TASK 2 (TWO PARTS): PUBLIC FINANCIAL DISCUSSIONS
In numerous nations, there is a growing trend for individuals to frequently discuss financial matters, such as their earnings or expenditures, in everyday conversation.
What are the reasons behind this phenomenon?
Is it advantageous or detrimental?
Sample Answer
In many countries around the world, it is becoming increasingly common for the average person to include financial discussions, such as personal finances and investment ventures, as part of their daily conversational exchanges. From my perspective, this growing phenomenon can be attributed to professional habits and public attention-seeking, and is, on the whole, disadvantageous despite certain limited benefits.
Public disclosure of financial matters can be viewed as a by-product of professional responsibility. Managers of hedge funds, directors of exchange-traded funds (ETFs), or conscientious cryptocurrency traders, for example, tend to publicly discuss issues regarding market volatility, profits and losses (P&Ls), and geopolitical factors affecting their investment or trading decisions. These exchanges, to these professionals, are nothing but regular and non-boasting; however, they may appear abnormal or even verging on excess to the average person whose livelihood is not finance-related.
Instances of intentionally and publicly discussed personal finances can stem from personal desires to seek external validation or sympathy. If a high-income individual earning a six-figure monthly salary subtly boasts about their earnings or a day trader winning a sizeable profit from Bitcoin briefly mentions their success in a conversational context, the primary purpose is largely to gain self-esteem and public admiration. By contrast, when one consistently complains about one’s limited earning capacity and vulnerability to economic instability, it is likely external aid or sympathy they implicitly yearn for.
In my opinion, frequently disclosing private financial issues can yield legitimate benefits. These merits include increased awareness about market risks, opportunities for finding people of common interests, and esteem from others. However, these upsides are superficial and short-lived, as market information can be found in numerous online sources, like-minded people can contact each other on specialised forums, and external recognition should be better acquired from other aspects of life, not just personal finances. In addition, the risks associated with public financial disclosure far outweigh its intended benefits. Foremost among these is the risk of security breaches, including various instances of hacking, scamming, and online fraud, all of which can stem from jealousy and indiscreet financial boasting. Secondly, when people divert too much attention to publicly displaying their financial status, they tend to develop complacency, potentially leading to failed trades, reckless ventures, and eventually irreversible losses.
In conclusion, there are personal and professional causes behind public financial boasting, which include career reasons, external esteem, and unnecessary attention. This worrying phenomenon is chiefly negative due to the risks associated with fraud, scamming, and complacency, despite its limited and short-sighted benefits.
Marking by Chat GPT 5
 |
TỪ VỰNG HAY
In numerous nations, there is a growing trend for individuals to frequently discuss financial matters, such as their earnings or expenditures, in everyday conversation.
What are the reasons behind this phenomenon?
Is it advantageous or detrimental?
In many countries around the world, it is becoming increasingly common for the average person to include financial discussions, such as personal finances and investment ventures, as part of their daily conversational exchanges. From my perspective, this growing phenomenon can be attributed to professional habits and public attention-seeking, and is, on the whole, disadvantageous despite certain limited benefits.
Public disclosure of financial matters can be viewed as a by-product of professional responsibility. Managers of hedge funds, directors of exchange-traded funds (ETFs), or conscientious cryptocurrency traders, for example, tend to publicly discuss issues regarding market volatility, profits and losses (P&Ls), and geopolitical factors affecting their investment or trading decisions. These exchanges, to these professionals, are nothing but regular and non-boasting; however, they may appear abnormal or even verging on excess to the average person whose livelihood is not finance-related.
Instances of intentionally and publicly discussed personal finances can stem from personal desires to seek external validation or sympathy. If a high-income individual earning a six-figure monthly salary subtly boasts about their earnings or a day trader winning a sizeable profit from Bitcoin briefly mentions their success in a conversational context, the primary purpose is largely to gain self-esteem and public admiration. By contrast, when one consistently complains about one’s limited earning capacity and vulnerability to economic instability, it is likely external aid or sympathy they implicitly yearn for.
In my opinion, frequently disclosing private financial issues can yield legitimate benefits. These merits include increased awareness about market risks, opportunities for finding people of common interests, and esteem from others. However, these upsides are superficial and short-lived, as market information can be found in numerous online sources, like-minded people can contact each other on specialised forums, and external recognition should be better acquired from other aspects of life, not just personal finances. In addition, the risks associated with public financial disclosure far outweigh its intended benefits. Foremost among these is the risk of security breaches, including various instances of hacking, scamming, and online fraud, all of which can stem from jealousy and indiscreet financial boasting. Secondly, when people divert too much attention to publicly displaying their financial status, they tend to develop complacency, potentially leading to failed trades, reckless ventures, and eventually irreversible losses.
In conclusion, there are personal and professional causes behind public financial boasting, which include career reasons, external esteem, and unnecessary attention. This worrying phenomenon is chiefly negative due to the risks associated with fraud, scamming, and complacency, despite its limited and short-sighted benefits.
Vocabulary
- increasingly common – ngày càng phổ biến
- investment ventures – các hoạt động đầu tư
- conversational exchanges – các cuộc trò chuyện
- phenomenon – hiện tượng
- attributed to – được cho là do / quy cho
- attention-seeking – tìm kiếm sự chú ý
- disadvantageous – bất lợi
- disclosure of financial matters – việc tiết lộ thông tin tài chính
- by-product – sản phẩm phụ / hệ quả gián tiếp
- exchange-traded funds (ETFs) – quỹ giao dịch trao đổi
- market volatility – biến động thị trường
- profits and losses (P&Ls) – lãi và lỗ
- geopolitical factors – các yếu tố địa chính trị
- verging on excess – gần như quá mức / thái quá
- livelihood – kế sinh nhai
- external validation – sự công nhận từ bên ngoài
- six-figure monthly salary – mức lương sáu con số hàng tháng
- sizeable profit – khoản lợi nhuận đáng kể
- economic instability – bất ổn kinh tế
- yield legitimate benefits – mang lại lợi ích chính đáng
- superficial and short-lived – hời hợt và ngắn ngủi
- specialised forums – diễn đàn chuyên biệt
- far outweigh – vượt xa / lớn hơn nhiều
- security breaches – rò rỉ / vi phạm an ninh
- reckless ventures – các khoản đầu tư liều lĩnh
✔ DÀN Ý
Introduction
- Ở nhiều nước → người ta nói chuyện về tiền bạc (personal finance, investment) ngày càng nhiều.
- Quan điểm cá nhân: do thói quen nghề nghiệp + muốn gây chú ý, và hại nhiều hơn lợi.
Body 1 – Nguyên nhân nghề nghiệp (Professional reasons)
- Một số người làm trong lĩnh vực tài chính (hedge fund managers, ETF directors, crypto traders).
- Họ bàn chuyện tiền vì công việc: market volatility, profits & losses, geopolitical factors.
- Nhưng với người thường → chuyện này nghe weird / verging on excess (quá đà).
Body 2 – Nguyên nhân cá nhân (Personal reasons)
- Nhiều người nói về tiền để seek external validation (muốn được công nhận / ngưỡng mộ).
- Ví dụ: six-figure salary → khoe khéo để được khen.
- Hoặc than nghèo → để được sympathy / help từ người khác.
Body 3 – Lợi & hại
- Lợi (minor): giúp hiểu thị trường, tìm người cùng chí hướng, nâng cao awareness.
- Nhưng hại (major):
- Dễ bị security breaches, scams, hacking (mất an toàn).
- Sinh complacency, đầu tư liều (reckless ventures) → irreversible losses.
- Lợi ích chỉ superficial and short-lived.
Conclusion
- Hiện tượng này đến từ cả career reasons lẫn attention-seeking.
- Tuy nhiên, overall = negative → nên tránh khoe khoang tài chính để bảo vệ bản thân & danh dự.
