Wealth, Health, Love … and a Family of 10
Hi Scott,
I have recently separated from my (now ex) husband, who was extremely financially controlling (I have only just learned how to use internet banking!). He has left me to pay for everything -- two mortgages, both lots of utilities, insurances and all kids’ expenses. I have since fallen in love with a woman who also has four children (that makes eight children altogether). I need to support us all, and I have heard about a business called Coinspace. Is this a good investment to secure the financial future of my now huge family of 10?
Leanne
Hey Leanne,
You are the reason that people stop me in the street and say: “Those questions... they’re not real are they?” But this is your life -- and truth is stranger than fiction, right?
OK, so first off I think Coinspace sounds like a very, very bad idea. One of my investment safeguards is never to invest with a company that sounds like L. Ron Hubbard. The following is taken verbatim from the Coinspace website:
“FUTURE is in your hands. WITH US: you are literally creator of YOUR own money for YOUR future” (sic … very sic). And it goes on: “Coinspace is more, it can be translated into the beauty of living, lifetime support, wealth, health, love and education.”
Now let’s get serious, Leanne. Many women leave a controlling relationship without the skills to pay the bills. In your case, your ex had a vested interest in keeping you in the dark -- so you wouldn’t know what you’re entitled to.
The first thing you should do is consult a family lawyer and have them look over your divorce. There will be a division of assets, and it will take into account that you have custody of the kids. And as long as your ex-husband is working, he will have to pay you child support. The bottom line is this: there are four parents in this situation and they all have a responsibility to provide for their kids. It’s not all on you.
The other thing I want you to do for me is educate yourself on the basics of personal finance. Now, you’ve probably had your self-confidence kicked out of you by your ex, but I’m here to tell you that you can do it. If you can raise four kids on your own, learning the behavioural building blocks of winning with money will be simple. Good luck in finding your happy space (but not your Coinspace).
Scott
