Monday, March 28, 2011

Looking to Spend That Tax Refund? Read This First.....

 Everyday on my way to work, I walk by what appears at first glance to be a pile of garbage. So it caught me by surprise when one morning, I saw a section of plastic shift and someone step from behind it. 

I tried not to stare as I continued to walk. I couldn't figure out what I was feeling as I had just realized that what I thought was a pile of garbage was someone’s home.

Never have I read a statement that rings more true than the following one does in this instance, "The only thing worse than not having what you need is not using what you have." 

Really makes you re-evaluate your priorities doesn't it?

To get involved or make a donation to your local homeless shelter, follow the link:

Wednesday, March 23, 2011

dfree: Breaking Free from Financial Slavery by DeForest B Soaries Jr

Purchase at Amazon

For anyone that saw the CNN documentary “Almighty Debt”, you will remember Dr. DeForest B. Soaries Jr. Senior Pastor of First Baptist Church in Lincoln Gardens in Somerset, New Jersey.

I received an invitation for a private book signing of dfree Breaking Free From Financial Slavery which took place in Bethesda, Maryland last month (thanks Corey!). After hearing Dr. Soaries say a few words about his book that evening, I was so impressed that I immediately bumped this book to the top of my ‘to be read’ list!

I like the comparison of debt to slavery in this book. Many of us are sensitive to the word slavery for obvious reasons and most of us would not make a conscious decision to enslave ourselves. So if we make debt and slavery synonymous, we can see how one would be compelled to eliminate debt!

Soaries shares his past financial struggles with readers which is not something that a lot of authors open up about. He speaks in detail about his struggles with debt and his ignorance of its ramifications. He speaks about his first time learning about interest. His recollection immediately made me think about something I read in Money What Financial Experts Will Never Tell You, "Those who understand interest earn it. Those who don’t pay it."
location of book signing (Bethesda, MD)

Soaries identifies people as being one of their own biggest problems when it comes to financial woes. We are no longer attempting to keep up with the Joneses. We are too busy attempting to keep up with ourselves and the definitions we’ve set for success.  I think it’s a valid point. How often do you ask yourself -why am I buying this - before making a purchase?

One of the things that is uniquely identified in this book is approaching debt freedom with a new attitude.  Younger generations do not know what a layaway plan is. One of the key components of making it successfully through the dfree program is an attitude adjustment to shift away from the 'take now pay later' mentality.

Something else that this book points out is that the difficulty with controlling our financial situation is not informational. There are tons of resources where we can get free information on money management. dfree identifies the cause as being emotional, psychological, and spiritual.

lovely crowd
As this book walks us through the dfree plan, we get a few words of scripture from Pastor Soaries along with a few laughs due to his charismatic personality. This book includes a well written plan on how to start a dfree program in your community along with numerous dfree resources.

This book is a great read for an individual seeking financial guidance but it is noted that “you will not be able to maximize your financial freedom until you develop a group with which you can share your present financial realities….”  I agree that when enthusiasm fades it is always great to have a cheerleader. 

To learn more about the dfree program, follow the link:

What's the best financial advice you've ever received? 

Affiliate Links
dfree: Breaking Free from Financial Slavery on Amazon

Tuesday, March 22, 2011

Reading Challenge Updates!

At the beginning of the year, I signed up for four reading challenges: Nonfiction, Off the Shelf, Persons of Color, and Outdo Yourself.  As we enter spring, check out my progress!

Books Read       
The Laws of Thinking     
Nonfiction/Off the Shelf/Persons of Color
Nonfiction/Off the Shelf
Nonfiction/Persons of Color
Nonfiction/Off the Shelf/Persons of Color
Total Books Read in 2011 = 9

What have you read this year!?

Update 10/09/2011: Click here to see update #2!