Is money an asset, and what else is considered an asset?

[Starmix]

Is money an asset, and what else is considered an asset? The answer is yes, of course, money is an asset. Specifically, it is a liquid asset because it can be quickly and easily used to buy goods, services, or pay debts. In financial terms, assets are resources owned that have economic value, and money definitely fits that description.

Apart from money, assets come in various types including physical assets like real estate, vehicles, equipment, and machinery, and inventory or stock. Next are financial assets, which include stocks and shares, bonds, savings accounts, and mutual funds. And the last type of assets are intangible assets, which include intellectual property, brand reputation, goodwill, and software.

Each asset type has different characteristics like liquidity, value stability, and usage.

 

[eLdavis]

Personally i think whatever helps you generate money is an asset. My phone helps me make money, so it's an asset.

 

[Starmix]

Personally i think whatever helps you generate money is an asset. My phone helps me make money, so it's an asset.

Your skill is an asset. You produce money from it like your digital services business. Someone's face or beauty is also an asset. Assets can be acquired either short or long - term.

 

[eLdavis]

Your skill is an asset. You produce money from it like your digital services business. Someone's face or beauty is also an asset. Assets can be acquired either short or long - term.

Well said, your skills as long as it generate money for you it's definitely an asset. Assets is not limited to one thing.

 

[Springtime]

Yes, money is liquid asset. Other assets may include real estates, gold, stocks, or anything which helps you to generate money.

 

[kit_hung]

There are also Intangible Assets. These are assets that are invisible but have great value. They are very important in today's knowledge-based economy. Products such as computer software, even brand reputation or goodwill have great value. A company may have a few buildings, but its name can be worth millions or billions of dollars.

 

[Starmix]

Well said, your skills as long as it generate money for you it's definitely an asset. Assets is not limited to one thing.

Exactly, the education we finished is also a personal asset where no one can snatch it from us. There are many things considered assets.

 

[Augusta]

Yes, I believe that money iecah asset as it's no liability either. So yes with money you can generate more money when invested

 

[Starmix]

Financial assets also include stocks and shares, bonds, savings accounts, and mutual funds. And the last type of assets are intangible assets, which include intellectual property, brand reputation, goodwill, and software. How I like to have all these kinds of assets.

 

[Augusta]

Yes, Assets are worth having and money or cash is one of them. You can use money as an asset to run a business effectively

 

[Starmix]

Ourselves are also considered an asset, our potential, our excellence, and our experiences that no one can compare and take away.

 

[Suba]

That's right, money/cash is an asset, and cash equivalents also include assets like bonds and short-term deposits with maturities of less than three months. Accounts receivable, inventory, and fixed assets like vehicles, machinery, crypto, etc.

 

[Starmix]

What a nice feeling if there is an asset to rely on in the future. Not all acquire an asset; it is also a bit of luck. Working harder like a horse may not guarantee acquiring an asset if not work smart.

 

[Suba]

What a nice feeling if there is an asset to rely on in the future. Not all acquire an asset; it is also a bit of luck. Working harder like a horse may not guarantee acquiring an asset if not work smart.

That's right, besides luck and smart work, we also need support from other people, be it family, friends, etc. because if there is only one tree, it will take a long time to be a forest.

 

[Starmix]

That's right, besides luck and smart work, we also need support from other people, be it family, friends, etc. because if there is only one tree, it will take a long time to be a forest.

Yay, how nice to see a single tree becomes a forest. The forest symbolizes profit of a lone investment signifying the lone tree . That lone tree becoming a forest signifies a long - term investment .

 

[Augusta]

Assets represent value of ownership that can be converted into cash . cash itself is also considered an asset).

 

[Starmix]

We are an asset, which is why we have to improve our skill set so we can earn a good earning on the web, or a job.