Asset Building 101: Things You Can Save For

You might be in a situation where you want to save up some funds, but you don’t know exactly what kind of asset will suit your needs. Sure, there are plenty of things that can make a significant investment, such as stocks and bonds. However, if you don’t have the capital needed to invest in such things, then your only option may be to save up for something you can afford. So what kinds of things can you buy if you don’t have a lot of money?


Vehicles are expensive, and new ones especially come with hefty price tags. However, that doesn’t mean that there aren’t affordable options out there. Used cars or trucks can allow owners to maintain an acceptable quality of living without the burden of buying a brand-new car and making payments on it. The price tag may seem like a lot, but the more time goes by, the less money will be owed as it becomes paid off in full. Just make sure to research your options and talk with some dealers before signing any contracts. Depending on where you live, a new or used vehicle can last you a long time if it’s taken care of properly.

Right now, the average new car is going for over $33,000, while a brand-new truck will cost close to $34,000. Used cars and trucks can be found in just about any price range. For example, on Autotrader, you could find something as cheap as $1,399 that would also provide you with more than 115 miles per gallon. That’s not such a bad deal when compared to the thousands they want for newer models!



Homes are also pretty pricey, but they last for a long time if taken care of properly. A house is not only an asset that you can enjoy living in and using as shelter, but it’s also something that usually keeps up its value over time and can be sold (if necessary) to make money even after years of taking good care of it. Plus, owning one’s home is a “be proud” factor many people look for when buying property.

On Zillow, you could find homes ranging from $950 to $2 million depending on the location and how big it is. Proper research should also help guide what any given area may cost so you know just how much your potential home might cost without worrying about overpaying.

Homes in popular locations like Las Vegas and Los Angeles are also a good investment since they’re more likely to increase value over time. There are several home listings in the hundreds of thousands for homes in those areas, even just a few miles away from Las Vegas’ famous Strip.

Just be sure that the potential future costs of living there are worth it, but don’t forget about how much you’ll make on your home if you decide to move! You can also use the home as a vacation rental while you decide.

Stocks /Bonds

Stocks and bonds are not things you can buy outright, but they are assets that generate money for their owners. While stocks are risky, the potential gains in this exposed position are worth it when done right. You need to do adequate research into companies before investing in any stock. On the other hand, bonds are more stable than anything else since they’re issued by a company or government entity that must pay out interest to get investors to purchase them.

Either way, knowing what you’re doing ahead of time is essential, so you don’t lose your initial investment or miss any chances of gaining money back when they arise! Today’s volatile market might scare some people away, but if managed properly, then it’ll work in your favor, and the time you put into it will be worth it.

Investment Club

Just because you don’t have money to invest now doesn’t mean you can’t invest. If your situation is temporary, there are options available for people who can save or invest their spare income now to make it grow.

Many banks now offer services like certificates of deposit (CDs), which allow you to put away some cash so that your money can earn interest for a certain amount of time. This method increases the amount of money earned over time without allowing the investor access to the funds until they mature. That means interest earned by putting it into one CD will not be added to another – instead, you’ll receive only the interest earned on that particular CD once it matures! Otherwise, you could open up an investment club with friends where each person puts in their share of money to grow into an even larger sum.

There are many ways to save up money, but this is just one example. There’s no right or wrong way to go about saving (and spending) your hard-earned cash, so use what you have available and make the most out of it!

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