An "asset" as defined by Wikipedia is "anything tangible or intangible that can be owned or controlled to produce value."
Assets are very valuable because if we focus on creating them they can produce returns indefinitely in the future.
If we want to create assets we have to go from consumer to creator. To become creators we have to be owners and take responsibility.
Creators use resources to create assets, then acquire more and grow them. The main resource you have is time. It uses it to create other types of tangible and intangible assets.
Today, intangible assets exceed the value of tangible assets by a factor of five to one. Creators spend their time creating intellectual capital. Intellectual capital is not quantifiable, but its value is indisputable.
If we want to become creators we have to create 2D assets that are:
- Your knowledge
- Your communication
- Your relationships
- Your reputation
Specific knowledge is the most valuable intellectual capital. By learning valuable skills and combining them, you can create your own monopoly. And that will help you create valuable relationships and alliances.
If you communicate your ideas effectively you can create value for your audience. And that audience will become your asset.
Also if you start to develop your habits, those can become your potential assets. For example:
- Learn to program → Create a startup
- Learn to write → Create an audience
- Train 3 times a week → Have good health
You must first begin to take ownership and responsibility for your actions that can become your assets or losses.
If you constantly start thinking about assets, you will be focused and can spend time on the really important things.