If one were to receive $100,000 they could do several things. Including taking your family or friends on a vacation, putting down on a new car, putting down on a house, and the list can go on. $100,000 sounds like a significant amount of money, but when you add in the factors of today’s world $100,000 isn’t that much. The economy hasn’t been doing the best and this has caused inflation to rise and other things as well. In the 1980’s $100,000 was equivalent to $382,879.85 in 2024. 

With that being said $100,000, will go quickly in today’s economy if you don’t spend it wisely. Although the economy might be struggling as of right now, it will get better and things will change for the better hopefully. If I received $100,000 in 2024 I would immediately invest a good amount. Many investors are taking their money out of the economy because of the change in presidency with several factors leading into why. So right now is the perfect time to put money into the economy because it will boom again eventually. This money will compound over the years and hopefully be worth more than the original amount I inserted. 

With the rest of the $100,000, I would certainly either buy a nice used car or put down on one. My car isn’t in the greatest shape anymore and is reaching the point where it is just problem after problem it seems like. 

After this, I would split the rest of the money and put half into a savings account for critical and college fees, and for the rest of it, I would take my family and friends somewhere. Not the beach, the plane tickets, condo fee, rental car, etc. would be just simply too much and all my money would be gone in an instant. Instead of taking them to the beach, I would take them to somewhere like the Ozarks or Pigeon Forge, Tennessee. Or even Branson, Missouri they have a bunch of tourist activities. Now if this were the 1980’s or even before that I would do several other things with the money, such as buying a house or taking a trip to another country or whatever interested me in that period.