The Rich buy assets. The poor only have expenses. The middle class buys liabilities they think are assets. The poor & the middle class work for money.
The Rich have their money work for them.
(Robert T Kiyosaki, Author of ‘Rich Dad Poor Dad’)
To carry out an effective asset analysis, a clear understanding of your financial goals and objectives is essential. One also needs to have a good understanding of financial resources, strengths & shortcomings. Once this data is prepared, one can begin to identify the assets.
Some of the most common assets to be analysed in asset analysis include
Advantages of Asset Analysis & Evaluation
Simply put, Asset analysis & evaluation is a key function of Financial Planning.
It needs due diligence, right skill sets and experienced hands, in order to move in the direction of the desired outcome. Renascent Wealth is here, so why worry!