Get Out of Debt Guy

Today Damon Day and Steve Rhode talk about the fincial pressures created by inflation and the consequences to your financial health and future.

It is a surprising subject with a lot of layers.

Damon Day and Steve Rhode explore the myths and misperceptions about the charitable non-profit credit counseling industry.

We are not suggesting you should avoid credit counseling but to better understand how this works to make better decisions about what is right for you or the people you care about.

In this episode, we discussed the importance of credit scores and how individuals often make emotional decisions based on fears surrounding their credit scores. We stressed the need to step back and analyze the practical aspects of credit scores, especially when faced with significant debt. We highlighted the misconception that a good credit score reflects intelligence in managing personal finances, emphasizing that lenders primarily use credit scores for risk assessment...

In this episode of our show, we delve into the crucial topic of self-care and stress management. We uncover the detrimental effects of stress on our physical and mental well-being and our finances.

Finding effective ways to cope with stress and prioritize self-care is crucial for leading a healthy and balanced life. Our conversation highlights various activities that can help alleviate stress, including exercise, meditation, and spending quality time with loved ones...

In this episode, we discuss the financial advantages of using gig apps like DoorDash to make money and avoid college debt.

We explore the idea of choosing side jobs over expensive colleges and highlight the potential savings and long-term growth through smart investments.

We delve into attending community college while working gig apps, emphasizing the importance of saving early for a comfortable retirement...

In this episode, we explore the emotional impact of debt and how it affects individuals on a personal level. As hosts, we have witnessed firsthand the range of emotions that arise when people face financial struggles. One prevalent feeling is embarrassment, as clients often feel like failures when they openly confess their debt. We have also observed that some individuals, particularly women, have contemplated drastic measures like becoming escorts or prostitutes to pay off their debt...

In this podcast, Steve Rhode and Damon Day address various misconceptions about debt and financial decisions.

We emphasize that having debt does not make someone a loser or a failure; it is a common occurrence that does not define one's worth.

We discuss how social media can distort perceptions of others' lives, as they often showcase only the positives and not the struggles...

In this episode of the Get Out of Debt Guy show, Steve Rhode, the old Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, take a break from discussing debt and focus on saving and making money.

They highlight the importance of having savings for emergencies, as relying on credit cards may not always be a viable option. They acknowledge that saving money may not seem glamorous due to low interest rates and expenses matching income...

People with financial challenges have always felt their situation was horrible and worried about what people would think about them. In this podcast, Damon Day and I discuss this subject and why that should be the last thing on your mind when getting out of debt.

Today, Damon Day inherits the torch of being the New Get Out of Debt Guy as I slowly retire. We chat about that but also jump into the stupidity of student loan forgiveness programs, dealing with inflation, and how to cut costs while ending with how to make extra cash.