Hi, I'm 33 with a 15 month old baby and another one due in 3 months. Hubby has done a runner. I have a mortgage and $50,000 of personal loan/car loan/credit card debt to take care of now. I work part time and get Centrelink and sometimes hubby pays his $100/wk Child Support. Sob story over.
I was wondering if anyone had any advice for me... I can rustle up $1,000 to invest. What is the best way turn this $1,000 into $10,000 quickly? If I could do this five times, it would get rid of my credit card debts meaning I'd have a better chance of keeping up with my mortgage repayments and not losing the house.
Should I try penny stocks?
I just signed up with Westpac online investing as i already have a westpac account.
Would appreciate any help or advice. Baby is due in 10 weeks and I'm pretty stressed out about how I'm going to keep on top of bills, debts, etc. Maybe I'm dreaming about making a quick buck, but I need to find a way forward out of debt which seems impossible while I have 2 babies, a mortgage and a part time job.
Sorry for the long post... but thanks in advance for your help