Understanding Your Assets

Did you know that almost everyone (including you!) has some kind of assets? If you’re not sure what those assets are or even if you have any, however, you could be missing out on potential financial benefits. Obviously, the first step to getting the benefits you deserve is to figure out what your assets are. Most assets can be grouped into one of two categories: physical assets and financial assets.

Physical assets are objects or things of value that you actually possess, such as a very expensive piece of

jewelry. If you can hold it in your hand and it has value, it’s a physical asset. Financial assets, on the other hand, are money in any form. Whether it’s a savings account or a retirement fund, if it involves money, it’s likely a financial asset.

Knowing what your assets are and their type, however, won’t do you any good if you don’t know what to do with those assets or how to make them work for you. That’s where the help of an asset management firm can really come in handy. An asset management firm, such as Platinum Financial Associates of Naperville, can show you exactly how to determine your assets and how to put them to work for you!

Related articles

• Understanding Assets (susanslewisltd.blogspot.com)
• Everyone Has (or can have) Assets (pfinvest.blogspot.com)