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Updated about 17 years ago,

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9
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0
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Eva Fox
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9
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Please, maybe someone can give smart advice .

Eva Fox
Posted

Hello All;

I am looking for the advice and I choose this forum, because my problems are close related to money management and investment.

To make very long story short, after the most dirty divorce I was left with nothing but condominium, and even this part is not sure yet, the quiet title is still in process. I am 56 years woman, and I did not work
for many years now, I am not having any marketable skills, etc,
all this means no income. Due to legal fight I have terrible credit and
70k debts.
All the above are bed news.
Now to a little bit better part. If quiet title will end up the way it should,
and I will sell the condominium, what I have to do, I will have about 400k
cash and will be debt free. Still no income and no place to live.
Holding money in the bank will generate about 1500, what is not much, especially in California, where I am.
Can someone give to me some idea what I suppose to do, does any really safe investment exist, which would generate more money ?
I am very wiling to educate myself, and I have a few months of time,
because I am still having some short term spousal support and place to live , which cost me only 300/month association fees.
Bankruptcy is not an option for me, due to equity in property.
I am paying minimum payments on my credit cards, but a year from now I will not have money for it any more, and this is why I think the sale is going to be the only solution, however it will be emotionally difficult. I had a small apartment abroad which I sold to lower my debts a little and to keep up with payments. Unfortunately I do not have anything of value left.
Any advice for older woman, how to make living out of 400k ?
I am thinking also about leaving the USA for some cheap country, however,
it is not what I want. I traveled a lot during my life, I saw these "cheap paradise" places and I really do not have desire to live
in any of them.
Can some good soul push me in to direction which might be right for me ?

thanks
e

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