Well, then indeed you could follow LFS manual for installation of vital software that you'd need besides of the kernel.
Create root partition, create swap. Mount the root partition somewhere where you will be able to install other software, say /mnt/root. Enable swap (swapon -v /dev/XXX). Start getting and compiling packages now :)
Though, if you really wanna follow the whole process from A to Z, I do indeed recommend building n LFS system once. Just make sure you have a decent PC or a lot of time :)
EDIT: Actually, you say you're learning about Linux... If this is your first time installing any kind of linux, I'd still start from some seasoned distribution with more user-friendly installers ;)