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B#llocks!
An asset is anything that puts cash in your pocket and leaves you cash positive – nothing else!
I.e. Your house is the bank’s asset unless you rent it out with a positive cash flow after expenses, where it thereby becomes….an asset!
An asset doesn’t necessary generate income on a continual basis. Anything that theoretically can be sold is an asset. Even a car, which loses value over time is considered a depreciating asset.