Living on Capital..

alyth

this is kind of me just thinking out loud - I work for what can only be classed as total !!!!!! of a boss, but he went to one of the "right" schools in Scotland, and as such he falls back on his network of friends all the time. Are you able to do this? If you have £16k left if income then you are stuffed - I've just come into £50K and the most I can get from this each year as a max is £2500.

Well done on your possible job. I'm also extremely wary of going to anyone to invest my money for me, in the end I went to my mother who turned £100K into £250K in 5 years of my dad's redundancy money - want to borrow her! Seriously though, nuture your network of friends, and as an aside, never try to be someone you're not - be yourself, don't set yourself up for failure as you seem to have done in previous jobs.

Good luck.

CFC

You have 16k left, it's time you learned the value of money and started with a new concept to you called 'budgeting'.

This means not spending more than you absolutely HAVE to. You need to decide that you will touch no more of your stash of cash and live off what you earn. You have no mortgage, get a lodger, or sell your house and buy two flats, one to live in and one to rent out. That combined with your job should see you through. Have you signed on when not been working, not from the prospect of benefits now but for your state pension, or are you looking forward to having nothing coming in but Income Support once you are 65?

You are in a bad situation and need to focus on SAVING money to build up your finances again.

Start here:

http://forums.moneysavingexpert.com/forumdisplay.html?f=33

and then move on to here - you may think you have no debt, but you do...you have a debt that you owe to yourself and you need to start paying it back into your savings account!

http://forums.moneysavingexpert.com/forumdisplay.html?f=76