Managing Your Assests To More Cash
By | September 11, 2008
The woman who manages her assets well has an edge. She knows what she’s worth, she knows how to make the most of it, and she is in constant development. She also guards her assets like a pit bull, making sure debt and poor credit stay out of the picture. She understands that it is less difficult to take what you have and enhance it than to reconstruct something that has been damaged.
Whether or not you fit this description yet, you can become this kind of woman. Instead of letting Jennifer’s story defeat you, let it inspire you.
The positive net worth woman is intentional and proactive:
- She knows her assets.
- She plans.
- She seeks advice.
- She is insured.
- She Budgets.
Let’s look at each of these qualities and learn from her.
As you know, an asset in the broadest sense is something of value. In the narrower sense, it is money or something that if you were to sell it would result in money. Common assets are homes, cars, boats, jewelry, gold, stocks, bonds, trusts, certain collectibles, and notes on loans.
Asset management is simply organizing and overseeing your assets in much the same way as you organize your home, family, and career. I want to remind you, by the way, that you are your biggest asset. You are the one whose mind and actions can produce more cash through smart asset management.
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