If you had $500,000 tax free right now..

Finish my car (12k)
Finish school (10k)
Get a nice house in the country or desert (150k)
Furnish the house and garage (50k)
Get a new truck for a dd/tow vehicle (40k)
Buy a few more project cars (30k)
Quit my current job (priceless)
Invest (20k)
Give half of what's left to my family (94k)
Start a business with half of that (47K)
Keep the rest for expenses and such (47k)