11 Most Important Assets That Will Increase Your Net Worth in 2023

Owning Your Primary Residence Homeownership ranks among the most common ways people gain a substantial increase in net worth.

Second Home Second homes are a savvy way to earn passive income via short-term rental platforms like HomeAway, VRBO or Airbnb

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Retirement Saving Retirement might be decades in the future, but saving now can enhance your net worth.

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Education You might not have thought of it this way, but your education credentials are among your greatest assets.

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Rental Real Estate When you use the bank's money to acquire rental properties, you're effectively building your net worth.

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Health Having good health is a critical asset to building your net worth. It allows you to work more hours

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College Saving Many parents assume ownership of a 529 college savings plan for their children, which increases their net worth until it's time to use the money for school.

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Maintain Your Home Because your home is likely one of your largest assets, it makes sense to invest in maintaining it.

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Investment Investing can be a good income strategy, but it's not a sure thing. Take the time to research investments before you commit.

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Household Item You might not consider a new refrigerator or laptop a way to boost your net worth but consider the big picture.

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Private Lending Being someone else's bank allows you to generate passive income that can boost your net worth.

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