Assets you own
Understand why productive vs depreciating: stocks → appreciate and pay dividends (productive).
In this lesson
Assets you own is part of Net Worth Builder. This preview shows how financial-independence connects to everyday family decisions such as earning, saving, spending choices, goals, approvals, or parent-guided money conversations inside Progress Penguin.
Think about this money choice
Imagine this situation: List your assets: bank savings 50000 in local currency, phone (current value 80000 in local currency), bicycle (current value 30000 in local currency), money owed to you by a friend 15000 in local currency.
How it works
Productive vs depreciating: stocks → appreciate and pay dividends (productive). Bonds → pay interest (productive). Business ownership → generates profits (productive). Phone → value falls from purchase day (depreciating). Car → depreciates annually (depreciating). Building a wealthy balance sheet means maximising productive assets and minimising holding of depreciating ones beyond necessity.
Apply it to a real decision
Real-life money moment: At 16, your asset inventory: bank account 30000 in local currency, investments (mutual fund) 50000 in local currency, phone 60000 in local currency, school supplies 5000 in local currency. Total assets: 145000 in local currency.
Activity preview
Connect the ideas
Use the lesson to complete this short practice activity.
Quiz preview
An 'asset' is:
List your assets: bank savings 50000 in local currency, phone (current value 80000 in local currency), bicycle (current value 30000 in local currency), money owed to you by a friend 15000 in local currency. Total assets?