America needs an IEP… Individualized Economic Plan

As we progress in life through different experiences and challenges we should be asking ourselves

“What did I learn… and how can I improve?” As American’s in order to be able to improve we first must be alerted to the true facts of our economic situation as a whole.

Here are the facts: Our GDP Gross Domestic Product (ie: meaning all of the income that we make as an entire country) is 15.1 trillion dollars annually whereas the U.S. National Debt is 15.2 trillion.

This means that we are spending more money as a country than we are able to bring in on an annual basis. In order to change this behavior it will require an uncommon collective effort from all Americans.

The reality of the situation is that today every American citizen is carrying a debt of 48,811 on behalf of the country. The deficit is not going to go down because Warren Buffet writes a check (He does not have enough money to cover a 15.2 trillion dollar debt) it will go down when everyone generates on average an additional 50k and mails it into the U.S. Government. The challenge is that the average U.S. citizen is not equipped with the knowledge or resources to generate an additional 50k in addition to the bad debt that they are currently carrying.  

Here are some more important facts, the total population in the United States is 312 million and only

112 million are paying taxes on the income that is being made. There are 23 million people who are unemployed, 47 million people who are receiving food stamps, and 874 million Americans in foreclosure.

This is further evidence that shows that Americans are not being properly educated or trained on how to provide the basic needs in life (ie: Food, Clothing, Shelter) and knowledge of the U.S. Tax Code.

With this being our current situation it would make sense to focus all efforts on the development of curriculum that focuses on the training and education of entrepreneurship and finance immediately for the purpose of intentionally creating entrepreneurs. Everyone has a 50k nut that has to be serviced right now in order to address this issue now. The alternative is you or your children having to service a 500k debt in the next 10 years.

The solution to most challenges is an idea; however most ideas must be supported by an infrastructure.

A solution to our current crisis would be an “Individualized Economic Plan”.

In this plan every American Family would be encouraged to build an economic infrastructure that included wealth building principles that can be enacted immediately.

Robert Kiosaki in his book “Rich Dad Poor Dad” introduces to us a concept of E-S-B-I

in which E=Employee, S=Self Employed, B=Business Owner, and I=Investor.

There is no mention to an exact blueprint to the most insulated position on the chart which is “I=Investor”.

The passive investor is making money without having to perform an action.

This is the phase of entrepreneurship that needs to be attained by every American if we are going to collectively work together to pay down the GDP. The “Individualized Economic Plan” will consist of the strategies that include the foundations of wealth building principles starting with B=Business, R=Real Estate, P=Precious Metals, A=Annuities, S=Stocks, F=Foreign Currency. These are the contents in portfolios that allow for the “I=Investor” to generate passive income. This type of training needs to be offered to all Americans at all levels if receiving food stamps or in foreclosure.

Financial Literacy and “Individualized Economic Solvency” is imperative to the survival of this country that we call America.      

For Financial Content & Commentary:

David Anderson

SIRIUSXM Satellite Radio

Channel 128 – The Power

info@blackanomics.com

blackanomics.com   

404-884-8893 

The Economic Impact of Red Tails and the future of Black Action Hero Movies…

This weekend will be the litmus test to see how viable the “Black Action Hero Movie Market” really is… For years Hollywood has never “Green Lighted” an All Black Action Hero film under the auspice that it will not sell. The Action Hero film genre average cost of 50 million dollars in production cost, Hollywood fears that risking that kind of money in a business model is bad business.

In retrospect some of the biggest films in Film History have been inspired, created, and written by African Americans. Sylvester Stallone goes on record to say that his inspiration for ROCKY came from watching a Muhammad Ali fight in which Ali’s opponent for a split second got in a few hits on the champ and created a false sense of hope for Ali’s opponent and in that moment Stallone became inspired to write and create one of the best inspirational and motivational films of all time ROCKY inspired by Muhammed Ali.

Also in the 80’s a client of mine Ms. Sophia Stewart (Google: Sophia Stewart) wrote a book called the third eye an all “Black Action Hero Movie” of which her inspiration for the main role of the characters was also Muhammed Ali. The Wackoski brothers read the book the Third Eye became inspired and created not one but 2 Blockbuster Brands “Terminator” and “The Matrix” grossing over 500 million combined sales to date from one body of work written by a black woman about “Black Action Heroes”.

So clearly if “Blockbuster” films from the last 30 - 40 years have been inspired and written by black people, but have been changed to fit the Distribution Requirements of Hollywood. Then the question becomes why now is it “Good Timing” for “Red Tails” to be successful? Is it because for the past four years we have subconsciously and consciously seen an African American operate as the commander and chief over our affairs in this country or because this story of the Tuskegee Airmen is just so important?

Either way the economic success of “Red Tails” is a lot bigger than George Lucas bank rolling a “Black Action Hero” film spending 50 million dollars. “Red Tails” success is a win for all of the Black Filmmakers, and Black Actors, and Black Writer who in the past have been creating great scripts and never got a green light because of Hollywood’s “Distribution Requirements”. Writers who watched their characters who were intentionally created to inspire little black boys and little black girls be stripped out of there scripts and replaced with white characters under the auspice of the “Hollywood Distributing Requirements” which are “Black Action Hero” films don’t sell!

The Tyler Perry business model is to spend 5 million gross 25 million net 20 million screening on 2000 screens using smaller distributing channels 2 - 5 times annually.

A market that Hollywood allows for Perry to dominate, because they have no interest in competing in that space.

In short if “Red Tails” is a success it will be a game changer for a genre of films and ideas that have been benched for the past century because “Black Action Hero” films don’t sell. In closing get your scripts together organize your thoughts create characters that inspire, motivate individuals towards change. If Lucas is successful the door will be cracked open and it is up to us to break it down with films that continue to inspire… To all great black filmmakers those to come and those to follow… STAY FOCUSED!

For Financial Content & Commentary:

David Anderson

SIRIUSXM Satellite Radio

Channel 128 – The Power

info@blackanomics.com

blackanomics.com   

404-884-8893