Assets are anything of value that you own. Some Common Examples of Assets include:–
1] Real Estate:- This can include your Home, Rental properties, or Commercial Real Estate.
2] Stocks and Bonds:- These are Investments in companies or the Government that can provide a steady stream of income over time.
3] Cash and Savings:- Having a Solid Emergency Fund and savings account can be considered assets.
4] Retirement Accounts:- A 401(k) or IRA are Examples of Retirement Accounts that can grow over time and provide Financial Security in your later years.
5] Personal Property:- This can include valuable items like jewellery, artwork, or collectibles.
6] Vehicles:- A car or truck can be considered an asset, especially if it has a high resale value
7] Business Ownership:- If you own a business, that can be considered an asset as well.
In Short, Assets can be anything of value that you own. It’s important to have a mix of different types of assets in order to diversify your portfolio and reduce risk.
Having a solid Emergency Fund, Investing in stocks and bonds, owning real estate, and having retirement accounts are all examples of assets that can help build Financial Security over time.