#34 Stay at home mum in her 50s - how can I gain financial independence

The Money Spot™ - UK Personal Finance

#34 D asks: Hi Heather, my name's D I wonder if you can maybe help advise me, I’m hoping to figure out a plan for myself and kids so that I feel secure and I’m financially independent. I wonder if maybe property is something you would suggest. I am in my 50’s, been with my husband since school and married for nearly 25years. We have adult kids who live with us and one is dependent with medical needs. We lived in another country for most of our married life (kids were born there and we all have dual nationality and financial investments and accounts in both countries). We came back to the UK on an expat assignment and are currently still caught in the rental accommodation ‘trap’. I need more control over my life and financial independence to feel secure following a traumatic experience. However, my husband has the career (travelled a lot with his job before the virus) and I’ve been the stay at home mum and carer to our child with medical needs. I went to university but stupidly didn’t continue with a career. Is there any financial advice you can give me that I can use (at my age) so that I can begin to be financially comfortable and independent please? I’d like something that can provide an income and security and am interested in property but don’t know if that’s possible for someone with no knowledge of the UK property market. Thank you for any advice you can offer. Related resource: https://www.katsonga.com/wealthblog/stay-at-home-mum-in-my-50s-how-can-i-gain-financial-independence-and-freedom Ask me a question: https://www.katsonga.com/coach.html Choose a book: https://www.katsonga.com/mybooks.html Support the podcast: In $: https://www.buymeacoffee.com/TheMoneySpot In £: https://www.patreon.com/TheMoneySpot Your way: https://www.paypal.me/katsonga