If you’ve been to the grocery store lately, or if you’ve filled up your gas tank, had an oil change or even if you’ve stayed in a hotel room, you know full well that prices everywhere have risen tremendously.

The COVID-19 pandemic has caused an explosion of inflation across the country. And this has left many people struggling to make ends meet. As such, building wealth has never been more critical than it’s become recently.

But if you have a little money saved and you’re looking to invest, where should you begin? Where are the best options to invest?

When you hear the word investing, you might think of stocks or real estate. And though you can build significant wealth this way, there are many other options as well. So if you’re an investor looking to put your hard earned money to good use, the following will offer a few suggestions.

Vacation Rentals

If the COVID-19 pandemic taught us one thing, it’s that people across the nation absolutely hate being stuck at home. And it was largely for this reason that vacation rentals saw a huge uptick in sales across the country.

Not only were people tired of being stuck at home for days on end, dealing with mandates and regulations imposed by hotels and resorts also caused a major issue. And many wanted to avoid these places altogether for fear of contracting the virus.

As long as you can secure a property in a heavily traveled area; one that has access to attractions or an area that is prime for tourism, you can stand to make a lot of money off of a vacation rental. In fact, with the real estate market being so profitable that most experts are worried about it being on the verge of collapse, investing in a vacation rental is one of the most stable ways to make a constant, passive flow of income.

And with the higher than average price of rent you’re able to charge in 2021, you’ll have no issues keeping up with your mortgage payments.

Digital Currency

If you were one of the lucky few who heard about Bitcoin a decade ago, you’d probably be sitting somewhere else counting your millions, not worried at all about the content of this article.

Digital currency is trending today like never before. And it’s considered by savvy investors to be the best investment for investors of all financial backgrounds.

For example, Bitcoin price is fluctuating around 65,000 per coin as of 2021. But in the beginning, you could buy millions of coins for just a hundred dollars. And just like that, a hundred-dollar investment could literally change your life.

In 2021, tending digital currencies such as Dogecoin and Shiba Inu are allowing savvy investors to make record profits in record time. Early in 2021, one investor bought a chunk of Shiba Inu for 8,000 dollars, and now a few months later she’s become a legitimate billionaire.

But the digital currency market is driven by a multitude of factors. So you have to do your research before jumping into the coin game.

Day Trading

Trading stocks is no longer limited to the high rises of New York City. Today, you can invest in stocks and trade using apps such as Robinhood and the like. And if you can see patterns and trends within the stock market, you can easily turn a record profit.

The thing about day trading that makes it so attractive is that anyone can invest any amount of money for most stocks.

And the more you know about the stock market and about what stocks are being projected to make large gains, the better you’ll become at your day trading strategy.

For example, it’s not uncommon for an average day trader to invest 500 dollars in stock and come away with several thousand at the end of the week.

Building wealth has become more about personal financial security in an economic downturn than simply building wealth for wealth’s sake. And if you know where to place your money and when to double down, you’ll be in great financial shape going forward.