Which of the following is a necessary element before starting to invest?

Having a proper savings plan is critical before starting to invest because it establishes a financial foundation that is essential for successful investing. A savings plan allows individuals to have a clear understanding of their financial situation, ensures they have an emergency fund in place, and creates a buffer to cover unexpected expenses. When individuals prioritize saving, they can allocate specific amounts toward investments without jeopardizing their financial stability.

In contrast, active credit card debt, irregular income, and high-risk investments do not serve as necessary elements for beginning an investment journey. Active credit card debt can generate high-interest expenses, which could undermine the benefits of investing. Irregular income can lead to uncertainty in cash flow, making it harder to commit to consistent investments. High-risk investments, while they may potentially offer high rewards, are not essential for a successful investing strategy; rather, a focus on building savings first provides a safety net that is crucial for wise investment decisions.