Lesson Four

ELAR Level Four, Unit Seven: Expository Paragraph Writing

     LESSON FOUR

Please read the following expository paragraphs, paying particular attention to the facts and information given. The writer does not input her/his own feelings and views into the paragraphs.


We are usually taught that houses and cars are assets. Assets are items of ownership which we can convert to cash. However, unless we own them free and clear and don’t owe anyone for these things, then they are not really assets. True assets are things that put money in our pockets, not take money out.


A house and a car require monthly payments, property tax, maintenance, and insurance. A house and a car are considered liabilities until they are paid off and are bringing in more money (such as rental income or using the vehicle for your job) than they cost to maintain and to keep.

A vehicle is not a true asset.

        PRACTICE

Be sure to review if you have missed any of the above.