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

Steve Rhode
  • 4.3 (29)
  • SELF-IMPROVEMENT
  • UPDATED WEEKLY

Welcome to the Get Out of Debt Podcast with Steve Rhode, your trusted source for practical debt solutions, budgeting tips, and effective money management strategies. Join us for real-world discussions on overcoming financial challenges. https://www.pinterest.com/getoutofdebtguy/ https://www.instagram.com/thegetoutofdebtguy/ https://bsky.app/profile/getoutofdebtguy.bsky.social https://www.facebook.com/GetOutOfDebtGuy/ https://x.com/getoutofdebtguy

  1. MAY 12

    The E-Shaped Economy: Why the Middle Class Is Feeling Broke

    Steve Rode, the old Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, record this episode from a Tesla in a Sonic parking lot while eating lunch. So yes, this is the kind of high-production financial podcast you have come to expect. This week, Steve and Damon talk about the “E-shaped economy” and why everything can look fine on the surface while millions of Americans are quietly falling behind. Consumer sentiment is down, wages are barely keeping up, credit card debt is at record highs, and more people are using plastic just to cover groceries, gas, travel, and everyday life. They also dig into the danger of staying trapped in debt just to protect a credit score, why continuing to make unaffordable payments can be riskier than bankruptcy or debt settlement, and how freeing up cash flow may be the first step toward getting back in front of the economy instead of being dragged behind it. Along the way, there is also Sonic food criticism, Tesla browsing envy, Dave Ramsey frustration, and a Ring camera mistaking laundry for a bear. For more debt help, tools, articles, and consumer finance updates, visit https://getoutofdebt.org. Need to talk through your debt situation with a real human? Damon Day offers free consultations at https://damonday.com.

    27 min

  2. MAY 7

    AI Layoffs, Student Loans, Social Security, and Debt: Why Waiting Could Cost You

    Steve Rhode, the old Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, dig into the financial warning signs that are already showing up in real life: college debt that may not pay off, AI layoffs hitting white-collar jobs, Social Security uncertainty, rising gas prices, higher foreclosure numbers, and why carrying credit card debt into this economy could be a dangerous gamble. This episode is not about panic. It is about preparation. Steve and Damon talk about why college should be treated like an investment instead of an automatic next step, why trade jobs may deserve a second look, how artificial intelligence is already changing employment, and why getting out of consumer debt now may be one of the smartest financial moves you can make. If you are juggling credit card debt, student loans, rising monthly bills, or wondering how your debt fits into retirement planning, this conversation is a wake-up call with practical direction. You can find more debt help, consumer finance articles, and free tools at https://getoutofdebt.org. Damon Day offers free consultations and can be reached at https://damonday.com.

    43 min

  3. APR 30

    F**k the FICO: Why Cash Beats Credit When the Economy Gets Ugly

    Steve Rhode, the old Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, tackle a big uncomfortable truth: your FICO score is not your financial life. In this episode, Steve and Damon talk about rising fuel prices, shrinking credit limits, Jamie Dimon’s warning about a possible credit-led recession, and why clinging to a “good” credit score can sometimes keep people broke. They dig into why banks can cut your credit lines even if you’ve never missed a payment, why available credit is not the same thing as emergency savings, and why the right debt solution may be the one that protects your cash, not your score. They also cover real-world debt settlement numbers, lawsuits from debt buyers, zombie second mortgages, and the hidden cash advance trap when using Venmo with a credit card. The message is simple: don’t fear the FICO. Understand it. Use it when it helps. But don’t sacrifice your future, your savings, or your retirement just to keep a bank happy. For more debt help, free tools, and consumer advice, visit https://getoutofdebt.orgYou can reach Damon Day for a free consultation at https://damonday.com

    43 min

  4. APR 23

    Are Credit Lines About to Get Cut? Debt Settlement, HELOC Risk, and Why Cash Matters Now

    In this episode of the Get Out of Debt Guy Show, Steve Rhode, the old or original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, cut through the noise and talk about what rising prices, shrinking credit access, and a shaky economy could mean for people already living on borrowed money. They cover why relying on available credit is dangerous, how banks can reduce credit lines with little warning, why HELOCs are not a guaranteed safety net, and what recent warnings from major companies may be signaling about debt, inflation, housing, and consumer pressure. They also dig into the ugly truth about timeshares, timeshare exit companies, debt settlement, and why waiting too long to act can make a bad situation much worse. This episode is a blunt, funny, real-world conversation about credit cards, emergency funds, cash flow problems, rising household costs, and how to protect yourself before your financial options disappear. Get more help, articles, and tools at https://getoutofdebt.orgTalk to Damon directly at https://damonday.com

    50 min

  5. APR 16

    Spring Cleaning Your Finances: Gas Prices, Debt Stress, Bankruptcy, and Smarter Money Moves

    Spring cleaning is not just for closets. In this episode of the Get Out of Debt Guy podcast, Steve Rhode, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, dig into what it really means to clean up your financial life when gas prices are rising, debt is getting heavier, and cash flow is tighter than ever.   They talk about how higher gas prices squeeze already stressed budgets, why carrying debt makes every financial problem worse, and how people can take back control by tracking spending, reviewing credit reports, and making decisions based on math instead of fear or shame. The conversation also tackles bankruptcy myths, why waiting too long can make debt problems more expensive, and how to think clearly about your options before panic sets in.   You’ll also hear practical advice about credit reports, debt collectors, scams, budgeting apps, government benefits, and why protecting your checking account matters more than most people realize. This is a straight-talking episode about debt relief, personal finance, bankruptcy, credit, budgeting, and financial survival in an economy that keeps getting more expensive.   For more help, visit https://getoutofdebt.org and if you want to speak with Damon directly, reach him at https://damonday.com.

    49 min

  6. APR 9

    “Budgets Are a Page of Lies”: Real-World Debt Strategy Beyond Dave Ramsey

    Dave Ramsey’s advice can help—until real life shows up. 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) scrap the planned outline and tackle what people actually struggle with: why Dave Ramsey’s “beans and rice” approach works for some…and flat-out fails for others. They break down: What Dave Ramsey gets right (debt is serious, emergency funds matter, snowball wins can work) What he misses (depression, ADHD, stress, decision paralysis, and the reality that not everyone can grind for 5 years) Why automation beats budgeting for a lot of people (systems > willpower) How to pay off debt when you feel like you have no extra money When it makes sense to stop paying certain debts to protect cash and build a plan (including bankruptcy or settlement prep) The hidden “gotcha” of credit union cross-collateralization (yes—an “unsecured” credit union debt can put your car or even your house at risk) They also touch on the social side nobody talks about: the embarrassment of being broke, avoiding friends, and how isolation fuels the debt-depression loop. Get help and tools at https://getoutofdebt.org Book a free call with Damon at https://damonday.com

    50 min

  7. APR 2

    Tax Refund and Debt: Why Throwing Your Refund at Credit Cards Usually Doesn’t Work

    Steve Rhode, the old original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, dig into a hard truth about tax refunds and debt: getting a refund feels good, but using it to make a small dent in credit card balances usually does not solve the bigger problem. In this episode, Steve and Damon talk about why hoping for a windfall is not a real debt strategy, how to use a tax refund as a reset point, and why April is the perfect time to build a smarter plan for getting out of debt. They also cover how adjusting your tax withholding can help, why automating savings matters, and how high-yield savings accounts can keep your money working for you instead of giving the IRS an interest-free loan. The conversation also dives into three important topics people struggling with debt need to understand right now: private student loan debt and bankruptcy options, ADHD and debt behavior, and how bankruptcy timing can make a huge difference depending on your income situation. This episode is for anyone dealing with credit card debt, tax refund decisions, student loans, budgeting problems, financial stress, debt settlement questions, or bankruptcy concerns. More help and articles: https://getoutofdebt.org Reach Damon Day for a free consultation: https://damonday.com

    43 min

  8. MAR 27

    Debt Forgiveness and Taxes: What a 1099-C Means Before You Settle Debt

    What happens when a creditor forgives part of your debt? 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 the tax consequences of debt forgiveness and explain what a 1099-C really means. If you settle debt for less than you owe, the forgiven balance may be treated as taxable income by the IRS. Steve and Damon walk through how canceled debt works, when you may owe taxes, when the insolvency exception could help, and why so many people get blindsided because debt settlement companies never explained the full picture. They also talk about why bankruptcy is often misunderstood, how debt can affect security clearances and professional licenses, the danger of hidden debt in marriage, and why shame should never drive your debt decisions. This is a practical, honest conversation about debt relief, debt settlement, bankruptcy options, tax liability, and how to make a smart plan before you act. Read more and use the free tools at https://getoutofdebt.org Reach Damon directly at https://damonday.com If you are dealing with debt settlement, forgiven debt, IRS tax issues, or trying to understand your debt relief options, this episode will help you make sense of what happens next.

    46 min
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Welcome to the Get Out of Debt Podcast with Steve Rhode, your trusted source for practical debt solutions, budgeting tips, and effective money management strategies. Join us for real-world discussions on overcoming financial challenges. https://www.pinterest.com/getoutofdebtguy/ https://www.instagram.com/thegetoutofdebtguy/ https://bsky.app/profile/getoutofdebtguy.bsky.social https://www.facebook.com/GetOutOfDebtGuy/ https://x.com/getoutofdebtguy

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