I am not a financial or tax advisor, and none of the following is financial nor tax advice.
Good luck
I might buck the trend a little here: I did spend my early money on a house. However, I never travelled the world in those days. I have always regretted it.
If we're talking $100k in the 90's when I was actually 20-30, I could put $70k on a house, rent it out, set up with the rental income and $15k of my money covering the first year or so of payments.
Take the remaining $15k and go on an epic backpacking adventure around the globe.
$100k these days wouldn't be enough to do this, though.
2nd putting money aside for fun experiences. Doesn’t have to be much but saving for a house is a long, arduous, sometimes soul sucking process. It’s good to have those experiences first.
Buy a home to live in.
As boring as that is it will help you in the long term.
House deposit and begin paying it off. TAFE fees. Dental work or saving for future dental. Or just have it as a safety net while continuing to work and try to amass more. Reliable secondhand car to open up more job opportunities.
Very boring survival mode goals, sorry
House deposit. Its a long ladder, the later you start the harder it is to climb.
House deposit 1000%
I got started at 29 and I am very lucky I did
Land
Ex-wife.
The question is what would you spend it on. Not what you did spend it on. 😆
The question set me off and I was feeling a little spicy about it. 😂
100k to turn a wife into an ex-wife seems cheap
🥴