What is Assets?

According to google, “ Assets refer to property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.” My simple definition is “assets are what we own, such as money, house, car…etc”. are all what we own really the assets?


I used to think that my cars, my money, my house, my bike are my assets. However, every month, I spend some of my salary to fix my assets. A few years ago, I came across the book “Rich dad poor dad” by Robert Kiyosaki, I was totally surprised. Some of my assets are not really the assets in the business world. Based on Robert, assets are what that makes money for us, creating the cash flow into our pocket. If I own a house and rent it, then, it is the assets because it generates monthly cash (rental fee) for me.

To sum up, assets are the property or anything that make money for us. We should look for those kind of assets to invest so that we can be wealthy in the future. To manage your assets wisely, you need to have financial literacy and I will write my experience (mistake) on this in the next article.