What’s an asset?

Ever thought about it?

If not, you need to, if you want to fly asset class.

An asset is something that generates income for you. Even while u r not looking. That’s my understanding.

So is your house an asset?

No! Unless it’s generating a rental. Otherwise it’s generating expenses, and is thus a liability.

Sound investing generates assets.

Over time, the accumulative income of all your assets allows you to fly asset class, i.e. gives you financial independence. Even while u r not looking.

That’s the whole idea.