You have one life.  It shouldn’t be centered on only getting a job and building another person’s dream.  Decide to build for yourself and your family!  Besides building your own business, these are 5 simple ways you can start making money today while you sleep.

1. Crypto Currency

If you’re reading this, it’s safe to assume you’ve heard of crypto currencies such as bitcoin, lite coin and so on.  As of this writing, bitcoin has been up 2,156% this year at a price of $17,220 per coin.  Some experts believe there’s still plenty of room for this asset to climb despite the recent uproar.  On 12/7/17, Thomas Peterffy, Interactive Brokers CEO said “Bitcoin price could get to $100k per coin in the next 5 years and then crash to zero.”  This means if you have disposable income on your side, speculating with crypto currencies is definitely worth the risk.

2. High Yielding Stocks/ETFs (Electronic Traded Funds)

By constructing a portfolio of high yielding etfs and stocks, you’ll gain when the asset appreciates and also benefit from regular passive income at a rate that beats what you get from your bank.  Mattel (MAT), Macy’s (M) and Verizon (VZ) are some examples of companies that currently yield 5% or more.  You can set up and manage your investment account with ease and economically feasible with platforms such as Ally Invest.

3. Peer-to-Peer Lending

Peer to peer lending where people looking to get loans for different reasons meet investors looking for high interest opportunities.  Lending club is a web based platform that provides you (investor) the opportunity to earn interest rates in excess of 10% per year.  This platform enables you to diversify your investments to many different lenders starting as little as $25 in any single loan so you don’t have to be concerned with any one of them going bad.

4. Real Estate Investment Trust (REIT)

Say you want to invest in real estate but don’t want to be hands-on or have the capital to fund one yourself; then you should look at REITs.  They trade like stocks and have succulent yields.  New Residential Investment Corp (NRZ) is one of the REITs that has performed well in the past year (up 25.48%) and currently yields over 11% as of this writing.

5. Share your gift

If you have unique gifts, talents or expertise, you can use many platforms such as YouTube video, online courses, books and more to monetize.  Even though it’s a lot of work to create upfront, once it’s finished, it will provide residual cash flow.

Have you tried any of these or are you thinking about trying one of these ideas now? Like, share, subscribe and leave a comment! Will look forward to hearing from you.