This article is from the How to Start an Investment Program tutorial, author unknown.
Is Now The time To Begin?
Before you buy a single share of stock or invest in your first mutual fund, there are several things you should consider. The first and most obvious point to clarify is this: should you, at this point in your life and at this stage of your career, be investing at all? This may sound strange, but everyone who reads this is at a different point in life's journey.
Maybe you are just out of school with a spouse and young children. You've got this mountain of debt in school loans, and you want to borrow money from the local bank to purchase a practice that is for sale. Or maybe you have been out of school for a while, beginning to make some decent money, but your credit cards are all maxed out and Visa is taking their 18% off the top every month! Is this time to start investing? I don't think so.