What are the Benefits of Liquid Assets in Personal Finance?

[Suba]

Liquid Assets refer to various types of assets that are easily liquidated or turned into cash quickly, for example cash, savings in banks. checking accounts, Accounts on capital transactions, in addition, some assets can also be classified as liquid assets even though when liquidated they will be subject to fines and admin fees such as bank deposits. in addition, there are also types of liquid assets whose prices may decrease when cashed in such as stocks, crypto. While property and cars are not classified as liquid assets. Not only businesses or companies that must have sufficient liquid assets but also in our personal finances we also need liquid assets, so in your opinion, what are the benefits of liquid assets in personal finance?

 

[Springtime]

It is important that some of the assets you own are liquid assets. When you need money urgently, you can always sell them and turn them into cash.

 

[Stardom22]

Liquid assets really help in the equipping one and promotes the business to have purchasing power on the business products and services

 

[riberet19]

Liquid assets allow us to exchange it for cash quickly in case we need it, these assets are highly valued among investors, since you do not have to wait long when you want to execute sales orders.

 

[Augusta]

We all needs liquid assets. Things that we can .turned into cash quickly, for example cash, savings in banks.

 

[King Belieal]

Liquid assets help you not to fall into debts when financial emergencies happen. You can easily change them to cash immediately.

 

[Fidelia]

People hold their financial resources in liquid assets so that they can easily get cash for it when they need. They can get the worth of their assets within hours of them announcing sales.

 

[Augusta]

That's right financial resources in liquid assets is to easily get cash for things you want to achieve financially without much stress

 

[Kera]

Liquid assets are very good for to have alongside solid assets. They help us to cash out of we have significant yields short term before market downturn.

 

[Augusta]

Liquid assets can help you pay for essential costs like medical bills, job loss etc. they can help you meet financial obligations, prepare for emergencies etc

 

[King Belieal]

Liquid assets can help you pay for essential costs like medical bills, job loss etc. they can help you meet financial obligations, prepare for emergencies etc

When it is that emergency situation and you need your asset to come in handy, it is liquid asset that works.

 

[Augusta]

When it is that emergency situation and you need your asset to come in handy, it is liquid asset that works.

My point exactly, life can be very unpredictable so you need liquid assets if you don't want to store cash so you can easily convert them to cash in case of emergency