Today I got a great surprise as a job I did for a company last year got a renewal where I literally don’t have to do anything new and they simply paid me for another year of usage rights. Nice Christmas gift I guess is one way to look at it. Funny enough, I know most people would take residual money like these and start splurging. However, I always treated these funds as extra money to potentially invest in other things either to hopefully make more money or to somehow enhance my productivity.
One of my reasons for this is I don’t want to get lazy where getting a lot of extra money for the month technically means I don’t have to work as hard to accommodate any financial expenses as usual. For a lot of people that means working less because you can. Because this is a one off bonus of sort I would rather just keep working in order to maintain that financial boost to help make things better overall.
The most common example is a lot of people treat Christmas bonuses as a time to splurge and take time off. By the time they get back they are simply back to square one financially. Can you imagine if instead for a few years you treated those bonuses as an investment vehicle to try and create some residual income sources? If everything pans out you can end up getting say your first home faster or launching that new business project.