Get Out of Debt Guy | Smart Debt Solutions for Your Financial Freedom

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 work Resources & 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.org Got 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: 🎓 The shocking truth about student-loan default rates 💸 Why a two-year trade or vocational program may beat a four-year degree 🚗 How Uber and other companies are now paying for college 🤖 The future of work in the age of AI 🧠 And how to make smarter money moves for your kids — and yourself If you’ve ever wondered whether college is still a smart financial decision, this episode will open your eyes — and maybe save you decades of debt. 👉 Visit https://getoutofdebt.org for Steve’s full breakdown of college ROI and student-loan traps. 👉 Need personal help getting out of debt? Reach Damon 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.

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. 👉 Learn more at https://getoutofdebt.org 👉 Talk directly with Damon at https://damonday.com

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. 👉 Visit https://getoutofdebt.org for more insights from Steve. 👉 Work with Damon on a personalized plan at https://damonday.com

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. 💡 Want help with your unique situation? Damon can be reached directly at DamonDay.com. 📚 More resources and guides at GetOutOfDebt.org.

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. 👉 Visit https://getoutofdebt.org for more resources. 👉 Reach Damon directly at https://damonday.com.

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! 👉 Learn more at https://getoutofdebt.org 📞 Want honest, expert help? Reach out to Damon directly at https://damonday.com

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.org Want 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. 👉 Ask your question at https://getoutofdebt.org/podcast 🙋‍♂️ Want help from Damon? Go to https://damonday.com

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. 💻 More free help: https://getoutofdebt.org 🤝 Talk to Damon: https://damonday.com

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 miss Why rebuilding credit after bankruptcy might be easier than you think What real debt relief looks like (and what’s just hype) The importance of shopping for the right person, not just the right solution This is the episode for anyone feeling stuck, judged, or confused about their next move. 🔗 For real help and judgment-free advice, visit https://getoutofdebt.org 💬 Want a one-on-one with Damon? Head to https://damonday.com

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. 🔗 Learn more and get free tools at https://getoutofdebt.org 💬 Talk to Damon at https://damonday.com