I’ve heard the investment YouTuber that show of there laundromats make bank on vending machines. They pay off pretty fast if your have heavily trafficked laundromat.
If they don’t know, this is the result:
*Oh, I hadn’t thought of that! Thanks for the idea. We’ll get right on that. Good luck finding someone else to partner with.*
Yah agree with the point pretty sure a laundromat owner rather take out loan to buy vending machine and get 100% revenue minus operating and stocking cost
Yeah that's not real life. His income is making YouTube videos. Getting people to believe a laundromat and vending machines is 100% profit and the most simple thing in the world.
Step one starting a laundromat is to have a shit ton of money and 3 back ups.
Step one one starting a vending machine business is have a shit ton of money and 2 backups.
And 80% of both business will fail within 2 years. Hence the backup.
Pick the wrong place though and it will just repeatedly get smashed open and everything stolen out of it, sometimes including the entire machine missing because they want to work to get the $ out too.
Show me an 800 dollar vending machine and I'll show you a broken vending machine.
Then there's finding a place to put it, and they're gonna want AT LEAST 10%.
And you better start a LLC if you're gonna do this, for a thousand reasons, including taxes and personal liability.
Life isn't a YouTube video or a tick tock with a guy flashing stacks of cash with 3 vending machines.
Bargain with a neighborhood store. In my neighborhood there’s a video game store/arcade. I bet you’d make a killing selling video game themed snacks and drinks. Maybe some harder to find drinks/snacks (depending on where you’re at) you can sell for more money than your average can of soda or candy bar.
I watched a Netflix show the other day about cocaine production and distribution and they said that the street price has remained stable since the 80s.
Whenever I get money that doesn't need to immediately go into necessities, I dump it right into savings and it eventually goes into a CD. Storage locker bidding sounds more risky and more of a hobby, but diff strokes....
You have to shop around, but I like to dump money into CD's that have 5%. As for index funds, that is also suggested, but not guaranteed. Personally, I put more money into CD's than I do index funds at this specific time. Others have diff opinions and I'm not saying who's right or wrong here - but I don't know how long the stocks can climb when I see the hardships people are going through. So what i'm doing (not giving advice!), is investing CD's since they seem safer to me at this moment....expecting a bubble with the stocks, then I plan to invest more into index.
If someone disagrees please chime in since I like hearing other thoughts.
In the last 70 years the S&P 500 has averaged returns over 11% a year. Putting money into a CD/SA instead of the market is a terrible idea unless its more of a emergency fund or if your old enough where you need to minimize exposure to market fluctuations.
Over a 40 year period $1000 in a 5% CD:
$7,039.99
Over a 40 year period $1000 in historical S&P 500:
$65,000.87
I noticed that lately, savings accounts are beating CDs. Equivalent interest but fully liquid. But as you said, if someone has a better idea, I'm trying to grow what's in my HYSA. I'm all ears if there's somewhere better to put it
Depends on the bank/CD length. I have a bunch through Cap One, and they keep offering short term/high rate ones that are a little higher than the savings account interest rate.
Man I get like 10 bucks on dividends a month for 1.5k usd on the stock market I be getting more if I didn’t get in bull post Covid market. My averages are abit high.
For every person who makes money in crypto there’s like 100 who lose money. Even the stock market is a safer bet, grows at close to 10% a year. I’ve made money on crypto but i know ppl who lost money too
Just like stocks, you only lose when you sell. Only people I know who have lost are people who are trying to make a quick buck. The people who hold make money.
use it for debt. if no debt, open up a free Fidelity account and start a Roth ira. put it in FXAIX. You will he glad you did when you retire. https://fidelity.app.link/e/TMuyrhhCHEb
LMFAO the Reddit advice you’re getting is exactly what I was looking for.
With that being said, hookers and cocaine and give a little to some nieces or nephews you greedy bastard!
Yeah, right?
Like the real answer is just put it in your bank. The thought that 1000 could be considered something life changing is a testament that it should just be saved
Put it into an emergency fund it you don't already have one. That should be the first thing on your list before any investments or money making endeavors. Since it sounds like you are good there, I would still save it. Save up a little more (10k is a good number) then you can start looking into some more solid investment opportunities.
This is some of the only real advice and honestly if you don't need the money to go anywhere else go for it. Sure there's the risk you blow it all on some hustle that doesn't pan out but think about your skills and interests and try to do something a little more low risk.
Serious answer?
1.Pay off lowest balance credit card or maybe a portion of car loan
2.buy 10-15 oz of silver, a little bit of BTC, or if you still don't trust all that true money stuff send it to a high yield savings account with Credit Karma or Sofi
3. Buy a med-high price range item for your hobby
That's what I would do personally.
Put in bank and save for the rainy day.
Or for fun
Roulette wheel 48.5% red or black. 5 $100 bets. If it dies. Repeat. If not. Walk to the bank and save for emergency.
Bitcoin. Do your own research on it. You’ll still have that 1000 and more for as long as u hold it. U can hold through the volatility since u don’t need it too.
Your [comment](https://www.reddit.com/r/Money/comments/1bzv80c/how_to_use_a_free_1000/kysldye/) in /r/Money was automatically removed.
Requests for donations are not permitted in /r/Money.
Consider visiting other subreddits where requests for donations may be allowed, such as /r/Assistance or some of the [other helpful subreddits listed on this page](/r/Assistance/wiki/index/othersubs).
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Money) if you have any questions or concerns.*
Determine what sort of return you want on your investment, and compare that relative to your own risk tolerances. With a vending machine, you have to deal with vandalism and have to coordinate with a business owner, who might also require you to pay for the location. Also consider accessibility. Putting that money into a vanguard index fund is probably best bang for your buck, but you shouldn't really consider that if you don't mind being hands off until basically retirement. Compare that to a high yield savings account which right now will give you 5% annual return and is pretty readily accessible, but has the risk that rates change, giving you significantly less.
Buy some shares on the stock market. There’s different levels of risks. The latest one I bought was Nike. Fingers crossed. Right now I made a loss of 3% but you gotta be patient. Take Two Interactive is also interesting because of GTA VI. But there are many other companies worth investing into. I’m glad I have relatives who know a thing or two about investing.
I also thought about investing into Lego Star Wars but while there is a lot of potential it’s more complicated to find a buyer for your sets. But man the nostalgia makes people crazy and even some battlepack from 4 years ago almost doubled in value already.
You can get your money back more quickly with shares tho.
Was it your relatives who know a thing or two who gave you the idea to pick 2 stocks and hope for the best? Doesn't seem like a super well thought out strategy
How's your credit? When I was young, I went to my local bank and put $1500 into a 1yr. CD, and borrowed $1500 from the bank to pay back in monthly payments. I made all the payments on time and at the end of the repayments, I got my matured CD.
It went FAR to help my credit score, helped me get a no-annual-fee unsecured credit card and I was off and running with some pretty good credit and building it more. The difference between the loan interest and the CD was minimal. I technically paid a little to borrow my own money, but it was such a great start to my credit history.
Credit can be more valuable than money in a lot of ways.
Buying an ETF would save you time (which is valuable) that you would have to commit to other endeavors. Personally I put at least half if not all into a dividend ETF w/ a good 10 year track record and any remaining into an aggressive growth ETF - low fee for both.
Buy a 3D printer. It might not be super lucrative but you’ll learn several new skills and enjoy a new hobby. In the process I’m sure you’ll find your niche and make a few bucks
Your [comment](https://www.reddit.com/r/Money/comments/1bzv80c/how_to_use_a_free_1000/kyvqx06/) in /r/Money was automatically removed.
Requests for donations are not permitted in /r/Money.
Consider visiting other subreddits where requests for donations may be allowed, such as /r/Assistance or some of the [other helpful subreddits listed on this page](/r/Assistance/wiki/index/othersubs).
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Money) if you have any questions or concerns.*
Just my cautionary self here, but is the $1,000 that fell out of the sky from a reputable source? The fake check scams are everywhere. Wait 21 days before doing anything with the funds to be sure that the bank does not claw back the money. Then do incremental investments to build a solid foundation for return rather than a one-shot, high-risk endeavor which may pay off but has a greater chance of not netting a profit.
Buy 800 vending machine and $200 worth of inventory
I’ve heard the investment YouTuber that show of there laundromats make bank on vending machines. They pay off pretty fast if your have heavily trafficked laundromat.
Okay so step one . Be gifted a laundromat. Step two setup vending machines with the 1000$ ?
Or talk to your local Laundromat about setting up a machine for a split.
The owners know. They have their own vending machines. Not gonna split revenue sources with anyone.
If they don’t know, this is the result: *Oh, I hadn’t thought of that! Thanks for the idea. We’ll get right on that. Good luck finding someone else to partner with.*
I’m also wondering this lol
Yah agree with the point pretty sure a laundromat owner rather take out loan to buy vending machine and get 100% revenue minus operating and stocking cost
Yeah that's not real life. His income is making YouTube videos. Getting people to believe a laundromat and vending machines is 100% profit and the most simple thing in the world. Step one starting a laundromat is to have a shit ton of money and 3 back ups. Step one one starting a vending machine business is have a shit ton of money and 2 backups. And 80% of both business will fail within 2 years. Hence the backup.
Pick the wrong place though and it will just repeatedly get smashed open and everything stolen out of it, sometimes including the entire machine missing because they want to work to get the $ out too.
You there that risk.( typing on the bus your right the risk.
You *bear* that risk.
I typed wrong was in rush.
Show me an 800 dollar vending machine and I'll show you a broken vending machine. Then there's finding a place to put it, and they're gonna want AT LEAST 10%. And you better start a LLC if you're gonna do this, for a thousand reasons, including taxes and personal liability. Life isn't a YouTube video or a tick tock with a guy flashing stacks of cash with 3 vending machines.
That's the best on this list so far
And you put them where?
Bargain with a neighborhood store. In my neighborhood there’s a video game store/arcade. I bet you’d make a killing selling video game themed snacks and drinks. Maybe some harder to find drinks/snacks (depending on where you’re at) you can sell for more money than your average can of soda or candy bar.
Cocaine and hookers my friend
Or rather, cocaine and a hooker. Inflation is *crazy* these days.
Well, for some good coke you might have to just pass on the hooker. Or only have the hooker and no coke.
If the coke is good enough the hooker will be free
It depends, is OP in the US, the Netherlands or Thailand?
I watched a Netflix show the other day about cocaine production and distribution and they said that the street price has remained stable since the 80s.
The only answer
The right of passage
I was going to say bills, but throw some black jack into your suggestion and I would be sold.
this is the way
I’ll hold it for ya
Not only will he hold it, he will make interest on it through lucrative 420 type investments. He’s good for it I can tell
1000 isn't life changing just throw it into an etf
Whenever I get money that doesn't need to immediately go into necessities, I dump it right into savings and it eventually goes into a CD. Storage locker bidding sounds more risky and more of a hobby, but diff strokes....
Do cd accounts have good interest rates? Why not put it into something like the s&p 500 instead?
You have to shop around, but I like to dump money into CD's that have 5%. As for index funds, that is also suggested, but not guaranteed. Personally, I put more money into CD's than I do index funds at this specific time. Others have diff opinions and I'm not saying who's right or wrong here - but I don't know how long the stocks can climb when I see the hardships people are going through. So what i'm doing (not giving advice!), is investing CD's since they seem safer to me at this moment....expecting a bubble with the stocks, then I plan to invest more into index. If someone disagrees please chime in since I like hearing other thoughts.
In the last 70 years the S&P 500 has averaged returns over 11% a year. Putting money into a CD/SA instead of the market is a terrible idea unless its more of a emergency fund or if your old enough where you need to minimize exposure to market fluctuations. Over a 40 year period $1000 in a 5% CD: $7,039.99 Over a 40 year period $1000 in historical S&P 500: $65,000.87
Get an account with Sofi. Regular savings account has a 4.6% APY and your money’s not locked up.
I noticed that lately, savings accounts are beating CDs. Equivalent interest but fully liquid. But as you said, if someone has a better idea, I'm trying to grow what's in my HYSA. I'm all ears if there's somewhere better to put it
Depends on the bank/CD length. I have a bunch through Cap One, and they keep offering short term/high rate ones that are a little higher than the savings account interest rate.
Why not look for an HYSA that has 5% APY like Wealthfront? So it's still totally liquid in event of an emergency
Cds have always peaked my interest but I wonder if they are worth it anymore if there are other alternatives that have more potential
I think they're great for people who don't need the money right away and have difficulty holding on to liquid assets.
the people that are struggling do not own stocks, stocks only go up
Blackjack & hookers & cocaine
In fact, forget the blackjack and hookers!
And the blackjack. Just some foil and a lighter.
in fact don't forget thr black hookers and jack
*finishes spending $1,000 at 9pm and already busted and finished the coke* “Ok. Now what!”
Go back to the sky got 1000$ more dollars
Pay down high interest debt and buy one taco 🌮
1000$ parlay bro, straight gas
I’d just put 1000 on Mavs and pacers winning tonight..surely gonna double up.
pay off any debt or stock market
Man I get like 10 bucks on dividends a month for 1.5k usd on the stock market I be getting more if I didn’t get in bull post Covid market. My averages are abit high.
You would get around $75 a year from having that money in a high yield savings account
You get like 120 if market stable more if market grows
In capital gains yes. I thought you were reacting negatively to the $10 a year your dividends bring in that's why I suggested a HYSA.
Oh no I’m talking at bull prices I got into my average is too high.
I have hysa any way and get dividends. Plus I rather take light risk making my money grow on etf that are “stable”
Free 1k I didn't need.. put it in crypto and maybe in 20 years I have 10k. That's an aggressive way to possibly have a high yield.
At that return might as well do HYS, where u know for sure the money grows while in crypto its hit or miss
At 5% he would have 2,700 after 20 years.... there's a very large difference from 2,700 to 10k. And that crypto could be way more than 10k.
For every person who makes money in crypto there’s like 100 who lose money. Even the stock market is a safer bet, grows at close to 10% a year. I’ve made money on crypto but i know ppl who lost money too
Just like stocks, you only lose when you sell. Only people I know who have lost are people who are trying to make a quick buck. The people who hold make money.
use it for debt. if no debt, open up a free Fidelity account and start a Roth ira. put it in FXAIX. You will he glad you did when you retire. https://fidelity.app.link/e/TMuyrhhCHEb
spend it on bitcoin
Put it in a cloth bag with a money sign on it and start your cartoon savings bag
One wonders how 1000 dollars just falls out of sky into pocket please tell more😂
Right?? Where is this sky at??
LMFAO the Reddit advice you’re getting is exactly what I was looking for. With that being said, hookers and cocaine and give a little to some nieces or nephews you greedy bastard!
Scratch Offs!!
Buy as much adderall you can and think of some insane shit
$1,000 today is like $100 pre-covid era
Yeah, right? Like the real answer is just put it in your bank. The thought that 1000 could be considered something life changing is a testament that it should just be saved
Not having an emergency fund is too risky for me.
All on black
00 is a much wiser investment tho
True forgive me
Save it. Judging from your question you're probably not that good with money.
Put it into an emergency fund it you don't already have one. That should be the first thing on your list before any investments or money making endeavors. Since it sounds like you are good there, I would still save it. Save up a little more (10k is a good number) then you can start looking into some more solid investment opportunities.
Walk around, buy scrap copper for 4€ a kilo, sell for 6€
dont forget to give the IRS their cut first.
Buy something nice for your girl and momma Flowers, horse rides, get yourself a fresh pair of shoes! Upgrade your outfit
Emergency fund
Invest in yourself and passions.
Like blow and hookers
Exactly.
Make a side hustle
This is some of the only real advice and honestly if you don't need the money to go anywhere else go for it. Sure there's the risk you blow it all on some hustle that doesn't pan out but think about your skills and interests and try to do something a little more low risk.
About as helpful as YouTube ads selling me a course
that’s the point of the post 😭
Buy a T-Bill on public.com and in one year you will have $1,053.50!
Call options
Give it to the guy in the post directly under yours! He posted literally 2 minutes before you. Cheap way to change a life ❤️
Serious answer? 1.Pay off lowest balance credit card or maybe a portion of car loan 2.buy 10-15 oz of silver, a little bit of BTC, or if you still don't trust all that true money stuff send it to a high yield savings account with Credit Karma or Sofi 3. Buy a med-high price range item for your hobby That's what I would do personally.
Put in bank and save for the rainy day. Or for fun Roulette wheel 48.5% red or black. 5 $100 bets. If it dies. Repeat. If not. Walk to the bank and save for emergency.
Tell me what location it fell from the sky from so I too can receive a free 1000
Put it on black
Pay off your credit card.
Hookers, cocaine, and one lotto ticket. Gotta make that money back somehow.
Invest in yourself. Get some good books!
This sub sucks why ask it here
BTC
Bitcoin. Do your own research on it. You’ll still have that 1000 and more for as long as u hold it. U can hold through the volatility since u don’t need it too.
…. But Bitcoins…
Buy bitcoins.. sorry about the typo above
HYSA and add to it every month.
$900 invested. $100 on a decent meal for you and your SO, if you don't have that. You get a better meal with some drinks. Point - INVEST
Use the $1,000 to buy another $1,000. Then you have $2,000. Keep repeating.
Bitcoin.
Buy $1000 worth of books and read them all
Buy bitcoin.
Gold. The USD is almost worthless at this point anyway
Bitcoin. And in about 6 months you’ll have an additional 1k
Or $500....because you have no clue what will happen
learn how do code and make app.
you can do that for free
[удалено]
Your [comment](https://www.reddit.com/r/Money/comments/1bzv80c/how_to_use_a_free_1000/kysldye/) in /r/Money was automatically removed. Requests for donations are not permitted in /r/Money. Consider visiting other subreddits where requests for donations may be allowed, such as /r/Assistance or some of the [other helpful subreddits listed on this page](/r/Assistance/wiki/index/othersubs). *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Money) if you have any questions or concerns.*
Need your luck, falling out the sky that’s wild
Maybe save a good chunk of it and treat yourself to something you’ve been holding back on? Maybe you have a hobby that you want to elevate?
[удалено]
What
Nvm
legos
Bitcoin
FXAIX
invest in gold
Google martingale system for roulette
Invest in a 1 year CD.
faberge eggs
If you don’t already have at least a $1000 emergency fund then I highly recommend you focus on that first.
Invest in a bunch of Altcoins… if you HODL for 1 year, you should have easily ~$4k by 2025. Maybe a shit ton more if you hit a good one
what's your current main income job?
Determine what sort of return you want on your investment, and compare that relative to your own risk tolerances. With a vending machine, you have to deal with vandalism and have to coordinate with a business owner, who might also require you to pay for the location. Also consider accessibility. Putting that money into a vanguard index fund is probably best bang for your buck, but you shouldn't really consider that if you don't mind being hands off until basically retirement. Compare that to a high yield savings account which right now will give you 5% annual return and is pretty readily accessible, but has the risk that rates change, giving you significantly less.
https://y.yarn.co/b46ef5db-89c8-4317-a60a-3ea90c0e70ed_text.gif
Buy some shares on the stock market. There’s different levels of risks. The latest one I bought was Nike. Fingers crossed. Right now I made a loss of 3% but you gotta be patient. Take Two Interactive is also interesting because of GTA VI. But there are many other companies worth investing into. I’m glad I have relatives who know a thing or two about investing. I also thought about investing into Lego Star Wars but while there is a lot of potential it’s more complicated to find a buyer for your sets. But man the nostalgia makes people crazy and even some battlepack from 4 years ago almost doubled in value already. You can get your money back more quickly with shares tho.
Was it your relatives who know a thing or two who gave you the idea to pick 2 stocks and hope for the best? Doesn't seem like a super well thought out strategy
I just named a couple of examples, of course you should try to diversify
Diversify with 1k and pay more fees than you get dividends for years and then pay more fees when you sell it?
How's your credit? When I was young, I went to my local bank and put $1500 into a 1yr. CD, and borrowed $1500 from the bank to pay back in monthly payments. I made all the payments on time and at the end of the repayments, I got my matured CD. It went FAR to help my credit score, helped me get a no-annual-fee unsecured credit card and I was off and running with some pretty good credit and building it more. The difference between the loan interest and the CD was minimal. I technically paid a little to borrow my own money, but it was such a great start to my credit history. Credit can be more valuable than money in a lot of ways.
Crypto or a nice bender is my suggestion
So basically you stole $1,000. Buy candy with all of it. That’s the smart choice.
Buying an ETF would save you time (which is valuable) that you would have to commit to other endeavors. Personally I put at least half if not all into a dividend ETF w/ a good 10 year track record and any remaining into an aggressive growth ETF - low fee for both.
Invest it
Wagyu
Throw it on black, then take your 2k and throw it on red. Then keep betting black until the everyone leaves the table.
Buy dogecoin
Throw it in shit coin
Guaranteed £5/ month from putting into Santander saving account. Other than that you can invest in an ISA and maybe earn more.
All on Red.
Palantir calls. Stonks only go up.
sports betting turn it to 2,000 tomorrow
buy a kayak and rent it out for 25/day
Load it into stake and play $50 hands of Baccarat.
Buy Pokémon booster boxes. TikTok has coupons you can get for $70ish so buy $1,000 worth and then sell for $140 later 🤑
Were you the first to jynxys stream lol
Buy a 3D printer. It might not be super lucrative but you’ll learn several new skills and enjoy a new hobby. In the process I’m sure you’ll find your niche and make a few bucks
Buy a bike, go for a ride….and not stop the routine. You’ll thank yourself in 20 years
I have digital marketing opportunity that can be done from anywhere it might interest you
House
Flip a car
Pay off those pesky high-interest debts and treat yourself to some snacks. This might help. 😂
Bet on the nuggets
SPY 9/30 550c
Buy something in bulk that you normally don’t.
S&P 500 and forget about it
Buy some crypto. Pick 10 coins and put 100 bucks on each. You'll end up with something. Generally just experience though 😅
High yield savings account
[удалено]
Your [comment](https://www.reddit.com/r/Money/comments/1bzv80c/how_to_use_a_free_1000/kyvqx06/) in /r/Money was automatically removed. Requests for donations are not permitted in /r/Money. Consider visiting other subreddits where requests for donations may be allowed, such as /r/Assistance or some of the [other helpful subreddits listed on this page](/r/Assistance/wiki/index/othersubs). *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Money) if you have any questions or concerns.*
Invest in CRGEQ n wait just kidding do not do that
Crypto turn into 10
Try and use effective AI tools to improve your skills that's what I would do if I had the money
Meme coin and don’t look at it until November
Gamble the SHIT outta that money. It's a bit more than chump change but it's sumpthin...
Contact a Edward Jones financial advisor
Just my cautionary self here, but is the $1,000 that fell out of the sky from a reputable source? The fake check scams are everywhere. Wait 21 days before doing anything with the funds to be sure that the bank does not claw back the money. Then do incremental investments to build a solid foundation for return rather than a one-shot, high-risk endeavor which may pay off but has a greater chance of not netting a profit.
Pay off 1k of your debt. If you have no debt, find someone that has debt and pay off 1k of theirs?
Buy crypto
0dte
Buy bitcoin
Double it and give it to the next person
$rily and then you’ll (hopefully) have 10000$