text: First, pay off all short term debt. If you have a credit card interest rate of say, 21%, that's an instant tax-free return of 21% per year on your money.\n\nNext, if your company has a 401(k) with matching funds, fund your 401(k) to the maximum match amount. Free money is good.\n\nIf your company doesn't have matching funds, then fund your Roth IRA to its maximum ($4,000). Tax-free growth is good. I'd go with a no-load, low cost mutual fund company, like Fidelity, Vanguard, or T Rowe Price. If you have money left over after you've funded the 401(k) to the maximum match, do this step with the extra money.\n\nIf you *still* have more money for long-term investing, go back to the 401(k) and invest in that up to what you can afford.\n\nAnd get yourself an elementary education in personal finance. You're going to get a lot advice here, and you won't know who to believe. Well you can believe this: no one is going to care as much about your money as you are. No one is going to watch it as closely as you are, especially someone who's got multiple accounts to look after. So get yourself a foundation, so you'll know if someone is actually giving you good advice or not. Personally, I recommend "The Only Investment Guide You'll Ever Need" by Andrew Tobias. It'll give you an overview of everything you need to know (stocks, bonds, real estate, insurance, etc.). Then you can decide if you need a deeper education in anything. Good luck!