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How to attract more money into your life by creating a money magnet

Updated on September 24, 2014

Howt to Use the Laws of the Universe to Attract Money into Your Life

The Philosophy Behind a Money Magnet

A money magnet stands by the idea that money can be drawn to you. Therefore it is not just a technique in how to save money, its a philosophy.

So to really work a money magnet, I had to change the way I thought about money.

A couple of key points about the theory of a money magnet:

  • Money is energy
  • Money is fluid, like the wind, or like the tide going in and out
  • Setting the intent is an extremely important part of creating a money magnet
  • Knowing the rules of using a money magnet is just as important as creating one
  • Money is not limited

But I Only Make So Much Money!

So the "money is not limited" idea can be a tough thought habit to break - but it can be done.

I'll show you how in my mind, I adapted to the idea that money is fluid.

Wealth & Higher Consciousness

Money is Not Limited

Figuring It Out

For most of my life, I believed there was a limited source of money.

OK, lets see, If I make $500 this week, and I spend $200 on bills and $100 on groceries, I have $200 left. So money is numbers and I have to color within the lines.

Why doesn't it always happen that way? What if I get a $50 bonus for opening up that credit card account? Then there's that coupon for $10 off for every $100 spent to shop at a different grocery store. Now I'm ahead, but only $10 for this weeks offer. The $50 won't credit to my account for another 3 weeks.

So my money is different this week, and will be different again in three weeks. Then 2 weeks from now I get a flat tire. Money in - money out. Money is moving around and fluid.

Even though my income technically was the same every week, I could change my thinking and see money differently when I thought of it as fluid.

Money is Energy

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Money is Energy

Money is energy. I expend energy (work) to get money. I expend energy to spend money.

I work overtime and expend more energy I get more money.

I don't show up for work and stay at home watching movies...... well.... You get the idea.

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Poverty Consciousness or "I can't afford it!"

Poverty consciousness is a state of mind.

It's easier to say, "I can't afford it." But more empowering to say, "I don't want to spend my energy that way."

I really want that tattoo but I can't afford it. Well if I don't pay my electric bill this month I could get the tattoo. It's a choice.

Or, I could get that pretty bracelet, but then I wouldn't be able to buy dog food . . . OK, priority, choices. We make choices in life, every day. Besides I LOVE my dog!

I can flip my hair back and say, "Ahem, I choose not to spend my money that way." It's much more freeing, more empowering, and goes along way towards setting the intent. My dog feels better too.

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The RULES of creating and using a money magnet

t's not just about creating (saving) a money magnet, but also using (spending) a money magnet.

Rules for creating a money magnet:

  • Set aside 10% off the top. Right away, the day you get paid. This is tything to yourself.
  • 10%, no more no less. Playing around with more or less taxes the brain, no pun intended.
  • Set it aside as cash. Pay yourself. If you put it in the bank, the bank gets the magnet effect. Look at how much money banks have!

Rules for using a money magnet:

  • Only use your money magnet to create more ways to draw more money to you.
  • Never use all of your money magnet at once.

Just as money is fluid, a money magnet has an ebb and flow as well. There are times to create a money magnet and times to use one. You don't want to get too far out of balance on this.

Pull Money to You

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Is it Really a Magnet?

The more you create, the stronger the magnet becomes. The easier it is to create your money magnet.

Isn't this fun!

How I began to build my money magnet

To be honest, starting a money magnet for me was easy. Easy because I put so little away at a time.

I was working as a bartender, so I came home with cash every night. If I came home with $100, I stuck $10 in an envelope and put it in my dresser drawer. Because it was late when I got home and my money was in cash, I wasn't tempted to spend it and I couldn't pay a bill with just $10.

I was able to pay myself first and I was actually surprised at how quickly this built up.

Build Equity

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Using the Money Magnet

Remember the rule, use the money magnet on something that has the probability to draw more money to itself. Like a house! - that could draw more money by building equity.

I had been building my money magnet for about two years when I purchased a house in 1994. I used $4,000.00 of my money magnet as a down payment.

I purchased this house for $113,000 and in 2002 I sold the house for $199,000. So I had to look at the purchase of this house as a magnet! What did I do with the profit? Yep, I put it back into my money magnet. Most of it went to the purchase of another property. The rest I kept as money magenet cash.

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Taking it to the bank . . . or getting it from the bank!

I'm not bartending anymore, so now when I get paid I physically go to the bank. Before paying any bills, I withdraw 10% in cash.

By getting into the habit of paying myself first and setting aside just 10%, I changed my mind set. And with that, my whole life changed.

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Have you ever saved money this way?

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    • sparkleyfinger profile image

      Lynsey Harte 2 years ago from Glasgow

      Very interesting hub. I am seriously considering this as I have recently purchased a new home, and reckon I need to retrain the way I use my cash. Voted up, useful and interesting! Thanks

    • Hankscita profile image
      Author

      Sandy 2 years ago from Florida

      Thank you for reading my Hub - and I'm sorry I've taken so long to reply. I took a step back from Hub pages for a bit. My money magnet has worked very well for me - hope you have the same success.

    • poetryman6969 profile image

      poetryman6969 2 years ago

      An interesting take on ideas like manifesting, The Secret, and intention.

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