Taylor Swift is going to be smelling quite wonderful. The smell of even more money flowing into her already immense bank account!

The 21-year-old singing sensation launched her new fragrance, Wonderstruck, on Thursday in New York City, where Access Hollywood guest correspondent Jill Martin got to the bottom of her magical scent – something her inner circle will be smelling a lot of in the coming days!

“Putting out your first fragrance, it’s been so much fun, because we worked on it for a year and made it really something I’m so proud of,” Taylor said.

“It’s something I really love, and something I want to wear every day,” she continued. “It’s really fun, and I love it. When people compliment me on the perfume I’m wearing, I can just be like, ‘Oh, yeah, it’s the one that I made!’”

It seems everyone has a fragrance, but Swift’s seems to be more from the heart as opposed to lets say Paris Hilton or Kim Kardashian.

With Swift’s charitable efforts, we at InsideCelebrities.com hope that she has great success with this line as she will undoubtedly give a percentage of her proceeds to some organization in need.

The feedback with Wonderstruck has been, well, sweet.

British Celebrity Reporter Nigel Pandomonium, a regular contributor to IC said ‘this has the makings of something we Brits like to call ‘serendipitous’. It may not be at the level of Victoria Beckham’s fragrance, but this is head over heels above the likes of Kim Kardashian’s or Lindsay Lohan’s. We all saw young Taylor sing her heart out with my good friends of Def Leppard, so you know she is welcome in our house anytime. Hopefully Gertrude will get a bottle for Christmas. “