Equity allows investors to build long-term wealth by holding a stake (the amount of stock an investor owns) within a company. Being an investor, and particularly an early investor (or stakeholder), comes with risk.

Many of us read the Forbes list every year, seeing people like Rihanna's net worth listed at $1.7 billion or Dwayne “The Rock” Johnson's net worth listed at $800 million. More recently, Forbes reported that Tesla founder Elon Musk, the wealthiest man in the world, has an astonishing $256 billion net worth.

An asset is anything of value that you own that can be liquidated. Having assets is a plus and can come in handy in the case of financial emergencies.

Assets are valuable tangible and non-tangible items that you own. Assets can range from cash in a checking or savings account to a digital asset such as an NFT. All assets have monetary value, and sometimes their value will increase over time.