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I'm 23 and I want to make MY money work for ME. What should I invest in?

Roth IRA? Global Mutual Funds? Life Insurance? Just turned 23, just got my first real (salaried) job. I don't have much yet, but I want to be comfortable in the future. I've also got about $29K in student loans I need to pay off. Any tips would be useful. I'm meeting with a representative from Northwestern Mutual Financial Network later this week who is likely going to sell me things; should I listen to him?

Asked By: pshhh - 10/21/2008
Best Answer - Chosen by Asker
1. GET LIFE INSURANCE... More
Answered By: roseyjoey - 10/21/2008
Additional Answers (2)
At 23 I would put some money in a savings account for an emergency. As far as an IRA or Mutual Fund I would recommend a fund from a company that offers something based on the year you plan to retire. For example some places have a 2050 fund that invests in more risky things now and as your retirement year comes closer... More
Answered By: Luv2Answer - 10/21/2008
 
You're correct about the Northwestern rep...he will try to sell you insurance and other things you don't need. I would steer clear of him... More
Answered By: Bob - 10/21/2008
 
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