You cannot start investing until you develop the ability to live below your means, saving money constantly. It is that cash - the surplus you save - that provides the funds for you to invest in stocks, invest in bonds, invest in mutual funds, invest in real estate, buy savings bonds for your kids, or invest in small businesses, such as acquiring limited liability company equity.
If you are drowning in credit card debt, pay it off before you start buying stock through a brokerage fund. If you are falling behind on your car payments, pay it off before you start picking up silver coins. You cannot get ahead in the investing world if you are leaking cash everywhere else in your life. Get your financial ship in order, get financially strong, and then start investing.
There is no better way to reduce the risk you already have than lowering your fixed payments and debt levels.