I was watching Jeopardy! the other day when host Alex Trebek asked the returning champion how he felt about the prize money he had won up to that point, which totaled a little more than $100,000. The gentleman replied that he considered it to be a life-changing amount of money. I was surprised to hear him say that. His winnings amounted to far less than what I would consider life-changing. For me to consider an amount of money life-changing, it would have to be enough to make me independently wealthy so that I would never have to work again, unless I wanted to. A mere $100, 000 would not come close to meeting that requirement. Besides, after taxes, he’s probably only going to get about $65,000 of it, at the most. Don’t get me wrong, that’s nice amount of money to get your hands on. You can do a lot of things with $65,000. You can buy a new car (or two). You can take some vacations. You can fix up your home, or even make a nice down payment on a new one. You can pay off some bills. However you spend it (assuming you don’t save it for future use), it will be soon be gone and need replacing.