Investing is an amazing practice! Why not let your money work for you with using compound interest. Here at Ramsey Solutions we strongly encourage investing BUT at the right time.
When it comes to investing we recommend following the Baby Steps. The steps to make sure are 100% accomplished before investing are:
- Pay off all of your debt (except for the house)
- Have a 3-6 month emergency fund
These will help lay down the foundation of your investing. It allows people to have more money to invest while still having enough savings on hand to handle most emergencies. Once you have these steps done its time to begin your investing!