Wealth creation means anything which could be owned and controlled, and have monitory value or have the potential to create the monitory value. 
Assets could be tangible like a car, house, furniture, machinery etc. or intangible like goodwill, copyrights, patents, trademarks etc. For a company, 
the land, the building, machinery, inventory etc. are the wealth creation strategies. But the employees are not assets, though they have the potential to 
create monitory value. Employees are not assets because the company don’t own them or have sufficient control over them. They are called as 
resources of a company. 

Some great people who understand finance in great depth see assets in a different way. For example: the author of world famous book, rich dad poor 
dad, Mr. Robert Kiyosaki says that, anything which gives profit is an asset and others are liabilities. Wealth creation example: the house in which an 
individual life is his liability as that individual is not earning anything out of it, instead, he is paying for its maintenance and may be loan EMIs. This 
house will behave as an asset when that individual sells it with a profit. A house which is giving rent in the pocket of the owner is an asset which can be 
termed as one of the best ways of wealth creation strategies and tactics. 

In accounting, Assets = Liabilities + Capital. Assets are seen as current assets (have cash very handy; liquid assets) and fixed assets 
(property, plant, and equipment; PPE). Assets can be classified as one of the type of creating wealth for long term or as a part of your retirement 
planning.