Income is your greatest asset.
For the vast majority of people, the greatest asset they have is the ability to generate income.
“Your most valuable asset is not your car. In fact, it's not any possession you own. Your most valuable asset is You. The present value of your future income is the most precious thing you have, and the greatest investment you can make is one into yourself.
Earning assets include stocks, bonds, income from rental property, certificates of deposit (CDs) and other interest or dividend earning accounts or instruments. They can provide a steady income, which makes particularly useful for long-term goals such as retirement planning.
Now let's look at some ideas on how to invest $10,000:
Investing in yourself means believing that you're capable of more than what you're currently doing for your job or employer. It also requires, at times, foregoing all other activities to invest in yourself and your business. Spend your time doing things in order to learn, grow and create value.
All intangible assets such as patents, copyrights, intellectual property, brands, trademarks, and R&D are created by people. Therefore, people matter most to you and your business. They are the most essential contributors toward profits and shareholder value. That said, people are key assets for any organization.
People are not assets like tangible fixed assets such as equipment. People cannot be owned. People do not depreciate. If they are assets, people are intangible assets.
It's a joint effort by the organizations and employees. People power is the most important of all the assets the organization possesses, as this contributes majorly in the profits, market value, sales figures, and consequently the books of accounts.
A human being or a person cannot be considered an asset like tangible fixed assets such as equipment, because people cannot be owned, controlled or measured for future economic benefits in money terms, unlike physical assets.
Key Takeaways
Your home is probably your most valuable asset; other key assets include investments, automobiles, collectibles, and jewelry. Accurately determining the value of your assets versus estimating is essential, including getting a home appraisal for your place of residence.
Your time, energy, and attention are the most valuable resources you have.
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