The Power Is Now Budget Plan by The Power Is Now Media Inc.

THE POWER IS NOW BUDGET PLAN The Power Is Now Budget Plan

START YOUR BUDGET NOW

The key to success in Budgeting is having Integrity.

AGENDA  Introduction  About the Power Is Now Inc.  Mission and Vision  The Power Is Wealth Initiative  The Power Is Now Budget Plan

WWW.THEPOWERISNOW.COM Multimedia Education Company Specializing in Real Estate, Lending, Banking and Financial Literacy Eric L. Frazier MBA President and CEO CAL BRE 01143485 NMLS 461807 800-401-8994 x 703 The Power Is Now Inc. CAL BRE 1980407 NMLS 1435243

INTRODUCTION  Married 35 years 4 Daughters One in College., Three MBAs. All In Real Estate  Born in Memphis Tenn. Native IE. San Bernardino. Residence - Riverside 15 years.

 University of Redland Graduate  Degrees: BSBAM, & MBA in Finance  35 years as Lender/Mortgage Banker

INTRODUCTION The Power Is Now Inc.  The Power Is Now is a multimedia company has been around since 2009.  The Power Is Now Inc. is licensed to sale real estate CAL BRE 1980407 and

 The Power Is Now Inc. is license to broker mortgage loans NMLS 1435243. Founder and Broker Eric L. Frazier MBA CAL BRE 01143484 & NMLS 461807 As a Mortgage Brokerage, The Power Is Now has access to many lenders that offer programs for first time homebuyers, move up buyers, investors, churches, nonprofits and foreign nationals. We are a full service mortgage brokerage.

MISSION The mission of the Power of Now Inc., is to inspire, educate, and empower real estate professionals, and consumers to build wealth through real estate with information, services and support that will give them the power to act now for their future.

VISION The vision of the Power is Now is to be a powerful resource for real estate professionals, and consumers to buy and/or sell real estate to achieve their personal, family and business goals to build wealth and leave an inheritance and legacy for their family.

OUR COMPANY SLOGAN IS OUR NAME The Power Is Now! We are at our best and we maximize our success when we act now.

THE POWER IS TO OWN REAL ESTATE NOW!

THE PATHWAY TO POWER & WEALTH

THE POWER IS NOW WEALTH INITIATIVE WWW.NEVERRENTAGAIN.COM

BUILDING WEALTH INITIATIVE WITH REAL ESTATE

THE POWER ISNOW WEALTH INITIATIVE Changing your mindset toward financial literacy and wealth building.

www.neverrentagain.com Five Key Objectives

THE POWER ISNOW WEALTH INITIATIVE Five Objectives: 1.

Knowledge - Knowledge is the Power you need to build wealth. 

Commitment to Financial Independence – We must take Individual responsibility for our lives. 

Knowledge always comes before money or the money will soon be gone.

Commitment requires disclipine and discipline requires a budget and accountability

Investment in real estate - We must prioritize ownership in real property as opposed to personal property. 

Real Property appreciates. Personal property depreciates.

THE POWER IS NOW WEALTH INITIATIVE 4.

Financial and Credit Management - We must live within our means and not abuse credit.  

Credit is not income - It is a convenience for cash. Good credit is the beginning of building wealth. Good credit is a Fico Score of 720 to 799 higher. Great credit is 800 to 850.

Creating Wealth - We must save money to buy real estate & other assets that appreciate in value.  

Buy and Hold, or Buy, Sell and Buy again and hold - building a legacy of wealth. We must be intentional about leaving a legacy of wealth and an inheritance for our family.

TAKE THE 10 POINT WEALTH BUILDING PLEDGE WWW.THEPOWERISNOW.COM JOIN THE POWER IS NOW HOME BUYERS SEMINAR

THE POWER TO BUY IS NOW Hotline: 800-401-8994 ext. 703 www.applytobuynow.com 6 days a week Mon â&#x20AC;&#x201C; Fri. 8:00 AM to 5:00 PM PST Sat. 9:00 AM to 3 PM PST www.Thepowerisnow.com | www.Neverrentagain.com 18

DO YOU HAVE A BUDGET? DO YOU HAVE PLAN? THE POWER IS NOW BUDGET PLAN

THE POWER IS NOW BUDGET PLAN Before you can keep a budget you have to be able to keep a promise. What is a promise? Meriam Webster defines a promise as:

   

a statement telling someone that you will definitely do something a statement that something will definitely happen in the future an indication of future success or improvement a reason to expect that something will happen in the future

THE POWER IS NOW BUDGET PLAN A Budget mean nothing if you do not have a plan:     

Mission and Vision Statement S.M.A.R.T Goals An Accountability Partner A Weekly Big 5 Action Plan A Power Is Now Budget Plan

MISSION AND VISION STATEMENT Your Mission Statement defines who you are or want to be: For example: ď&#x201A; I am a Believer, Husband, Father, Son, and brother. I work every day to provide for my family, to build wealth for the future and to leave a heritance and legacy. I save 20% of my monthly earnings and I use credit for convenience only to avoid carrying cash. I am building an emergency fund equal to 12 months of my income. I plan my vacations and spending and do not eat out except for special occasions. I am discipline, frugal and live modestly. I do not flaunt what I have obtained. I practice humility and giving to others. I am focused on building stability for my family and being in position to help others whenever needed.

MISSION AND VISION STATEMENT Your Vision Statement Is a forecast of what you will achieve. For example: ď&#x201A; I will save XXX dollars in cash for retirement and own my home free and clear of any mortgage debt. I am or will be completely debt free and will retire at the age of 65 years old with dignity and will set an example for my children to do the same. My children will have their college education paid for by me and also own a home. My grandchildren will have access to funds to pay for their education and to help them purchase their first home. When I leave this earth I will have left an inheritance and have begun legacy of wealth building that will continue with the next generation.

SMART GOALS  Goals are part of every aspect of life.

 Everything comes down to priorities, and what you can accomplish  Goals are decisions: a conscious rational choice or subconscious preferences.  Life without Goals is a series of chaotic happenings you don't control.  You become the plaything of coincidence instead of a vision that is being realized.

S.M.A.R.T GOALS Specific Goals  The more specific your description, the bigger the chance you'll get exactly what you want Measurable Goals  Measurable goals means that you identify exactly what it is you will see, hear and feel when you reach your goal. It means breaking your goal down into measurable steps or milestones Attainable Goals  Is your goal attainable? Is it acceptable to you. Have you weighed the effort, time and other costs your goal will take against the profits and the other obligations and priorities you have in life

S.M.A.R.T GOALS Relevant Goals ď&#x201A; Why do you want to reach this goal? What is the objective behind the goal, and will this goal really achieve that Time Bound Goals ď&#x201A; Time is money! Everybody knows that deadlines are what makes most people move into action. So install deadlines, for yourself and meet the deadline. When are you going to get it done! Do It Now because The Power Is Now.

Stop making excusing and start setting S.M.A.R.T Goals

ACCOUNTABILITY PARTNER The Power of Accountability will make you humble and more thoughtful. Are you willing to humble yourself and accept the authority and judgement of someone other than yourself regarding your behavior and decisions? Are you willing to account for what you are doing and the goals and obligations that you are working to keep? Definition of ACCOUNTABLE ď&#x201A; Being required to explain your actions or decisions to someone ď&#x201A; Being required to be responsible for not getting the result or achieving the goal

ACCOUNTABILITY PARTNER COLABORATION  Create a budget – written plan of income and expenses for the week and month.  Create a Mission and Vision statement  Create a Weekly Power Plan  Meet monthly with your accountability partner to review your plans  Have integrity, be honest with yourself and your accountability partner at all times.

THE WEEKLY BIG 5 ACTION PLAN The Power Plan is a Daily Action Plan. Each day of the week has an important task that must be accomplished.

What gets scheduled get done.  Each action item is assigned to a day of the week to be accomplished.  The action item must scheduled in your calendar  Stop using To Do List – total waste of time and they never get done

THE WEEKLY BIG 5 ACTION PLAN The action must be accomplished by the end of the day - if numerous attempts to complete it have failed. All actions items must be completed by Friday 5 pm. The Weekly Big 5 Action plan must be inline with your goals for the month.

BUDGET DETAILS THE POWER IS NOW BUDGET DETAILS

Making Money – Income Saving Money – Reserves Spending Money – Cutting Expenses

MAKING MONEY - INCOME Making Money - Income Look for things you can do to generate more income ď&#x201A; Stop watching TV The more money you make the faster you can to increase your savings and reduce your debt. ď&#x201A; Work over time if available

MAKING MONEY - INCOME Work a part time job if possible Leverage your talent or skill on Upwork.com; Fiverr.com, etc. Writing, Resumes, Voice Over, Projects, Administrative, Uber driver, shopper, house cleaning, janitorial services, babysitting, tutoring, translations, etc.

SAVING MONEY - INCOME Saving Money – Savings/Goal  Make or create something you can sell legally  Become a consultant in your area of expertise & charge for your time  Start an emergency fund immediately. It is the first line in your expense section.  Saving money comes after paying your rent/mortgage  If you cannot save then downsize until you can If the rent/mortgage is too high you must downsize because saving money is your #1 priority

SAVING MONEY - INCOME 20% of your net income goes into saving.

The result of this category may affect your ability to pay all of your expenses.  If this happens contact your accountability partner for instructions.

The emergency fund should be an visa secured saving account if your credit is impaired.  If your credit is great then a regular saving account is sufficient

CUTTING EXPENSES LINE ITEMS Saving Money – Cutting Expenses/Goal

Eliminate your car payment. Sell it even if you have to add money to the deal

Stop your 401k and any retirement plan. Divert those funds to your emergency fund (6 to 12 mos.) Eliminate Premium Cable TV – Stop watching TV and read

CUTTING EXPENSES LINE ITEMS Eliminate Gym Memberships – go to the park and run/walk Eliminate Club membership – Wine Clubs, Book clubs, Service Clubs, Dinner Clubs and anything you do not have time or money Stop buying coffee at Starbucks and eating out at Fast food Take public transportation whenever it is possible

CUTTING EXPENSES LINE ITEMS Saving Money – Cutting Expenses/Goals

Start packing a lunch and cooking at home. Stop buying clothes, jewelry, and shoes you do not need. Limited your entertainment to one weekend a month.

CUTTING EXPENSES LINE ITEMS Stop paying monthly for any internet program or service. If you can’t pay for the year you can’t affordit Cut up your credit cards except one. You only need one Visa/MC credit card Eliminate all department store credit cards Stop using your credit cards as income replacement. Convenience for Cash Stop paying collection accounts, charge offs, and other derogatory credit until your emergency fund is established

ESSENTIAL EXPENSE LINE ITEMS      

Life Insurance Disability Insurance Renters Insurance Health Insurance Car Insurance House Maintenance

ESSENTIAL EXPENSE LINE ITEMS  Dental Insurance  Car Maintenance  Gardner/lawn car expense  Accounting/tax preparation  Car Registration

SERIOUS BUDGET MISTAKES  Not Estimating How Much You Spend  Forgetting to Save for the Unexpected  Having Unrealistic Expectations  Budgeting Based on Your Gross Income  Not Considering Cheaper Alternatives  Buying Too Much House

SERIOUS BUDGET MISTAKES  Not Tracking Your Actual Expenses  Neglecting Emergency Planning  Forgetting to Allow for NonRecurring Expenses  Not Expecting the Really Bad Stuff  Not Budgeting Your Top Resource: Time  Owning Too Many Financial Accounts

SERIOUS BUDGET MISTAKES  Spreading Yourself Too Thin  Never Adjusting Your Variable Expenses

 Forgetting to Balance your checking account  Not using a Budgeting Software

 Trying to Keep Up With Friends

SERIOUS BUDGET MISTAKES  Dictating the Family Budget  Forgetting About Irregular Expenses  Stealing Money From Other Savings Funds  Depriving Yourself of Fun Money  Thinking You Don’t Need a Budget

TOOLS TOOLS TO CREATE AND MAINTAIN A BUDGET

Budget Overview

Enter Expenses

Balance

Budget Summary Hold Ctrl to select multiple categories

Projected Balance

(Projected minus expenses)

$1,585

Children

Entertainment

Food

Gifts and Charity

Actual Balance

(Actual minus expenses)

$1,740

Housing

Insurance

Loans

Personal Care

Difference

(Actual minus projected)

Pets

Savings or Investments

Taxes

Transportation

Income AC TUAL

Expenses Income 1

$5,800

Income 2

$2,300

Extra income

$1,500

Total incom e

PROJEC TED

$155

Right-click PivotTable below and then click Refresh to update

AC TUAL

$7,860

C ategory

Projected C ost

Actual C ost

Difference

Children

$140

Entertainment

$400

$358

$42

$1,100

$1,320

($220)

$100

$125

($25)

$2,830

$2,702

$128

Insurance

$900

Loans

$200

Personal Care

$150

$140

$10

Pets

$170

$100

$70

Savings or Investments

$200

Taxes

$300

$1,425

$1,375

$50

$ 7 ,9 1 5

$ 7 ,8 6 0

$55

$ 9 ,6 0 0

Income 1

$6,000

Income 2

$1,000

Extra income

$2,500

Total incom e

Food PROJEC TED

$7,915 Gifts and Charity

$ 9 ,5 0 0 Housing

Insurance 11%

Savings or Investments 3% Pets 1%

Transportation 17% Other 16%

Housing 34%

Taxes 4%

Personal Care 2%

Loans 2% Food 17%

Entertainment 5%

Children 2%

Transportation Gifts and Charity 2%

Grand Total

WWW.MINT.COM

https://www.mint.com/

THE POWER TO BUY IS NOW Hotline: 800-401-8994 ext. 700 www.applytobuynow.com 6 days a week Mon â&#x20AC;&#x201C; Fri. 8:00 AM to 5:00 PM PST Sat. 9:00 AM to 3 PM PST www.Thepowerisnow.com | www.Neverrentagain.com

THE POWER IS NOW BUDGET PLAN The Power Is Now Budget Plan

START YOUR BUDGET NOW

The key to success in Budgeting is having Integrity.