Get Out Of Debt Guy Show

In this engaging podcast, Steve and Damon tackle the tough topic of rising living costs and stagnant wages, offering relatable anecdotes and practical advice. They explore how societal changes and inflation make it harder to get ahead, touching on everything from skyrocketing housing prices to the hidden costs of eating out. With humor and insight, they provide actionable tips, such as leveraging side hustles and cutting debt, to help listeners regain financial control. Tune in for honest conversations, real-world solutions, and a refreshing take on navigating today’s economic challenges. You can find Damon at DamonDay.com.

In this episode, we take a deep dive into the evolution of the American Dream, from its humble beginnings with Ezekiel Harper in 1776 to the modern-day struggles of Emma Davis in 2025. Is the dream slipping out of reach, or are we simply chasing a new vision? We’ll uncover the hidden forces shaping our lives, debunk myths about blame, and explore whether the challenges we face are uniquely American or part of a global shift. You won’t want to miss this eye-opening journey through history and the future of opportunity. Got questions or thoughts? Submit them at OldGuyInsights.me—That’s me! Let’s navigate these big topics together.

Struggling with credit card debt? You're not alone. In this eye-opening episode, Steve Rode and Damon Day break down the alarming $1.2 trillion credit card debt crisis, discuss why people feel stuck, and share actionable solutions. From the truth about bankruptcy to breaking free from financial shame, this podcast is packed with insights you won’t hear anywhere else.

In this episode of the Podcast, we explore the shifting landscape of tipping for gig workers, particularly rideshare drivers and food service employees. We discuss "tip fatigue," with 74% of people overwhelmed by constant tipping requests, and highlight declines in tips for rideshare services. The conversation questions whether tipping should compensate for low wages or be a reward for service, while addressing the psychological pressures of electronic tip prompts. We urge listeners to reevaluate their tipping habits and advocate for fair wages in the gig economy.

In this episode of the Get Out of Debt Podcast, I speak with Damon Day about the intricacies of car repossessions, sparked by a listener's question regarding the voluntary surrender of a used vehicle with transmission problems. We emphasize the necessity for personalized financial strategies, highlighting the importance of open communication with lenders, who often prefer collaboration over repossession. Cautioning against immediate voluntary repossession, we explore alternative solutions like repair options and reassessing financial priorities. We also discuss the risks of deficiency judgments and the value of considering loan modifications or private sales. Personal anecdotes provide real-world context, empowering listeners to face their financial challenges head-on and emphasizing the importance of seeking help and staying informed. If you want to get in touch with Steve, you can find him here.

In this episode, Steve Rhode and Damon Day tackle financial infidelity and the concept of sexually transmitted debt, where one partner unknowingly assumes the other's financial burdens. We share real-life examples highlighting the emotional strain of hidden financial issues and the trust breakdown they can cause. The discussion reveals alarming statistics about financial secrecy in relationships and advocates for open communication and strategic planning to address these challenges. We emphasize that honesty about finances, even when difficult, is essential for fostering trust and strengthening partnerships.

This podcast by Steve addresses Generation X's brewing financial crisis as they juggle child care and rising elder care costs. With assisted living averaging $4,500 per month and child care over $10,000 annually, families are increasingly burdened. The discussion highlights projected cost increases and systemic issues such as stagnant wages and demographic shifts that threaten financial security. Proposed solutions from political candidates are explored, contrasting Kamala Harris's Medicare expansion with Donald Trump's emphasis on tax cuts and privatization. The lecture concludes with a call to action for families to develop strategies to ensure financial stability amid these challenges. You can watch the video on YouTube. You can subscribe to Steve's channel here.

Here is part 2 of what you need to know about why debit cards are a bad deal. Interestingly, people can't seem to wrap their heads around this information because they've heard it repeatedly. All I can do is try to help educate. Contact Damon Day for exceptional assistance if you have any concerns or debt questions.

In this episode of the Get Out of Debt podcast, we address the deceptive practices of debt settlement companies that mislead financially distressed individuals. We highlight a recent client case to illustrate ongoing bait-and-switch tactics and emphasize the importance of seeking genuine assistance from reputable professionals rather than commission-driven salespeople. By sharing personal experiences, we stress the need for consumers to fully understand their financial situations before committing to agreements. We caution listeners against offers that seem too good to be true, reminding them that authentic support is available in their journey towards financial relief. You can reach Damon at DamonDay.com

In this episode of the Get Out of Debt podcast, we address the deceptive practices of debt settlement companies that mislead financially distressed individuals. We highlight a recent client case to illustrate ongoing bait-and-switch tactics and emphasize the importance of seeking genuine assistance from reputable professionals rather than commission-driven salespeople. By sharing personal experiences, we stress the need for consumers to fully understand their financial situations before committing to agreements. We caution listeners against offers that seem too good to be true, reminding them that authentic support is available in their journey towards financial relief. You can reach Damon at DamonDay.com

Steve addresses the hidden risks of using debit cards, often perceived as a safe payment option. It highlights how debit cards create financial vulnerabilities through transaction and overdraft fees, benefiting banks at consumers’ expense. Specific scenarios reveal complications in transactions, such as gas station holds and car rentals, and contrast the weaker fraud protections of debit cards with those of credit cards. The discussion emphasizes the financial pitfalls of overdraft fees and the challenges of using debit cards while traveling. Ultimately, it advocates for the more responsible use of credit cards as a better financial tool for building credit and protecting against risks.

In this episode, Damon Day and Steve Rhode, tackle the crucial question of what comes after achieving debt freedom. We clarify that being debt-free marks the beginning of a new financial chapter rather than the end. Our discussion includes personalized strategies for preventing backsliding into debt, the importance of setting actionable financial goals, and the necessity of starting an emergency fund early. We explore practical savings strategies and emphasize the significance of retirement planning and maintaining a positive credit profile to access better financial opportunities. Finally, we warn against lifestyle inflation and highlight the need for structured financial planning to ensure sustained growth and security. This episode empowers listeners with insights to confidently navigate their post-debt financial journey.

In this video I tell the story of my personal journey focused on resilience, loss, and the importance of starting over. Key lessons include embracing humility during transitions, recognizing progress as incremental, and maintaining integrity in all roles. The discussion addresses how to overcome criticism and negativity by emphasizing compassion and constructive actions. Ultimately, we talk about true success is defined by the positive impact on others, reinforcing the ideals of perseverance and integrity in facing life's challenges.

In this episode, I delve into the intricate world of decision-making under pressure, sharing insights from my experience as a retired search and rescue pilot. You can find me here. I introduce the DECIDE model, a structured approach designed to streamline your choices in high-stress scenarios, allowing for clarity and focus. We explore each component of the model: Detect, Estimate, Choose, Identify, Do, and Evaluate, emphasizing their importance in overcoming decision paralysis. Real-life examples illustrate how to utilize this model effectively, whether at work or in daily life. Additionally, I touch on potential psychological barriers that could affect decision-making, stressing the importance of seeking professional help if such challenges persist. Ultimately, I encourage listeners to cultivate their decision-making skills over time, just as pilots refine their abilities. Join me as we embark on a journey toward more confident and empowered decision-making.

Are online arguments and angry posts costing you more than you realize? In this video, I break down why your social media habits might be holding you back—affecting your career, reputation, and even your future opportunities. We’ll explore why certain people profit by stirring up online hate, how employers can monitor your online activity (even if you’re using a fake name), and most importantly, how to handle negativity with grace, humor, and strength. Plus, I’ll share some practical steps to help you avoid reacting in anger and even a few jokes you can use to defuse tense situations online. Whether it’s you or someone you know who tends to get caught up in online drama, this is the one video you need to watch before your next social media rant. You can easily subscribe here https://www.youtube.com/@oldguyinsights?sub_confirmation=1

Ever wonder why some people are so easily deceived? In this video, we break down the Proven Deception Formula—a simple yet powerful method used to mislead and manipulate. From historical examples like the Gleiwitz Incident to modern-day scams and misinformation, we’ll explore how deceptive tactics have been used throughout history and why they’re still effective today. You'll learn how emotions, repetition, and social proof can make falsehoods seem true, and discover practical tips to help you recognize and avoid falling for these tricks. Don’t let yourself be fooled by misleading information! Join us as we uncover the secrets of the Deception Formula and teach you how to see through the lies. Whether it’s a get-rich-quick scheme or sensational news story, understanding these tactics will empower you to think critically and make informed decisions. Hit play and equip yourself with the knowledge to stay one step ahead of deception! Subscribe to my Old Guy Insights YouTube channel.

In this podcast, I dive into the big question about YouTube monetization: Should YouTube creators focus on income or creating impactful content? Whether you’re a creator wondering how to balance passion with profit, or a viewer curious about the motivations behind your favorite channels, this video offers insights to help you reflect. I’ll explore how to make money on YouTube, the emotional conflict between impact vs. monetization, and provide you with questions to help clarify your true goals. Plus, I want to hear from YOU! Share your thoughts in the comments—are you more driven by making a difference or making money? Want to watch the video? You can subscribe here to my Old Guy Insights channel.

Have you ever wondered why prices are rising on everyday items like food, cars, and household appliances? It could be due to tariffs! In this video, I break down how tariffs really work, who actually pays them, and why they might not be helping Americans as much as you think. As a business owner who imports goods, I’ve experienced firsthand the impact tariffs have on prices and consumers. Learn how tariffs affect the U.S. economy, increase prices, and sometimes cost more jobs than they save. I’ll also show you how to tackle common misconceptions about tariffs and explain them clearly when you hear people talking about them. By the end of this podcast, you’ll understand: - Who really pays for tariffs (Hint: it’s not the foreign country) - How tariffs raise prices on food, cars, electronics, and more - Why 93% of economists agree tariffs hurt U.S. consumers - Real examples of how tariffs affect American jobs and industries If you’ve heard politicians claim tariffs are a great way to protect American jobs, this

In this episode of the Get Out of Debt Guy podcast, Steve Rhode and Damon Day tackle some common misconceptions about bankruptcy. They discuss a listener's concerns regarding life after filing for bankruptcy, especially the challenges of rebuilding credit and accessing necessary resources like a car or a credit card. Damon shares his own experiences with bankruptcy, emphasizing that while it's not an easy decision, it can provide a fresh start and isn't as daunting as many people think. Steve and Damon also explain the importance of considering all options when facing financial difficulties, highlighting that bankruptcy is just one of several paths available. They debunk myths about bankruptcy being a financial death sentence and discuss practical steps for rebuilding credit post-bankruptcy. Their goal is to educate listeners about the realities of debt management and to encourage informed decisions that best suit individual circumstances.

In this episode of the "Get Out of Debt Guy" podcast, hosts Steve Rhode and Damon Day delve into the world of side hustles, specifically focusing on gig economy apps like Uber, DoorDash, Lyft, Instacart, and Amazon Flex. They discuss how these side hustles can provide a substantial income boost for individuals struggling to make ends meet. Damon, who has tested various gig apps for nearly two years as part of their Penny Stupid Project YouTube channel, shares valuable insights and strategies for maximizing earnings. He emphasizes that with the right approach, even part-time drivers can earn significant extra income, potentially making an additional $1,000 to $2,000 per month. The hosts also address common concerns and excuses people have about starting gig work, such as time constraints, safety issues, and lack of confidence. They encourage listeners to overcome these barriers by giving gig apps a try, highlighting the flexibility and earning potential they offer. Damon and Steve's advice is cl