Debt is a bigger problem than racism,” says Rev. Deforest Soaries, author of several books including, “Breaking Free from Financial Slavery.”  Desoairies will be the keynote speaker at the 2017 Financial Freedom Expo, Sat., April 29, Urban Prep Academy,  2821 E. 24th St., Wichita.  The expo is from 10 a.m. – 2 p.m. 

Click here to see Expo Schedule. 

Drawing on his years of experience as a pastor, public policy maker, and community leader, DeForest “Buster” Soaries, Jr. tours the world delivering his message about the importance of living debt free.  His is not another financial literacy program that assumes all people need is information. Soaries believes living in debt is an emotional, spiritual, and psychological problem as much as it is an educational and informational one.

He speaks about the difference between living a “Poverty Lifestyle” and a “Wealth Lifestyle.”  According to Soaries, the difference between the two doesn’t have anything to do with how much you have, but what you do with what you have. 

A person living a “Poverty Lifestyle” doesn’t necessarily have a low income.  According to DeSoaries, It is a lifestyle where a person spends more money that they make—mostly on perishable goods and high-priced, low-value, depreciating assets (examples: entertainment, clothes, cars)—and borrows, pays interest and fees (usually via credit cards) to cover the difference.

Living a “Wealth Lifestyle” entails spending less than you make and saving the difference, investing in sensibly priced, diversified, appreciating assets (examples: stocks, mutual funds, real estate, bonds, business ownership), earning interest, appreciation, profits and dividends in the process.

“As I’ve said many times, wealth and poverty are not questions of ‘How much do I have?’, but ‘How am I choosing to live?,’” wrote Soaries. “This is true whether you are a single-mother living on public assistance, or a professional athlete with a multimillion-dollar performance contract.”

According to a recent survey of 1,900 Americans by the National Foundation for Credit Counseling, 22% of respondents admitted that they couldn’t make ends meet each month if they didn’t have access to credit. Another 24% responded that going without credit would require a dramatic change in lifestyle.

“This means that 46% of those surveyed are credit dependent—living beyond their means and pursuing a poverty lifestyle. In other words, too many of us are indentured servants, if not outright slaves, to debt,” said Soaries.

Soaries takes on this “financial slavery to debt” in his book “Breaking Free from Financial Slavery.”  Since 2005 he has become a popular speaker at colleges, universities, conferences and churches around the world, where the Baptist ministers shares what he calls his dfree ministry.  Through this ministry Soaries teaches living without debt, delinquencies and deficits, and leads participants into deposits, dividends and deeds. There are no gimmicks or tricks involved in dfree. 

“Our goal is to create a community of wise consumers, skillful money managers and willing workers,” wrote Soaries. 

Although Soaries is a Baptist minister, don’t come expecting a message focused on the importance of tithing.  Dfree focuses on making a change in our personal approach to money. 

“Are you pursuing Wealth for Life, the mantra and mission of Black Enterprise? Or are you living in slavery—to debt?,” Soaries asks.

Financial Freedom Presentation

Dr. Soaries will deliver the closing keynote address at the 2017 Financial Freedom Expo and Tamika Stembridge, executive director of the dfree Global Foundation will present a 45 minutes workshop. 

“Our goal is to deliver solutions-based, interactive sessions about one of the leading problems facing our communities.”  

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