To own something is, technically, impossible. Ownership is merely a legal concept used to decide who has the right to possess an item or thing.
Possession is apparent and true. I possess this tablet I am writing this post on. Legally I own it, but all I really do is possess it. If someone breaks in to my flat an steals my tablet, I will no longer possess it, but the thief will. Should the thief be caught, then the courts would decide who, out of the two of us, has the right to possess the item, or ‘own’ it.
If I were to truly own this tablet then I would be able to take the item with me when I pass on, but in reality we only ever really possess things, we ‘own’ nothing.
Take money for example. Do you really own the money in your bank account? All your bank account says is that there are so many pounds and pence in it. they are just 1’s and 0’s recorded on a hard-drive in a server out there somewhere. There are no 5 pound notes sitting in a vault with your name on them. Do you really own those 1’s and 0’s? If the server crashes and those 1’s and 0’s disappear, the bank will say you have nothing. Truthfully you do not even possess those 1’s and 0’s because you cannot hold them in your hand can you?
This may seem a little silly as an example, but when you get down to it, how CAN you own or possess something that cannot even be seen with the naked eye. You have to take it on trust that if you go to the bank and ask for the money that they say you have, that you would actually be given it, and we all know what happened with Northern Rock in the financial crash. They DIDN’T have the money to give to people even though the accounts of the customers said they did have it. So… do you possess, or ‘own’, your money?
You save up for retirement over 30 or 40 years only to find that either the Government or the company has rifled the accounts and your pension pot is next to worthless.
Also, if you have bought a ‘freehold’ house, you say you own the land that comes with the building. How can anyone own part of the planet? It was here several billion years before you were born, and will be here several billion years after you die, so how can you say you ‘own’ the land your house is on? Yes, the government and legal system says you do, but, again, it is just legal jargon for the sake of convenience. You may possess the house and land for the duration you live there because you have the keys to the front door, but you never truly own the land. No one does.
I could go on but I hope you get the idea. Ownership and possession are different matters, one is purely a legal matter, the other is fact for as long as you actually have the item in your hands.
And none of what you think you own or possess can be taken with you into your next incarnation!