SerWind: I feel like I may be stupid but:
Is it just me or is Burning Hands just way better than Magic Missile.
At level 3 the minimum burning hands can do is 7, compared to magic missile which does 4 at minimum.
Also it seems like my Pseudo Dragon familiar is a bit op with its knock down but people told me familiars were garbage. Was I mislead?
Magic Missiles is the de facto best level 1 spell. It can interrupt enemy spellcasting, it fires instantly, it is launched from range, both its damage and number of projectiles get raised with level ups, it deals pretty damage for 1 level spell, and with BG1's (double) ring of wizardry you can fire it to your heart's content; or if you dislike it, you do not have to choose, take all spells you want.
Familiars... Familiars are not ideal for combat. You do not want them dying on you! That is why neutral alignment ones are considered to be the most useful ones; highest AC/evasion, and thieving/scouting abilities. Put the poor thing is your bag and remember to pet and talk to it! That is its best utilization.