I have a red lump a few inches above my penis. its red, hard and hurts when i bend and put any sort of pressure on it. please tell me its not bad.

It depends: In a young adult with a red swollen tender mass, the first thought is an infection. Some infections are easily treated with antibiotics, but if it doesn't improve significantly within a day or two, an operation may be necessary. Sometimes, infections can progress rapidly, such as the "flesh eating bacteria". The best approach is to see a doctor early on.