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What is a Lodestone?

Lodestone is a naturally magnetized piece of the mineral magnetite. This magnetism gives it the ability to attract iron.

While magnetite itself is fairly common, not all magnetite is a lodestone. Believe it or not, lodestones are relatively rare as they are theorized to be the result of lightning strikes in or around the area in which the magnetite is found. And not all pieces of magnetite can become permanent magnets in this way. It takes a specific crystal structure within the mineral to allow it to hold the charge.

If it were not for the discovery of lodestones, we would not know as much as we do now about magnetism as lodestones were not just a critical component of the study of magnetism, we discovered magnetism because of lodestones. In fact, lodestones were so important that they were used to create the first compasses.

 

Fun fact: The name lodestone comes from a Middle English word lode. The word lodestone translates literally to “leading stone”.

 

Due to the magnetic nature of lodestones, they are often used in folk magic practices with the goal of attracting money into your life. While this blog post is focused on attracting money with a lodestone, you can use them for a variety of other spiritual workings. As they are magnets, they are useful for all sorts of attraction spells and conjure work.

Need to bring two people together? Lodestones can help with that. Need to draw some negative energy off of you? Lodestones can also be used in that way. Most magickal practitioners, however, think immediately of money spells when lodestones come up. 

To prepare your lodestone to start drawing money to you, there are a few things you need to do.

Fixed Lodestone for Attracting Money

How to Use a Lodestone to Attract Money

Cleansing a Lodestone

Before you begin working with your lodestone, you need to cleanse it really well as you don’t want it drawing into your life all the various energies that it has come into contact with over time. The way I cleanse my lodestones is relatively simple. I just take some Florida Water that has had a few cleansing herbs added to it and I rub it all over the stone while I pray that all past influences and built up energy is removed; providing me with a clean slate with which to work.
However, you do not have to follow my method, you should do what feels right and resonates the most with you. You could suffumigate the stone with various smokes, bury it outside overnight, leave it on you altar or working table for a few days, etc. The method that you use is not the important part. The most important thing is that you actually get all the spiritual gunk off of it in whatever way you know how.

Waking up a Lodestone

Once you’ve cleansed your lodestone, it’s time to begin building up its spirit up, for lack of a better term. You do this by spraying it with whiskey or rum from your mouth. You could also simply pour alcohol over the stone, if you prefer. The reason I recommend spraying it from your mouth, however, is because this allows the energy and spirit of your breath to adhere to the lodestone.

This has a couple different spiritual functions; it gets the spirit of the lodestone to wake up (this is due to the heat of the alcohol) and it ties it to you spiritually as you are placing your own energy and life force onto the stone via your breath and saliva. Your saliva contains your DNA, so you are very much physically imprinting your essence onto the stone, to a degree. So ultimately, this step provides an initial life force onto the stone, giving it its own life while also connecting it to you.

 

Fun fact: the reason liquors are often referred to as “spirits” is because during the distillation process it looks like the spirit of the alcohol coming out (evaporation) and then getting captured (condensation).

Choosing a Name for Your Lodestone

After you’ve woken up the lodestone, just sit with it for a while and try to “hear” or feel what name comes to you. It might be clear as day in your ear, a feeling that you associate with a name, or even just a simple thought. Hold the stone cupped in both hands as you listen for what it wants to be called. If no name comes to you after a few minutes, pick one for it yourself.
If no name comes from the lodestone, take this as a sign that the lodestone does not have a preferred name and instead is simply waiting on you to pick one.

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Baptizing a Lodestone

Once you’ve settled on a name, you then baptize the lodestone and give it that name. The way you do this is to hold the stone in your left hand and use your right hand to make the sign of the cross over the top of the lodestone. As you make the sign of the cross over the stone, you can speak a prayer from the heart stating that you are baptizing it into a life of spiritual magnetism or something similar. Much like with the cleansing, you can say whatever prayer you’d like here as this should be a sacred and personal moment. Seriously, it could be as simple as “I baptize you with the name of XXXX” and that would be perfectly fine.
Somewhere within your prayer, however, you do need to specify what its name is as this is the point of these movements; to make and solidify this name and spiritual birth. After you’ve done all of that, you hold it for a few more minutes while you just speak to it, telling it a little bit about yourself, about what its job in your life is, how you will reward it every week for its hard work, etc.

Dressing a Lodestone

With your lodestone awake, baptized and ready to go to work for you, you take a few drops of a money drawing oil and dress it your lodestone with it (rub it all over the stone).
If you need a strong money drawing oil, you can pick up a bottle of Bayou Root House Money Drawing Oil here.
While you are dressing the lodestone with money drawing oil, talk to it some more and let it know that you’re equipping it with the energy of the oil to help make its job a little easier. Essentially, you are giving it a tool to use aside from its own magnetism to help it draw money to you a little easier and with a better success rate.
When you are done speaking to the lodestone, pray Psalm 115:14 over it. This Psalm is useful for asking God for more increase in your life and to even provide generational wealth that doesn’t just end with you.

Feeding a Lodestone

Now that you’ve got your lodestone cleansed, woken up, baptized and dressed, it is time to feed it for the first time.
You do this by placing your lodestone on the plate you’ve chosen to keep it on, long-term. Choose a plate or bowl that you like as this will be the dish that your lodestone will live on and where you will be working with it over the years. Once the lodestone is placed on the plate, take some iron fillings and sprinkle a few pinches all over the stone the stone.
As you sprinkle the iron fillings, you say something such as “As I feed you, so too shall you feed me with money”. I usually do this every Thursday as it is an auspicious day for money work. But any day will work fine so long as you are feeding it regularly and preferably once per week.
Over time, those iron fillings will build up and make your lodestone look hairy! So, every month or two, when the iron fillings have built up, just dust it all off the stone and put the used iron fillings to the side. You can include those fillings in other money, success or attraction work. But you can also simply use them again and again to feed the lodestone every week.
Whenever I dust the iron fillings off my lodestones, I spray alcohol on the stone again and apply more money drawing oil to the stone. Then I immediately feed it with some fresh fillings for the first new feeding.