Give Assets
When we give our assets, we make a statement that the potential use of our assets by other people has a greater value to us than the asset itself. The primary example is the gift of money to a charity group who uses the money to help many people. We also give assets during birthdays and cultural events such as Christmas and Valentine's Day.
We can set goals surrounding how much we give and why we give. Our giving goals guide our giving in cultural events and irregular transactions. We often give assets in lieu of the other two types of gifts: Time and Values.
Starting Steps for Giving Assets Goals
(1) Before we give assets, we have to decide what types of assets are worth giving. We need to know what other people value, so that we can give valuable assets rather than worthless assets. No one wants to receive junk assets which cost them money to get rid of. When we find good assets to give and reasonable sources for those assets, we can give assets that people want that we can acquire for reasonable prices.
(2) Before we give assets, we need to know what assets we have to give. We can not give assets if we have no assets. We need to periodically count the assets we own and the asset's cash value so that we do not give away more than we own. If we use credit in other aspects of our life, it is even more important to measure our assets against our debts so that we do not give away assets that could otherwise be used to pay our debt.
(3) If we plan to give away assets, we need a plan to accumulate assets so that we have assets to give away. Thus, we have to establish an asset accumulation rate as well as an asset giving rate.