How much money do billionaires make while sleeping?
Imagine being able to make money while sleeping. As you snooze away, with each hour and each minute that goes by, your net worth goes up. It is possible to make money in your sleep, and even though it will probably take a lot of work and time to achieve this, this is one goal that will set you up for success for a very long time.
To learn how to achieve this, it helps to look at some of the most successful people in the world like Elon Musk and Jeff Bezos who keep climbing the financial hierarchy even when they down tools for the day.
How much do successful people make in their sleep?
Curious to know just how much money some of the richest and most successful people in the world make while sleeping each night? We crunched the numbers:
|Name||Net worth||Earning per year||Earnings per day||Hours of sleep||Earnings per night while asleep|
|Jack Dorsey||$12.5B||$7B||$19.2 M||6||$5.6M|
|Peter A Thiel||$7.12B||$4.52B||$12.4M||6 to 7||$3.1M to $3.6M|
*Numbers based on net worths 15 December 2020
How do successful people make money while sleeping?
Are you wondering what you would need to do to make money in your sleep? Here is how some of the highest earners in the world have done it:
They use their 24 hours a day optimally
You have 24 hours in a day, the same 24 hours that Elon Musk, Jeff Bezos, Oprah, Mark Zuckerberg and Bill Gates have in a day. You might work 8 hours a day and get paid a certain salary per month, which will work out to a certain amount per hour. But your daily earning potential is not limited to 8 hours per day.
These successful people have set up their lives, so that they don’t only make money during the hours they work, but also while they are taking time to exercise, spending time with loved ones, and even while they are sleeping.
The key is to use your 24 hours in a day optimally and to set up your career so that other people use part of their 24 hours in a day to help you make more money. These billionaires don’t work alone, they get help from others.
If you can pay one person to dedicate 8 hours of their day to help you succeed, and you work 8 hours a day, then all of a sudden, you have 16 hours a day. If you hire another person, you have an extra 24 hours being spent towards your success a day.
Imagine if you had 100 employees. No, go big and imagine having 1,000 employees. If each of them works 8 hours a day, 8,000 hours a day will be dedicated per day towards your success.
Many successful people work more than 8 hours a day, but you get the idea. For example, Elon Musk works 14 to 16 hours a day, Mark Zuckerberg works 10 to 12 hours and Sheryl Sandberg works just over 10 hours a day.
Jeff Bezos has one of the most enviable schedules and works 7 hours a day.
They have multiple sources of income
Most billionaires don’t only have one source of income. That way, if they lose a source of income, they still have others they can depend on.
Millionaires and billionaires will typically have one or two main sources of income, which are typically the businesses they dedicate most of their time and energy to and then they get the rest of their income from passive income sources.
Passive income is money that you make without having to do anything. It could come from sources like real estate investments, book sales, business investments and capital gains.
The importance of sleep for performance
Your productivity and effectiveness in the workplace will go down significantly if you don’t get enough sleep at night. How exactly does a lack of sleep affect your mental performance?
We’ll start with the obvious side effect of poor sleep. Cognitive performance at work. If you are tired at work, you won’t be able to perform at your best. In the same 8-hour workday, for example, after getting only 5 or 6 hours of sleep, you might only get 75% done of what you would have been able to on 7 to 9 hours of sleep.
Not getting enough sleep slows learning and can impair your memory. When you learn new information or a new skill, your brain forms new neural networks and this requires the formation of myelin sheaths that wrap around neurons. This mostly happens while you are asleep. During sleep, your brain processes the information you learned during the day. You will be able to recall what you learned the previous day better after a good night’s sleep, and you will also be able to perform new tasks and skills better, like writing.
Who knows, maybe you will be the next Elon Musk or the next Oprah. It is important that you develop good sleep habits and a good sleep routine now so that when you are hard at work building your empire, you can give every day your all and perform optimally.
And then, each night when you go to bed, your new neural networks grow, and you rest up for the next day, your bank balance will hopefully grow too.