Family Economics And Consumer Education 3 (2+1)

Lesson 03 : Management of Wealth

Components of wealth

Wealth is created or accumulated in different forms.

1. Fixed money assets: Savings, bank accounts, cash on hands, life insurance
2. Variable income investments: Stocks, shares, mutual funds
3. Real estate’s: Buildings, lands etc
4. Durables: Furniture and household appliances etc.
5. Automobiles: Vehicles like Cars, two wheelers etc.
6. Personal possessions which have value: Jewelry, costly clothing, sports kit
7. Antiques: Articles which have artistic and historical value, historical importance
8. Art treasures: Paintings, models