Most of us dream about money just, one day, falling into our
laps. And, while for most people, the dream remains just that- a dream, it does
sometimes happen to the lucky few among us. If you happen to get a nice little
windfall of cash, whether it be $1000 or $10,000, why not do something smart
with it, something that can turn that little windfall into a potentially
permanent cash flow!
Take Advantage of Company Match Policies
Employers, in an effort to encourage their employees to save
for retirement, will often agree to match investments made into retirement
funds. If your employer offers this option, you could, quite literally, double
your money. Sure, you might not see the money until much later in life, but
it’s money you weren’t expecting to have anyway, so why not?
Invest in the Stock Market
Even if you’re not someone who regularly plays the stock
market, you have nothing to lose by investing your “free money” into it. Don’t
just make an investment choice at random however. If you don’t know much about
the market, request the help of a financial advisor. For a small fee, they can
typically give you a rundown on which stocks are the best bet right now,
enabling you to make the most informed decision possible about what to do with
your money.
Pay Toward a Stubborn Debt
Do you, like so many other people, have that one bill that
never seems to get paid? Maybe it’s the credit card bill that has to take last
priority over the other expenses in your life, or maybe it’s that old student
loan debt. Whatever the case may be, if you have some stubborn debt in your
life that never seems to get paid, a little unexpected cash is the perfect
thing to put toward it. If you’re lucky, you might even be able to pay it off
completely!
As such, there are a lot of truly great things you can do
with unexpected money. Instead of wasting it all on a shopping spree or a quick
vacation, do something lasting and positive with that money. You’ll thank
yourself big time later.
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