It hardly seems worth it to exchange your time for money sometimes. If you could learn how to make money while you sleep, wouldn’t that be amazing? It appears that you can. There are instances when you can be paid to sleep, there are others that need work up front to generate a passive income, and there are still more that allow you to keep the money you already have and grow it.

The most tested methods for investing in income-producing assets or pursuits that people have utilized to date are included here if you’re interested in learning how to become wealthy while you sleep.

1. Invest in the Stock Market

You’ve likely heard the phrase, “it takes money to make money.” Indeed, having some money makes it easier to get more. A wonderful way to passively make money long-term is to invest. When people think of investments, they often think of the stock market.

When you start investing money in stocks that are considered safe (no stock is 100% guaranteed to make you money), you typically end up with a profit for doing nothing but letting the asset increase in value. That’s why the stock market is one of the best investments for young adults. You can buy stocks with a brokerage geared toward beginners like Plynk.

The services allow you to create a diversified portfolio with no costs for making trades or maintaining account minimums. The service may charge $2 per month for features they offer in the future. Once you create an account and deposit money, you can use the app as an automated investing tool, allowing you to add money and have the app handle how it gets invested.

A diversified, low-cost portfolio held across long periods of time can easily result in making money while you sleep.

2. Invest in Alternative Investments

The stock market isn’t the only way to invest. Given the recent market volatility we’ve seen in the stock market related to a global health scare, sometimes having a non-correlated asset allocation in your investment portfolio is a wise choice.

Alternative investments might provide added diversification for you to continue building wealth. Many options exist for investing your money in alternative investments as fintech companies have unlocked access to markets once only available to wealthy investors. From markets like real estate investing, fine wine investing, rare art, and more, you can tap into investments that have continued to appreciate over time.

3. Open a High-Yield Savings Account

Another way to make money you already have work for you is by putting it in a high-yield savings account or certificate of deposit (CD). A standard savings account offers an interest rate of around 0.01%. Meanwhile, high-yield checking and savings accounts can have interest rates exceeding 1% (meaning they’re about 100 times better at building interest than a typical savings account).

However, recent economic developments have pushed many of these accounts below the 1% threshold for the time being. With time, these accounts will likely index back to have superior rates to most standard savings accounts found at megabanks. In exchange for these higher rates, some accounts can have you lock in your money for a set amount of time.

Before creating an account not easily accessible at any time, make sure you have an emergency savings account you can always access.

Consider placing your money in one of the most competitive high-yield savings accounts available on the market through Step Banking. It offers an easy application process (about five minutes), extremely competitive rates, no service fees, and mobile banking functionality.

Step, made popular by its unique “hybrid” Step Visa Card, has expanded its offerings to include a powerful high-yield savings tool.

Users earn 5% annually—compounded and paid monthly—on up to $250,000 saved in their Savings Goals, calculated using the average daily balance in your Savings Goals. Like with your average savings account, Step’s savings yield can change depending on movements in the Federal Funds Rate, but if that happens, Step will give you 30 days’ notice before it happens.

To qualify, the user must have a direct deposit of at least $500 per month, and the benefit extends for as long as the direct deposits continue. (Other perks of making qualifying direct deposits? Bonus points on dining, food delivery, charitable donations, specific merchants—and you can get paid up to two days early.)

And remember: When you sign up with Step, you also get their Step Visa Card—a spending card that functions like a debit card, but also boasts some of the features of a Visa credit card—including the ability to build your (or your child’s) credit history. You can’t spend money you don’t have, eliminating the fear of overdrafting. The card can be used to withdraw money fee-free at more than 30,000 ATMs, and it’s protected by Visa’s Fraud Protection and Zero Liability guarantee.

Users age 13 and older can also buy and sell stocks, ETFs, and Bitcoin.

4. Fine Wine

Fine wine as an investment has performed admirably over the last twenty years, outpacing even the S&P 500 during an equivalent period while seeing less overall volatility. Tapping into fine wine investing might prove a challenge if you don’t have the necessary capital and infrastructure to source, store, and sell fine wine over long periods of time. One alternative is investing in a company like Vint.

Vint is an SEC-qualified fine wine and rare spirits investing platform that makes diversified investing accessible to all investors. Vint offers fractional ownership of investment-grade collections sourced by a team of experienced wine and investment professionals. Vint’s low minimums, sourcing, and securitized offerings make them unique in the alternative investment space.

The company allows you to invest as little (get started for around $50) or as much as you want in collections curated by a team of wine industry experts. When you invest, you own a piece of the collection, giving you unique diversified exposure to many labels and not just one or two bottles.

The company makes it a point to put transparency first, providing regular updates on their collections and sharing investment theses with all investors so they have full control of their investment decisions. The company is on a mission to bring wine and spirits to every portfolio.

If you think adding fine wine to your investment portfolio makes a sound decision after learning about Vint, consider joining now and funding an account with as low as $50.

In addition to investing in index funds and individual stocks, you might also consider investing in non-traditional investments outside of the stock market. These types of investments allow you to tap into assets that might not directly correlate with the stock market, diversifying your portfolio beyond just equities.

Some of these investing platforms also offer access to equities, but others allow you to buy into less traveled markets. Consider reviewing these investing opportunities for whether they make sense for your investment objectives and goals.

5. Real Estate Investment Trusts (REITs)

Some people consider Real Estate Investment Trusts (REITs) to be the mutual funds of real estate. REITs are a collection of properties operated by a company that uses money investors give them to buy and develop real estate. You can choose to invest in trusts that build condos, apartment buildings, business complexes, or other facilities.

Read Also: Top 5 Passive Income Investments for Beginners

REITs pay you dividends. These are a fitting income-producing asset for people who want an easy way to get involved with real estate investing without having to purchase property themselves.

One avenue to explore for investing in REITs is by investing through Streitwise. Streitwise is a new era of real estate investing. With capital raised by qualified investors, the company leverages the best-performing property investments into professionally designed portfolios. The returns then get distributed and serviced through an online REIT- with your income as their mission.

If you’re looking to generate passive income while conserving cash on hand, Streitwise provides the perfect opportunity for both accredited and non-accredited investors and offers one of the lowest fee structures around. The company has provided an 8.4% annualized return due to its superior property selection and low fee structure, far outpacing comparable Public REITs or bonds.

Qualified investments include properties stretching largely across America from the Midwest to the West Coast and leveraged based on Streitwise’s analysis. By placing $5 million of their own money in these investments Streitwise places a good deal of skin-in-the game for all sponsors and 100% incentive alignment between sponsor and investor interests at all times.

The service has a minimum investment of ~$5,000 to begin investing in commercial real estate properties. The company provides REIT offerings federally registered with the SEC and offers them to both accredited and non-accredited investors.

Investing through an investment vehicle like Streitwise’s REIT offers a great source of passive income, recurring cash flow, higher returns, portfolio diversification and inflation protection. With an 8.4% annualized return and a low fee structure, Streitwise provides one of the best opportunities for passive income in real estate investing. It outpaces comparable REITs and has delivered an annualized dividend return of at least 8% for the last 17 quarters, with an average annual rate of 9.44%.

Despite Covid’s effect on the general real estate market, Streitwise met return targets through employing strong credit tenancy (100% contractual rent obligations met in 2020), conservative underwriting (51% loan to value, LTV), and a low/transparent fee structure.

All dividends quoted are net of fees, with fees already taken out. Consider exploring Streitwise for your real estate investing needs today.

6. Create a Blog or eBook

Self-publishing has become more the norm than going through a traditional publisher today. Check out Amazon for evidence or visit any blog offering a free e-book for signing up to their newsletter. In fact, when you buy an e-book from sites like Amazon, the odds are you’ll be paying for a self-published book.

Opportunity: Self-publishing is ridiculously easy. Can you write? Do you have a computer? Then you can self-publish a book. The barriers to entry for becoming a (self) published author are nil these days. In fact, I’ve previously used a tool called Jasper to improve the quality and quantity of content pieces I wrote for this site. The tool leverages AI to scan topics and natural language from roughly 10% of the internet, informing it of the content it writes.

What once took me 6 hours to write, now takes me 1.5-2 hours. The result? Incredible time savings with blistering copy and engaging content. But don’t take my word for it, try it for yourself with a free trial that includes up to 10,000 credits (each word generated by Jasper costs 1 credit).

Be sure to watch the training video on how best to use the tool. The learning curve at first can seem steep but once you see how to leverage the tool, you’ll be an e-book writing machine. You can even join the Jasper Facebook group and participate in their 7-day book writing sprints. You gather (digitally) with fellow writers and use Jasper to write a book hundreds of pages in length. Together, you encourage each other and share ideas, wins, and best practices and get the most out of the tool and your book.

Risk: Fortunately, there’s very little risk in self-publishing an e-book.

You can easily put your e-book up for sale on Amazon, Barnes and Noble or any other major retailer. Amazon is the most competitive so if you want to rank higher in their search results, be sure to use best practices like having a professional cover design (you don’t have to hire someone expensive) and including lots of customer reviews.

If you are really ambitious, you can create a series of e-books or write an in-depth how-to guide about something that’s not too broad and try marketing your book on sites like Twitter ads (promoting through their ad network), Facebook ads (targeting groups) or Google advertising. There will need to be a lot of upfront marketing before you can turn this into a passive income stream. But if you can get it to work, you’re well on your way to maximizing this income-generating asset.

Consider leveraging a powerful content creation tool like Jasper to expedite and upgrade the content you publish.

7. Start a YouTube Channel

If you would rather create videos that aren’t live and not of you sleeping, consider starting a YouTube channel. This method doesn’t earn money on day one and it takes a lot of initial work to get started. Plus, the amount of money people make varies widely. However, if you create quality content, you can earn money through ad revenue, sponsorships, and by creating your own products (such as swag or courses).

When you have enough subscribers and people consistently watching your videos, you can take breaks and still earn money. You might be sleeping, but others are watching your videos and sending ad revenue your way.

8. Turn Yourself into a Product

Perhaps you’ve found personal success—or you are firmly on the road to it—and have seen many promising opportunities to promote yourself as a brand. When you position yourself as the authority in your target market, you can develop products and services to leverage this trust while simultaneously helping those people with problems you can uniquely solve.

If you have an inspiring story or successful secrets to share, you could turn your experience into a video series, a blog, or write a book to make money while you sleep.

In any of these examples, you put the hard work in upfront, develop a marketing mix with the 4 Ps and then you simply collect proceeds while you move on to your next project. In addition to generating income directly from one of these products, you’ll also discover these products can dramatically improve the visibility of your personal brand, thereby boosting sales for your company.

In the end, you will not only yield a profit for yourself through creating a new revenue stream, but you will also have improved an existing stream through any business ventures you currently have.

9. Live-Stream Yourself Sleeping (Seriously)

A new TikTok trend has users stream themselves sleeping (or even just their room as they sleep). One 18-year-old made about $10 as people watched him sleep. A 24-year-old man live-streamed his Tesla “sleeping” overnight and made $50. On Douyin, TikTok’s Chinese counterpart, 18.5 million viewers tuned in to watch a man sleep. He earned over $4,000 while he slept.

Viewers don’t just enjoy watching people sleep, but chatting with other people watching as well. Want to generate money while you sleep? Stream it.

10. Affiliate Marketing

Affiliate marketing doesn’t just have to be done on a blog. If you have an email, this is a great option. Instagram is also a popular platform for affiliate marketing. People who have high followings, with engaged followers, can put affiliate links in their profile and call attention to the links. Whenever somebody clicks that link and buys a product, the influencer gets a kickback.

11. Online Courses and Webinars

Webinars are often live, which won’t make you money in your sleep, but you can create automated webinars people can watch at any time. While a webinar typically stands alone, online courses provide more in-depth knowledge and might have several sections.

You can create online courses on platforms such as Udemy or Teachable. It takes time to create your course, but once it’s up, very little maintenance is required.

12. Sell Stock Content

Do you enjoy photography, taking short video clips, creating music, or designing? Your creative hobby can become a passive income. Go through your old photoshoots, unused music clips, and extra film footage. Find a stock content site to sell it on. Just make sure to ask permission from anyone in your photos or videos.

For photography, some of the most popular stock sites are Shutterstock, Getty Images, and Pixabay. Upload your content, choose a price, and let it sell as you sleep.

Bottom Line

Even though working nonstop isn’t sustainable, you can still make money while working nonstop. You may observe directly how to greatly increase your wealth by combining passive income streams with the ability to make your current savings work for you.