How Wealthy People Own or Create ‘Money Magnets’

One of the things I’ve noticed in the past decade and a half is that anyone who has become successful did so by creating their own ‘money magnets.’

Maybe you know someone who owns real estate, and they’re making money on a weekly or monthly basis from their rental property.

Or maybe you know someone who owns their own coffee shop or bakery, and is making money from that business, while their employee runs the day-to-day operations.

I consider these to be ‘money magnets’—in other words, a money making machine!

What a ‘Money Magnet’ Is

A money magnet is a source of income that’s coming in, in addition to your career, or your job, and one that continues to come in while you vacation, or get injured and can’t work, or while you sleep.

Your job isn’t a money magnet, because that’s money made for the number of hours you worked. Even if your salary is higher than most (being a doctor or lawyer for example), you are paid a salary for the amount of time you work each week.

You agreed when you signed on for that particular job that you would work 40 hours, or 50 hours, and as you work to fulfill that obligation every week, your pay reflects that commitment.

So, what happens when you get sick and have to stay home for a few days?

Or, what happens if you need to have an emergency operation, and you’re in the hospital recovering for a week or more?

How will you continue to bring money in to pay your bills, feed your family and in all other ways, keep your ‘ducks in a row?’

A money magnet is a big aspect of becoming wealthy and continuing to bring wealth in your life. Most people work to live—but the wealthy live by another motto: Work to live out all of your dreams, wishes and desires for the future.

They dream big.

And why not? If you’re going to go for something in life, why not dream as big as you can?

Developing a ‘money magnet’ can help you get there.

I know a LOT of successful people.

On my skype contact list alone, I have over one hundred millionaires that I have built relationships with in the last fifteen years—and each one of them have created that amount of success for themselves by developing a money magnet in their life.

Just how have they done that?

The answer may surprise you, as making money today—with today’s technology—has opened up doors for people in nearly every market.

In fact, so many people are making passive money online, that it’s considered the new ‘real estate.’

I have friends that are doing very well making money with small websites—which are little money magnets that make much more money than you’d think.

In fact, for the amount it takes to build your own website, it’s costing you thousands and thousands of dollars cheaper than buying a house.

But, whether you begin making money online and offline, embrace it! Just outside of your comfort zone is where the wealth is!

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