What are Asset
Asset are properties that appreciate over time, surprising many don't know this but goes ahead in acquiring cars, expensive jewelries and home appliances all these depreciate over time but assets include Land, house, good business opportunities that appreciate over time like investment in Bitcoin one assert that most people are still struggling to come to terms with.
Nothing bad there to buy home appliances if you can afford them because they were made to help us make life comfortable. Where I have problem with is about how those with their first #1m would rush to go buy some expensive stuffs just to act big man instead of doing research on where to invest that #1m for potential returns after a year or more, which would then afford them on getting those luxuries at easy where they already have a lm investment in place that's surely giving them perennial or annual returns.