Method for magnetically attaching and detaching portable items

A method for removably attaching a first portable item to a second portable item, wherein the second portable item is usable in association with the first portable item, wherein the method comprises the steps of:

• a. removably inserting a first lightweight non-electric magnetically attractable component with a first face into the first portable item, forming a first lightweight non-electric magnetically attractable item;
• b. removably inserting a second lightweight non-electric magnetically attractable component with a second face into the second portable item, forming a second lightweight non-electric magnetically attractable item;
• and
• c. allowing the first lightweight non-electric magnetically attractable item to magnetically engage the second lightweight non-electric magnetically attractable item, forming a detachable magnetic assembly, wherein the first and second lightweight non-electric magnetically attractable components each comprise a global positioning system transmitter communicating with a GPS satellite network, and a global communication network, and at least one processor associated with at least one data storage, and wherein the data storage has computer instructions instructing the processor to operate an executive dashboard showing worldwide usage of each lightweight non-electric magnetically attractable component.