I'm 20 years old.. and recently I've been having some irritation down there. At first I thought I had maybe cut myself while shaving but upon further inspection.. I noticed a little white bump just above my and below the hairline. It looks exactly like a pimple/ whitehead. I've tried squeezing it and clear liquid comes out of it and it won't go away. I'm just curios to know if maybe I shaved to close and its only an ingrown hair.. or if its something else bigger that I should worry about. I also think I'm pregnant and maybe my hormones could be messing with my body.. but considering if I am it will be my second child, and I did not experience this with my first. Please help?

Going to state the obvious here but have you been checked for STD's?

Other than that I would assume an ingrown hair... is the area around the white bump red and inflamed?
Usually when I get an ingrown hair I will have the white lump, but the area surrounding it will be slightly red due to the irritation of the hair trying to push out but can't.

That has happened to me also. I've had the little white bump, however mine always did turn out just to be ingrown hairs...

Yes if you shave down there, and do not put like lotion or even bikini bump cream. Then you will get ingrowns hairs, which can be big blisters, or small zit looking things, they can hurt, or may not have any feeling.
Just keep an eye on them.