Airbnb is one of the most popular platforms for side hustlers hoping to generate wealth with their spare rooms. Whether you’re renting out a room in your home or subletting your entire apartment, Airbnb is one of the best places to generate a little money on the side. If you want to make the most of your Airbnb venture, make sure you make your hard-earned money work for you. Jason Vanclef shares the best ideas on how to invest the money you make renting with Airbnb:

1. The Stock Market

One of the best ways to transform your Airbnb earnings is to invest in the stock market. Buying stock gives you partial ownership of whichever company you’re buying into. As the company profits, you’ll receive a portion of their earnings by way of dividends based on your shares of stock.

As the company gains value over time, so will the price of your new shares. Thus, whatever percentage of your Airbnb earnings that you invested into the stock will transform into a highly profitable share you can then sell for a profit.

2. Mutual Funds

Though you can spend your Airbnb income on shares, it also pays to invest in mutual funds. By investing in mutual funds, you’ll purchase multiple stocks in a single purchase. However, the stocks in a mutual fund are managed and chosen by mutual fund managers.

If you’re thinking about investing in mutual funds, be sure to research the details about additional fees. Oftentimes, mutual fund managers will charge a fee to invest.

3. Investment Bonds

In addition to investing in stocks, you can choose to grow your money by purchasing investment bonds. By purchasing a bond, you essentially agree to loan your money to the government or a company. This loan collects interest over time that will eventually be paid to you at the end of the bond’s lifecycle. Bonds are often viewed as safer investments than stock, though the returns are much lower.

4. Savings Accounts

One of the easiest ways to grow your Airbnb earnings is with a savings account. Instead of letting your money collect dust in a checking account, putting your AirBnb money into a savings account will earn you interest over time. However, the returns on a savings account are rather low. Experts like Jason Vanclef recommend letting your earnings collect interest while you decide what other investments to buy into in the future.

5. Physical Commodities

Physical commodities refer to investments like silver or gold. This conventional method of investing is intended to safeguard against difficult economic times or other emergencies. If you want to invest in physical commodities, consider purchasing a few pieces of silver or gold now that you can sell later for quick cash.

6. Real Estate

Many Airbnb hosts invest the money they earn” from renting out their homes into other real estate ventures. Whether you fix or flip homes or you purchase a multi-family building, real estate is another lucrative way to use your Airbnb earnings to make more money. Many Airbnb hosts even invest in new properties that they can then rent out on the platform.

7. Consult a Financial Advisor

It’s clear that there are a variety of ways to build wealth using your money from Airbnb as a starting point. Make sure you’re choosing the right investment opportunities by relying on a professional’s advice. A financial advisor will be able to suggest investment options that are the most advantageous for you and your money.

Start building wealth with the help of Airbnb. Let this guide inspire you to learn more about investment opportunities.