Acquiring asset to build our wealth is what we need to do, what an smart investor do. From the previous post, we know that we cannot keep currency for long time. Once currency is not moving, it is dead. No value. Currency does not represent our wealth. So what we need to do is transferring our currency to asset. Currency got no value but asset got.
Asset is something you own that can help generate income either now or in the future. This is base on my own definition. Some people might think that car, mobile phone, and house ( not for investment purpose) are assets. But for me, those are liabilities. As long as it cannot help me generate income, I will act them as liabilities. That is my simple and easy understand definition for asset.
