2007-03-22 05:24:14 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Invest it in a dividend paying company.
The income from dividends is taxed at a much lower rate than wage earnings. Re-invest the dividends in the same company, buying more shares increases your dividend payout. Keep rolling it back in until you need the income.
Always investigate the company thoroughly. Don't go for the NEW EXCITING opportunities. Remember Nortel. Choose companies that have a history of paying increased dividends for the past 10 years.
Or take a trip. It's your money.
2007-03-22 05:33:14 · answer #1 · answered by kman 2 · 0⤊ 0⤋
Well if I were you I would invest it and make it grow. Either in I bonds or cd's. Think of your future! I bonds are great, you buy them at face value and they grow immediately.
Or you could go blow it on clothes and a good night out with friends...lol.
2007-03-26 02:56:21 · answer #2 · answered by Pepper 6 · 0⤊ 0⤋
Pay some bills off go to a show and dinner buy clothes
2007-03-22 07:31:19 · answer #3 · answered by pattibcacl 6 · 0⤊ 0⤋
If you have debt, use the 1K to pay some of it down....if you have no debt, put this 1K in the bank as part of an emergency cash fund and keep saving.
2007-03-22 05:32:43 · answer #4 · answered by SimpleMan 1 · 1⤊ 0⤋
2 words.
Rocket pack jet shoes.
2007-03-22 07:03:05 · answer #5 · answered by Anonymous · 0⤊ 0⤋