18 min
The Language of Money #1: Intro + Examples The Money Minded Athlete
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- Sports
Language is one of the most powerful things in our world today. It has the power to motivate. Language can educate people on any topic and becoming educated on money is what this show is about.
From our last episode with Mark England, we got an introduction to just how powerful our words and language is in our lives. Too often in life we use slang and start to use multiple words to convey one message even though each word technically has its own definition although they may be similar.
Getting too comfortable with slang can be costly and we can miss out on opportunities because we sound too naive or don't have enough information to know the difference between words or phrases. You could tell someone something thinking it has one meaning and all of a sudden they're pissed off because they use the technical definition and it has a different meaning.
One example is this. I'm a strength and conditioning coach, personal trainer. I've had some clients tell me they want to tone up and get long lean muscles. I understand what it is that they're trying to say but they're not using the words as they're literally meant. "Tone" refers to muscle tone and tension and doesn't really have to do with "being shredded" like most people would mean. You also can't make your muscles any longer than they already are. This is an example of advertisements from magazines and the media. So I would be slightly annoyed when people talked like this but it is a matter of educating people to know the difference.
There are many examples like this, the "popular or masses" definition and the technical/literal definition.
Each week on Tuesday's from here on out I will do 5-10 minute episodes breaking down a few different words or phrases that are important to money and finance.
Their textbook definition as well as examples of them in the real world.
Today's example is the different between credit score & credit report. These examples were brought to you from Ramit Sethi and his best selling book "I Will Teach You To Be Rich"
You can check out his book from the link here.
Language is one of the most powerful things in our world today. It has the power to motivate. Language can educate people on any topic and becoming educated on money is what this show is about.
From our last episode with Mark England, we got an introduction to just how powerful our words and language is in our lives. Too often in life we use slang and start to use multiple words to convey one message even though each word technically has its own definition although they may be similar.
Getting too comfortable with slang can be costly and we can miss out on opportunities because we sound too naive or don't have enough information to know the difference between words or phrases. You could tell someone something thinking it has one meaning and all of a sudden they're pissed off because they use the technical definition and it has a different meaning.
One example is this. I'm a strength and conditioning coach, personal trainer. I've had some clients tell me they want to tone up and get long lean muscles. I understand what it is that they're trying to say but they're not using the words as they're literally meant. "Tone" refers to muscle tone and tension and doesn't really have to do with "being shredded" like most people would mean. You also can't make your muscles any longer than they already are. This is an example of advertisements from magazines and the media. So I would be slightly annoyed when people talked like this but it is a matter of educating people to know the difference.
There are many examples like this, the "popular or masses" definition and the technical/literal definition.
Each week on Tuesday's from here on out I will do 5-10 minute episodes breaking down a few different words or phrases that are important to money and finance.
Their textbook definition as well as examples of them in the real world.
Today's example is the different between credit score & credit report. These examples were brought to you from Ramit Sethi and his best selling book "I Will Teach You To Be Rich"
You can check out his book from the link here.
18 min