If you profit from renting out your Airbnb space what do you do with the money?
I allocate 25% of it to luxuries like fast food/takeaway and whatever else I feel like spending it on, I manage to save most of it though.
The other 75% I invest. This is split between small investments in companies like start ups/existing companies looking for funding in return for equity in the company. Hopefully one day they will get bought and give me a good return or even pay dividends.
Also invest a portion into lending. Currently getting about 7% interest per annum. Better than saving it in a bank for less than 1%.
Finally I do a bit of CFD trading too.
After a year I’m going to evaluate if it’s been worth it. Then choose which to continue. I’ll have to wait a bit longer for the company investing it can take many years to see a return (if any).