Financial literacy
It’s been almost year since I learned that a stock from a company I worked for, actually made me money. About $40,000. I paid off a ton of credit card bills and now I have about $30,000. I have no idea what to do. I’ve met with financial advisors at J.P. Morgan but I felt like they were trying to get over on me. That could just be my lack of financial literacy. I did speak with a friend who originally convinced me to pay off the debt and told me to open a high yield savings account. I did. But I had to pay back taxes for taking money out of the stock so my high yield saving now has about $5,000. No one in my family has the amount of money saved so I have no one to talk to about it and I’m scared to share the amount, although it’s not a lot. The rest is sitting in my stock account but the company stock is very volatile and I’m afraid if I don’t do something with it now, I might lose it all.