UPDATED: July 27, 2021

When you are looking to make it big in the world, there are thousands of ideas that can float around your head for how to make money. Whether you want to be an entrepreneur and invent something revolutionary or work your way up the corporate ladder, there are options for everyone. However, the most successful and wealthy people in the world are smart and realize they need to diversify to see real growth. 

The way that the rich get richer is by investing in assets. Assets that make money can sit in the background working for you without you needing to lift a finger. If you are smart when choosing your assets and manage them carefully, you could be on your way to the top just because of a few carefully calculated investments. To help get you on your way to smart asset buying, let’s start with the basics. 

What are Assets?

Before we look at the best assets for you and how they can make you wealthy, we need to take a step back and look at what an actual asset is. The most basic definition of the term is any given resource that holds economic value to the owner or others. With this very vague definition, it can be somewhat difficult to imagine what is and is not an asset. 

When people think of assets, the first things that generally come to mind are cash, property, stocks, and any other thing you have ownership of that is worth money. With assets coming in all shapes and sizes, it is hard to put a concrete label on all of them with their differences. When you are looking at how to build assets, you need to think of something you can buy now that someone else would be willing to pay money for in the future. 

Let’s consider stocks. While they are not a real object that you can hold, they are certainly assets. A stock gives you a partial stake in the wins and losses of a company you invest in. If you buy stocks at the right time, you can see your assets increase in value and then give you more money in the future. With something like a home, you could buy one for cheap then renovate it for an asset that is now worth much more. 

The Important of Assets to Your Wealth

When picking assets to make you wealthy, you have to consider your options when choosing them. A popular asset for those who want their money to grow are known as income generating assets. What these assets do is allow you to pay an initial investment and then see that asset grow and create more money with time to make you wealthier. 

If you were to take your money and just put it in a savings account until retirement, it would only see a very minor amount of growth. However, if you take small amounts of money and turn them into assets early on, you can watch as they grow and increase in value for your future. Investing in assets is what has made million and billionaires their fortunes as they carefully bought and sold assets when they peaked in value. Let’s look at some popular assets you can invest in for future wealth. 

Best Assets to Increase Your Wealth 

1. CDs

Certificate of Deposits, or CDs, are one of the safest and easiest to work with assets you can get involved with. What these assets are can be described as a savings account that you don’t have access to. When you put money in your standard savings account, you put in and take in money whenever you want while you generate a small amount of interest. 

When you get a CD, you are putting money into an account that you are not allowed to access for a certain amount of time. This allows the bank to use your money for longer to help them and it helps you because they give you higher interest rates on your money. If you want to put money away for the far future and want it to grow while doing so, a CD is a great option. 

2. Real Estate

If you are looking for a more high-ticket asset to get involved in, look to real estate. Real estate assets can yield you very high rewards if you are smart with your investments and buy at the right time. When you buy a piece of land or property, you now have a physical asset to your name that can later be sold for a higher profit. 

If you are not ready to commit to everything that comes with private real estate ownership, you can also look to a real estate investment trust. An REIT is essentially like a stock for real estate where you pay money to have a certain share in a larger firm’s real estate investments. You are essentially buying assets that are managed by others and then send you part of the profits when they make money. 

3. Bonds

One of the most diverse assets you can own is a bond. The easiest way to think of a bond is like letting a large company or entity borrow some of your money now and they will return it later with some added interest on top. Bonds are similar to stocks in the sense that you are almost investing your assets in a company, but bonds do not see the crazy highs and lows that stocks do. If you are looking for a mostly safe bet, bonds are a good place to start. 

4. Product Creation

If you are filled with the entrepreneurial spirit, creating a product or brand could be right up your alley. For most other assets, you are investing money in hopes that another business will do well. When you make your own product, you are responsible for that asset and how well it does. Owning a company or brand requires lots of work but it can be a very powerful asset to have under your belt. Companies like Amazon, Facebook, and PayPal were all started by individuals looking to create assets that would one day blow up into what they are today. 

5. Stocks

If you are looking for some of the buzz of Wall Street, you can test your luck and planning with stocks. When you buy stock from a company, you are essentially becoming a small owner of their success. When they do well, you can get dividends as a bonus where the companies send you checks for being a shareholder with them. While stocks and the stock market are always shifting, it can be an asset worth looking into for high payments. 

6. Royalties

Anytime you hear a song played on the radio, someone is getting paid because they own the royalties to the song. If you buy or create a royalty when it is small and rising, you could potentially see massive growth in value if the song takes off. You can buy royalties off of old music, new music, and anything in between that you think could go up in value and make you more money. 

7. Rental Housing 

Rental housing has lots of potential for investment, but it’s definitely a tricky one. When you rent out your property to someone else, you can generate a passive income stream as you are paid to essentially have someone else living in your property. However, there is a decent amount of risks and other financial considerations to remember when renting out property. If you can get good tenants who pay a decent price, renting property can often help the asset pay for itself with time. 

Making the Most Out of Your Assets

Now that we know some assets to look into investing in, you need to understand how you can make the most out of them. Buying certain assets and just letting them sit will often lead to disappointing growth and won’t make you very wealthy. Understanding the liquidity of your assets is important too. 

A liquid asset is one where you can sell the assets relatively quickly and get cash in return. The most liquid of any asset is cash because it is worth its own value and is easy to access. An asset that is not very liquid is something like property. Property may have a very high value, but it can take weeks or months for property to be turned into its value in cash. Make sure you diversify your assets so you can always have money to work with. 


With so many assets in the world for you to invest in, there is a lot that can make you wealthy. Whether you would just put your money on an asset that will slowly grow or want the buzz of high-valued stocks, there are assets for everyone. When you invest smart and get the assets you want, the sky’s the limit.