What is the best way to make your money work for you..complete novice? -

I am actually earning enough to save money now, so I am a complete novice. What is the best way to make my money work for me just like Rich Dad, Poor Dad said it should do.|::::|A good rule of thumb for investing and saving. Take your age and subtract it from 100. Up until you are 50 you will want to take the larger portion of the difference and put it into high risk/reward investments. Such as stocks mutual funds Vegas (just kidding). And the Smaller portion of the difference in low risk/reward investments. Government bonds (savings bonds) IRA s CD s etc. The point of this is that while you are young if your high risk investments happen to take a big shadoobie you still have time to bounce back. However when you are older your chances of recovering are not as great. so when i am 25 i would put 75% of my disposable income into high risk/reward investments and 25% into low risk/reward investments. When i am 75 I would put 25% of my disposable income into high risk/reward investments and 75% in low risk/reward investments. Make Sense? All the while you should be adding to your 401k. That is a great investment because you are guaranteed a 100% return. Now a good way to manage your CD s is to ladder them take a look on any investment site on how to do this it will allow you to have a continual source of income whether you roll your interest earned back into the cd or if you stash it in the shoebox under your bed! Hope I was a help. This is just a start, be creative, be smart, and live a long prosperous life. |::::|I would like to suggest to you that you make a mental distinction. With your question you may get answers as to quot;Whatquot; you should invest in. But more important you need to determine and understand the quot;Howquot; to invest. Starting out Dollar Cost Averaging works very well. Learn about asset allocation and re-balancing. That improves return as well. Diversify. Invest in mutual funds and index mutual funds for large diversification starting out with small sums. With taxed money, not tax deferred or pretax retirement money I suggest to have any dividends and capital gains a mutual fund pay be sent to you, to your checking account. This does two things IMO. It rewards you for saving. It establishes that relationship that says saving money makes you richer. It also pays you so if you keep saving it costs you less all the time because it is paying you more as you save more. So REWARD YOURSELF for saving. Then later as you learn and your portfolio grows you can take more risk and invest more aggressively with quot;somequot; of your money. Like with individual stocks. But if relatively young, as I suspect, you have a lifetime to learn and grow your money. Good Investing to ya. |::::|save your money ,don t buy thing,s on impulse ,if your trying to get a credit card (Visa,mastercard) save it for things you,ll need like car repairs and stuff like that ,don t by every thing on credit even though it might look easier to do because the credit can come back to bite you.|::::|Hi Pandoras, If you re looking to make your money work for you, here s something you absolutely would love! No experience whatsoever needed too! What s more? You can create wealth on complete autopilot! I know it sounds like too good to be true and many people would dismiss it without realizing that things that are too good to be true can be true =) Like man can now fly in an airplane... Too good to be true? I ve been making money online for years now. I can tell you that this is for real, and you would really want to get your hands on this before the one-time payment deal turns monthly! Here s the link: http://ForexTurbo.SweetRiches.com It s an improved version of Forex Autopilot @ http://Forex.SweetRiches.com which by the way is already performing great (I know so as I use this too)! For more ways to make money online, you are most welcome to pop by my humble lens at http://squidoo.com/easyways Cheers to Your Success! Patrick aka the Homely Dad|::::|Pinky Stocks. TOFS.pk is about to explode TOOO DAAAAAA MOOOOOOOOOOOOOn on the launch bad ready for lift off as soon as the MMs finish their consolidation pattern and allow for the MM50 to cross the moving 5 day average we ll see an EASY run to .0017 -.0021 before we hit plateau and mid-day sell off begins just in time for the EOD rebound to an easy .0026 ..........|::::|All of that jargon is why I didn t learn investing myself. Learning curve is too steep. So I went with a company that automates the trading for me in the Forex market. In November I got 18.7% ROI on my investment.