The Moneyist: ‘I have $30,000 in my savings account’: I’m 56, unemployed and single. I invented products that will cost $20,000 to bring to market. Should I dip into my savings?



1 week ago 35
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. 

As you may imagine, the past 20-something years were nothing short of rough. I have $30,000 in my savings account, I am unemployed (and unemployable), and living incrementally off those savings. I have survived my years, not particularly because I am smart, but because I am very creative (I like to think). 

I have been creating two products that require an investment of about $20,000 for patents and manufacturing costs. I truly believe that these items wil...

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