Get Out of Debt Guy Show

Ever been carrying debt (or a money mess) your spouse doesn't know about… and you can feel the secret eating you alive?In this episode, Steve Rhode (the old, original Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) lay out a practical roadmap for the hardest conversation most couples will ever have: telling your partner the truth about your debt—without turning it into a relationship-ending explosion.You'll learn:When NOT to do it (hint: not during a fight… and definitely not at the grocery store)How to open the conversation with responsibility instead of excusesWhy you need to show up with a plan, not a dumpster fireWhat to say when they're hurt, angry, or ice-cold for a whileHow to turn this from “your secret problem” into a shared solutionSteve also calls out a sneaky modern trap: “Forbes-style” articles-that-are-really-ads pushing debt relief companies—why they look legit, why they fool smart people, and how to spot the marketing game.If this episode hits a little too close to home, don't wait. The longer the secret lives, the bigger the blast radius.Get help and resources at https://getoutofdebt.orgBook a free call with Damon at https://damonday.com

If you've run the numbers, know your options, and still haven't taken action… this episode is for you.Steve Rhode (the old, original Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) get brutally honest about the real reason people stay stuck in debt: fear and shame—not math, not money, not even the solutions.You'll hear why so much credit card debt comes from essentials, why people only act once the “bucket of chaos” hits the fan, and why protecting a credit score can quietly cost you years (and a lot of money). They also break down what to do about collection calls, the truth about debt settlement vs. doing nothing, and why having a plan changes everything—especially if your spouse doesn't know the full story yet.✅ Your assignment at the end: identify the real fear keeping you up at night—and start taking its power away.Explore free tools and subscribe to the newsletter at https://getoutofdebt.orgReach Damon directly for a free strategy call at https://damonday.com

January resolutions are cute. February is where the real work starts.In this episode of The Get Out of Debt Guy, Steve Rhode (the old, original Get Out of Debt Guy) and Damon Day(the new Get Out of Debt Guy) talk about how to restart your debt plan on February 5th—without guilt, shame, or fake “perfect budget” nonsense.They break down why people stall (hint: it's emotion, not math) and why financial literacy classes don't fix debt behavior unless you understand your money personality and how your subconscious drives spending decisions.Then they pivot to the ugly reality: scams are everywhere—IRS and “TurboTax” tax scams, Amazon-style texts, gift card scams, crypto scams, and even debt consolidation traps that leave you deeper in debt. With consumer protections weakening, the message is simple: nobody is coming to save you—so you have to become your own financial watchdog.How to restart your debt plan in February (even if January slipped away)Why tracking spending beats “making a budget”The #1 mistake behind debt consolidation loans (cash flow vs. debt balance)How scammers pressure smart people into fast decisions (and why it works)A practical “one action this week” challenge to build momentumTools mentioned on GetOutOfDebt.orgMoney Personality TestContract Decoder (to translate confusing financial terms)Scam-o-meter (to help spot red flags)Get weekly updates and scam alerts: https://getoutofdebt.orgReach Damon for a free consultation: https://damonday.comIf you've been stuck, overwhelmed, or quietly panicking… this episode is your reset. February counts. Motion creates momentum—and momentum creates change.

What really happens when you stop juggling bills and start taking control? In this episode, Steve Rhode and Damon Day go a little off-script (in the best way) and pull back the curtain on what's happening right now in the debt world—and what you should watch out for before you sign anything.We dig into:Why debt collection lawsuits are climbing—and how collectors use the court system to flip the power dynamic fastThe real danger of ignoring a lawsuit (default judgments, wage garnishments, bank levies… the whole mess)Student loan forgiveness confusion heading into 2026—and how taxes can turn “forgiveness” into a surprise billThe ugly truth behind debt settlement “legal protection” promises (and who gets hurt the most)A military-base credit card problem that can snowball fast because the “creditor” has extra powersPlus: GM/OnStar data sharing and why your insurance hikes might not be randomIf you want the latest consumer debt news and Steve's weekday updates, subscribe at https://getoutofdebt.org.If you need to talk through your personal situation (even if you've already been sued or have a judgment), reach Damon at https://damonday.com.And if you've ever wondered whether you're being sold a “debt solution” or a sales pitch, Steve's tools (like the Contract Decoder and the Scam-o-Meter) live on https://getoutofdebt.org.

If you're making good money and still drowning in debt, this episode is for you.Steve Rhode (the old, original Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) flip the script on the shame that high earners carry. Because your salary isn't why you're stuck — it's the reason you can get out faster than you think.We dig into what's driving debt right now (hint: it's not “overspending” for most people), why minimum payments keep even high earners trapped, and why “I'll deal with it next month” turns into years of treadmill living. Then we get practical: what options actually exist when you make too much for a clean Chapter 7, how debt settlement can work if you have a real plan, and why the goal isn't a magic trick — it's a strategy that resolves the entire situation.You'll also hear what's happening with student loans, why creditors seem more aggressive lately, and how to stop letting fear of credit damage or lifestyle disruption keep you frozen.This week's exercise: add up what you're spending on minimum payments every month. That number is your leverage — the money that could fund your escape.Learn more at https://getoutofdebt.orgReach Damon at https://damonday.com

How many times have you heard it: “Just pay more than the minimum and you'll be fine.” Sure—if you've got a small balance. But if you're sitting on $80,000+ in credit card debt, that advice can turn into a slow-motion financial disaster.In this episode, Steve Rhode (the original Get Out of Debt Guy) and Damon Day break down the minimum payment trap with real numbers—how “doing the responsible thing” can still mean decades of payments, massive interest, and the kind of burnout that makes people quit right before progress shows up. We also dig into the high-income trap: when you can afford the payments, but they quietly destroy your future by stealing your cash flow, your investing years, and your peace of mind.You'll hear why conventional advice (beans, rice, and brute-force willpower) often collapses in real life… and why the smarter move is choosing the right tool for the job—whether that's a better payoff strategy, a negotiated plan, or (yes) understanding when bankruptcy is a realistic option instead of a scary myth.Want to keep up with the latest debt news Steve's covering during the week? Subscribe at https://getoutofdebt.org.Need a real plan for your specific situation? Damon offers a free conversation—reach him at https://damonday.com.Next episode: we flip the script and show you why your income is your biggest asset in getting out of debt—and how to use it the right way.

New year, new you… and one number you've been dodging for way too long.In this episode, Steve Rhode (the old/original Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) walk you through the most important (and honestly, toughest) first step in getting out of debt: finding your real numbers—how much you owe, and how much cash you're bleeding every month just to keep the debt treadmill moving.No guilt. No shame. Just facts, clarity, and a plan.You'll learn:Why most people underestimate debt and overestimate income (your brain is “helpful” like that)How to use AnnualCreditReport.com as a starting point (and why you should pull all three reports)What to look for on your credit reports (errors, unknown accounts, possible identity theft)Why “fake budgets” and vague guesses create bad strategies that don't workThe difference between caring about a credit score and protecting your cash flow and future retirementWhy high-income earners are getting crushed by inflation—and why it's not just youYour homework: Add it all up. Write down the total. Then take a photo of that number and keep it in your phone—your “before” picture. Next week, we'll show you how to turn that number into a real strategy (and why “just pay more than the minimum” is terrible advice for most people).More no-BS debt help and resources: https://getoutofdebt.orgReach Damon directly: https://damonday.com

It's the last day of the year…and we're not doing the same tired “New Year's resolution” routine. Steve Rhode (the old, original Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) are laying out what actually works: a real strategy you can start today—and real progress you can make in the next 90 days.In this episode, we dig into why debt “resolutions” fail (they're emotional, not strategic), why budgets usually collapse by February, and how your money personality matters more than pretending you're going to track every penny like a robot. If you've got big monthly payments, a decent income, and that constant 2 a.m. anxiety, this is your reset.You'll also hear a straight talk breakdown of the options most people are afraid to even discuss—debt settlement, strategic default, credit counseling, and bankruptcy—and why protecting your credit score at all costs can be an expensive mistake. Damon asks the question that changes everything: “How much is your credit score worth?” Then we kick off the January series with one simple, non-judgmental action: track what you actually spend—on paper—starting today.This is the foundation for January 2026: the January Audit, your real numbers, and a plan you can follow—without shame, without gimmicks, and without “beans and rice” misery.Get more help and resources at https://getoutofdebt.orgReach Damon directly at https://damonday.comSubscribe and show up every Thursday—because 2026 isn't magic…your strategy is.

It's Christmas Day… and if you're lying awake at 2 a.m. staring at the ceiling thinking, “What am I going to do about my debt?” — this episode is for you.Steve Rhode and Damon Day talk straight about the quiet moment nobody posts on social media: the holiday pressure, the shame spiral, the fear that you're the only one struggling, and that awful feeling like everyone else is cheerful while you're drowning in credit card payments.No tough homework today. No “perfect budget” fantasy. Just permission to take the day off, breathe, and remember: debt is a problem with solutions — not a life sentence.And when you're ready (hello, January), we'll help you shift from surviving to solving with a real strategy for getting out of debt.More help and resources: https://getoutofdebt.orgTalk with Damon: https://damonday.com

Christmas is days away, and if your credit cards are already screaming… this episode is your permission slip to stop the shame-spiral, enjoy your people, and not make things worse. We talk holiday spending strategies that actually work—setting real limits, using cash, and choosing experiences over stuff—because the best “gift” is not waking up in January with a financial hangover.  We also get into the psychology behind why we overspend (yep, hyperbolic discounting), how to say no without feeling like the Grinch, and what to do when the invite is pricey, the gift exchange is ridiculous, or the “just put it on the card” crowd shows up.  Then we pivot to the comeback plan: what you can do in January to recover fast and set up next year so you're not repeating the same cycle.  More help and resources:https://getoutofdebt.org  Damon can be reached at https://damonday.com

It's December… and if you're staring down holiday spending while your credit card debt is already heavy, you're not alone. In this episode, Steve Rhode and Damon Day talk about why so many people avoid looking at their balances during the holidays, what that avoidance really costs you, and how to enjoy the season without turning January into a financial disaster.We dig into the pressure to “keep up,” the dopamine hit of giving, lifestyle inflation, and why high-income households can still be in a quiet financial crisis. You'll walk away with practical ways to set boundaries, build a realistic holiday budget, and choose smarter spending that protects your future — without guilt, shame, or deprivation.More help and resources: https://getoutofdebt.orgReach Damon Day: https://damonday.com

Is your side hustle really helping you get out of debt—or quietly dragging you deeper in? In this episode, Steve Rhode, the old, original Get Out of Debt Guy, and the new Get Out of Debt Guy, Damon Day, break down the truth about side hustles, gig work, and those “make money from home” dreams that can turn into financial nightmares.Steve and Damon talk about the two very different worlds of side hustles: simple, cash-flow gigs like Uber, Lyft, DoorDash, Instacart and Walmart Spark… and the “business opportunity” side hustles like Amazon FBA, drop shipping, and guru-led online courses that can leave you with more credit card debt than profit. Steve shares his real Amazon FBA experience (including starting with $20–25k in inventory and building it into a serious business), while Damon explains how he consistently earns around $40/hour in the gig economy by stacking apps, knowing his market, and refusing unprofitable rides.They dig into:Why so many people go into debt “trying” to get out of debt with side hustlesThe danger of high-priced “done-for-you” websites and Amazon storesProfit vs. revenue (and why a $15, 30-mile ride can actually lose you money)How to think about car costs, IRS mileage, taxes, and 1099 contractor realityWhen it's smarter to drive Lyft or do Instacart than to swipe a card for another courseHow to test your market for 60–90 days and know when it's time to pivotIf you're thinking about starting a side hustle to pay off credit cards, avoid bankruptcy, or just keep up with inflation, this episode will help you avoid the emotional traps, slick marketing, and bad math that can wreck your finances.For more straight-talk on getting out of debt, visit GetOutOfDebt.org:

Every time you open TikTok, Instagram, or Facebook, there's another slick “debt relief” ad chasing you around. Secret government programs. Guaranteed 80% reduction. Gurus in rented Lamborghinis who “paid off $80,000 in six months.” In this episode, Steve Rhode—the old, authentic, original Get Out of Debt Guy—and the new Get Out of Debt Guy, Damon Day, pull back the curtain on the hidden traps in debt relief marketing you're being targeted with right now.Steve and Damon deconstruct real-world tactics used in debt relief ads and social media videos: fake government program language, illegal upfront fees, emotional scare tactics about wage garnishment, phony “last chance” deadlines, and TikTok/Instagram influencers quietly getting paid to push risky debt settlement programs. You'll hear how marketers weaponize fear, shame, and hope to sell credit card debt relief, student loan help, and consolidation plans that often leave people worse off.You'll also learn how to tell the difference between a legitimate option—like nonprofit credit counseling, real debt settlement, or bankruptcy—and a high-pressure sales funnel disguised as financial advice. If you've ever wondered whether that “new 2025 federal debt relief program” in your feed is real or just another scam, this episode will show you exactly what to look for before you click, call, or hand over your bank info.For honest, no-BS help with debt, visit:https://getoutofdebt.orgTo talk with Damon directly about your specific situation, go to:https://damonday.com

In this episode of The Get Out of Debt Guy Podcast, Steve Rhode — the original Get Out of Debt Guy — and co-host Damon Day dig into two big money topics you'll want to hear. First, they tackle the controversial idea of a 50-year mortgage, explaining how a slightly smaller monthly payment could actually cost homeowners hundreds of thousands more over time — and why a 50-year adjustable-rate mortgage could be financial quicksand.Then, they pivot from long-term debt to day-to-day savings, showing how you can use ChatGPT to shrink your grocery budget by turning what's already in your kitchen into real meal plans. Plus, an entertaining Meaty Mamma update—because personal finance doesn't always have to be serious to be smart.Links:

Steve Rhode — the old, original Get Out of Debt Guy — and the new Get Out of Debt Guy, Damon Day, break down the headlines behind AI, layoffs, and automation without the hype. If you're worried about job security (especially in white-collar or repetitive roles) and you're carrying debt, this episode gives you a calm, practical game plan: how to reskill, where to start with AI tools, and the exact money moves to protect your household if the pink slips start flying.We cover:• Why AI is a personal finance issue, not just a tech story• What to do today to stay employable: upskilling, side income, networking• Debt triage in an uncertain job market: cash buffer vs. extra payments, when consolidation, settlement, or bankruptcy makes sense• Cutting burn rate fast, building an emergency fund, and avoiding 401(k) raids• Real talk on gig work (short-term cushion), “safe jobs,” and becoming AI-augmented at workResources & help:• Read more at GetOutOfDebt.org: https://getoutofdebt.org• Get 1-on-1 coaching with Damon: DamonDay.com https://damonday.com

Steve Rhode — the original Get Out of Debt Guy — and Damon Day — the new Get Out of Debt Guy — break down the real-world pros and cons of accepting a credit-card debt settlement. We explain why banks won't deal early but suddenly send settlement letters before charge-off, how “settled for less than full balance” impacts your credit report, and what the IRS does with forgiven debt (hello, 1099-C). We also demystify IRS Form 982 (insolvency) — when it can eliminate income taxes on canceled debt, and why you might owe taxes once you're no longer insolvent. Plus: timing mistakes to avoid, when bankruptcy may be cleaner than multi-year settlements, and how to build a plan that wins the war—not just one battle.Explore more at https://getoutofdebt.orgGot questions or want a custom game plan? Damon can help: https://damonday.com

Is college still worth it — or are we all buying into one of the most expensive myths in America? In this episode, Steve Rhode — the old, original Get Out of Debt Guy — and Damon Day — the new Get Out of Debt Guy — break down what nobody tells you about college debt, trade schools, and real financial ROI.They dig into:

In this heartfelt episode, Steve Rhode — the original Get Out of Debt Guy — and Damon Day — the new Get Out of Debt Guy — talk about The Meaty Mama, a hardworking YouTube creator juggling gig work, family, and $50,000 in debt. Steve and Damon explore the emotional and financial challenges she faces, including burnout, unstable gig income, and whether selling her condo is really the answer.Together, they unpack what it means to rebuild your financial life without shame — highlighting compassion, smart strategy, and forgiveness over fear. This episode goes beyond quick-fix advice and looks at how personalized financial recovery can help you protect your assets, your health, and your hope.Read more at https://getoutofdebt.org and connect with Damon for a free consultation at https://damonday.com.

In this heartfelt episode, Steve Rhode — the original Get Out of Debt Guy — and Damon Day — the new Get Out of Debt Guy — talk about The Meaty Mama , a hardworking YouTube creator juggling gig work, family, and $50,000 in debt. Steve and Damon explore the emotional and financial challenges she faces, including burnout, unstable gig income, and whether selling her condo is really the answer.Together, they unpack what it means to rebuild your financial life without shame — highlighting compassion, smart strategy, and forgiveness over fear. This episode goes beyond quick-fix advice and looks at how personalized financial recovery can help you protect your assets, your health, and your hope.Read more at https://getoutofdebt.org and connect with Damon for a free consultation at https://damonday.com.The post we talk about in the podcast is The Comprehensive Case Against “The Dave Ramsey Way Is The Only Way”

In this episode, Steve Rhode — the original Get Out of Debt Guy — and Damon Day — the new Get Out of Debt Guy — open up an honest, thoughtful conversation about debt, forgiveness, and financial recovery.Inspired by Steve's new article The Comprehensive Case Against the “Dave Ramsey Way is the Only Way”, this discussion isn't about tearing anyone down. It's about opening up the conversation. Dave Ramsey has helped millions of people, and his principles work for many — but as Steve and Damon explain, personal finance is never truly “one-size-fits-all.”This show invites listeners to think critically, explore all their options, and make informed decisions that fit their unique lives and values. Whether you're following the Ramsey plan, considering bankruptcy, or somewhere in between, this episode encourages healthy questioning and balanced perspective — because good financial advice should empower, not shame.Visit https://getoutofdebt.org to read the full article and more debt-free resources.Need personalized advice or a judgment-free conversation about your options? Damon offers free consultations at https://damonday.com.

In this episode, Steve Rhode (the old Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) dig into one of the most common fears people have about money: “If I stop paying my credit cards or personal loans, can I go to jail?”We separate fact from fiction, explain why debt misfortune isn't fraud, and share the real consequences of missed payments. Damon introduces his “shoot the hostage” analogy about credit scores, Steve recalls stories from bankruptcy courts, and together they tackle the mental health toll of financial anxiety.We also expose how scammers pretend to be law enforcement to trick people into sending money, and why fear is the number one weapon used by both shady collectors and fraudsters.If you've ever lost sleep worrying about debt collectors, credit scores, or the fear of arrest, this episode will give you clarity — and a plan forward.

Is it worth pulling money from your 401(k) to wipe out credit card debt charging you 20% or more? In this episode of The Get Out of Debt Guy Podcast, Steve, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, break down the real trade-offs.We tackle the emotional relief of paying off high-interest balances versus the cold math of lost compounding, penalties, and taxes when you tap into retirement savings. With credit card APRs climbing above 20%, and some people paying over $1,000 a month just in card payments, it's no surprise more Americans are tempted to borrow from or cash out their 401(k).Steve and Damon debate whether raiding retirement accounts to pay credit cards ever makes sense, share horror stories of people who never put the money back, and explain why a strategic plan—not a panic move—is the only way forward.Learn about:Why a $10,000 401(k) loan today can cost you nearly $70,000 in lost growth over 20 years.What really happens if you lose your job while carrying a 401(k) loan.Smarter alternatives to tapping retirement funds, from side hustles to defensive debt strategies.When a 401(k) withdrawal might be the last option—and how to avoid disaster if you go that route.Don't make a decision based on fear or a sales pitch. Separate emotion from math and protect your financial future.

Losing your job can feel like the floor's been pulled out from under you—but there are steps you can take right away to steady your finances and protect your future. In this episode of the Get Out of Debt Guy Show, Steve Rhode (the original Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) break down what to do first when you're laid off, terminated, or facing a sudden loss of income.We also tackle a listener's question: If your loan is sold to a collection agency, does that mean you don't owe the debt anymore? Damon shares a wild personal story about fighting Citibank in court, and Steve explains why documentation and planning matter more than online myths.From managing credit cards and unemployment benefits, to side hustles like DoorDash and Instacart, this conversation is packed with real-world strategies to avoid common mistakes when income stops.

Prices are climbing faster than paychecks—and families feel the squeeze. In this episode, Steve Rhode (the old Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) break down the real-world cost pressures hitting households right now: cost of living vs. wages, shrinkflation at the grocery store, Instacart/app markups, rent and housing costs, electricity rising faster than inflation, insurance premiums, and high-interest credit card debt.We keep it plain-English and practical: why this is happening, how it shows up in everyday budgets, and realistic steps to protect your cash flow (cutting debt, smarter shopping, avoiding app markups, and building savings so your future isn't on a treadmill). Plus, a candid chat about retirement math—why “$7,000 a month” won't buy in 10–20 years what it buys today—and how getting out of debt sooner can change your entire trajectory.Helpful links:• Get more free help and guides: GetOutOfDebt.org — https://getoutofdebt.org• Talk with Damon one-on-one: DamonDay.com — https://damonday.com

Life's more expensive than ever, and once you've cut back on extras, the only way forward is to earn more. In this episode of Get Out of Debt Guy, Steve Rhode talks with Damon Day—the new Get Out of Debt Guy—about how to turn evenings into real money using gig apps like DoorDash, Uber, Instacart, and Amazon Flex. Damon shares the playbook he personally uses to bring in serious side hustle income each month: multi-apping strategies, smart route planning, power blocks, and safety tips for working after dark. They also tackle common objections—from gas costs to burnout—and show how to make the gig economy work for your wallet instead of against it.Visit https://getoutofdebt.org for more insights, and reach Damon directly at https://damonday.com.

Divorce isn't just the end of a relationship — it's often the start of a financial nightmare. In this episode, Steve Rhode, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, dive deep into the ugly mix of money, debt, and divorce. From the skyrocketing cost of contested cases to the fallout of hidden debt, blended families, child support battles, and credit destruction, Steve and Damon reveal how financial mistakes and emotional decisions can ruin lives long after the marriage ends.You'll hear real examples of how debt gets weaponized in divorce, why “you divorce your spouse, not your creditors” is a rule everyone should know, and what happens when loyalty to creditors costs families their future. Most importantly, you'll get a path forward — how to treat divorce like dissolving a business, avoid the landmines, and protect yourself, your kids, and your future.

Debt relief shouldn't feel like a trap—but for too many people, it is. In this episode of the Get Out of Debt Podcast, your trusted debt coach, Steve Rhode (the original Get Out of Debt Guy), and Damon Day (the new Get Out of Debt Guy), break down 20 manipulative sales techniques used by both for-profit and nonprofit debt relief companies. Discover how to get out of debt wisely by understanding these tactics that get you to sign up—whether it's the right move or not.From fear-based pressure, fake authority, and bait-and-switch loan offers to commission-driven scripts that play on your guilt and urgency, this deep dive will show you exactly how these tactics work—and how to protect yourself. Whether it's a credit counselor, a debt settlement company, or a company claiming to be a “government program,” you'll walk away from this episode armed with red flag indicators and smarter questions to ask.This is not about being afraid; it's about being informed. Tune in now to get expert debt advice and take control of your financial future!

Debt isn't just about numbers—it's about the emotional, moral, and even spiritual weight it puts on your shoulders. In this episode of The Get Out of Debt Podcast, Steve Rhode, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, dive deep into the centuries-old struggle of the morality of debt and how to get out of debt when you're stuck. We tackle why guilt and shame can keep you trapped, why lenders share responsibility for the problem, and explore debt advice that redefines tools like bankruptcy and debt settlement. Discover that these are not moral failures—they're legal, practical ways to protect your family and your future. From ancient biblical debt forgiveness to U.S. Constitutional rights, we'll help you break free from the mindset that keeps you in financial chains and focus on how to achieve financial freedom. If you've ever wondered whether you're doing the “right” thing by paying a debt you can't afford—or if there's a smarter, more responsible path—the insights shared in this conversation will open your eyes to effective debt solutions.Visit https://getoutofdebt.org for valuable resources. Damon can be reached at https://damonday.com for one-on-one guidance.

Are you ready to learn how to get out of debt while cutting expenses without hating your life? In this episode of the Get Out of Debt Guy Show, I'm joined by Damon Day to unpack simple, sustainable debt advice that makes saving money feel manageable. We explore realistic spending habits that can sabotage your financial goals—like trying to impress others—while providing smarter choices such as buying a used car at the right depreciation point and understanding how technology is transforming car ownership. Additionally, we delve into how leasing can actually make sense, how small thermostat tweaks can lead to significant savings, and how to stop wasting money on things that don't contribute to your happiness. This episode is filled with real talk, effective strategies, and all the actionable advice you need to give your bank account a well-deserved breather without going full monk mode.This one's about real talk, real strategy, and giving your bank account a breather—without going full monk mode.For more resources, visit https://getoutofdebt.orgWant help figuring out your next best step? Reach Damon at https://damonday.com

We kick things off by answering a listener's question: How do I know if my interest rate is too high? Seems simple—until we dig into the loopholes big banks use to dodge state usury laws and how shady tribal loan scams worked… until they didn't.But buckle up—because what follows is the real headline: a massive, catastrophic overhaul of the federal student loan system that almost nobody is talking about. From new borrowing caps to hidden rule changes that could disqualify you from forgiveness after years of payments, this episode is a wake-up call. If you're counting on PSLF, stuck with Parent PLUS loans, or have any kind of federal student loan, this could save you thousands—or decades of regret.

Life doesn't wait — and when the unexpected hits, your finances can crumble fast if you're not ready. In this episode, Steve Rhode, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, dive into the real cost of living paycheck to paycheck, why guilt is keeping you broke, and what smarter financial choices look like when you're staring down layoffs, car trouble, or divorce.This isn't about judgment — it's about giving you real options, real strategies, and a chance to breathe again. If your credit card balances are higher than your savings account, it's time for a better plan.Listen in and learn how to build a safety net, protect your future, and make hard decisions feel a little... less hard.

Big changes are coming for Parent PLUS loans—and most families have no idea. In this episode of The Get Out of Debt Guy Show, Steve Rhode and Damon Day break down the hidden deadlines, confusing rule changes, and massive traps built into the new Parent PLUS system. If you're planning to help your kid with college—or already have Parent PLUS loans—June 30, 2026 is the line in the sand. Miss it, and you may permanently lose access to income-driven repayment and Public Service Loan Forgiveness.We'll cover what's changing, what's still unclear, and what actions every parent needs to take now to avoid a costly mistake. This isn't just a student loan episode—it's your warning signal.Get the full breakdown at https://getoutofdebt.org. Damon is available at https://damonday.com.

Today on The Get Out of Debt Guy Show, Steve and Damon are together in person for a rare live conversation—and they're diving deep into a topic most people avoid: bankruptcy attorneys.After a lunch with a bankruptcy lawyer, they share insider perspectives on why so many people avoid bankruptcy even when it might be the best option. From emotional roadblocks and bad first impressions to sales tactics from debt relief companies that push people into costly mistakes—this episode unpacks it all. You'll hear why some attorneys lose clients even when they have the right solution, how fear is often weaponized to sell debt programs, and why being your own advocate is the smartest move you can make.They also break down:The emotional gap most attorneys missWhy rebuilding credit after bankruptcy might be easier than you thinkWhat real debt relief looks like (and what's just hype)The importance of shopping for the right person, not just the right solutionThis is the episode for anyone feeling stuck, judged, or confused about their next move.

In this eye-opening episode, I sit down with Damon Day to talk about the fast-moving threat of artificial intelligence replacing middle-class jobs. From customer service reps to financial analysts and marketing writers, AI isn't just nibbling around the edges — it's bulldozing through entire career paths. We talk about what jobs are most at risk, whether upper management is really safe, and how fast this change is coming. (Spoiler: faster than you think.) We'll also lay out practical steps you can take right now if you're carrying debt, juggling long-term financial obligations, or just trying to build a future that won't be outsourced to a bot.This is one of those episodes that's equal parts wake-up call and survival guide.

Debt and guilt go hand-in-hand—and not in a good way. In this episode of the Get Out of Debt Guy podcast, Steve (the original Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) dive into the toxic guilt that keeps people stuck in debt and making bad financial decisions. From draining retirement accounts to hiding credit card debt with more debt, guilt can lead to a spiral of shame, silence, and survival-mode living.Steve and Damon share their personal rock-bottom moments—from cold postal Jeeps to garage-office dryers —and explain why guilt is not a financial strategy. You'll hear real talk about what actually works to get out of debt, how to flip the mental switch, and why sometimes “so what?” is the smartest thing you can say.Whether you're dealing with credit card debt, feeling overwhelmed, or just tired of hiding your financial reality, this episode is your permission to stop beating yourself up and start doing something different. Damon can help—visit https://damonday.com.

Is it more moral to protect your future—or to financially bleed yourself dry trying to pay everyone back? In this episode, Steve, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, unpack the emotional weight and moral confusion around debt, repayment, and financial survival. From the fear of bankruptcy to the guilt of walking away from a debt you can't afford, we tackle the gray areas most people never talk about. We'll explain why your sense of “doing the right thing” might actually be keeping you stuck, and how to find the balance between responsibility and self-preservation.Visit https://getoutofdebt.org for more support and free resources. Damon can be reached at https://damonday.com.

Steve, the original Get Out of Debt Guy, and Damon, the new Get Out of Debt Guy, crack open the rolling doors of America's $44 billion self-storage obsession. From emotional clutter and forgotten bins to the sneaky subscriptions draining your wallet, this episode is a deep clean for your finances and your soul. Damon shares how he finally closed his last unit after 20 years—and what he found inside. Spoiler: it wasn't gold. Plus, practical advice on investing the money you're wasting on space you'll never visit.If this hits a little too close to home, maybe it's time to ask: are you storing stuff or stalling life?Visit https://getoutofdebt.org for free resources and tips.Want to talk with Damon? Reach out at https://damonday.com

Too many people waste thousands chasing the wrong debt solution. In this eye-opening episode, Steve Rhode—the original Get Out of Debt Guy—and Damon Day—the new Get Out of Debt Guy—pull back the curtain on the truth behind debt relief programs, credit counseling, debt settlement, Dave Ramsey plans, and even bankruptcy.We break down:Why people fall for the wrong solutionWhat debt relief companies don't tell youHow to weigh real options like credit counseling vs. bankruptcyThe hidden cost of sticking with bad adviceAnd why it's not a failure to legally reset your financesThis episode covers it all, with honest, no-judgment advice and some laughs along the way.Whether you're in Raleigh, Dallas, or Des Moines, this show is packed with insights for anyone feeling stuck in debt. We also talk about Damon's custom strategy approach, how to avoid being sold a product instead of finding the right plan, and what Steve learned firsthand after his own bankruptcy.

In this episode of the Get Out of Debt Guy podcast, I answer a powerful listener question from a 71-year-old semi-retired filmmaker who's buried in $30,000 of credit card debt. After losing income from DVD sales, he's now fielding calls from debt relief companies offering to settle or consolidate his debt—but something doesn't feel right.We talk about how to spot red flags in the debt relief industry, including fake law firm branding, misleading promises, and manipulated review sites like Trustpilot. If you're wondering whether you can trust a company to handle your debt—or if you've been targeted by companies offering to "erase your debt" with no mention of the risks—you'll want to hear this.I share the key questions to ask before signing up for any debt solution, especially if you're a senior on a fixed income. I also point you to my free resource, The Ultimate Consumer Guide to Checking Out a Debt Relief Company, and explain why sometimes the right path isn't the most advertised one.This episode covers:How debt settlement companies often market to seniors in financial crisisWhat those five-star reviews really mean (and how to spot fake patterns)Why declining income years demand a different financial strategyWhat options are actually available when you're over 70 and deep in debtWho I personally trust to help people find the right solution for them

Struggling to choose the right credit card? In this episode of the Get Out of Debt Guy podcast, Damon Day breaks down how to find a credit card that actually works for you—not against you. Learn why the interest rate doesn't matter if you pay off your balance every month, which rewards are truly worth it, and why using a credit card is often safer than using a debit card. Damon also shares a real-life client story and gives you a simple checklist to make your next credit card decision smart, safe, and stress-free.

Is college still the golden ticket—or just expensive boomer advice? In this episode of the Get Out of Debt Guy podcast, Steve and Damon unpack the myths, numbers, and alternatives to a traditional 4-year degree. They talk about community college, trades, side hustles like DoorDash, and why letting your kid live at home a little longer might be the smartest financial move you can make. If you're weighing student loans, career paths, or just trying to avoid a six-figure mistake, this one's for you.

Money discussions should be simple—but they rarely are. Fear, anger, mistrust, and emotional baggage make even basic talks feel explosive. In this episode, Damon Day unpacks why money conversations are so hard, what's really going on underneath, and how to finally talk about money without losing your mind (or your relationship). Need help sorting through your own money mess? Reach out at https://DamonDay.com — real advice, no judgment.

After three decades as a debt coach, I've held sobbing clients, watched others walk into disaster, and celebrated life-changing wins with those who were finally ready to act. In this heartfelt episode, I share the biggest lessons I've learned—about money, human nature, and what it really takes to change your life.You'll hear the surprising truth about bankruptcy, the emotional toll of letting people fall, and the joy of seeing my friend Damon Day carry this work forward.If you're ready for change—or still gathering strength—this one's for you.

Is missing one payment really the end of the world? Not even close. In this episode, Steve Rhode and Damon Day dig into the real fears around debt—like dodging debt collectors and panicking over late payments—and explain why most of that anxiety is based on myth, not reality. From hilarious behind-the-scenes stories to practical strategies, you'll learn when missing a payment makes sense, how collectors actually operate, and why being afraid of them might be costing you more than you think.

Easy access to credit can feel like a lifeline—but it's often a trap that silently drains your future. In this episode, Damon breaks down why waiting to deal with your debt might feel safe, but actually costs you your best options. You'll hear the story of someone who waited too long, why most people delay action until it's almost too late, and what you can do right now to reclaim control and peace of mind. Don't wait until you're out of choices—choose happiness, not financial martyrdom.

Ever felt like your brain just shuts down when bills pile up? That's not weakness—it's survival mode. In this episode, Steve shares the science behind debt panic, why even high earners like John can fall hard, and how shame, stress, and fear hijack your ability to make good decisions. You'll hear real stories, practical advice, and why finding a real debt coach—not a salesperson—is the lifeline you might need. Featuring a shoutout to expert coach Damon Day and Steve's own experience facing financial crisis.You can find Damon at https://DamonDay.com

Everyone tells you to be debt-free—but what if that goal is a trap? Damon shares the story of Anthony, a man who paid everything off… and still ended up back in debt. In this eye-opening episode, Damon unpacks the real definition of debt (hint: it's not just credit cards and loans) and explains why the fantasy of “zero balance” might actually cost you more than it saves. If you've ever chased the scoreboard or felt like you're falling behind—even after doing everything right—this one's for you.You can reach Damon at https://DamonDay.com

We all say we want to raise financially savvy kids—but what if we're accidentally setting them up to fail? In this episode, Damon Day dives into why one-off financial literacy classes aren't enough, how kids actually learn about money, and why giving them real experience (yes, even with a credit card) might be the smartest move you make as a parent.You'll hear the story of Marcus, a teen who aced his finance class but still found himself drowning in debt—and what his journey reveals about the emotional side of money most lessons leave out. Damon also breaks down the science behind why short-term gains from finance education often fade, and how your own spending habits might be your child's most powerful classroom.This one's part wake-up call, part practical guide—and it might just change how you think about teaching money forever.

Struggling to save money—even when you know you should? In this powerful episode, Steve Rhode dives deep into the most effective saving techniques that actually work in real life. With over 30 years of experience helping people get out of debt, Steve shares unforgettable stories about emotional spending, budgeting breakdowns, and how small changes can lead to big savings. You'll learn why guilt fails, how to create better money habits, and how to stop fighting about finances with your partner. Whether you're new to saving or trying to rebuild after setbacks, this episode offers real-world money advice, practical tools, and hope. Featuring smart saving strategies, Dollar Cost Averaging tips, and insights into financial wellness that go way beyond the numbers.

If you've ever felt like you're drowning in debt, confused by the system, and overwhelmed by empty promises, this episode is for you. Damon Day, the new Get Out of Debt Guy, is rolling solo today to talk about what real debt help looks like — and why having the right debt coach by your side can change everything.You'll hear real stories of people like Mark and James, who escaped the trap of debt relief scams, avoided bad deals, and took smart steps like strategic bankruptcy to rebuild credit and reclaim their future. Damon breaks down why most "debt solutions" you find online are really just sales pitches—and what real financial advice should sound like: no pressure, no magic tricks, just clear options, honest answers, and a path forward.If you're tired of guessing, stressing, and second-guessing, tune in for a heart-to-heart that could be your first real step toward financial freedom.

You can share a bed, a future, and even a family—but if you can't share your financial truth, the cracks will show. In this episode, Steve unpacks why financial intimacy is often harder than physical intimacy, how hidden money secrets can quietly destroy relationships, and what happens when one partner finally decides to come clean. Plus, you'll hear the powerful story of a man who waited too long to be honest—and lost the love of his life.If you—or someone you know—is carrying a financial secret, don't wait. Get a plan in place with help from debt coach Damon Day at DamonDay.com.