DroidRazrKid, you are very very smart to ask questions before you proceed. The risks to permanently damaging your phone are too great if you try to root with the wrong method. With that said, don't try to do anything until you are very sure what is involved, whether it will work and the exact steps to take. Right now you have ICS on your phone which gives you lots of possibilities.
What is the reason you want to install cyanogenmod? Depending on the reason, there may be things that can be done that will accomplish the same thing while remaining stock. Let us know. We may be able to help you out.