Personal Investing Vehicles I Use

Capital One

Type: Bank

Why I use it: Savings + Business Banking + Checking

Money Market account generates 2.1% interest

PayPal

Type: Financial Services

Why I use it: Online transactions

Websites like eBay pay me through PayPal following a sale.

TD Ameritrade

Type: Investing

Why I use it: Roth IRA & Standard investment accounts

I use TD Ameritrade to buy & sell stocks in a Roth IRA & personal investing account.

Roth IRA definition: "A Roth IRA is a retirement savings account that allows your money to grow tax-free. You fund a Roth with after-tax dollars, meaning you've already paid taxes on the money you put into it. In return for no up-front tax break, your money grows and grows tax free, and when you withdraw at retirement, you pay no taxes." [Source]

Stockpile

Type: Investing

Why I use it: Stock investing

I like Stockpile becuase it lets me buy fractional shares of stocks & I can use PayPal to buy stocks.

Robin Hood

Type: Investing

Why I use it: Stocks + Crypto investing

Robin Hood is the "millenial investing app" that lets you quickly & easily invest with no fees!

Venmo

Type: Financial Services

Why I use it: Transfer money between friends

I use it to send & accept payments from friends & family.

Suntrust Mortgage

Type: Financial Services

Why I use it: Mortgage

When I bought my home I got my mortgage done through Suntrust.

FanDuel

Type: Daily Fantasy Sports & Online Sports Book

Why I use it: NFL Daily Fantasy Sports Betting

I use FanDuel for Daily Fantasy Sports (DFS) every NFL season (I've won over $1,000 per season on average over 4 years).

Paychex

Type:

Why I use it: 401(k)

My 9 to 5 job offers 401(k) through Paychex (no matching, unfortunately).

401(k) definition: "A 401(k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out. Taxes aren't paid until the money is withdrawn from the account." [Source]

Vanguard

Type: Financial Services

Why I use it: IRA

My IRA is through Vanguard. I pick mutual funds & deposit money once a year.

IRA definition: "IRA stands for Individual Retirement Account, and it's basically a savings account with big tax breaks, making it an ideal way to sock away cash for your retirement. A lot of people mistakenly think an IRA itself is an investment - but it's just the basket in which you keep stocks, bonds, mutual funds and other assets." [Source]

Fetcher

Type: Amazon Profit Calculator

Why I use it: Fetcher tells me the value of my inventory sitting at Amazon fulfillment centers

It's a quick & easy way of staying on top of how much money I have tied up in inventory that's sitting at Amazon.

Navy Federal

Type: Financial Services

Why I use it: CD

I'm using Navy Federal for a CD, I think it was 6 months @ 3% return.

CD (Certificate of Deposit): "In exchange for depositing your money into a bank for a fixed period (usually called the term or duration), the bank pays a fixed interest rate that's typically higher than the rates offered on regular savings accounts." [Source]

Coinbase

Type: Financial Services

Why I use it: Investing in Cryptocurrency

I use Coinbase to buy Bitcoin.

Cash App

Type: Financial Services

Why I use it: Investing in Cryptocurrency

I also use Cash App to buy Bitcoin.

Amazon Seller Central

Type: Passive Income Generator

Why I use it: Amazon FBA stores my inventory & fulfills orders when customers purchase from me

Inventory that isn't sitting at Amazon, I still have to account for somehow. When I log my finances, this is where I account for inventory that is being produced or shipped.