Because I’m paying back school loans, I often dream about what I’d do with a large sum of money.
What would you do with $100,000 cash right now, tax free - and you have to spend it; you can’t invest it or stick it in the bank?
If I had $100,000 right now, I’d pay back the $86,000 I have in loans. (Ack, that makes me ill to see in black and white.) Then I’d get a new (used) car with the remaining $$.
Then the money I’m using to pay back loans could go to investments and more enjoyment!
I picked $100,000 because you have to think about how you’d split it up.