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DBS DeForest B. Soaries, Jr.

DBS's posts

Black And Broke In America: Taking A Leap Of Faith Off The Debt Tightrope

When we’re in debt, “we walk a tightrope and live in apprehension of impending disaster. It exhausts us. We come to feel defeated and hopeless,” writes Jerrold Mundis, author of How to Get Out of Debt, Stay Out of Debt and Live Prosperously. It’s true that this is where most of us end up. When I was living in debt, at first, I didn’t mind living the way I...

Black And Broke In America: A Talk With Yourself

We’ve been led to believe that knowing more makes us do better, but when it comes to finances, adjusting your attitude is crucial to doing better. You can know how to balance a checkbook, but that knowledge isn't sufficing to motivate you to actually do it. You can understand compound interest, but not put a dime in the bank or in an investment that grows with interest.You owe...

Black And Broke In America: Financial Dis-ease

Financial indebtedness is a new form of slavery. There’s no doubt; the financial system is stacked against African Americans. According to one recent study, "The Ever-Growing Gap", the wealth gap between black and white Americans is so extreme that it would take 228 years for black people to obtain on average what white families have today.As bad as the situation...