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.