Dear Quentin, I am a 56-year-old divorced woman who has raised four children as a single parent. I made the decision at a young age to give birth to all of my children, and I was the sole provider for the family for over 20 years. Now, after my children are all grown, living their own lives, I’m left with no golden life to look forward to.
All of my life, I’ve missed out on every opportunity that came my way. I don’t want to be the person who never tried. At my age, I believe it would be devastating to just grow old and die, not having succeeded at something at least once, but if you think it is an unintelligent choice to use my life’s piggy bank, per se, I want to know it.Dear Divorcée & Inventor, You have raised four children as a single parent. You are a winner.
There are other ways to raise money and trademark your intellectual property, if that is indeed required in this case. Finding a job would help you avoid dipping into your savings. It’s great that you have $30,000 saved, but this should also be treated as an emergency fund rather than a “last-chance saloon” for your patent ideas. Plus, $20,000 sounds like a very modest sum for what you have in mind.
I caution against putting money on a credit card, especially given that interest rates are so high and — crucially — you have no other source of income. For others who have a retirement account like a 401, think twice before raiding that, as there will be penalties — and if the product/business does not work out, there will be a big hole in your retirement savings too.
“Why not get a job that helps you develop these skills and save up the $20,000 to launch your products?” she added. “Even great ideas fail with the very best behind them, if you are serious about starting a company you need to get back into the working world first.”
Quantanamo Yes. Be bold. Take risks
Quantanamo NO !!!!!!!!!!!!!!!!!
Quantanamo Boycott Tesla
Quantanamo I don’t see why not
Quantanamo Nope
Quantanamo Sure. This apparently would be in keeping with a long string of decision making.