Heigh-ho, Heigh-ho, let’s go to work.

We dig we dig we dig we dig we dig we dig from early morning until late at night.

We dig we dig we dig we dig we dig we dig everything in sight.

We dig up diamonds by the loads.

A thousand rubies, sometimes more.

But we don’t know why we’re looking for them.

We dig we dig we dig we dig we dig.

Sorry for the jingle, but if you’re of a certain age, you might recognize these lyrics from the classic Disney movie, Snow White and the Seven Dwarfs. Now, I’m sure most people don’t go to work singing (and certainly not a song like this), however, the message in this song is very relatable to 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 vested 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 conditioned with the industrial age mentality that has been passed down from generation to generation.

Many people today reluctantly go to work almost on autopilot in a negative state. There is no debate that we all need to cover our obligations and responsibilities, but too many people have settled for a job simply to collect a paycheck. In fact, Forbes magazine did a study that said, “Unhappy employees outnumber happy employees by a ratio of two to one worldwide.”^

The days of working for a company for over 40 years and earning your right to a solid pension are long gone. Today, more companies are downsizing, outsourcing, and digitizing. A person nearing retirement these days finds themselves being replaced by someone (or something) before they hit the “golden clock.”

For a moment, at your current income level, imagine that you could continue to earn, whatever that amount is, on a residual basis. Week after week, month after month, year after year, your pay would appear in your account on time, without ever having to show up for work again. Pajama Money is a payment that will keep appearing for you whether you get out of bed or not. If you feel like this is farfetched, think again. Musicians, authors, and even some actors are paid residually. For example, I think we can agree that Michael Jackson hasn’t put out a new record in almost a decade; however, according to Forbes, the King of Pop has earned $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 advisor. They told me that if I built a solid block of business, I could get paid for that business for years to come, even if I ever decided to walk away from the company. Well, that day came almost two years ago as of this writing and I always received my payment as promised by the company. I am now working on a new project that also generates a secondary stream of residual income. That is ultimately the goal, to create multiple streams of passive residual income.

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 brief moment to think about it; If you didn’t have to show up to get your income, what would you start doing with your time? I’m sure you’ve had some dreams that you just didn’t have the time available to pursue in recent years. What are those dreams? If you contact them again and find a viable vehicle that allows you to create passive residual income or Pajama Money, then you could be living 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 loved ones, or do more of the things you really enjoy, like charity or volunteer work.

I leave you with this short story about an old friend of mine who at the time had a sick mother. When his mother’s health began to decline, 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 at his mother’s bedside day and night, week after week, while she recovered. If he had had a traditional job and her boss had been generous enough, he would have been coming and going, going to and from work to be with her at the hospital.

The fact is, even if you absolutely love your job, your boss, and all your colleagues at work, residual income gives you options that put you in a position to untether you from a paycheck. For me, there is no better way to earn than passive residual income because, along with all of 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! If you’d like to take a look at the system my team and I are using to create Pajama Money, click here.