Shadowing Practice: 7 Skills That Will Make You Rich - Learn English Speaking with Video
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Have you ever heard of lack of money is a little bit of a problem?
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You know what, lack of money, it's never, ever, ever a problem.
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What do I mean by that?
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Lack of money is simply a symptom of the problem, but it's not the cause of the problem.
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What the problem really is, is lack of skill.
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Have you ever heard stories of lottery winners who suddenly have a windfall of money coming into their lives, millions and millions of dollars,
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only found themselves a few years later broke, bankrupt, actually sometimes worse off when they were financially.
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Now why is that?
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They have money, but they don't have the skills of the rich.
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I am rich not because of my money, because I started with no money.
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I was in debt.
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I was hundreds of thousands of dollars in debt.
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I am rich because of my skills.
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So today I'm gonna teach you the seven skills that I have mastered.
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The seven skills that I believe you need to understand and master if you want to be rich.
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Now as I go through each skill, I want you to ask yourself the question and comment below and rate yourself from a zero to 10.
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Zero being like absolutely horrible, like you suck.
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And 10 being world class.
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So here we go, skill number one the ability to talk to customers persuasively.
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I call that closing skill.
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Do you know how to close?
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Can you articulate the value of what you do to your potential clients?
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Do you know how to ask powerful questions that compel people to buy?
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Are you comfortable talking to strangers, presenting your ideas, demonstrating your product or service?
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Closing skill, I believe, is one of the most important, If not, the most important skills you need to master if you want to be rich.
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When you're talking to customers, you're closing.
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When you're talking to vendors, try to persuade them to give you better terms.
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Guess what, you are closing.
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When you're talking to your employees, you are closing.
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So that's skill number one.
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The number two skill that would make you rich, and that is the ability to speak to groups.
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I call that public speaking skill.
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You see, do you know the number one fear
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that most people have in life is not snake and it's not even death.
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The number one fear that most people have is public speaking.
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Now, why do so many people, why are they afraid of speaking to groups most of the time
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because they worry about if they're gonna sound stupid
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or how do they look or they are afraid because they might say something wrong.
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All these things, but you look at great leaders, Almost all great leaders, they're all great public speakers, such as Steve Jobs, right,
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such as Tony Robbins, Warren Buffett.
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One of the skills that changed my life is public speaking.
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When I joined Toastmasters years ago, because I wanted to improve my English and also reduce my accent,
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and I was improving myself through public speaking.
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I developed confidence, self-confidence, through public speaking.
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So ask yourself, are you afraid to speak to groups?
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Do you know how to present your ideas to groups?
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Can you communicate with conviction and certainty?
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Can you interact with your audience?
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Maybe you get sweaty palms.
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Maybe you were like me in the beginning, like your face would turn pale, right?
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Your knees would be locked.
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That's okay.
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It is a learnable skill.
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But in order to be rich, public speaking is one of the most valuable skills that you must master.
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The third skill that will make you rich, and that is the ability to communicate with words in print, or what I call persuasion in print.
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I refer that as your copywriting skill.
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Now notice I said copywriting skill.
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Now copywriting, I'm not talking about being all grammatically correct, although it's good to do that.
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But I'm not talking about what you learn in school, the academic writing, I'm talking about communication.
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I'm talking about maybe it's your webpage, your video, I'm talking about your email.
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How do you communicate with the written words?
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Now why is this so important?
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Because in day-to-day communication, the emails you send or the social media posts or the agreement, the contract, your LinkedIn posts or your blog,
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a lot of that is written communication.
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And when you know how to communicate effectively through the written words, it gives you a tremendous amount of leverage.
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Let me give you a perfect example.
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Let's say you create a social media post and you have a decent amount of following.
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That gives you leverage because what you see and what you write, that is seen by hundreds of people, thousands of people.
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In my case, it could be millions of people.
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In fact, copywriting is the very first skill that I developed as young
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Dan Lok, and that's the skill that changed my life,
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that how I went from losing money and not making enough money to earning 10,000 a month in my early 20s. So, copywriting.
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Now, that is not taught in school.
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School taught us writing, but it didn't teach us copywriting.
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So that's skill number three, the ability to communicate with words in print.
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Skill number four, and that is the ability to communicate clearly and effectively with your team.
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I'm talking about your leadership skill.
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You see, in order to be an effective leader, you also must be an effective communicator.
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Do you know what the vision it is for your company?
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And are you communicating that with your team members?
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Do you communicate clearly the vision to your team?
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Do not create a good culture within your organization.
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You see, all that is leadership skill.
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Business is not a solo sport.
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Business, not only is an intellectual sport, but it's also a team sport.
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As an organization, you're only as good as your team.
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It's very, very important to develop that leadership ability to be able to inspire, to motivate, and lead your team.
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Skill number five, and that is the ability to manage and organize your time for maximum results.
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Some people refer that as time management.
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I refer that as priority management.
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Because at the end of the day, we all only have 24 hours a day, seven days a week, and 365 days a year.
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You cannot actually manage time, because we all have the same amount of time.
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However, what you can manage is your priorities what are the important things you got to focus on?
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What are the important things that would move the needle that will help you move closer to your goals?
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The problem is school never taught us how do we manage our priorities, right?
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You're doing your homework, you're taking exams, you're taking care of your family, you're doing a bunch of different things,
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but most people will never take the time to slow down and look at what we do and ask ourselves,
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okay, why am I even doing this at all?
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What is the payoff of these activities?
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We never ask ourselves those profound questions.
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And at the end of the day, priority management really is self-management.
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How do you manage yourself?
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And if every single day you can manage your time efficiently and effectively, and you focus on just a handful of things, right?
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That two or three things that you know if you keep doing that consistently would get you the results that you want.
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So rich people understand, they realize the value of their time.
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And that's why they avoid what I call minimum wage activities.
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If someone can get the job done, costing you less than what your time is worth, we delegate it.
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So that's skill number five.
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Skill number six, and that is the ability to read financial statements.
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I call that financial literacy skill.
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Now this skill is not taught in school.
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In school, how do we measure how well we do?
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Your scorecard, are you getting A, are you getting a B, are you getting a C?
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Well, in the real world, in the business world, we look at your financial statements.
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Your financial statements, they are your scorecard.
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It tells us how well you are doing financially.
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How well are you managing your money?
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Now you may be thinking, well Dan, are you asking me to be an accountant, or take an accounting course,
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or be a bookkeeper, things like that?
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No, but you do need to understand the language of money.
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Financial literacy, that's the language of money how money works, your balance sheet, your income statement, your cash flow statement.
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When you look at the statement, do you just look at numbers and say, oh my God, man, I don't know what's going on,
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or I'm not making enough money this year in this fall, or I'm having a loss this year in business,
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or can you read between the lines?
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What is it telling me?
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What's the story?
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How am I managing my money, right?
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And you need to understand the basics of some of these vocabularies of money.
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Credit score, return on investment, profit and loss, right, capital gain, capital loss, depreciation.
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A lot of these words, that's what you have to understand.
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You cannot improve something you don't measure.
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So financial literacy, and it's extremely, extremely important skill you must master if you want to be rich.
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Skill number seven, and that is the most important skill out of them all, and that is the ability to manage your own mind.
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I call that your mindset skill.
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Frustration, negativity, fear, envy, depression, limiting belief, procrastination.
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How do you manage your emotions?
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How do you manage your mind?
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You see, you could get all the other six skills right, and you can master all other six skills,
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but if you don't have your mindset right, it's not going to work.
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I've said it many times, the book Napoleon Hill wrote, it's called Think and Grow Rich.
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Part of thinking is managing your mind.
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What are you feeding in your mind?
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How many times do you know exactly what you need to do to accomplish your goal,
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to achieve results, but you cannot get yourself to do it because of procrastination?
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Maybe how many times in your life you have opportunities slip through your fingers
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and you cannot get yourself to step up and take action because of self-limiting belief?
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Or what about how many times that you know that other people believe in you, but you don't believe in yourself because of self-limiting belief.
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That's all mindset skill.
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So those are the seven skills that will make you rich.
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If you want to know how it went from a poverty consciousness, a poverty mindset, to a millionaire mindset,
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click the link below or somewhere on this page.
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I'm gonna train you on it.
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Lao Tzu said it best, knowing others is intelligence, but knowing yourself, that's true wisdom.
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Mastering others is strength, but mastering yourself, that's true power.
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Vocabulary and speaking notes for this lesson
This speaking lesson is built on the video “7 Skills That Will Make You Rich”. The speaker keeps coming back to these words: skill, rich, manage, ability, speaking. This video has 132 sentences and 1869 words to shadow. The speech runs for 11:43. The speaker talks at a natural 159 words per minute, close to everyday conversation. 87% of the words are among the 3,000 most common in English, so the vocabulary is easy to follow. 35 of its 132 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 |
|---|---|---|
| skill noun | /skɪl/ | A capacity to do something well; a technique, an ability, usually acquired or learned, as opposed to abilities that are regarded as innate. |
| communicate verb | /kəˈmjuːnɪkeɪt/ | To impart or transmit (information or knowledge) to someone; to make known, to tell. |
| mindset noun | /ˈmaɪn(d)ˌsɛt/ | A way of thinking; an attitude or opinion, especially a habitual one. |
| priority noun | /pɹaɪˈɒɹɪti/ | An item's relative importance. |
| belief noun | /bɪˈliːf/ | Mental acceptance of a claim as true. |
| refer verb | /ɹɪˈfɜː/ | To direct the attention of (someone toward something). |
| literacy noun | /ˈlɪtəɹəsi/ | The ability to read and write. |
| poverty noun | /ˈpɑːvɚti/ | The quality or state of being poor; lack of money |
| financially adverb | In terms of finance or money. | |
| leverage noun | /ˈlɛv.(ə.)ɹɪd͡ʒ/ | A force compounded by means of a lever rotating around a pivot. |
| earn verb | /ɝn/ | To gain (success, reward, recognition) through applied effort or work. |
| finger noun | /ˈfɪŋɡɚ/ | A slender jointed extremity of the human hand, (often) exclusive of the thumb, and the corresponding part, irrespective of including a thumb, in many other… |
| horrible adjective | /ˈhɔɹ.ɪ.bəl/ | Causing horror; terrible; shocking. |
| wage noun | /weɪd͡ʒ/ | An amount of money paid to a worker for a specified quantity of work, usually calculated on an hourly basis and expressed in an amount of money per hour. |
| suck verb | /sʌk/ | To use the mouth and lips to pull in (a liquid, especially milk from the breast). |
Phrasal verbs you will hear
| Word | Meaning |
|---|---|
| go through verb | To travel from one end of something to the other. |
| slow down verb | To decelerate. |
| step up verb | To increase, augment, or advance, especially by one or more steps. |
Sentences worth repeating
Short, complete lines from the video that you can reuse in everyday conversation:
- Do you know how to close?
- Can you communicate with conviction and certainty?
- Can you interact with your audience?
- How do you communicate with the written words?
- Do you communicate clearly, the vision, to your team?
Grammar in this video
The structures the speaker uses most, with the exact words from the video:
| Structure | In the video |
|---|---|
| Passive voice be + past participle — the focus is on what happens, not who does it | would be locked · is written · is seen |
| Present perfect have/has + past participle — a past action that still matters now | Have you ever heard · have mastered · I've said |
Pronunciation to watch
The speaker uses 19 contractions and reduced forms, such as don't, you're, I'm. Say them the short way, as you hear them.
- The “sh” and “zh” sounds: sheet /ʃit/, emotion /ɪˈməʊ.ʃən/, conviction /kənˈvɪkʃən/, consciousness /ˈkɑnʃəsnəs/, accomplish /əˈkɑm.plɪʃ/
- Long words — get the stress right: communicate /kəˈmjuːnɪkeɪt/, priority /pɹaɪˈɒɹɪti/, literacy /ˈlɪtəɹəsi/, intellectual /ˌɪntəˈlɛkt͡ʃʊəl/, consistently /kənˈsɪstəntli/
How to practise with this video
- Listen to the whole video once without speaking and note the words you do not know.
- Start at 0.75× speed, shadow it sentence by sentence, then go back to normal speed once it feels easy.
- Record yourself and compare with the original, paying attention to words like skill, communicate, mindset.
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.