Post on 21-Jul-2016
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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
www.thepowerisnow.com
The Power Is Now Buyers and Sellers Club
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 Power Is Now Wealth Initiative
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
The Power Is Now wealth initiative seeks
economic empowerment for all people by
changing their mindset toward financial literacy
and financial independence.
The Power Is Now Wealth Initiative
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 State of Housing for Minorities
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
The State of Housing for Minorities
Economists confirmed that non-white loan
applicants are disproportionately denied home
loans based on the most recent HMDA Data.
The State of Housing for Minorities
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!
"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:
10–Point Wealth Building Pledge
10–Point Wealth Building Pledge
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
Research Study on the Wealth Gap
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.
Research Study on the Wealth Gap
● 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
The Power Is Now Wealth Initiative
Buyers and Sellers Club
www.thepowerisnow.com
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?
Real Estate & Inflation
Inflation - Friend or Enemy? It is your enemy if
you are renting but your friend if you own
property.
In 1980 if you bought a house for $100,000
● Based on Avg. Inflation per year of 3.06%
what is it worth today?
$287,300.96
Real Estate & Inflation
In 2015 if you bought a house for $287,300
● Based on Avg. Inflation per year of 3.06%
what is it worth 2045?
Real Estate & Inflation
In 2015 if you bought a house for $287,300.96
● Based on Avg. Inflation per year of 3.06%
what is it worth 2045?
$825,415.66
Real Estate & Inflation
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:
Real Estate & Inflation
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
● Based on Avg. Inflation per year of 3.00%
what is it worth 2025?
Real Estate & Inflation
Inflation Friend or Enemy? Enemy if you are
renting.
In 2015 you bought a house for $701,500
● Based on Avg. Inflation per year of 3.00%
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
FHA 3.5% Down Payment
Interest Rates – 1985 to 1981
Interest Rates – 2006 to 2008
FHA 3.5% Down Payment
Condo for sale: What if Rates go up?
Purchase Price: $369,900.00
Down Payment: $12,946.50
Loan Amount $363,200.19
PITIMI and HOA: $3,432.53
HOA: 332.00
Rate: 6.75% | Apr. 8.54%
Payment Increase: $674.57
FHA 3.5% Down Payment
Condo for sale: What if rates go up?
Purchase Price: $369,900.00
Down Payment: $12,946.50
Loan Amount $363,200.19
PITIMI and HOA: $4,467.91
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
The Power Is Now Wealth Initiative
www.thepowerisnow.com
Join today
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