If you read and understand the information on these pages you will have better financial knowledge than probably 70-80% of the population...

https://www.fidelity.com/retirement-ira/roth-ira

https://investor.vanguard.com/investor-resources-education/how-to-invest/risk-reward-compounding

https://www.investopedia.com/terms/1/401kplan.asp

https://investor.vanguard.com/investor-resources-education/understanding-investment-types/what-is-an-index-fund

https://investor.vanguard.com/investor-resources-education/understanding-investment-types/index-funds-vs-actively-managed-funds

Thank you stranger! Roth IRAs are one of the things I've definitely been interested in learning about, that and mutual funds, as I keep hearing alot about them. Ill get to reading!

Roth IRA is just the type of account. Think of it like a box. You put money in the box. For an IRA the money into the box comes from your bank account. For a 401k (another type of box you get from your employer) the money comes from your paycheck. Then, once money is in the box you have to buy investments (stocks, ETFs, mutual funds, bonds (probably not until you are older) with the money.

Should one have both an IRA and a 401k then? Is two boxes beneficial? I know a 401k is matched up to a certain percentage by your employer, so is it better to just put extra money into that account rather than opening an IRA and investing that extra money into there instead?

Yes, you should have both. General advice is to contribute enough to the 401k to receive the maximum amount your employer matches since that is free 100% return on your money. Then, max out a Roth IRA. If you can afford to contribute more money for retirement then contribute more to the 401k up to the max. The more money you get invested at the youngest age possible the better so your money has longer to compound and grow. At 21 years old, every $1 you invest for retirement now should grow to something like $20-25 over the next 40 years. Wait 5 years to start saving and every $1 will only grow to about $15.

Simple Path to Wealth by JL Collins. Great starting point. He also has his stock series at his blog that the book is based on.

Thank you for your help! Are there any tips you've recieved that have helped you with investing?

Thank you!

The ones I have already given you. Passive index funds. Keep the expense ratio low. Avoid annuities. Avoid whole life, variable life or universal life insurance. Avoid "advisors" that work for insurance companies and banks. Read the links I provided. Those will provide good education.

Thanks again!