There are many ways to make money while you sleep, but some of the most popular and effective methods include:
Investing in dividend stocks
Dividend stocks are stocks that pay out a portion of their profits to shareholders on a regular basis, typically quarterly. By investing in dividend stocks, you can earn a passive income stream that can continue to grow over time.
Creating and selling digital products
If you have the skills and knowledge to create digital products, such as ebooks, online courses, or software, you can sell them online and continue to earn money from them even while you sleep.
Building a blog or website
If you have a passion for writing or creating content, you can build a blog or website and monetize it through advertising, affiliate marketing, or selling your own products and services.
Renting out your property
If you have a spare bedroom or property that you're not using, you can rent it out to others and earn a passive income stream.
Starting a dropshipping business
Dropshipping is a type of e-commerce business where you sell products online without having to carry any inventory. When a customer places an order, you simply contact the supplier and they will ship the product directly to the customer.
It is important to note that there is no one-size-fits-all answer to the question of how to make extra money in retirement. The best approach will vary depending on your individual circumstances and goals.