached that crossroads about six months later, when some of my debt was paid off and I finally had some available credit. I chose not to use it then, and I choose not to use it now. Being debt-free is part of the life I want. We reach crossroads every single day of our livesmany of them, in fact. When you wake up in the morning, you choose to be happy or grumpy. When you walk into the kitchen, you choose if you're going to eat something healthy or indulge in something your body probably doesn't need. When you're invited to hang out with friends, you choose if you're going to go or stay at home. When you go home for the day, you choose how you're going to spend your time. And when you think about buying something, you reach two crossroads. The first asks if you're going to buy it or not; the answer to that probably lies in a mini crossroads of whether it's a need or want. The second asks if you have the money or if you're willing to go into debt for it. a Every time you go into debt to buy something, you are making a choice. You are choosing to give up some amount of your next paycheque, your time by having to work more hours to pay it off, and your mental capacity which stores the stress and anxicty we carry when we owe money. You are also choosing to take on the physical reactions that come with carrying that stress and anxiety around. If you've ever Do you really need to ge shopping? been in debt, or are currently in debt, I think you know exactly what Pm talking about. READING 1 QUESTIONS 199 a Fortunately, there is another way to live. When you reach that crossroads and decide you want to buy something, you can choose to wait until you have the money for it. You can also choose not to buy it at allespecially if it doesn't align with your goals and values. But if you decide to get it, you can choose to wait. You can choose to pay with cash. You can choose to take the route that comes with the least amount of stress and anxiety. You can choose to not owe anyone money. a You weren't born to pay off debt and dic. You don't have to spend every month calculating how much you can afford to put towards debt repayment, while continuing to use credit, and staying in the never-ending cycle of borrowing money and trying to pay it back. It's not an easy cycle to get out of; I know that firsthand. But it is a cycle that will not only control your finances, it will control your mind and your lifeand our time on this planet is far too short to let debt control your life. By Catt Flanders. Used with permission. SOURCE: https://caitflanders.com/2016/02/10/you-werent-born-to-pay-off-debt-and-die/ Chapter 7: Reading 1 Page 1: fells Chapter 7- Reading 1: A. Check Your Understanding Question 2 (1 point) 4 )} > }) 6 (= 4) Listen | > | What is the main idea of this article? 7 8 ? a) There will always be things to pay for, so you cannot avoid debt. b) Alcohol is a huge drain on your finances. 10 | | 11] | 12 c) It's a good idea to have a list of things you want to achieve. LTT d) Many purchases people make are not really necessary. 13) )414// 15 awe ff reife OC There will always be things to pay for, so you cannot avoid debt. 161/471! 18 O Alcohol is a huge drain on your finances. awe ff reife OC It's a good idea to have a list of things you want to achieve. 19 \\\\ 201! 24 O Many purchases people make are not really necessary. Question 3 (1 point) 22 [BE] dtisten | > | What does Cait mean when she says, "our time on this planet is far too short to let Quiz Information debt control your life"? Paraphrase her statement. Chapter 7: Reading 1 Page 1: Question 4 (2 points) alf2)f3 = 4) Listen | > | What did Cait want to accomplish before she turned 30? Did she accomplish everything on her list? yy 13) | 14) | 15 16 || 17 || 18 19 20 21 --|/-. || Question 5 (1 point) =| Listen | > | 22 == Whatis the connection between Cait's alcohol use and her attitude toward money? Quiz Information yy Question 6 (3 points) =| 4) Listen | > | What are the mental and physical effects of going into debt to buy something? Give three. Chapter 7: Reading 1 Page 1: Question 7 (1 point) Listen 1 2 3 -- If you really want to buy something, what does Cait suggest you do? 6 1 00 11 12 13 14 15 16 17 18 19 21 Chapter 7- Reading 1: B. Develop Your Vocabulary 20 -- -- Look at the words and expressions below. Find them in the reading, and write a 22 definition of each one. Do not use a dictionary. -- Question 8 (5 points) Quiz Information Listen Look at the words and expressions below. Find them in the reading, and write a definition of each one. Do not use a dictionary: 1. morbid (para. 3) 2. align (para. 5) 3. sobriety (para. 6) 4. indulge (para. 8) 5. mental capacity (para. 10) A/Chapter 7: Reading 1 Page 1: 1 2 3 4 3 6 7 8 9 10 11 12 13 14 15 16 1? 18 19 || 20) | 21 22 Quiz Information Chapter 7- Reading 1: C. Think About ItThink about the following questions. Write your thoughts, or discuss your ideas with your class. Think about the following questions. Write your thoughts, or discuss your ideas with your class. Question ? (2 points) =| dd Listen | > | Can you make any connections between Cait's experiences and your own life? Does anything she says remind you of yourself, or of anyone you know? Y Question 10 (2 points) =) tisten | > | Have you ever made a list of things you wanted to do before a certain age? If so, what happened? Chapter 7: Reading 1 Page 1: 1 3 3 Question 11 (3 points) 7 \"+ = | fh Listen | > | 4 5 6 Have you ever been at a crossroads in your life? How did you decide which route w= || --] | to follow? Do you think you made the right choice? 7 & 9 10 || 41) | 12 13) |) 14) / 15 Ay 16 || 17 || 18 19 || 20) | 21 Question 12 (1 point) 22 | dtisten | > | Cait is part of a growing trend towards having fewer possessions and a simpler Quiz Inforrnation lifestyle. Why do you think many Canadians are deciding to live this way? Chapter 7: Reading 1 Page 1: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 1? 18 19) 20) | 21 22 Quiz Information Chapter 7- Reading 1: You Try It! Go back to Reading 1: You Weren't Born to Pay off Bebt and Die. Which of the fol- lowing pieces of information can you infer about the author, Cait Flanders? Hint: You can infer five of the following statements. The other five cannot be inferred {they are either wrong, or we don't have enough information). Question 13 (1 point) Ewen [> | has been in debt. () True (_) False Question 14 (1 point) =| Listen | > | 1S disappointed that she has not gone bungee jumping. (.) True (_) False Question 15 (1 point) S| dtisten | > | Was addicted to drinking beer. (.) True ' ( ) False Question 16 (1 point) Se (Listen | | 15 satisfied with very few possessions. () True () False Chapter 7: Reading 1 Page 1: Question 17 (1 point) > Listen 1 2 ...enjoys tattoos. 4 6 O True O False 8 9 Question 18 (1 point) 10 11 12 Listen ...has studied financial planning at college. 13 14 15 -- True O False 17 18 Question 19 (1 point) 19 20 21 E Listen ..is now a wealthy person. 22 True False Quiz Information Question 20 (1 point) Listen ...enjoys spending her free time in the mall. O True False Question 21 (1 point) Listen ...thinks rich people are happier than poor people. O True O FalseQuestion 22 (1 point) Listen ..is a thoughtful person. True O False Submit Quiz 0 of 22 questions saved