<prompt> Human: Hello finance managers of Reddit,Let me first introduce myself. Im a 24-year old grad student living in the expensive heart of Los Angeles, California. Being a traditional Filipino, I am still under the financial umbrella of my Mother and its going to stay like this until I graduate from my studies and I start my practice. Hopefully, then I can be the provider.Heres my scenario:I earn 2,200 per month net. The only thing I pay for monthly is car lease of 383 my haggling skills are quite questionable and 500 credit card expenses. So really, Im left with a reasonable amount of money. My mom is in charged of rent, food, and utilities. Although Im a little bit spoiled, I try not increase my financial liability.Roughly speaking, Im left with 1,100 a month. Quite frankly, I dont know what to do with it. Its all sitting in a bank and its not growing any marginal amounts. My thoughts are either:1. Invest 200 monthly on a Roth IRA Mutual Fund2. Save up enough money to start up some sort of business which I havent really thought about3. Or stupidly spend it without remorse buying electronics and indulging on unnecessary stuff.Really, why I ask is that not being pessimistic my mom wont live forever and I want to be prepared to when I will finally start paying my own bills. For now, I want to stick to the topic.What should I do?TL;DR - spoiled kid, mom pays for everything, have 1,100 sitting in the bank for nothing. What to do?Addendum 1: I see a lot of comments about my need to become more responsible and help my mom out with the finances. Although I do take that into account, I dont necessarily believe thats my biggest priority right now versus being a lot more financially capable in the future. Lets just say that my mom earns a respectable amount of income that is very much sufficient and comfortable for middle class living. I will help her out in the future, but as mentioned when I have a higher earning capacity.Addendum 2: albeit the confusing title post, I would like to be more specific. I am not saying that my family is rich nor am I anywhere near in the higher class status but I was referring to myself and myself alone. Relatively speaking, I am rich in a sense that I have 0 financial responsibility; but as the title says Im poor because really, 2,200 is barely anything in Los Angeles.  <response>: I would recommend taking this sub with a MASSIVE grain of salt, and worry about establishing yourself independently in the here and now before you even consider possibilities for investment.The priorities of people on this sub are set up in such a way that people have difficulty distinguishing between money necessary to ensure minimum quality of life, and capital available for investment. The line where that distinction can be made is different for every single person, but you are absolutely not yet at the point where your use of your income should switch from minimum quality of life to capital.When youre making such little money and havent gotten independence from your family, the short term costs and risk incurred by investing in any capacity outweigh the long term benefits you would be able to achieve. Your capital is non existent, and your returns will be non existent.Just start paying some bills. Take a few over and see how things feel after a few months. Only you will be able to make that assessment, not us. 