<klink type="prcdr">How do I add an asset to my lifetime plan?</klink>
</index>
<content>
<p>You can add assets that you currently own as well as those you plan to buy later.</p>
<ol>
<li>On the <emph>Planner</emph> menu, click <emph>Lifetime Planner</emph>.</li>
<li>In the left pane, click <emph>Homes & Assets</emph>.</li>
<li>Click <emph>Add Asset</emph>.</li>
<li>Click the type of asset you want to add, and then click <emph>Next</emph>.</li>
<li>Follow the instructions on the screen.</li>
</ol>
</content>
<footer>
<extend>
<tease>What types of assets should I add to my plan on the <emph>Homes & Assets</emph> page?</tease>
<reveal>
<p>Include major assets (such as homes, businesses, and real estate) that have a large impact on your net worth, can be sold to pay for your retirement or large expenses, and typically appreciate in value. </p>
<p>Don't enter less expensive items you own (such as furniture) or items that depreciate over time. In Money, it's best to add cars (and other depreciating assets) as expenses. <alink type="cncpt" href="learnaboutaddingcarsorothervehiclestomyplan.xml"/> You can also add current annual expenses to your plan. <alink type="prcdr" href="definemycurrentannuallivingexpenses.xml"/></p>
</reveal>
</extend>
<extend>
<tease>How do assets affect my plan?</tease>
<reveal>
<p>Assets often mean you'll have income or expenses that you have to account for (such as rental income, mortgage payments, or property taxes). Assets also give you a source for loan collateral that you can use to fund your financial goals. If you specify that you don't plan to sell an asset, you'll see how that asset affects your future net worth.</p>
</reveal>
</extend>
<extend>
<tease>Why should I link an asset to an account?</tease>
<reveal>
<p>When you enter an asset, Money lets you specify an account for tracking the value of the asset. This allows you to avoid entering information twice and makes it easier to keep your plan up to date. </p>
</reveal>
</extend>
<extend>
<tease>How do I enter assets I plan to leave to my heirs?</tease>
<reveal>
<p>Create an asset in your lifetime plan, but don't enter a sale. Your lifetime plan calculates your future net worth, including any assets you don't plan to sell. </p>
