Asset Utilization
Once you have assets, you consider various ways to use the assets to maximize the use of the asset or increase the value of the asset. Some assets appreciate in value; investments such as property, stocks, bonds, or collectables. Assets also depreciate either through wear and tear, or breakage during use. Assets need to be cared for - with maintenance work.
Starting Steps for Asset Utilization Goals
(1) What assets do you own and control? How easily can you shift those assets into a cash value?
(2) What do you know about different types of investment types, such as CDs, stocks, or bonds? You should never invest money into types of investments that you do not understand the potential gains and risks.
(3) Consider investing small amounts into investments if you want to learn about any investment type.