Shadowing Practice: Once You Get Money, Buy These 10 Things Immediately - Learn English Speaking with Video

Choose a practice mode

Each mode opens a full-screen practice room.

323 sentences
If sentences are too short or too long, click Edit to adjust them.
1
The hard part isn't always making money.
2
It's knowing what to do with it and how to keep it.
3
Most financial advice tells you what not to buy and what assets to invest in.
4
I am going to do that in this video, but I'm also going to tell you the 10 things that you should actually upgrade today.
5
Because if you make more money, you should be able to enjoy it.
6
And also sometimes spending it makes you even more.
7
And number three is the one almost nobody spends on, but I will never go back.
8
But there is one thing we need to get straight first.
9
Before you buy anything that feels like a lifestyle upgrade, ask one question.
10
Does this buy back my life or does it try to make me look richer without a reason?
11
To answer that, you need what I call your buyback rate.
12
If I can actually pay someone less than half of what my hour is worth to take a task off my plate, I usually should.
13
Here's why.
14
If you take your net income and you divide it by the total number of hours worked, there are about 2,000 or so working hours in a year, which will give you your hourly income.
15
Now I want you to take that and divide it by two.
16
That's how you get your 50% margin.
17
Any task you can give to somebody else, under that number is a let's go.
18
So let's say you make $100,000.
19
If we have 100K, what are we gonna do?
20
Your hourly rate is about 50 bucks, which means if we cut it in half, your buyback rate is $25.
21
So if you can pay somebody anything less, 10 bucks an hour, then you really should do that.
22
So this is the first thing you should upgrade.
23
Spend more on the things that make you more money.
24
A lot of people say upgrade your wardrobe, get fancier.
25
I actually don't buy into all of that at all.
26
I think you need one expensive as shit thing to wear consistently.
27
Why?
28
You're signaling rich, especially if you do things like sell real estate
29
or try to get people to invest in your company
30
or even try to show your boss that you want to get promoted.
31
I like having one super nice purse that I wear with every outfit.
32
This one's called Chia Pirelli.
33
It's an expensive brand.
34
But the moral of the story is you don't need a ton of these.
35
You need one.
36
If you're a dude, you need one nice watch.
37
It could be fake.
38
Nobody needs to know.
39
Not only that, if we have the rule of one, which is spend money on one nice thing because it'll actually make you more money,
40
I think the next thing you got to do is the rule of three right now.
41
get rid of three things in your closet that don't fit anymore
42
and are kind of gnarly and replace them
43
that way you're pulling in the wealthy things
44
and getting rid of the things
45
that actually keep you looking like you don't belong at this
46
level of the game i like doing this on a weekly basis
47
if i'm going to bring anything new i usually get rid
48
of something else i think there's just like human psychology to
49
that winning next i want to talk to you about why
50
i made a million dollars before i I was 30 and one of my smarter, better co-workers didn't.
51
It's actually one word and the word is proximity.
52
If you want to get rich fast, you actually want to pay to have time back in your day because you are not commuting far.
53
Why?
54
When I was at Goldman Sachs back in the day, I had to be in the office at 7 30 every single day.
55
I had a two minute walk from my office to Goldman Sachs.
56
My best colleague, smarter than me, better than me, better pedigreed, better at cell well he had to be in the office at 7 30 as well
57
but he hadn't saved as much money as i had
58
so he had to be 45 minutes from the office he
59
missed every single morning where i got there before him he missed all the times
60
that he left
61
and couldn't come back where i could proximity will make you
62
more money in this case it might be actually the better gym where the classes are full of people
63
that you might actually meet somebody who wants to invest in
64
your business wants to hire you whatever my friend sahil bloom
65
became very close with the former head of apple for
66
that exact reason i also think joining a co-working space instead
67
of your kitchen table it costs you money not to be
68
in the room with other winners i think i joined three
69
or four masterminds before i made all my cash
70
because you're paying for who else paid to be in the exact same room
71
and stealing their 10 000 hours this isn't just me a harvard economist studied millions of people
72
and he basically mapped billions of friendships using Facebook data.
73
You know what's crazy?
74
If you think about it like this, the single strongest predictor of whether someone climbs out of their economic bracket wasn't their school, their neighborhood, or their income.
75
In fact, if you thought about the clusters of what happened, it was actually, who did they know?
76
They had a lot of money.
77
It was whether their social circle actually touched people, not just at their same socioeconomic level, but did they climb a rung and another rung and another rung.
78
What's the translation here?
79
Your network is a measurable input to your income.
80
You know that saying, like your network is your net worth.
81
It turns out that the data actually shows this is true.
82
It's a lot easier to change your environment than it is to change your habits, so I would start here.
83
Actually, I have something for you.
84
Knowing how valuable proximity can be, I'm gonna do something I've never done before.
85
I'm putting together one of the largest events ever for owners on September 18th.
86
It's completely free.
87
I'm giving away millions of dollars of prizes and you get to be online with owners looking to scale their businesses live.
88
You can sign up here in the description.
89
Like I said, completely free.
90
I'm going to teach you everything I know about building profitable businesses.
91
This is how you change your life.
92
Research shows that how you take care of yourself and your presentation actually makes you more money.
93
People who are rated as attractive actually earned, this shocked me, 20% more on average.
94
So the way you look matters.
95
I think like, don't hate the player, don't hate the game.
96
Ridiculously expensive beauty things I do that are actually worth it.
97
I'll start high, then we'll go low.
98
First, like this is for chicks, but you can get it for your girl.
99
PRP, this is like where they microneedle your own blood or now they actually microneedle crazy things in your face like salmon,
100
semen and other stuff.
101
So I think that's probably like 5k depending on what level if you do peptides inside of it.
102
Next something called Halo.
103
That's like 3 to 5k super intense lasers that laser your face but genuinely make you look five years younger.
104
Then stuff like Sculptra.
105
This basically pulls back your face kind of like fill in collagen.
106
I'm not a doctor.
107
I don't know.
108
I'm just telling you the stuff I do to try to not look 40.
109
Sculptra is going to run you a couple k
110
and then like a facial
111
which is basically on the cheaper side that's going to be a couple hundred
112
but maybe the really inexpensive things that i do you can get these red lights
113
that are amazing for your face this one's literally sits on my desk every day i also have one
114
that i lay down with
115
because most of what actually works isn't expensive at all like i use the red lights i highly recommend
116
that i use a lot of organic products like osea i really like their stuff
117
and all their oils pretty much across the board as much
118
organic makeup as you can now for dudes you can actually these days do all these same things
119
that chicks do
120
and i think it's actually an underrated hack for men to
121
look hotter don't look weird though don't do like shiny don't
122
do fillers don't get crazy unless you're going for the rupaul look
123
and then you know good for you most people at this point say
124
that you should have a financial advisor i actually say no i think you should have a tax advisor
125
so once you've made in In my opinion, at least a couple hundred K a year, you're probably overpaying in taxes.
126
And especially if you're an employee, you need to figure out a way for the IRS to take less from you legally, because nobody looks good in orange.
127
What's the difference between a tax advisor and a financial advisor?
128
A financial advisor, well, they get paid differently.
129
They usually take a percentage cut on every single dollar they have sitting with them that you go and invest with them.
130
I don't actually love that.
131
If I was you, I would just put it in a van.
132
If I was me, I won't tell you what to do.
133
I'd just put it in a Vanguard or a Fidelity, some sort of cheap structure, dollar cost averaged, continue to invest over the long time,
134
allow it to compound.
135
But that doesn't help you at all with your earned income.
136
So a tax advisor will actually tell you, okay, why don't we structure this LLC,
137
have these earnings go through it so that we can use that to decrease your actual cost basis, the amount of money that you give to the IRS each year.
138
Tax sounds fancy, but it's actually just the way that most people stay rich.
139
People actually have a fund for getting into things, like a down payment fund, a start the business fund.
140
Almost nobody has a fund for getting out of it.
141
This is important because the exit is almost always more expensive than the entry.
142
And it's the one cost nobody budgets for until they're already trapped and paying it in a panic.
143
For the exit fund, this is a separate account whose only job is buying your way out.
144
This is how you break your lease.
145
You eat a cancellation fee.
146
You pay a kill fee to walk away from a client or vendor that's quietly draining you.
147
You don't touch it for anything else.
148
Why?
149
The truth is most of us are too scared of the exit cost to admit things aren't working out.
150
So we just stay and pay a slower, quieter price instead.
151
Before you commit to anything, price out exactly what it costs to undo it, not just what it costs to start it.
152
So before you sign that lease, that contract or that 12 month vendor agreement, ask what walking away costs in month six.
153
Put that number aside before you sign.
154
Some of the most disciplined companies on earth, they're going to pay people to quit on purpose, which is wild.
155
Like Amazon offers warehouse employees an actual cash payment to leave.
156
In Jeff's own words, the goal is making people stop and think about what they really want.
157
Because an employee who stays somewhere they don't want to be, that's unhealthy for you or the business.
158
If a big company is willing to pay five figures just to buy back the option of a clean exit, that tells you something about what staying trapped costs you.
159
So before the end of the day, Write a list of your three to five expenses you want to kill.
160
Name it something that keeps you honest.
161
I like exit fund.
162
I also like the fuck you fund, meaning you can walk out at any point if you don't like them and say, you know what?
163
Every time you sign something recurring, basically add its kill fee to the total you're saving towards.
164
So I wanna talk about the food.
165
I don't think clean eating is just like a signal.
166
This stuff really matters, like actual food.
167
The stuff a plant or an animal would recognize repaired by a human instead of a drive through a window.
168
There's so many studies on this, you guys.
169
Young adults and older adults show the same pattern.
170
Every meaningful increase in ultra processed food tracks to worse memory and concentration.
171
You cannot make a ton of money, negotiate a deal, or show up for your kid's game right on a brain that's been running on gas station calories all day forever.
172
There's a bunch of studies that also show people spend an average of seven hours a week cooking.
173
So I don't know, like maybe use a healthy meal prep service.
174
I use one, it gets delivered to your door every week.
175
You can skip the expensive shopping trip.
176
Like also interesting, there are all these prepared food companies like Factor Meals or Tempo, they're like 200, 300 bucks a week for 21 meals.
177
So for some people, this is a no brainer.
178
Others, the buyback rate doesn't work out.
179
Do the math, see what works for you.
180
We have a chef that cooks for us.
181
Costs about $60 an hour.
182
And in about three hours, they can cook enough food for us for three days.
183
So actually when you look at that cost, it's sort of a no brainer.
184
People assume eating well is really expensive automatically.
185
And two fast food meals a day for a household actually adds up faster than a grocery run.
186
For the end of the day, what's your one action?
187
Throw out that old stuff that's in your desk drawer
188
that you probably shouldn't be eating anyway restock it with something that's gonna go bad
189
if you don't eat it today this is really unpopular advice
190
i will not invest in a founder unless they already have an assistant people hate this advice
191
but i got it given to me by a billionaire and
192
when i saw the data i was actually like pretty shocked on this harvard business found
193
that execs who work with a skilled assistant have 20 to 30 percent higher productivity
194
and make more money a good assistant actually doesn't cost you money in the long term they make you money
195
because of all the hours you waste on your own admin
196
previously okay i have two things i want you to tattoo on your forehead
197
if you want to make more money first is what's called
198
kato i think i originally stole this from tim ferris
199
and i might have updated it slightly myself what does this mean cut automate delegate outsource
200
so what i do first is i obsess on all the things
201
that i should not do obviously netflix and chill
202
but other things like do i really need to be organizing my email list?
203
Like, should I just not do that?
204
So those are my kill items.
205
Second, automate.
206
Hey, I have to read email.
207
Okay.
208
Well, can I use something like Superhuman, which is the software I use that automates all of my email inbox management better?
209
Great.
210
Okay.
211
If Superhuman isn't sufficient, this is when I bring in usually a virtual assistant.
212
They can cost you like a couple hundred bucks to a couple thousand bucks a month, and they will actually do anything that you want to delegate.
213
And fully outsourcing might mean hiring an EA or another member of your team to do this job entirely.
214
They're not even reporting back to you.
215
They're just executing on it.
216
You start with the lowest level tasks from a dollar perspective
217
and you climb to the highest level tasks from a dollar perspective.
218
Now let's say that you're listening to me and you're like, Cody, I want to make more money and I need more time to focus on selling things.
219
Let me show you how to scale up the assistant ladder.
220
The assistant ladder essentially has three rungs on it.
221
Rung one is a virtual assistant.
222
This is part-time overseas cheap.
223
You can basically get this for $200 to $3,000 a month. $3,000 is full-time, by the way.
224
You use this for any inbox scheduling, repetitive tasks.
225
This clears the buyback rate for almost everybody watching.
226
Rung two is actually an assistant.
227
This person is in-house, more trustworthy.
228
They could still be remote, but they know more about you and they can be used to filter out unimportant daily life tasks.
229
Then we've got the chief of staff.
230
This runs projects end-to-end, makes the calls you'd make, walks into a room and can actually brief them on it and say, Cody's not going to like that.
231
Cody is going to like this.
232
You know, this, I like to train them up to my do-look at.
233
This is the top of the ladder.
234
Most of you aren't there yet, but you don't know where you're going to go unless you start here.
235
So let's say this one costs $2,000 to $3,000.
236
Let's say this one costs $50,000 a year, all the way up to $250,000 a year.
237
And let's say a chief of staff probably costs somewhere around $125,000.
238
These people can earn a lot.
239
They can earn $300,000 a year being a chief of staff.
240
This is really important because you need to let go of the 10 hours you're white knuckling
241
because it's faster if you just do it.
242
That line, it's faster if you just do it, is probably why you're not where you want to be at monetarily.
243
And it's usually why most people stay broke.
244
Yeah, everybody's faster once.
245
I'm 100 times faster than most of my employees.
246
But you're not faster the 51st time.
247
So the upgrade here is more free time doing the things that make you more money.
248
My action for you is pretty simple.
249
Before the end of the day, write down the three tasks eating your week that don't require you specifically using Kato.
250
That list is your job for getting to rung one.
251
All right, the next one I want to talk about is sleep.
252
So this economist actually found that the more sleep you have, it's associated with higher earnings.
253
And that kind of makes sense, right?
254
Because tired people make expensive decisions.
255
So like if you really zoom out, chronic short-term sleep costs the U.S economy $411 billion a year in lost productivity.
256
That is wild.
257
It's basically a giant liability.
258
So what do I do to improve my sleep?
259
Really, really simple.
260
One, a hard mattress.
261
There's a lot of studies that show these are better and not like an old mattress.
262
And if you have an old mattress, you really need to replace it every five to ten years.
263
Two, I hyper believe in this one, but it is expensive.
264
Eight sleep.
265
I got a discount code for you guys.
266
You can click the link below.
267
I don't even think I make money on this anymore
268
So you guys just take the 600 bucks
269
or whatever it is off this This has been a game changer for my sleep.
270
You want to go way cheaper than this earplugs
271
and a face mask This is the whole list like you don't need an aura ring.
272
You don't need a whoop.
273
You don't need sleep tracking You don't really need the eight sleep.
274
It's just sick if you have a couple thousand bucks to spend on it
275
So let's run the buyback rate on this if eight sleep is about 5k
276
for instance to get the whole thing plus like de minimis
277
like let's call it like a hundred bucks for everything else
278
that i just mentioned the face mask the earplugs maybe a
279
little bit better of a pillow what are you looking at
280
at 2500 hours a year that's like a two dollar buyback right
281
so that's kind of a no-brainer if you've ever underslept and that decision has cost you in a negotiation, in your business, or in your life.
282
Next, I want to think about lap.
283
And my favorite thing to upgrade is always Y-O-U, but I have a really particular way to do it.
284
I call this the repeat rule.
285
And here's how I like to think about it.
286
How many times, if you acquire this skill, will you repeat its use?
287
So if it's sales, that's probably a thousand times it's going to keep showing up in your paycheck.
288
If it's negotiation, that's probably at least a hundred times.
289
So the higher the number of times you're going to repeat it, the more you're going to want it.
290
Sometimes I also think about something called the tattoo rule.
291
Like if I could take this skill, tattoo it on my body or my brain so I would never forget it, would I rather have that or the money back to learn it?
292
Pretty quickly you're going to realize the things that you'd use again and again and again, you wish that you could tattoo on your brain.
293
And that's when you decide the skills that stick.
294
My most important skills ever, negotiation.
295
That's why I obsess on people learning how to buy businesses.
296
Sales, because CEO is chief sales officer.
297
Operations and processes.
298
That's why we actually run an entire event learning how to run a business.
299
Because even if you're the best salesperson, if you don't understand profitability, you're gonna go out of business, which is actually what we're teaching live at our event on
300
September 18th it will be every single step I've used to buy a business.
301
I can promise you, if you learn the game of business, which is really the game of money, it's really hard to go broke.
302
The most important thing to upgrade going forward, we've talked about it before, is your time.
303
I want you to think about the most unhinged things you could do right now to buy back your time.
304
For me, that's like my nail lady comes to my office every single time I get it done.
305
I never go to the nail salon.
306
By the way, so does my hair and makeup artist.
307
So does the person who even dyes my hair comes into the office.
308
So does my stylist who brings me clothes.
309
Oh, by the way, so does my chef who drops off my food here.
310
I know I sound like a really high maintenance broad, but how else do you build a nine figure company, plus have a husband that you love and hang out with,
311
plus be pregnant, plus like wanna have friends and family and travel around?
312
Like this is where I buy back all my time from all the nonsense.
313
And I swear to God, you guys, somebody is going to tell you, this is so dumb, must be nice.
314
And I'm gonna tell you, That's why that person will never be as successful as you wanna be.
315
I know a lot of people don't like to hear this, but you are the biggest reason why you aren't successful, and it is typically because you are not valuing your time properly.
316
And the second you break through that, and you get out of your head what I used to think too, which is this is so elitist, having all this stuff.
317
Like this is kind of gross buying all of that.
318
Can't you do anything for yourself?
319
It's like the fire movement infected our brains and made us think that in order to have a good life, We had to be minimal and be in the fire movement and save every penny.
320
No, no, guys, the world's hugely abundant.
321
There's more money and opportunity and wealth than you can ever imagine out here.
322
And the best thing is, at a certain point, it doesn't have to cost you more time to do it all.
323
In fact, you can work less, have more fun, and make more once you learn this thing that only rich people do.

Download App

Everything you need to speak fluently

AI PronunciationScore every sentence
IPA PracticeMaster every sound
VocabularyBuild your word bank
Vocab GameLearn while playing

Same Channel

FOR YOU

Recommend Video

Vocabulary and speaking notes for this lesson

This B2 speaking lesson is built on the video “Once You Get Money, Buy These 10 Things Immediately”. This video has 323 sentences and 4065 words to shadow. The speech runs for 19:32. The speaker talks fast, about 208 words per minute, so expect linked and reduced sounds. 85% of the words are among the 3,000 most common in English; the rest is worth studying before you start.

Key vocabulary in this video

The 15 most advanced words in the video, with pronunciation and meaning:

WordPronunciationMeaning
buck noun/ˈbʌk/A male deer, antelope, sheep, goat, rabbit, hare, and sometimes the male of other animals such as the hamster, ferret, salmonid, shad, skunk and kangaroo.
buyback noun/ˈbaɪˌbæk/The repurchase of something previously sold, especially of stock by the company that issued it.
advisor noun/ædˈvaɪ.zə(ɹ)/One who offers advice.
tattoo noun/tæˈtuː/An image made on a body part, usually the skin with ink and a needle.
automate verb/ˈɔ.təˌmeɪt/To replace or enhance human labor with machines.
brainer noun/bɹeɪ.nə(ɹ)/someone with a certain type of brain
mattress noun/ˈmætɹɪs/A pad on which a person can recline and sleep, usually having an inner section of coiled springs covered with foam or other cushioning material then enclosed…
negotiation noun/nɪˌɡəʊ.ʃiˈeɪ.ʃən/The process of achieving agreement through discussion.
proximity noun/pɹɒkˈsɪm.ɪ.ti/Closeness; the state of being near in space, time, or relationship.
ladder noun/ˈlæd.ɚ/A frame, usually portable, of wood, metal, or rope, used for ascent and descent, consisting of two side pieces to which are fastened rungs (cross strips or…
earplug noun/ˈɪəplʌɡ/A piece of protective gear meant to be inserted in the ear canal to protect the wearer's hearing from loud noises or the intrusion of water.
microneedle nounA very fine needle
obsess verb/əbˈsɛs/To be preoccupied with a single topic or emotion.
inbox noun/ˈɪnbɑks/A container in which papers to be dealt with are put.
delegate noun/ˈdɛlɪɡət/A person authorized to act as representative for another; a deputy.

Phrasal verbs you will hear

WordPronunciationMeaning
buy back verbTo purchase (something already sold, misplaced, destroyed, or given away).
get out of verbTo leave, exit or escape from; to become free of.
work out verb/ˌwɝk ˈaʊt/To calculate.
add up verbTo take the sum of; to total.
break through verbTo gain popularity.
come back verbTo return to a place.
drop off verbTo fall asleep.
figure out verbTo come to understand; to discover or find a solution; to deduce.

Sentences worth repeating

Short, complete lines from the video that you can reuse in everyday conversation:

  • If you're a dude, you need one nice watch.
  • You know what's crazy?
  • I'll start high, then we'll go low.
  • For the end of the day, what's your one action?
  • Can't you do anything for yourself?

Grammar in this video

The structures the speaker uses most, with the exact words from the video:

StructureIn the video
Conditional sentences if + clause, will/would + verb — a condition and its resultIf I was you, I would just · If I was me, I won't tell · if you acquire this skill, will you
Relative clauses who / which + clause — extra information about a person or thingyear, which will · bucks, which means · one, which is
Present perfect have/has + past participle — a past action that still matters nowI've never done · you've made · has been

Pronunciation to watch

The speaker uses 101 contractions and reduced forms, such as don't, you're, I'm. Say them the short way, as you hear them.

  • The “th” sounds: trustworthy /ˈtɹʌst.wɜː.ði/, unhealthy /ʌnˈhɛl.θi/, mathematics /mæθ(.ə)ˈmæt.ɪks/
  • The “sh” and “zh” sounds: negotiation /nɪˌɡəʊ.ʃiˈeɪ.ʃən/, measurable /ˈmɛʒəɹəbəl/, preposition /ˌpɹɛpəˈzɪʃən/, cancellation /kænsəˈleɪʃən/, negotiate /nəˈɡəʊ.ʃi.eɪt/
  • Long words — get the stress right: negotiation /nɪˌɡəʊ.ʃiˈeɪ.ʃən/, proximity /pɹɒkˈsɪm.ɪ.ti/, economist /iˈkɑ.nə.mɪst/, productivity /ˌpɹɒdʌkˈtɪvəti/, measurable /ˈmɛʒəɹəbəl/

How to practise with this video

  1. Listen to the whole video once without speaking and note the words you do not know.
  2. Start at 0.75× speed, shadow it sentence by sentence, then go back to normal speed once it feels easy.
  3. Record yourself and compare with the original, paying attention to words like buck, buyback, advisor.

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.

Shadowing technique: read the full step-by-step guide →