Types of Assets: Financial, Tangible, and Intangible

The tutorial explains how wealth is built through the accumulation of assets rather than just saving wages. It introduces the concept of assets, including financial, tangible, and intangible types, and discusses their role in generating future benefits. The tutorial uses an example of investing in stocks, bonds, and real estate to illustrate asset growth. It also covers liquidity, explaining how some assets are easier to convert into cash than others, and introduces the idea of passive income, which allows wealth to grow without additional labor.

How can passive income be generated according to the information provided?

Why is it suggested that accumulating assets is essential for building wealth?