What if there was a principle that attracts money to you on autopilot? I know you're probably
thinking that sounds like complete nonsense, right? But have you ever wondered why some
people seem to have money just flying to them and you have to work really hard for it yourself?
Of course this can have several reasons, but one of the most effective ways to change this
is to install a money magnet. That it works has already been proven through several tests
and proofs of success clearly, therefore what you get in today's video is the exact construction
manual for such a money magnet.
And before we dive into the topic : Hello and welcome back to our channel ! And if you
are new here : We are the finance nerds and on this channel we are helping hardworking
people like you to get more out of your hard earned money by showing you how to use your
money in the most effective way. Remember to give this video a thumbs up at the end,
if you got value out of it and now let’s start !
Before I tell you the exact building instruction, which really very simple and quickly implemented,
I would like to tell you in advance the 2 biggest disadvantages of this money magnet.
1. it is so simple that you will underestimate it.
2. because it works so well, you will start to break it.
And yes, I know that sounds too good to be true, but this is not magic, but a principle
that has been mentioned in several financial books.
But how do you build such a money magnet now?
The setup is so simple that you can do it right away after watching this video.
You take 10% of all income coming into your personal account and transfer that 10% to
a separate bank account and you never touch that money!
So again you take 10% of all income coming into your personal account into a separate
savings account and you never touch that money. Did I promise too much that it's really that
simple ? However, before you already want to end the
video, I must tell you that there is more to know about it. The setup is very simple,
but the handling of the money magnet is even more difficult !
Because you have certainly heard or read more often about the 10%, but no one tells you
that it is a money magnet and most neither use nor tell the full potential of it.
So why does this money magnet work at all ?
As I have just mentioned that you know this 10% certainly already from several financial
books and certainly then also heard that one then becomes rich by the reserve account,
completely after the principle "pay yourself first", I must disappoint you first briefly.
This money magnet is not about the fact that one becomes rich by the reserves, but that
these reserves, if you build them afterwards, attract more and more money. By installing
this money magnet and never taking down a penny, it leads to an account whose balance
only ever increases and becomes more. The Germans even have the saying 'money comes
to money'. And what are the fatal mistakes in dealing
with the money magnet ?
I would like to tell you a short story about this:
I know someone who set up the money magnet exactly this way and did it consistently for
3 years. He had accumulated so much money on his accounts over these 3 years and not
only on his money magnet account, but on all of them, that he now asked himself "Why continue
to build up reserves ? I have enough money in my account anyway."
Guess what happened 3 years later ? Right as fast as his fortune had built up,
so magically it disappeared again. What had happened ? My acquaintance stopped supplying
the money magnet with electricity, i.e. with money. As soon as you stop supplying the money
magnet with electricity for any reason, it will no longer work for you. You must bring
the consequence, neither to take money from this account down and also to supply always
further and never to stop. Setting up a money magnet not only has an
impact on your net worth, many success stories also showed an increase in income.
And now, a quick bonus tip on how you can set up a money magnet even though you have
debt. Many wondered if you should set it up even if you have debts and there is only one
answer: YES! As I mentioned earlier, the success stories
also showed an increase in income and generally to a better financial situation.
If you have debts, divide the 10% reserves into 5% for debt repayment and 5% for setting
up the Money Magnet.
If you enjoyed the video and now want to know more about how to take control of your finances,
click on the video to the right to save hundreds of dollars without thinking about it or check
out the video description. There you will find more videos and resources to help you
have more money at the end of the month.
And remember to hit the like button if you are willing to take control of your finances.
see you in the next video.