Why Eclipse Financial Services

Eclipse Financial Services

Hi, my name is Reggie Moon.  My wife Sindy and I own a Real Estate Company on the Southside of Atlanta, Georgia.  Three years ago we added financial services to what we do for a very simple reason. Two out of one hundred people are going to buy a house this year, two! Out of those same one hundred people there are eighty five of them that are in for the biggest financial train wreck that has been seen for generations. So if you are in the business of helping people like we are, would it be better to JUST change folks address or change their financial trajectory?  I go with the latter.

Then who are going align with to help folks?    An entrepreneur that has done it maybe NEVER or one that has built not just one but two multi-billion-dollar market-cap financial services companies. We aligned with Hubert Humphrey with Hegemon Group International.    He originally built Primerica Financial Services and World Financial Group.  So if you are going to align with someone then why not go with someone who has already successfully done it.

If you do more than just change a family’s address then give me a call to discuss.  Reggie Moon, Eclipse USA Realty and Eclipse Financial Services.

Call or click 404-Eclipse(325-4773) www.404Eclipse.com

 

 

 

Master Your Money or It Will Master You!

People make several mistakes when saving and investing for retirement, and one of the biggest ones is not getting started because they think they need a large sum of money to begin, says Tony Robbins, 54, an inspirational speaker and best-selling author.

 

Some folks think investing and personal finance are so complex that they “never take the time to figure it out,” he says.  His goal with the new book is to “help the average person to cut through all the complexity and all the mythology that is sold to us about how you really can’t manage your own finances, and show them that the best people on earth have given them the guideposts and the steps to go from wherever they are financially to where they truly want to be.”

But his advice isn’t guaranteed to make you money. Even professional investors took different paths to their fortunes.

 

After researching the new book, Robbins developed what he calls the seven steps to financial freedom. Those are:

 

Step 1. Make the decision to become an investor, not a consumer. “You don’t want to own an Apple phone, you want to own Apple,” he says.

You have to commit a certain percentage of your income to savings for your financial freedom. Whatever that number is — 10%, 15% — stick to it in good times and bad. Have it taken automatically from your paycheck and put directly into a retirement or savings account.

 

Step 2. Become an insider on investing. Know the rules of the game. Understand mutual funds and learn what mutual funds beat the market or their benchmark over any 10-year period. Look into the fees you are paying on mutual funds and how that affects your financial future.

He says people also don’t read the fine print on their investments so they don’t realize what fees they are paying. Just like there is compounding growth, there are compounding costs, he says.

If you are only paying 1% in fees, you will probably end up with a lot more in your final nest egg than if you are paying 3% in fees, he says.

He points out that if you had a $100,000 investment and were lucky enough to get 7% annually, paying 1% in fees, you’d have about $574,000 after 30 years. If you paid 3% in fees, you’d only have about $324,000.

“What you don’t know will hurt you in the financial world. But once you know these things, you’ll be able to take advantage of the system instead of having the system take advantage of you.”

 

Step 3. Make the game winnable. “Most people have a number that’s so big that they never begin the journey,” Robbins says. Figure out how much money you need for financial security and financial independence. Calculate this and come up with a plan. Look for places you can save more.

 

Step 4. Evaluate your asset allocation. “You have to create a bucket list. You have to learn where to put your money to keep it safe and where to put your money to grow it with some risk,” he says. Put your money in different types of investments, such as stocks, bonds, commodities or real estate. Diversify your investments.

 

Step 5. Create a lifetime income plan. Make sure you won’t run out of income for as long as you live. “Income is all that matters. Assets won’t buy your food. They won’t let you travel. You have to focus on income. The investment community wants you to think about keeping your money in assets.”

 

Step 6. Invest like the .001%. “That means learn from the very best on earth (Schwab, Icahn, Bogle, Dalio, Forbes and others he interviewed for the book), and what you learn from them apply and you’ll achieve financial security faster than you will any other way.”

 

Step 7. Just do it, enjoy it and share it. Make a commitment to be wealthy now, not in the future. “Start where you are, and you’ll begin to find out that there’s more than enough.”

Robbins advises people to educate themselves in investing. It’s worth the time, and it’ll pay off. “You master money, or it masters you,” he says.

Based on article written by:

Nanci Hellmick

USA Today

Referencing book written by:

Anthony Robbins

Money: Master The Game

How much does a business start-up cost?

If you were going to start your very own business today, what would you start? What would you do? Would you provide a service? Would you sell a product? And what would your role be in the business? Now, ask yourself how much it would cost to actually start your business. How much would it cost to let people know you started your business? How long would it take before folks starting either buying your product or using your services? And then what would your overhead costs be? Then you have to start thinking about licensing costs and taxes to pay.

If it’s your first business, estimating start-up costs is uncharted terrain for you – and that can be completely terrifying.  Luckily, there are lots of resources out there for brand-new business owners.  The best way to estimate your business start-up costs is by drafting a business plan.  Keep in mind many of the start-up costs may be recurring, so you’ll need to keep paying them over and over again, either on a monthly, quarterly or annual basis:  rent, office supplies and payroll.

Additionally, when calculating your business start-up costs, a good rule of thumb is to be able to cover six months’ worth of expenses up front.  So don’t count on your businesses’ revenue to start easing your costs until after that early period is over.  You’ll want a cushion while you get your feet under you and work on attracting business.

*Start-up Expense                                                Estimated Cost

Equipment                                                            $10,000-$125,000

Incorporation Fees                                               Under $300

Office Space                                                          $100-$1,000 per/ee per/mo

Inventory                                                               $17-25% of total budget

Marketing                                                              0-10% of total budget

Website                                                                  About $40 per/mo

Office Furniture & Supplies                                10% of total budget

Utilities                                                                   About $2 per/sq ft of total office space

Payroll                                                                   25-50% of total budget

Professional Consultants                                   $1,000-$5,000 per year

Insurance                                                              An aver of $1,200 per year

Taxes                                                                    Variable, but 21% corporate rate

Travel                                                                   Variable

Shipping                                                              Variable

*Reported SBA 2018

Now that you’ve had a chance to begin the mental exercise, let’s actually consider a much lower cost and highly effective option. What if you could just partner with someone who is actually doing what it is that you’d like to do? What would the cost be involved and how much time would it take.

With all of that in mind …………….. here is an option to strongly consider.  Work with us, start making money and begin building your future. You then will be able to start building your very own dream business and not be in tremendous debt just starting out!  You never know, you might actually find you enjoy what we do a lot more than you think!

Let’s talk soon.

404-Eclipse (325-4773)

404Eclipse.com

Prepare for Abundance

I am convinced that one reason God has not blessed more people with financial abundance is because they have no idea what they would do with it if they had it!   They have prayed for financial blessings, but they have not begun preparing themselves to manage and invest their money. Faith does not wait until it sees the answer to prayer before it acts. Faith acts, and then it sees the answer to prayer. If we really believe that God is going to answer our prayers for abundance, then we should act on our faith and begin studying how to manage and invest money now.  Then, when the answer to our prayer comes, we will be able to go “Immediately” and apply what we know to cause our resources to increase.

B.Sadler 2019