http://www.LifestyleBook.com/real-assets I was trained as a Chartered Accountant (CPA) and I still hold that qualification. I also have a first class honors degree in Accountancy. So you could say I was well qualified to give advice on accounting. However, what you are taught in: • School accounting classes; • Small business classes; • University accounting classes; • On the job accounting and book keeping; is almost exactly the opposite of what you and I need to know about our own personal finances. For you and I accounting for our own personal finances is simple: A real asset is anything that: • Puts money into your bank account; or • Increases in value; or • Is cash; or • A cash equivalent. A liability is anything that takes money out of your bank account.
