Savings and Investment Vehicles

Vehicles? What does that even mean?

Any time you hear the term "vehicle" you only need to think product or service. A savings account, a ROTH IRA, and a brokerage account are all considered vehicles. 

In your lifetime you will most likely encounter dozens or even hundreds of different savings and investment products. The reality is that we will all probably only use the ones listed below. It is important that you learn about each of the vehicles listed below because these are the most utilized products in the creation of wealth and passive income across the country. The specifics of each of these products is beyond the scope of this particular module.  We do encourage you to continue to explore the the way various saving and investing products you may be offered work. 

 

The Basic Types of Products
Savings	Investments
Savings Accounts	Bonds
Money Market Accounts	Stocks
Checking Accounts	Mutual Funds
Certificates of Deposit (CDs)	Real Estate
IRA (Individual Retirement Account)	Commodities (Gold, Silver, etc.)