By The Moneyist
I have a new lease on life’: I sold my business for $130,000. It’s the first time I’m not living paycheck to paycheck. What should I do with this money?
Dear Quentin,
I’m in my early 40s, and I have worked myself into a sad state of health with the stress of running my own business for 15 years. In April, I pulled off the Band-Aid and sold my shares for about $130,000. Coincidentally, the remaining balance on my student loan was forgiven.
I feel like I have a new lease on life, and I don’t want to squander this opportunity. I took a part-time job in a local coffee shop, and it is a no-brainer job that gives me some mental rest while covering at least my mortgage payments. I have $150,000 left on my mortgage with 7.3% interest.
