Broke, in debt, and behind 9 months on mortgage on my house.

[Ahkeem Smith]

I’m trying to decipher whether I should sell my only house after 1 horrible year financially for me. I started a forbearance plan back in August of 2020 and it ends on September 30th 2021. I quit my job last June to help my wife with our 5 children at home and decided to trade stocks but didn’t make as much as I anticipated. Since I am behind so much on mortgage and accumulated a few thousands in debt what’s my best option to start over?

[Chris Szepessy]

Have you started another job yet? That would be the first thing I would do, then yes, I would most likely sell the house and use any equity you have to pay off your remaining debt and then rent for a while until you get back on your feet. Trading stocks is a risky game to play where I think most people lose money, but you usually don't hear those stories.