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  • Money Magazine

    Q&A

    Oct 28, 2020 7 minutes

    Ru and her kids have had a tough time and now she wants to know ...

    How to use $300k to make a fresh start in life

    Q I’m a 40-year-old single mum to three school-aged kids, and I’m renting and currently unemployed.

    I have $300,000 to make something of. I want to put about $150,000 towards a property we can call home and really want to invest $100,000 or so into something that could potentially bring some income. I’m open to starting a business or any recommendations you may offer.

    It is a fresh start from scratch for my kids after we lost absolutely everything due to their dad’s secret affairs and gambling our whole life away. We are now on our own with no belongings other than the clothes on our backs and money I will receive from a settled compensation.

    I want to do what’s best for our future with some guidance please.

    Ru, I know there is a whole lot of pain and distress that has led you to where you are now. I am so sad to hear about what you and your kids have been through, but delighted you have a fresh

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