Heigh-ho, Heigh-ho, let’s go to work, let’s go.
We dig, we dig, we dig, we dig, we dig, we dig, from morning to night.
We dig, we dig, we dig, we dig, we dig, we dig up everything in sight.
We dig up diamonds on account.
A thousand rubies, sometimes more.
But we don’t know why we are looking for them.
We dig, we dig, we dig, we dig.
Excuse the jingle, but if you have a certain demographic age, you may recognize these lyrics from the classic Disney movie Snow White and the Seven Dwarfs. Now, I’m sure most people won’t go to work singing (and certainly not a song like this), yet the message of this song is very easy to identify for most people today. Most people have a routine of getting up and running to a job in which, for the most part, they have no personal interest. You’ve probably heard the phrase “Another day. Another …”. Said dollar? Why do so many people know how this sentence ends? I think the reason is that most of society has been shaped by the mindset of the industrial age that has been passed down from generation to generation.
Today, many people reluctantly go to work almost on autopilot in a negative state. It is not debated that we all have to meet our obligations and responsibilities, but too many people have settled for a job simply to cash a paycheck. In fact, Forbes magazine conducted a study that said, “Unhappy employees outnumber happy employees two to one worldwide.” ^
Gone are the days of working for a company for over 40 years and earning your right to a solid pension. Today, more companies are downsizing, outsourcing and digitizing. A person approaching retirement these days finds themselves being replaced by someone (or something) else before hitting the “gold watch.”
For a moment, at your current income level, imagine that you could continue to pay, whatever that amount, on a residual basis. Week after week, month after month, year after year, your pay would appear in your account on time, without you ever having to go back to work. Pajama Money is a payment that will continue to appear for you whether you get out of bed or not. If you think this is far-fetched, think again. Musicians, authors, and even some actors are paid on a residual basis. For example, I think we can agree that Michael Jackson hasn’t released a new record in nearly a decade, yet according to Forbes, the King of Pop has made $ 2.1 billion (adjusted for inflation), since his death. *
Now if you are not an aspiring musician, author or actor, don’t be discouraged because you can create Pajama Money in other industries. I was first introduced to the concept of residual income at the age of 19 when I entered the financial services industry as a licensed insurance consultant. They told me that if I built a solid block of businesses, they could pay me for that business for years to come, even if I decided to walk away from the company one day. Well, that day came almost two years ago at the time of writing this article and I have always received my salary as promised by the company. Now I am working on a new project that also builds a secondary stream of residual income. That is ultimately the goal, to generate multiple passive residual income streams.
When you build passive residual income, you can start living life on your own terms. The status quo is trading your time for dollars, but take a moment to think about it; If you didn’t have to show up to earn your income, what would you start doing with your time? I’m sure you had some dreams that you just didn’t have the time available to pursue in the last few years. What are those dreams? If you get back in touch with them and find a viable vehicle that allows you to create passive residual income or, Pajama Money, then you could live the lifestyle you really want. You can choose when you want to work and not have your time tied to a paycheck. You can travel, spend more time with your loved ones, or do more of the things you really enjoy, like charity or volunteer work.
I leave you with this story about an old friend of mine who at that time had a sick mother. By the time his mother’s health began to deteriorate, he had already been building his business for at least a few years. Fortunately, thanks to the system he had created, he was able to be by his mother’s bed day and night, week after week, while she recovered. If she had had a traditional job and her employer had been generous enough, she would have been going to and from work to be with her in the hospital.
The fact is, even if you absolutely love your job, your boss, and all of your colleagues at work, residual income gives you options that put you in a position to be unleashed on a paycheck. For me, there is no better way to earn than from passive residual income because along with all its benefits, Pajama Money essentially provides something that I think everyone appreciates, and that is freedom.
If you haven’t started yet, it’s time to start creating the lifestyle you want! For a look at the system my team and I use to create Pajama Money, click here.