When most of us think of assets, we think of anything we own.

The opposite of assets in most people’s mind is therefore anything we owe, these are our liabilities.

The problem with these definitions, especially when thinking about Financial Independence, is that they are not particularly helpful to us.

Why might that be?

Well, there are many things that we would typically describe as assets, that do not really help us on our way to Financial Independence.

When Are Assets Not...