Alright here is where I am at currently. I am 21 years old. My current "excess" money is about 800$ a month... that is money after i have payed all obligations that i have. I plan to be making considerably more money in the next year or so without much more going to bills and such.
I have a 1year CD with an APY of 3.25% that matures in June that i started with 9000$ in. I also have a RIRA with 5000$ in it for the year in a 3month CD with an APY of 2.9% that matures in December. And a checking account with ~1000$ in it.
I currently have no debt.

I kind of set this all up just so my money was not sitting in a low yield savings account but now i really want to get into investing and don't know where to go from here. What i think i should try and do first is get the RIRA invested into something better once it matures but i don't know what. I do plan on adding 5000$ to it every year. Is RIRA the best option but is just limited to 5000$ so my investments need to spill over into other areas?

Also from my limited understanding the best time to start investing would be pretty soon as a lot of things are really low.

Anyways as you can see I am pretty clueless. I really want to not have to worry about money ever and I am hoping if I start saving and investing now it will help.

Any suggestions of what to do with the money and where to do it will be appreciated more then I can explain in words. I currently feel lost and no one i know knows enough to make suggestions.

Oh i see...a 21 years old spent $800 month.. you spend to much shinymoney. I advice you to invest your money for your future. Nobody expects NEVER to get a raise or earn more money. They may not believe that this could happen any time soon at their current job but certainly they realize that their life’s ambitions are not limited by their current situation. Unfortunately when they sit down and attempt to map out a financial strategy to get ahead they usually forget a basic fundamental economic principle. Learning new skills always means the ability to earn higher wages.

Trisha Rich
www.learntoberich.com.au

Investing $800 for your future will be a great and wise idea.

I think you're in the right track. Planning where to invest your money (no matter how huge or small the amount is) really is a good way to start off. Let me quote this passage from a website I've been visiting:

From Investing for the Times of Your Life

There's a lot of information in the article which might help you.

My suggestion is that you research, research, research, and when you think you are done, you research some more. You want to see all of your options for the stock market. Take a look at online brokerages. Call your local bank and see what they suggest. Call a stock brokerage that is local to you.

If you are considering an online brokerage there are many out there. Some of the brokerages online offer good start up plans such as 3 free trades or 6 months free AOL service.

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