Hey guys, I'm a 20 year old Accounting/MIS student (on loans) who's pretty good at managing his hard-earned money. Lately after reading a book about millionaires, I've been clueless about how I should spend my money. Here are my three options: Stocks through E-Trade I'm thinking of investing money into the energy sector...but I haven't learned about stocks yet and would need to teach myself. High risk but can be very rewarding and can learn alot from this experience. IRA-Individual Retirement Account Start investing into my retirement. Let it build interest and enjoy my retired years. Spend the money and enjoy my last years of college. I've been budgeting for a bigger HDTV especially after getting a PS3 and surround sound. Going out to the bars when I turn 21, having fun, having a girlfriend, drinking, trips....you know, enjoying your college life before the C word (Career) and family comes into your life. Option 3 sounds most tempting and I know that I wouldn't ever overspend. I create budgets for everything (food, rent, social, new a/v, investment). If I were to go with option 3, I would invest 20% of my low college-income into a savings account. So, what would you do if you were me?