It all depends upon a person’s own values and value of $200K for them. Someone else would say what a waste to buy Tesla and travel abroad when you can buy a small condo, a second hand car, travel around your state and save 8 months emergency fund. While another person can buy one expensive car or a luxury watch and call it a day. Same way, someone else may prefer to buy an experience at the best college they can. Different folks different strokes.