Someone handed me $10,000 today

Someone handed me $10,000 today If you had a lump sum of lets say 10k and had absolutely no investments or roth ira, etc... what would you do with it? Here's exactly what I would do: My first $3,000 would go into an emergency fund. Emergency Fund: $3,000 Why? Because life happens. I would rather pay for a flat tire or an unexpected bill with money that I already have carved out for that occasion versus being forced to sell my investments early. Emergency Fund: $3,000 Next $3,000 is going to a Roth IRA Emergency Fund: $3,000 Roth IRA: $3,000 If you invested that initial $3,000 and never put a dime more you would have roughly $95,000 by retirement age. Emergency Fund: $3,000 Roth IRA: $3,000 Lastly, I put another $3,000 into a brokerage account. Emergency Fund: $3,000 Roth IRA: $3,000 Brokerage account: $3,000 Not to be confused with a Roth IRA. Emergency Fund: $3,000 Roth IRA: $3,000 Brokerage account: $3,000 A Roth is used for your future retirement, while a brokerage account is used for also building wealth but, you have access to that money whenever you want. Emergency Fund: $3,000 Roth IRA: $3,000 Brokerage account: $3,000 Main difference between these two accounts is basically when and how you can use the money That last $1,000, I'd use it to enjoy life, Emergency Fund: $3,000 Roth IRA: $3,000 Brokerage account: $3,000 Enjoy: $1,000 go on a trip, buy something, make a memory. Building wealth does not have to mean you stop living it. Emergency Fund: $3,000 Roth IRA: $3,000 Brokerage account: $3,000 Enjoy: $1,000 As always, stick to the script. Stay true to the formula. Faith, finance. Faith, Family, Fitness, Finance