TRANSCRIPT:

Hi again. Greg Vojtanek here of Fade In Financial. Welcome back to another edition of Finance Lingo Explained, where I take some common finance terms and, hopefully, explain them in easy-to-understand language.

Today’s word is assets. You may have heard this. You may have heard terms like “liquidating your assets” or “can you sell your assets?” or “how much are your assets worth?”

Assets just mean everything that you own. That could mean physical property. It could mean a home, or a car, or jewelry. Any property that you own is considered an asset.

Also any stocks, bonds, funds, which could include your 401(k), your IRAs. Those are also considered your assets. Also, cash, savings account, checking account, CDs. These are also going to be part of your overall assets.

So that’s what assets mean. Just everything that you own. So I hope you found this helpful, and stay tuned. I’m sure I’ll be doing more of these Finance Lingo Explained. Thanks for watching. I’ll see you next time.