Jim Cramer: What I Refuse To Spend Money On

 

Jim Cramer talks all things money with CNBC Make It. CNBC Make It is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.

 

 

Vocabulary

• snob: someone who thinks they are better than other people because they are in a higher social position.
  Just because you're attending an Ivy League university doesn't mean you have to be a snob to community college students. Gimme a break! 
• Goldman Sachs: American multinational investment bank and financial services company headquartered in New York City.
• subtle: not obvious or easy to notice.
• leave this Earth: die / pass away.
  I want to climb Mount Everest before I leave this Earth. 
• bleacher seats / bleachers: cheap seats at an outdoor sports stadium. These type of seats are usually uncovered and farthest from the playing field.
• an arm and a leg: a lot of money.
  Why do you want to fly first-class to Tokyo? That's going to cost an arm and a leg. 
  Why don't you just fly economy? It's only a two-hour flight from here. 
• frugal: careful not to spend very much money.
• dividend: an amount of money paid regularly to someone who owns shares in a company from the company's profits.
• Eco-hotel: (also known as a “green” hotel) a hotel with features and services designed not to be harmful to the environment.
  generic: a consumer product having no brand name or registered trademark.
  I usually buy generic corn flakes cereal from Walmart. It's cheaper, and it tastes exactly the same as the Kellogg's one.
• longevity: a long life ; the ability to last for a long time. 
  I wish everybody in this room longevity and health. Cheers!!! 

 

Questions

1. Jim Cramer is the host of Mad Money, a very popular American finance TV program, on CNBC. Would you ever get money advice from some stranger(s) on TV?  
2. Do you ever buy generic brands or do you still prefer name-brand products? Why? 
3. What kinds of things do you refuse to spend your money on?
4. Do you think money can buy happiness? Why or why not? 
5. How do you think your life would change if you were extremely rich?