personal assets

Personal assets are items or resources you own that have value. These include cash, savings, investments, property like your home or car, and valuable possessions such as jewelry or art. Assets can be used to meet your financial needs, and their total value helps determine your overall financial health. Unlike liabilities, which are debts or obligations, assets add to your net worth by providing financial security or potential future income. Managing your personal assets wisely is key to achieving financial stability and reaching your financial goals.