An asset is something that has value and is owned by an entity. Assets add to the net worth of the entity that owns it. The entity that owns an asset can be a person, a company, or any other type of organization. Asset Examples of assets are cars, buildings, land, machines, equipment, cash and [...]

I love this little piece of wisdom, because it taught me to get the maximum amount of profit out of the things I buy myself for work and the maximum amount of pleasure out of the things I buy myself for fun.