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I'd invest in real estate. I buy a fixer upper every other year or so. Live in it while I fix it up, then rent it out and buy another one. I usually take a hundred bucks hit per month per house initially, but in a couple of years I break even, then start to make money. But if you consider equity, I probably make about ~$1k per month per house. Sometimes more, sometimes less. My goal is to have enough rental income by the time I am 50 to retire. Sell a house every couple of years after that for spend money.
My point being if you have an extra $1k a month to spend, buy a house and rent it out. It may cost you a couple of hundred out of pocket per month, but you could triple that in equity per month.
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“The wave is not the water. The water merely told us about the wave moving by” – Buckminster Fuller
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