Look up an unfamiliar financial term in the dictionary or research it online.
Assets are items that can be sold to generate cash. An asset may be a car, a boat, fine jewelry, an antique, or an investment such as stock in a company or your retirement plan. Make a list of saleable assets and what you think they’re worth (check Web sites like eBay.com or Amazon.com to see what similar items have sold for). Prioritize your list. Consider:
Be careful, though. You may be tempted to liquidate your retirement savings, such as your 401k plan. Doing so should be a last resort. Not only do you risk depleting — or wiping out — your retirement funds, you pay a significant penalty and taxes to withdraw the money early.