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Should I sell to invest
Annie0707
Posts: 12 Forumite
I have never posted to a forum before, so please bear with me.
I partially inherited my home when my parents died several years ago, I had to mortgage it to complete the three way division of the estate, so I owe £88k on the house which was valued at £270k 6 months ago.
I'm a nurse working part time and a single mum of 4 children. My earning potential is low due to the high cost of childcare. I am barely making ends meet, with no savings and very little left for non-essentials. I want to provide a better life for my kids.
My house is a great size for five of us and is in a good area. However, I am seriously considering selling my house to make my money work for me. I think that I could use some of the money to start a small business and invest the rest.
My friends and family are horrified that I would even consider selling my house, I would like advice from knowledgeable people who have no emotional connection.
What do you think?
I partially inherited my home when my parents died several years ago, I had to mortgage it to complete the three way division of the estate, so I owe £88k on the house which was valued at £270k 6 months ago.
I'm a nurse working part time and a single mum of 4 children. My earning potential is low due to the high cost of childcare. I am barely making ends meet, with no savings and very little left for non-essentials. I want to provide a better life for my kids.
My house is a great size for five of us and is in a good area. However, I am seriously considering selling my house to make my money work for me. I think that I could use some of the money to start a small business and invest the rest.
My friends and family are horrified that I would even consider selling my house, I would like advice from knowledgeable people who have no emotional connection.
What do you think?
Should I sell? 1 vote
Yes
0%
0 votes
No
100%
1 vote
0
Comments
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This is a duplicate thread.
See https://forums.moneysavingexpert.com/discussion/5652658
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