If you have $1,000 to invest, consider putting it into a 7%-yielding dividend stock. This investment could potentially turn your money into a lucrative monthly passive income stream. With a steady 7% yield, you can earn a consistent return on your investment each month. This type of investment can be a smart way to grow your wealth over time. Consider researching different dividend stocks to find one that suits your financial goals and risk tolerance. By investing in a high-yielding dividend stock, you can potentially see your $1,000 grow into a profitable monthly income source.