Loan - To Take or Not to take?

I've been toying with idea of taking out a loan.


If you are wondering what the loan's for; let me put them in bullet points!

• Clearing up my credit card debts - not a huge amount; nonetheless, a debt,
• Securing my children's future by investing in a one-time payment investment-insurance scheme,
• Buying a two-wheeler - this will definitely help bring down our expenses in a big way.  When we (wife and I) considered our expenses on auto-rickshaws, it comes to some 4k to 6k per month!  With a two-wheeler, this could easily be brought down to 1K to 1.5K per month, the rest can be used for payment towards the EMI for the loan.
• Invest upto 70% of the said loan in new land purchases or building a house on our plot of land.

Basically, that's it!

I've talked with some friends and family over this topic and everyone agrees. 

It's every parent's dream to own a house, secure their children's future etc.  Me too!

After 5 years of being married, in hindsight, I've not achieved any milestone yet. I need a change - in my approach to financial independence and security.

My friends and I reasoned that every business builds on credit.  Any business not worthy of credit is not worth your time or money.  And, so is an individual.

I've always been almost scared of having debts.  I thought only failures have debts!  How wrong!  Only people who are positive in their outlook, know their own (credit) worthiness, have good self-esteem have the guts to take on loans and debts.

The meek and the ignorant play safe with average returns!

I want to break free from average.

Am I doing the right thing?  Should I take a loan? What would you do in my situation?  Open up like I just did to you!