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Ten Steps to Retire a Millionaire
Ten Steps to Retire a Millionaire
Look at the picture
Read the questions
Think about the topic
Pre-Reading Questions
Is becoming wealthly a worthwhile goal? Why or why not?Would you like to become rich some day?
How do you think money affects people’s lives?
What do you think it takes to become a millionaire?
Discuss your ideas with your partner, then read the article below.
Read and Pronounce
Read the following to your tutor. He / She will listen and correct your pronunciation.
“Having a million-dollar portfolio is a retirement dream for many people. Making that dream come true requires some serious effort. While success is never a sure thing, the 10 steps outlined below will go a long way toward helping you achieve your objective.”
Click here to read full article. Source: Investopedia
Read the text aloud to your tutor. Your tutor will listen and provide you with feedback.
Talking Points
What are the ten tips the author offers for becoming a millionaire?
Do you agree with her suggestions?
Have you tried them?
Do you have a savings plan for retirement?
If so, what is it? What are some of the best ways of investing for the future? Which methods of investment do you think are the safest for these economic times?
Which types of investments should people avoid, in your opinion?
What would be your suggestions for retiring a millionaire?
Talk with your tutor about this topic. Use the expressions and vocabulary you learned.
Use the related resources below to learn more.
Vocabulary Practice
wealth(y)
portfolio
mogul
extraordinary
paycheck
liability
contribution
stash
asset
allocation
equity(-ies)
entail(s)
security(-es)
mitigate
setback
chunk
lifestyle
compound(ing)
enroll
cliche
guarantee(d)
statistic(ally)
maximize
minimize
risk
fund(ed)
eligible
taxable
dream come true
sure thing
fixed-income
tax-deferred
get-rich-quick scheme
road to riches
your odds
on autopilot
return on investment
get the job done
two-income family
on track