Shadowing Practice: 07.b Wealth Steps MS - Effortless Business English - Learn English Speaking with Video
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Welcome to the mini story for Wealth Steps.
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Again, in this one, I'm just going to ask questions directly from the article.
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In the beginning, Robert Kiyosaki talks about a study.
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There was a study done several years ago.
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in rich and poor countries all around the world, studying rich and poor people.
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The study wanted to find out how people born into poverty eventually become wealthy.
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did they study only rich people
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no no they didn't study only rich people they studied people who were born into poverty
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They studied people who started poor,
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who began their life poor and then later became rich.
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Did they study people born into poverty or did they study people born into wealth?
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well they studied people born into poverty they studied people who were poor as children who did they study
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people born into poverty they studied people born into poverty they studied people who were poor and then became rich.
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Did they study people who were rich and then became poor?
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No, they didn't.
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They didn't study people who were rich who then became poor.
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They studied people who were poor who became rich.
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They studied people born into poverty who later became wealthy,
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who later became rich.
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And the study found that these people, these people who were born into poverty and became rich,
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they possessed three qualities.
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Did they possess three dollars?
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No, no, no, no. They didn't possess three dollars.
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They possessed three qualities.
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Three traits.
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Three characteristics.
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Same meaning, all of those words.
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They possessed three qualities.
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Did they have three qualities?
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Yes, they had three qualities.
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They possessed three qualities.
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Possessed means had.
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Who had these three qualities?
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Ah, well, people born into poverty who became rich.
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People born into poverty who became wealthy,
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rich, possessed three similar qualities.
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These qualities were, number one, they maintained a long -term vision.
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Who maintained a long -term vision?
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well people born into poverty who later became rich maintained a long -term vision
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did they have a future goal a future dream yes they all had a future dream when they were poor
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They had a dream.
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They had a vision.
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They had a goal to be wealthy.
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So did they have a long -term vision or a short -term vision?
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They had a long -term vision.
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It means far in the future.
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They had a far future vision.
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Did they have a vision?
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Yes, they did.
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They had a vision.
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What was their vision?
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their vision was to be wealthy
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they had a dream to be wealthy in the future in the far future
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they maintained they kept a long -term vision a long -term dream who kept a long -term vision
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Well, people born into poverty who later became rich.
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They had another quality, quality number two.
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They believed in delayed gratification. Did they want pleasure?
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Did they want total happiness now?
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no they did not want gratification now they believed in delayed gratification they believed in waiting for pleasure
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did they believe in delayed gratification or did they believe in instant gratification
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Instant meaning sudden, fast, now.
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Well, delayed, right?
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They believed in delayed gratification.
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They believed in waiting for pleasure.
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Who believed in delayed gratification, delayed pleasure?
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People born into poverty who became rich.
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People born into poverty who later became rich believed in delayed gratification.
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They believed in waiting to feel pleasure.
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Waiting to spend money.
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Delayed pleasure.
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Quality number three.
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They used the power of compounding in their favor.
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In their favor means for themselves, to help themselves.
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They use the power of what?
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Compounding, right?
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Adding, multiplying, increasing more and more.
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They use the power of compounding to help themselves.
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Who used the power of compounding?
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People born into poverty who later became rich.
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People born into poverty who later became rich used the power of compounding, used the power of increasing money,
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increasing money, multiplying money more and a little more and a little more and a little more.
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So, did they use the power of compounding?
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Yes, they used the power of compounding.
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Why did they use the power of compounding?
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Well, to get rich.
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They used the power of compounding to get rich.
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They used the power of making a little more and a little more and a little more to get rich.
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They used the power of compounding.
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And they had a big dream.
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And they were willing to make short -term sacrifices to gain long -term success.
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Did they make sacrifices?
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Yes, they made sacrifices.
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They did painful things now to succeed in the future.
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They did difficult things now to succeed in the future, to be better in the future.
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They made short -term sacrifices.
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Did they make long -term sacrifices or short -term sacrifices?
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Well, they made short -term sacrifices.
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Why did they make short -term sacrifices?
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Well, they made short -term sacrifices to get better in the future.
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They made short -term sacrifices to gain long -term success.
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Who made short -term sacrifices?
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Again, people born into poverty who later became rich.
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People born into poverty who later became rich made short -term sacrifices to gain,
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to get long -term success.
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They invested money, even small amounts.
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They multiplied their money by the power of compounding interest, compounding percentage.
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Did they make interest from their money?
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Yes, they made an extra percent every month from their money.
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They made interest from their money. Did the interest increase?
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Yes, yes.
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They made compounding interest.
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So they made a little more money each month.
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A little more, a little more, a little more, a little more.
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Compounding interest. Who made compounding interest?
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That's right.
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People born into poverty who eventually became wealthy. So now you.
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What are your dreams?
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What is your glorious vision?
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Do you have a wonderful vision?
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Do you have a glorious goal?
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Do you have a glorious dream for the future?
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Do you have a wonderful dream?
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what kind of vision do you have glorious or boring
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hopefully glorious is your vision glorious is your vision wonderful incredible is your vision boring or is your vision glorious
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hopefully glorious.
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What kind of life do you really want? Be specific.
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Write it down.
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Should you be general or should you be specific?
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You should be specific.
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Should you be detailed, writing every detail?
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Yes, you should.
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you should write every detail you should be specific
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you should be exact be specific about your dreams
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then every day review your dreams remember your dreams remind yourself again
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and again don't let your dreams fade should your dreams get smaller and weaker
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No, no, they shouldn't fade.
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Your dreams should not fade.
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Your dreams should grow. Should your dreams fade?
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Or should your dreams grow and get stronger?
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Oh, they should grow and get stronger.
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Your dreams should not fade.
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They should not get weaker and weaker.
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They should get stronger and stronger.
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What should not fade?
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Your big dreams.
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Your big dreams should not fade.
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Your big dreams should not get smaller and weaker.
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Slowly.
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Don't let them die.
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Keep your vision alive.
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Keep your dreams alive.
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Remember to use compounding interest.
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invest every month.
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Perhaps you will make 1 % interest.
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Perhaps you will make 5 % interest.
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Perhaps you will make 10 % interest.
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Perhaps you will make 20 % or 30 % interest.
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But you need to get a good return on investment.
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Do you need a good return on investment or do you need a bad return on investment?
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You need a good return on investment.
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You need a good what?
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you need a good return on investment.
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Do you need to make more money than you invest?
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Yes.
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You need to make more money than you invest.
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You need to have a good return on investment.
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If you invest $1 and make $10 more, is that a good return on investment?
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Oh, yes, it's a very good, it's excellent.
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It's an excellent return on investment.
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So you want a good return on investment.
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You want to make much more money than you spend, much more money than you invest.
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You can focus your investing in many ways.
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You can invest in many ways.
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You can create a successful small business.
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You can buy stocks.
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And you can buy real estate.
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Can you buy land as an investment?
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Yes, you can buy real estate as an investment.
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Can you buy buildings as an investment?
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Yes, you can buy buildings as an investment.
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You can buy real estate as an investment.
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What are buildings and land called in business?
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Real estate.
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Buildings and land are called real estate in business.
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Can you invest in real estate?
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yes you can invest in real estate you can buy land and buildings
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and sell them later for more money you can invest in real estate
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okay that is the end of the mini story listen to it every day for seven days ten days maybe two weeks.
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See you next time.
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Bye -bye.
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Vocabulary and speaking notes for this lesson
This speaking lesson is built on the video “07.b Wealth Steps MS - Effortless Business English”. The speaker keeps coming back to these words: rich, dream, vision, term, born. This video has 190 sentences and 1497 words to shadow. The speech runs for 18:09. The speaker talks slowly, about 82 words per minute, so there is time to copy every sound. 86% of the words are among the 3,000 most common in English; the rest is worth studying before you start. 45 of its 190 sentences are questions, so it is good practice for question intonation and short answers.
Key vocabulary in this video
15 words from the video worth learning, with pronunciation and meaning:
| Word | Pronunciation | Meaning |
|---|---|---|
| poverty noun | /ˈpɑːvɚti/ | The quality or state of being poor; lack of money |
| compound noun | /ˈkɑmpaʊnd/ | Anything made by combining several things. |
| sacrifice noun | /ˈsæk.ɹɪ.faɪs/ | Originally, the killing (and often burning) of a human being or an animal as an offering to a deity; later, also the offering of an object to a deity. |
| invest verb | /ɪnˈvɛst/ | To spend money, time, or energy on something, especially for some benefit or purpose; used with in. |
| delay noun | /dɪˈleɪ̯/ | A period of time before an event occurs; the act of delaying; procrastination; lingering inactivity. |
| glorious adjective | /ˈɡlɔː.ɹi.əs/ | Exhibiting attributes, qualities, or acts that are worthy of or receive glory. |
| possess verb | /pəˈzɛs/ | To have (something) as, or as if as, an owner; to have, to own. |
| wealthy adjective | /ˈwɛl.θi/ | Possessing financial wealth; rich. |
| fade verb | /feɪd/ | To hit the ball with the shot called a fade. |
| weaker adjective | /ˈwikɚ/ | Said of one proposition with respect to another one: that the latter entails the former, but the former does not entail the latter. |
| mini adjective | /ˈmɪn.i/ | Miniature, tiny, small. |
| instant noun | /ˈɪnstənt/ | A very short period of time; a moment. |
| succeed verb | /səkˈsiːd/ | To follow something in sequence or time. |
| bore verb | /boɹ/ | To inspire boredom in somebody. |
| percentage noun | /pə(ɹ)ˈsɛntɪd͡ʒ/ | The amount, number or rate of something, regarded as part of a total of 100; a part of a whole. |
Phrasal verbs you will hear
| Word | Meaning |
|---|---|
| find out verb | To discover, as by asking or investigating. |
Sentences worth repeating
Short, complete lines from the video that you can reuse in everyday conversation:
- What is your glorious vision?
- Do you have a wonderful vision?
- Do you have a glorious goal?
- Do you have a glorious dream for the future?
- Do you have a wonderful dream?
Grammar in this video
The structures the speaker uses most, with the exact words from the video:
| Structure | In the video |
|---|---|
| Relative clauses who / which + clause — extra information about a person or thing | people who were · people who started |
| Passive voice be + past participle — the focus is on what happens, not who does it | were born · are called |
| Advice with “should” should + verb — saying what is a good idea | Should you be · should be · should write |
| Comparatives -er than / more … than — comparing two things | more money than |
Pronunciation to watch
The speaker uses 8 contractions and reduced forms, such as didn't, don't, I'm. Say them the short way, as you hear them.
- Long words — get the stress right: characteristic /ˌkæɹ(ə)ktəˈɹɪstɪk/, gratification /ˌɡɹætɪfɪˈkeɪʃən/
How to practise with this video
- Listen to the whole video once without speaking and note the words you do not know.
- Shadow it sentence by sentence at normal speed, repeating each one until your rhythm matches the speaker.
- Record yourself and compare with the original, paying attention to words like poverty, compound, sacrifice.
What is the Shadowing Technique?
Shadowing is a science-backed language learning technique originally developed for professional interpreter training and popularized by polyglot Dr. Alexander Arguelles. The method is simple but powerful: you listen to native English audio and immediately repeat it out loud — like a shadow following the speaker with just a 1–2 second delay. Unlike passive listening or grammar drills, shadowing forces your brain and mouth muscles to simultaneously process and reproduce real speech patterns. Research shows it significantly improves pronunciation accuracy, intonation, rhythm, connected speech, listening comprehension, and speaking fluency — making it one of the most effective methods for IELTS Speaking preparation and real-world English communication.