๐ What is an Asset?
An asset is anything that puts money into your pocket. It generates income or increases in value over time.
⚖️ Assets vs Liabilities
✅ Assets
Generate income
Increase wealth
Examples: Rent, Business, Stocks
❌ Liabilities
Take money out
Create expenses
Examples: EMI, Loans, Credit Cards
๐ Types of Assets
๐ผ Financial Assets
Stocks, Mutual Funds, FD
๐ Real Assets
Property, Land, Shops
๐ง Intellectual Assets
Courses, YouTube, Apps
๐ช Commodities
Gold, Silver, Crypto
๐ฎ๐ณ Real Life Examples
๐ Rental house = Asset
๐️ Bike on EMI = Liability
๐ฑ Mobile phone = Liability
๐ช Shop rent income = Asset
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