<prompt> Human: Im a 22 year old father of a young child. I split custody 5050. Right now I have no debt, and after paying for all my expenses each month Im saving about 500 a month, with about 7 grand saved up. My question to all of you is what is a way I can invest some money safely to turn my money into more money? My parents were never very skilled with money and I really have very basic understanding of all this.  <response>: I would like to say I agree with the lazy portfolios post by ubrunnock, but you may want to also invest inside an Educational Savings Account ESA for your child, it is a form of tax sheltered money specifically earmarked for education. 