A car loses value over time, costs money in fuel, maintenance, and insurance—making it a liability, not an asset.
Unless it generates income, your home is an expense with mortgage, taxes, and maintenance, not a true asset.
Buying the latest phones, laptops, and smart devices may feel like an investment, but they depreciate quickly.
Gold may hold value, but frequent buying and selling or keeping it idle doesn’t generate income, making it a poor asset choice.
High-end fashion and branded accessories don’t appreciate in value; they drain savings instead of increasing wealth.