How Assets Help You Build Wealth Assets represent a fairly simple concept. Every asset you acquire, and every time those assets increase in value, your net worth grows.

The basic definition of a real-world asset is simple: It is a tangible, physical asset in the real world. This can be anything from a residential property or diamonds to a valuable baseball card.

it's crucial to consider the tax implications when selling art. The taxation of income from tangible assets differs from that of other types of investments.