<prompt> Human: Basic summary: Im 23 years old and just received 100,000 in a legal settlement. Im one year out of college earning 40kyear.I have 30,000 in student loan debt. Im guessing I should pay all of this off immediately? Rent is 700mo., and to be honest I have next to nothing in savingsemergency fund. I only started this full-time job a few months ago, and before that when I was in college I was pretty much just making ends meet between part-time jobs. I have 2300 in credit card debt, and last I checked, 9.5k in retirement savings through a former employer that had a very generous benefits plan considering I was part-time.Current income allows me to live perfectly comfortably and Ive started catching up on some of my debt in the months since gaining full-time employment. Assuming I pay the 30k in student loans off plus the 2k in credit cards right away, whats the best move with the remainder? I know how stupidly fortunate I am to be given this head start, being able to pay off my student loans off a year out of college, and would really like not to fuck it up.  <response>: Suppose you pay off your student loans and credit cards, set aside an emergency fund, and then invest 60k or so for retirement. If you get a 7 return, your money should double every 10 years or so. By the time youre 33 it would be 120k. At 43 youll have 240k. At 53 itd be 480k. At 63 youd have 960k. This would give you enough money at that point to retire on about 40k a year, which is not terrible, but really not great.This gets you a good chunk of the way towards having the long term savings you should have, but not all the way there. In other words, you still need to be a net saver for the next several decades; rather than taking money out of this windfall you need to continue putting away other money from your earnings alongside it.Obviously, you can consider using some of this money for something like a down payment for a house at some point, but you should try to cultivate a mindset that overall you still need to continue to build your savings rather than withdraw them. If you take money out it should be for a long term investment that you expect to pay off in the long run, not for something like travel or a wedding or general fun and partying. 