Before you decide to invest in stocks, it's helpful to have a basic financial education, including understanding the following broad topics:
â¢ Banking and budgeting
â¢ Credit and debt
â¢ Income planning
â¢ Risk management
You may want to wait until you have paid off your debt and have an emergency fund in place before investing in stocks. Using disposable income or income you've specifically dedicated for investing can help you avoid financial ruin if the stocks don't perform how you expected.