Hi everyone!
Ive been broke my whole life.
Im about to receive the most money ive ever owned and im terrified to lose it. It's going to be about $8,000.
brief desciption of my current status:
2 kids.
No education or student loans
no credit cards or CC debts
I have bad credit (480) from unpaid medical bills when I didnt have insurance. Total cost about $7k
Im currently renting and pay $700 a month plus another 7 for child support
my income now is about $2,000 a month and it fluctuates
The only pro is that i live very frugal! I cook at home and walk or take the bus everywhere I dont spend my money on anything so the little bit I have left over is usually just in my checking account. Should i open a savings?
Ideas ive had to invest this money is
Stocks suchas index funds and real estate. Would I be able to put a down payment on an apartment or is that not enough money?
Another idea I had was to invest in a camera and finally start my own photography business but this is definitely a risk. Open to other business ideas!
I really dont want to waste this money , I know an opportunity like this doesnt come around often so any advice is greatly appreciated
Submitted November 30, 2019 at 04:14PM by winorlose29 https://ift.tt/2OZdonB
