The Power Is Now Wealth Initative

The Power Is Now Inc.

www.thepowerisnow.com

by Eric L. Frazier MBA President and CEO

800-401-8994 x 703

Multimedia Education Company Specializing in Real estate, Lending

Banking and Financial Literacy

Mission

The mission of the Power of Now Inc. is to inspire, educate,

and empower real estate professionals, and consumers to

achieve the success they desire with information and

motivation that will cause them to act now. Our mission is

to also provide services and support to consumers and real

estate professionals that will result in greater clarity on their

personal mission of financial stability and focus on living

out their purpose and plan to achieve their goals.

Vision

The vision of the Power is Now is to be the number

one source for support, information, expertise and

motivation for all real estate professionals, and

consumers in the United States and the world. Our

vision is to empower people to take their personal

development, goal achievement, productivity and

profitability to the highest level of their capability.

We are at our best and we maximize our

success when we act now.

The Power Is Now!

Our Slogan

Own Real Estate Now!

The Pathway to Power & Wealth

The Power Is Now Wealth Initiative


The Power Is Now Buyers and Sellers Club

http://www.thepowerisnow.com/

The Power Is Now Inc. has created the Buyers

& Sellers Club, a wealth initiative that seeks

economic empowerment for Americans by

changing attitudes toward financial literacy and

financial independence.


The Objective of the Wealth Initative is to encourage:

1.) Knowledge - Knowledge is Power

2.) Commitment to Financial Independence - Take Individual responsibility

3.) Investment in real estate - Renting is no longer an option

4.) Financial and Credit Management - Living on budget and not abusing credit

5.) Creating Wealth - Commit to Leaving an inheritance for your family

All 5 enables Reinvestment in Children, Businesses, and Community


The Power Is Now wealth initiative seeks

economic empowerment for all people by

changing their mindset toward financial literacy

and financial independence.


Minorities are in a crises

The State of Housing for

Minorities

The State of Housing for Minorities

African American and Hispanic communities

were hit the hardest by the Great Financial

Crises and have the farthest to climb before

home values get back to their pre-recession

prices.


The homeownership rate in the U.S. is 63.5

percent overall. The rate among whites is 71.1

percent; Asians, 57.8 percent.

Blacks 41.9 percent

Hispanics 45.2 percent


Economists confirmed that non-white loan

applicants are disproportionately denied home

loans based on the most recent HMDA Data.


In 2013, 27.6 percent of blacks and 21.9

percent of Hispanics who applied for a

conventional mortgage were denied, while only

10.4 percent of white applicants were denied.

State of Housing for Minorities

If housing continues to be the primary

vehicle that Minorities use to create wealth

then they are on the path to an Economic

Crisis!




10–Point Wealth Building Pledge



"I, (state your name), from this day forward, declare

before my God, my family and my community a renewed

commitment to build wealth and to leave a legacy and an

inheritance for my church, my family and my community. I

pledge the following:



The Power Is Now Wealth

Initiative

1. To save and invest 10 to 20 percent of my after–tax income

2. To be a proactive and informed investor in real estate

3. To be a disciplined and knowledgeable consumer in my

spending

4. To measure my personal wealth by net worth and not my income

5. To engage in sound budgeting, credit and tax management

practices

TPIN’s 10–Point Wealth Building Pledge

6. To teach business & financial principles to my children & demonstrate

them in my actions

7. To use a portion of my wealth to strengthen my community and my

church.

8. To be humble and not live extravagantly saving instead of consuming.

9. To ensure my wealth is passed onto my church, my children, and my

community.

10.To maximize my earning power through a commitment to financial

literacy and professional development.

TPIN’s 10–Point Wealth Building Pledge

The Power Is Now Wealth Initiative Objectives:

1. Promote Homeownership & real estate investment via

online meetings & group counseling

2. Provides resources and educational opportunities for

buyers and sellers to achieve their goals

3. Provide a hotline for questions and answers regarding

the purchase of real estate

4. Provides business opportunities to buy and/or invest in

real estate.

Black-White Economic Divide

The Wealth Gap

Research Study on the Wealth Gap

Brandeis University Institute of Asset and social Policy

RESEARCH AND POLICY BRIEF FEBRUARY 2013

The Roots of the Widening Racial Wealth Gap:

Explaining the Black-White Economic Divide

Authored by:

Thomas Shapiro

Tatjana Meschede

Sam Osoro


Data for this analysis was derived from the Panel Study of

Income Dynamics (PSID), a nationally representative

longitudinal study that began in 1968. They followed nearly

1,700 working-age households from 1984 through 2009.


● The goal of the study was to examine the effect of

policy and institutional decision-making on how average

families accumulate wealth.

● There was a insufficient number of Latino, Asian

American, or immigrant households to include in this

report but the results can be applied across

communities of color.

What is Wealth?

All families need wealth to be economically secure and create

opportunities for the next generation. What is wealth?

● Wealth is what we own minus - what we owe

● Wealth allows families to move to safer neighborhoods,

● Invest in businesses and community

● Save for retirement

● Support their children’s college aspirations

● Leave a legacy and an inheritance

Wealth provides a measure of security when a job loss or other crisis strikes.

The Great Recession

The Great Recession of 2007-2009 devastated the wealth of all families

except for those with the most. In the U.S. today, the richest 1 percent of

households owns 37 percent of all wealth.

In 2009, a representative survey of American households revealed that:

the median wealth of white families was $113,149 compared with

$6,325 for Latino families and $5,677 for black families.

Why when the GDP of African American is 1.3 Trillion

dollars and 1.5 Trillion dollars for Hispanics? Consumption!

Great Recession and Great Gap

The Great Recession of 2007-2009 brought long-term high unemployment.

This underscores the critical importance wealth plays in weathering

emergencies and helping families achieve financial security and opportunity

Tracing the same set of families over a 25-year period (1984-2009), the total

wealth gap between White and African-American families nearly tripled,

increasing from:

● $85,000 in 1984 to $236,500 in 2009

The Gap: $152,000 and growing

Blacks & Hispanic Homeownership Rates in 1994: 40 & 42% respectively. Blacks achieved

a high of 50% in 2004. In 2014 Blacks are at 42.5% and Hispanics are at 43.5% Hispanics.

Impact by Weight:

The biggest drivers of the growing racial wealth gap are:

1. Years of homeownership 27% 2. Household income 20%

3. Unemployment, 9% which is much more prominent among African-

American families

4. A college education, 5%

5. Inheritance, financial support by families 5%

6. Preexisting family wealth, 3%

7. Labor market instabilities ?%

8. These fundamental factors count for nearly two thirds (69%) of the

proportional increases of the wealth gap.

The Power Is Now Wealth Intitative

Homeownership can make the difference

between:

1. Improving your life and where you live

2. Providing for your children’s education

3. Creating wealth in equity for investment

4. Creating stability for your family

5. Avoid retiring in poverty

You're not building wealth if you use all your money for

consumption.

Real wealth is being able to say, 'I have the freedom to do

what I want with my life, and to live my life on my terms.

53% of the wealth of African American is in real estate and

it is 39% for Hispanics. Real Estate is the chosen path for

wealth creation for minorities.

Your Power Is Now


Buyers and Sellers Club


Real Estate the Pathway to Real Wealth


Financial Independence

Financial dependence to Independence is the

result of using your wages to purchase real

estate and other assets over time.

Real Estate generates income and equity that

can replace your wages over time and/or it can

be sold for cash for retirement.

Real Estate & Inflation

Inflation robs us of our purchasing power. It

cannot be stopped. Every year everything cost

more. For example:

In 1980 if you bought a house for $100,000

● Based on Avg. Inflation per year of 3.06%

what is it worth today?


Inflation - Friend or Enemy? It is your enemy if

you are renting but your friend if you own

property.



what is it worth today?

$287,300.96




what is it worth 2045?


In 2015 if you bought a house for $287,300.96



$825,415.66


Inflation: Friend or Enemy?

It is your enemy if you are renting.

$825,415.66

Median Price in Anaheim $450,000

• Average price per square foot for Anaheim

CA was $320, an increase of 7.7%

compared to the same period last year.

• The median sales price for homes in

Anaheim CA for Dec 14 to Mar 15 was

$450,000 based on 329 home sales.

• Source: http://www.trulia.com/real_estate/Anaheim-California/

Median Sales Price - $450,000

http://www.trulia.com/real_estate/Anaheim-California/Source:


Inflation robs us of our purchasing power. It

cannot be stopped. Every year everything cost

more. For example:

In 2015 you bought a house for $712,00




Inflation Friend or Enemy? Enemy if you are

renting.

In 2015 you bought a house for $701,500


what is it worth in 2025 -10 years?

$956,868.46

KNOEMA US Inflation Forecast 2013-2015 Data and Charts

https://www.rentjungle.com/average-rent-in-anaheim-rent-trends/

FHA 3.5% Down Payment

Condo for sale:

Purchase Price: $369,900.00

Down Payment: $12,946.50

Loan Amount $363,200.19

PITIMI and HOA: $2,757.96

HOA: 332.00

Rate: 3.75% | Apr. 5.11%

$369,900

2025 - 10 years

Power of Inflation in building Wealth

Value Inflation Rate Potential Equity

$497,115 3% $127,215

$602,528 5% $232,628

$727,649 7% $357,749

https://www.rentjungle.com/average-rent-in-anaheim-rent-trends/

On the Market for 6 days

Closes on Monday


Interest Rates – 1985 to 1981

Interest Rates – 2006 to 2008


Condo for sale: What if Rates go up?





HOA: 332.00

Rate: 6.75% | Apr. 8.54%

Payment Increase: $674.57


Condo for sale: What if rates go up?





HOA: 332.00

Rate: 10.75% | Apr. 13.28%

Payment Increase:$1,709.95

The Power Is Now Hotline

800-401-8994 ext. 710

7 days a weekMon – Sat. 7:00 AM to 7:00 PM PST

Sunday 12:00 PM to 5 PM PSTThepowerisnow.com Buyer & Sellers Club



Join today



The Power Is Now Inc.


by Eric L. Frazier MBA President and CEO

800-401-8994 x 703

Multimedia Education Company Specializing in Real estate, Lending

Banking and Financial Literacy

The Power Is Now Wealth Initative

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