Before going for a loan, you need to understand whether you can afford to repay the loan. If you take a risk without understanding anything, then it will never be the right approach. So you first need to understand whether you can repay the loan from the thing you are taking a loan on. There are many who take risks to invest by taking a loan, but they think separately that if the investment loses, then they can borrow money from somewhere else and repay the loan. If you have an income to repay the loan, then it will not be bad to invest with a loan. But
There are many who do not have the means to repay the loan, they invest with a loan. This will never be the right decision. If those who do not have the means to repay the loan, if their investment loses once, then they will be in a very bad situation and it will basically be like gambling with their lives.
Nice talk, but most people are who are not working to earn money or do anything for a living will still go to take loan, which they will find it difficult to pay back.
That is why it's important for them to always have something that they doing before they can take loan and take loan which they can be able to pay back and it's not always advisable for one to take loan for investment, because it can help one to calm down and do their work diligently without having the stress or thinking much on how they can repay their debt and this can also make them not to be able to achieve their long-term goals.