0
0
0
0
1
2
3
$0
Anything of value you own, such as cash, stocks or property.
An asset is anything you own that has value or can produce income. Cash, stocks, bonds, a house, a car or a business are all assets. In finance, assets are often compared with liabilities, which is what you owe.
Your savings account, your retirement fund and your apartment are assets; your car loan is a liability.
Your net worth is simply assets minus liabilities. Growing assets that produce income (like dividend stocks or rental property) is the basis of building wealth.