Shadowing Practice: What is Net Worth? A Simple Explanation for Teens and Beginners - Learn English Speaking with Video
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46 sentences
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Oh!
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you - Here Wall Street, will I?
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In the newspaper, I heard that someone has a really high net worth.
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But what is a net worth anyway?
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Well, a gnat worth...
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is your assets or whatever you own like a home or a car.
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Minus your liabilities, which is debt or money that you owe someone else,
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like a car loan, student loan, credit card debt and a mock gauge which is a loan for a house.
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So you just subtract your liabilities from your assets to get your net worth.
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Okay.
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Is my piggy bank part of my net worth?
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Yes.
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It is part of your net worth.
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Very small part of it, but it still is part of your net worth.
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- Excellent question.
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Is my home part of mine at work?
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Yes.
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It is because it is an asset in something that you own.
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But a mortgage on your home would be considered as a liability because it's something that you owe a bank.
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So you have to subtract that.
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from your assets.
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Okay, but what's my net worth if my liabilities are more than my assets?
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Well, if that happens, then your net worth will be negative.
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But if you pay back part of your loans, then it'll start becoming positive.
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So let's say that you have a house of $100 ,000 and a car of $10 ,000.
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But you have a mortgage or loan on your house for $150 ,000 and a car loan for $10 ,000.
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Then your $100 ,000 house plus your $10 ,000 car would equal $110 ,000.
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But your mortgage would be $150 ,000 plus $10 ,000 loan on your car, which would be $160 ,000.
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So your net worth would be negative $50 ,000.
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But if you paid back $100 ,000 on your mop cage, then your net worth would be $50 ,000.
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That's really good. And...
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Who should calculate their net worth?
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Probably only rich people, right?
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No, not at all.
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It is definitely not only for rich people.
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Everyone should calculate their net worth.
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From the richest person in the world to people like you and me, everyone should calculate their net worth to track their financial progress each year.
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Even if you think that your net worth is really less, you should still calculate it.
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And when do you calculate your net worth anyway?
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You should calculate it at least once a year.
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That helps you track your financial progress over the years, so you know how much your net worth has grown or gotten smaller.
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Thank you very much for all that information about what a net worth is.
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You're welcome.
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Remember, Binance is your friend!
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Hey, people!
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If you enjoyed this video or learned something new, please like, share, and subscribe for more Easy Pizza Finance.
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Vocabulary and speaking notes for this lesson
This video has 46 sentences and 445 words to shadow. The speech runs for 3:50. The speaker talks at a steady 116 words per minute, a comfortable pace for shadowing. 89% of the words are among the 3,000 most common in English, so the vocabulary is easy to follow.
Key vocabulary in this video
13 words from the video worth learning, with pronunciation and meaning:
| Word | Pronunciation | Meaning |
|---|---|---|
| calculate verb | /ˈkælkjʊleɪt/ | To determine the value of something or the solution to something by a mathematical process. |
| asset noun | /ˈæsɛt/ | A thing or quality that has value, especially one that generates cash flows. |
| liability noun | /laɪəˈbɪlɪti/ | An obligation, debt or responsibility owed to someone. |
| mortgage noun | /ˈmoɹ.ɡɪd͡ʒ/ | A legal agreement in which a borrower pledges real property as collateral for a loan used to purchase or refinance that property. |
| pig noun | /ˈpɪɡ/ | Any of several mammalian species of the family Suidae, having cloven hooves, bristles and a snout adapted for digging; especially the domesticated animal Sus… |
| cage noun | /keɪd͡ʒ/ | An enclosure made of spaced bars, normally to hold animals while providing some ventilation. |
| gauge noun | /ˈɡeɪd͡ʒ/ | A measure; a standard of measure; an instrument to determine dimensions, distance, or capacity; a standard |
| subscribe verb | /səbˈskɹaɪb/ | To write (one’s name) at the bottom of a document; to sign (one's name). |
| minus | /ˈmaɪ.nəs/ | Made less or reduced by (followed by an expression of number or quantity). |
| mock verb | /mɑk/ | To mimic, to simulate. |
| subtract verb | /səbˈtɹækt/ | To remove or reduce; especially to reduce a quantity or number. |
| gnat noun | /næt/ | A biting insect, especially a mosquito. |
| piggy noun | /ˈpɪɡi/ | A pig (the animal). |
Phrasal verbs you will hear
| Word | Pronunciation | Meaning |
|---|---|---|
| pay back verb | /peɪ bæk/ | To pay (a debt or the lender) so as to provide the entire amount of money owed. |
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 | liabilities, which is · gauge which is |
| Advice with “should” should + verb — saying what is a good idea | should calculate · should still calculate |
| Future with “will” will + verb — a decision, promise or prediction | will I · will be · it'll start |
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 calculate, asset, liability.
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.