Trademarks, designs, blueprints, electronic art, song lyrics, patents and other forms of intellectual property are all examples of intangible assets. Intangible AssetsĪs the name suggests, intangible assets cannot be touched or held. A company’s inventory, heavy machinery and shipping fleet are all examples of tangible assets in a business setting. Everything from gold ingots to houses constitutes tangible assets. Tangible assets represent any physical item that can be used or exchanged for economic value. A few examples of illiquid assets include buildings, art and patents. Examples of highly liquid assets include money, bonds, stocks and accounts receivable. Liquid assets can be easily sold or converted into cash or a cash equivalent. Others have entered regular speech and are used by ordinary people. Some of these terms are primarily used in business settings by accountants. A truck represents a tangible asset and a fixed or current asset.

For example, a trademarked song is both an illiquid asset and a fixed asset. Many of these categories overlap and are used in different contexts. He even bought an entire house on eBay at auction, which came with bullet holes included.Assets are classed into several groupings. He inadvertently house hacked and was living in his own place for a whopping $138 per month! From there, he moved from his native Ohio to Texas where he got a full-time job, built his eBay flipping business, and never stopped reinvesting into rentals.Īs a side-hustle addict, Tom shares numerous stories about how he made (and lost) large sums of money by reselling on eBay. So, at age twenty-one, Tom cashed in some company stock to buy his first multifamily.

Raised by a real estate investor, he knew what cash flow could do to a nine-to-five worker’s life. For eBay resellers like today’s guest, Tom Brickman (The Frugal Gay), it’s all about finding the products that people love but can’t get a hold of anymore. Maybe your favorite pair of jeans from a nationwide chain suddenly disappeared. Maybe a type of makeup you liked got discontinued. You’ve probably bought something on eBay that was sold by a reseller.

Bigger pocket money podcast