Get Out Of Debt Guy Show

Feeling stuck in debt? Starting over might sound like failure, but it could be the smartest, most freeing move you’ll ever make. In this episode, Damon Day shares why hitting reset isn’t the end—it’s the exit. If you’re ready to breathe again, this one’s for you.Want to talk to Damon? Visit https://damonday.com

Is fixing your credit really that hard—or are scammers just making a fortune convincing you it is? In this episode, Steve Rhode, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, break down the surprisingly simple truth about credit repair—and the dangerous line where it crosses into credit fraud. From bogus CPNs to sketchy piggybacking services, we’re calling out the tricks that cost people billions every year.You’ll learn what actually works to improve your credit score, why your Credit Karma number might not matter, how to legally clean up errors, and why no one needs to spend a fortune to get their financial life back.

If you’ve just hit rock bottom—or you're stuck in the guilt, fear, and shame of financial failure—this episode is for you.In this raw and compassionate conversation, Steve shares what really keeps people from starting over, and why the problem isn’t your finances—it’s the weight you’re still carrying. You’ll hear powerful stories from his time as the debt coach on the reality show Starting Over, including one unforgettable moment with a woman buried in financial shame… and the two surprising lessons he walked away with.We’ll talk about:Why advice like “just be grateful” doesn’t help when you’re grievingThe real reason you can’t move forward yet—and how to know when you’re readyWhat a widower taught a doctor (and Steve) about starting over after deep lossHow to shift from shame to forward motion—without pretending you're okayThis episode isn’t a lecture. It’s a light in the dark. And if you’re feeling stuck, scared, or lost... I promise, there’s a path forward—and it starts here.

Is it possible to make extra money without burning yourself out in a second job you hate? Damon Day says yes—and in this episode, he’s walking you through the side hustles that actually work.Whether you're trying to avoid late bills, kill off debt, or just want a little breathing room in your budget, this episode breaks down exactly how to get started. Damon shares real results from testing side gigs like DoorDash, Uber Eats, Instacart, Lyft, Walmart Spark, and more—plus the truth about what works, what wastes your time, and how to know the difference.

The market’s tanking. Your retirement account just took a nosedive. And TikTok says a magic letter can make your debt vanish. Deep breath.In this episode of The Get Out of Debt Guy Podcast, I’m joined by Damon Day to unpack how fear—not numbers—is the real danger when it comes to both investing and debt. We’ve seen it all: folks yanking their retirement funds at the worst moment, others clinging to internet myths hoping a certified letter will scare off a debt collector. Spoiler alert: it won’t.Here’s what we get into:What stock market crashes teach us about emotional money decisionsWhy selling in a panic locks in your lossesHow dollar cost averaging works—and why it might save your sanityThe truth about debt validation letters and charge-offsThe emotional toll of chasing bad advice disguised as “debt tips”Whether your 401(k) is in free fall or you’re wondering if that letter to a collector really worked, this episode brings real talk with no scare tactics. Just insight, a little humor, and a reminder: you’re

Feel like you’ve failed at saving money? You’re not alone—and you’re not broken. In this episode, Steve, The Get Out of Debt Guy, shares how saving money has changed over the decades and how the system is wired to keep you spending. But here’s the good news: you can still build real savings—without pain, guilt, or spreadsheets.

Millions swear by Dave Ramsey’s advice—but what if following it blindly is costing you more than you realize?In this episode, Steve opens up a respectful but honest conversation about:- Why Dave’s advice works for some… and hurts others.- The hidden cost of the “pay it all off first” mindset.- Why relying only on debit cards might be riskier than you think.- What the U.S. Constitution says about bankruptcy (yes, really).- How lost retirement time can quietly rob you of a million dollars.- The moral guilt around debt—and whether it’s helping or harming you.We’re not here to bash Dave—we’re here to question what’s right for you. Because financial freedom doesn’t come from one-size-fits-all advice. It comes from critical thinking, compassion, and math that actually works.

Feeling overwhelmed by debt and not sure how to get debt free? You’re not alone—and the truth is, getting debt free isn’t a one-size-fits-all journey. In this episode, I break down why your path to becoming debt free should be based on your life, your goals, and your unique challenges—not some cookie-cutter plan.We’ll talk about: • Why becoming debt free is more emotional than mathematical • The panic and fear that lead people to make poor choices • Real stories of people who felt hopeless and found relief • How talking to someone like me can uncover options you never knew you had • The many different paths to getting debt free—some of which might surprise youSteve always says, “Debt is nothing but math wrapped in emotion”—and once you understand that, everything changes. If you’re feeling stuck, ashamed, or unsure where to start, this episode is for you.This isn’t about quick fixes or one-size-fits-all solutions. It’s about finding your way to a life that’s truly debt free—and emotionally free too.You can re

Payday loans, overdraft fees, and financial protection—everything you thought was regulated just got turned upside down. In this eye-opening episode, consumer debt experts Steve Rhode and Damon Day expose how Congress quietly revived a dangerous banking loophole, while the Consumer Financial Protection Bureau (CFPB) stripped away critical protections against unauthorized withdrawals from payday lenders, title loans, and high-interest installment loans. If you've ever struggled with payday loans, overdraft charges, or found yourself trapped in high-interest debt, you can't afford to miss this. Steve and Damon break down exactly how these changes can impact your bank account, why overdraft fees are spiking from $5 to $35 or more, and what practical steps you can take right now to protect your money. Packed with clear financial advice, actionable debt solutions, and the truth banks don’t want you to know—this is the podcast episode your wallet needs.The two posts referenced in this podcast are:Congress J

When someone you care about is in a debt crisis, knowing how to help without making things worse is harder than it sounds. In this episode, I break down what to say (and what not to say) to someone going through a financial crisis—and how your support can be the thing that helps them find a way out.We’ll talk about why a debt crisis isn’t just about money—it’s about fear, shame, and feeling stuck. And I’ll show you how to avoid the common emotional traps that lead to bad decisions and lasting regret.If you’re facing a debt crisis yourself, or you’re trying to help someone else through it, this episode is for you.

Struggling with a low credit score and don’t know where to start? In this episode of The Get Out of Debt Guy Podcast, Damon Day pulls back the curtain on the credit score improvement tips that actually work—no fluff, no gimmicks, and no shady “credit repair” schemes.Whether you’re dealing with collections, maxed-out cards, or just trying to rebuild after a financial hit, this episode breaks down exactly how credit scores are calculated—and how to start improving yours today. You’ll hear real stories, like Carlos, who turned a 545 score into a 710 without falling for credit repair traps.

What if everything you thought you knew about debt elimination was actually keeping you trapped?In this eye-opening episode, Steve pulls back the curtain on the myths, half-truths, and hidden traps that keep millions stuck in the cycle of debt—even when they’re making every payment on time. You’ll hear the real options for getting out for good, from explosive resets like bankruptcy to powerful custom strategies that most people never hear about.If this is already hitting home for you, boop that like button to give this a little love. It helps more people find this message.

Explore the financial implications of financing food. Steve and Damon unpack the true costs of using Klarna for deliveries. In this episode of the Get Out of Debt Guy Podcast, Steve and Damon dive into the mind-boggling world of financing your fries. That’s right—DoorDash is now letting you pay for takeout in installments with Klarna. Sounds convenient… but is it a clever trick or a financial trap?From missed payments tanking your credit score to racking up phantom debt for burgers and burritos, we unpack the real cost of this global trend. You’ll hear why Klarna loves your Big Mac more than you do, how impulse spending feels cheaper when it’s split into four payments, and why this isn’t all that different from charging beer emergencies in the '80s.Plus, Damon shares a contrarian take no one else is talking about (yep, it involves tips, side hustles, and a woman who DoorDashed a $600 Target order), and we hit you with a dose of reality: just because you can finance fast food doesn't mean you should.

The biggest lie keeping you broke? Waiting until you're debt-free to start building wealth. In this episode, we reveal why time—not debt—is your biggest asset and how you can start growing your money today with stupid simple strategies. From side hustles that create magical money to apps that invest your spare change, we break down how even $500 a month can turn into millions. Ready to ditch the excuses and start your millionaire journey? Hit play now!Acorns linkMy post comparing Acorns and QapitalMy online payment and savings calculatorThe post we mention where I compared apps to think about.The Penny Stupid Project YouTube channel

Afraid to invest because you’re still in debt? In this episode of the Get Out of Debt Guy podcast, Damon Day and I break down why waiting until you’re debt-free might actually be costing you big time. We get into the mindset traps that keep people stuck, the simple ways to start investing without overcomplicating things, and how even small amounts can grow into something serious over time. We also spill the beans on easy, no-stress investing tools like Betterment, Acorns, and Bloom—because the goal isn’t to get rich overnight, it’s to build real wealth without wrecking your budget. If you’ve ever felt like investing is only for people with money, this episode will change the way you think. Here is the link to the post we talked about: https://getoutofdebt.org/172753/afraid-of-investing-this-is-the-best-way-to-start-even-if-youre-in-debt

Feeling like your finances are running the show while you’re barely hanging on? You’re not alone—financial anxiety is real, and it’s more than just numbers. In this episode, Steve and Damon dive into the sneaky ways debt messes with your mental health, the telltale signs of financial stress (spoiler: if you think you have a debt problem, you probably do), and why money struggles aren’t just about budgeting better. They’ll break down why even high earners feel the squeeze, the emotional rollercoaster of debt, and the surprising power of a simple mindset shift. Plus, you’ll hear wild true stories of how financial stress can push people to the brink—and how to stop that spiral in its tracks. If your bills are stacking up and your peace of mind is crumbling, this is the episode you need to hear. Tune in, breathe, and take back control—one step at a time.Here is a link to the Money Personality Test - https://getoutofdebt.org/money-personality-quiz-what-are-your-spending-habits

Your wallet has been under attack, and the people behind it don’t want you to notice. Prices keep climbing, but your paycheck isn’t stretching any further—and while you’re struggling to keep up, someone else is cashing in big time. I just pulled back the curtain to show you who’s really profiting from these price hikes, and trust me, the truth might shock you. Read the full breakdown here: https://getoutofdebtguy.substack.com/p/wait-why-are-prices-going-up-the

You think Medicaid cuts won’t affect you? That's cute but think again. When hospitals lose funding, your bills skyrocket, your insurance premiums climb, and Grandma might be moving in. This isn’t just about “other people”—it’s about your wallet, whether you realize it or not. In this episode, I break down exactly how these cuts will body slam your finances and what you can do before it’s too late. Listen now, and check out the full post at https://getoutofdebt.org/172251/how-to-get-out-of-debt-on-a-low-income

Think credit cards are dangerous? Think again. Some personal finance gurus act like you’re holding a ticking time bomb, but the truth is—credit cards don’t get people into debt, bad decisions do. In this episode, I’ll break down the real way to win the credit game, why a 30-year mortgage might actually be the smartest move, and how store credit cards and “0% interest” deals are designed to sucker you into debt. Plus, I’ll tell you how to grab my FREE Ultimate Debt Repayment Plan to help you take control of your finances. Read more in my latest post: Understanding Types of Debt: Credit Cards, Loans, and Mortgages Explained

Most people think of debt as just money they owe, but what if I told you it’s actually a contract on your future? Every dollar borrowed is time you haven’t worked yet but are already committed to paying back—hours, days, even years of your life already promised away. In this episode, I uncover my recent post on the 7 sneaky debts that are secretly draining your wallet, the hidden financial traps that can cost you more than just money, and how to escape them before they control your future. If you want to keep more of your hard-earned cash and take back control of your life, this is the post you can’t afford to not read. Go to https://getoutofdebt.org/172204/what-is-consumer-debt-and-the-7-sneaky-debts-you-might-not-think-about