What are the best ways to invest money?

If you don't have investment education, you only have a very limited amount to start investing, but you recognize the need to start the process, I recommend you start with a very low rate index fund to invest in stocks and bonds. Connect online to find the lowest-cost indexed fund (lowest rate) and start regularly investing what you can afford. Vanguard, Schwab, and Zacks offer indexed funds at low rates. There are also many others. Choose one that has extensive market exposure to minimize risk. My IRA is reversed with Zacks Intelligent Portfolios, where they are automatically allocated between a large group of funds and reassigned as needed.

In the meantime, start learning as much as you can about stock and bond investments. Vanguard has very good free online information that you can use to learn about stocks and bonuses. Education is the key to all types of investment. Start educating yourself now. Knowledge is power.

Why indexed funds? Because they don't try to beat the market (a game of losers), they only strive to match it by distributing purchases among a large group of funds and, because they are computer-machined, their costs are very small. They don't have to pay for high-wage stock collectors who are most often highly overrated. Extensive research shows that trying to beat the market, in the long run, is statistically highly unlikely, if not impossible. Warren Buffet, the most famous equity investor of all time, says the average investor should invest only in indexed funds, where risks and costs are minimized. The gains will not be spectacular, but they will be constant and regular and provide some protection against disadvantages. Time is your friend as your investments increase in value.

As you develop your investment knowledge and skills, and as your salary and maturity as an investor improve, you may want to consider real estate. I particularly like single-family residences, where I have had very good success that far exceeds stock and bond yields, but requires some work, expertise and management skills. However, it is not as easy to buy and sell as with stocks and bonds and requires a substantial down payment. Stay long-term and let tenants pay their mortgage and other expenses.

In all cases, you should know the taxes of any investment you make. It's not about how much he makes, it's about how much he can stay. Good luck starting the process of investing in your future by making smart investments now, so you have a financially secure future and can retire comfortably.