3. Evaluate your financial situation: Evaluate your current financial situation, including your income, expenses, debts, and savings. Determine how much you can invest without affecting your other financial obligations.
This is where we're telling that people should only invest what they afford to lose. Because when someone's too hype, they're forgetting things like those savings that they've got that are allocated for other things and the debts that they have to pay first before investing.
Other thinks that it's okay to have a debt while they're invested. They don't realize that they're just getting something from their investments which they're also going to pay to their debts.
In any type of investment, one should always consider his financial condition first before he takes another risk in losing his money. So if you think you’re not yet capable to invest and lose, then it’s better to delay your investment plan. Otherwise, taking a debt is a clear manifestation that you are already losing before you make profits in your investment.