There are five ways to monetize your Twitch channel: selling products, brand sponsorships, fan donations, subscriptions, and Twitch ads. As a Twitch streamer, you’ll want to focus on tapping into all five monetization methods to ensure the highest financial gains. With the right strategy and hard work, you can make a lot of money hosting Twitch streams.

19. Invest in stocks

You can also make money fast by investing in stocks. If you aren't an expert in picking stock, you might want to skip this money-making idea. While it can have one of the highest rewards, it can also result in money loss if you're inexperienced.

If you currently hold a 9-to-5 job, look into your company's financial programs. Do they allow you to invest in company stocks? If so, sign up for it. At least with a company stock program, you have some influence on the organization's success as an employee. If your company has an RRSP matching program, you can also sign up for that if your goal is to save up for retirement or a down payment on your first home.