I will be receiving a significant inheritance next month. My first port of call will be to clear the mortgage, but after that, I’m lost. Super, shares, property, term deposits, Lambo? I’m 51 and single. No urgency to retire.

I’d go a Porsche rather than a Lambo myself, but each to their own!

Once you get your house in order, there’s no reason you can’t spend a bit of your inheritance on a sports car.Credit: Simon Letch

Your starting point here should be to think about your goals. What do you want to achieve over the next decade in particular? Locking in long-term financial security provides great peace of mind. And with the mortgage gone, and a nest egg set aside, perhaps you could pursue fun things like a sports car.

Travel is a common goal for many. Maybe you could use some of this money to walk the Camino, see the big seven in Africa, or explore your family history. Money is an enabler. What do you want it to........

© The Sydney Morning Herald