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

We are back. It's been a bunch of hot minutes since the last podcast. But Damon Day and myself, Steve Rhode, are huddled over an iPhone recording this podcast in a random hotel room someplace. Besides discussing the manufactured student loan fiasco with the off-again and soon-to-be-on-again student loan payments, we chat about the confusion created by the new SAVE program that might not go thr...

In this podcast, Damon Day (DamonDay.com) and I talk about the problems people face with American Express cards closed without notice or because of a problematic customer service interaction. We also discuss the problems faced by people suffering from financial problems and answer reader questions. This is a new format, as a video podcast. Enjoy. Steve - You Get Out of Debt Guy https://getoutofdeb...

Being in debt feels like a dark hole, a deep pit, without hope or any way out. Struggling to find ways to make extra money can feel impossible as well.  But the secret is both situations benefit from the same free tip Damon Day, and I talk about on this podcast. You can follow our side-hustle testing at PennyStupid.com But if you have debt questions or need some free advice, I'm here for you....

Worrying about being scammed by a debt relief provider is a real fear. But what is a scam? That question is surprisingly more challenging than you might imagine. In this podcast, Damon Day and I discuss why calling any debt rescue company a scam is so tricky. For example, if a company provides you with bad advice but doesn't take your money, does that make them a scam? And then we start talking ab...

Here is the latest review from the Penny Stupid Project on mining Helium as a side hustle. Is it worth it? Here is what you need to know before you start. If you're thinking about investing in helium mining, then you might be wondering if it's too late. In this podcast, After learning about the helium mining industry, you'll be able to make an informed decision about whether or not it's worth inve...

We are checking in with you again to share this week's update on The Penny Stupid Project. This week we give you the latest on our testing of retail arbitrage, Amazon FBA, driving for Lyft, and a brief mention of mining Helium cryptocurrency. For more on the project, visit PennyStupid.com . Subscribe to email updates here .

Damon shares his first night stories and impressions about the realities of driving for Lyft as a totally new driver learning the way. Each night is a new lesson learned. Towards the end of the video, Damon gives us his side hustle thumbs-up review regarding making decent quick money.   Becoming a rideshare driver can be intimidating. Who will get in your car? Will you be safe? What might I expect...

Getting out of debt can be tackled with several different approaches. One is reducing what you owe, but another is increasing income to help pay down the debt. Experience has taught me that a combination of both usually is the winning hand. But making extra money is problematic when trying to do it through desperation rather than inspiration. So we aim to change that for you by showing you the way...

Give me five minutes, and I'll help you to understand the complexities of the housing crisis we face in 2022 and why both home buyers and renters are finding it difficult to move ahead. It's complicated. If you have a question you'd like to ask, go to https://getoutofdebt.org/question , or if you want to leave a question for an upcoming podcast, go to https://getoutofdebt.org/message . Steve Rhode...

Getting out of debt is about either reducing expenses or increasing income, so Damon and I decided to start a new site all about side jobs from home to help make money. The PennyStupid website gives you the scoop and inside experience on side hustling. You can learn by watching us on YouTube or listening to our podcast to know which side jobs from home can be successful.  This new gig project...

The word inflation is used all the time, but what does it really mean, how do we measure it, and what happens when we try to reduce it? Let's talk about it in today's shortcast. If you have a question you'd like to ask, go to https://getoutofdebt.org/question , or if you want to leave a question for an upcoming podcast, go to https://getoutofdebt.org/message Steve Rhode, your Get Out of Debt Guy f...

In this Debt Free Dudes podcast, Damon Day and Steve Rhode talk about preparing for a recession, inflation, worsening economic chances, saving money, and an update on the side hustle project. Additional information for the facts behind this podcast is below. There is a 50-50 chance of a mild recession late in 2022 or 2023. The U.S. is not in a recession yet. However, we find that most indicators—p...

This podcast is chapter three of my book, The Path to Happiness and Wealth . In this chapter, "Take a Lap on the Gerbil Wheel of Debt," we take a look at the reality that most of us keep circling the same debt cycle, never getting ahead. For more about this book, visit this page . If you have a question you'd like to ask, go to https://getoutofdebt.org/question , or if you want to leave a question...

Debt settlement is not a monolithic debt relief solution. I like to say debt settlement is like an onion. It has layers.  There are several forms of tackling your debt using settlement. All are distinctly different, and understanding the differences is important to make the best choices for you and your situation. For example, you could listen to someone on Facebook tell you what you should d...

Chapter two of my book, The Path to Happiness and Wealth. In this chapter, we take a more introspective look at the factors that drive money troubles and what prevents us from making ends meet. The chapter has plenty of client examples that help to fill your quota of debt voyeurism and the ability to learn from situations others have faced. I wrote this book in 2002, and it's funny to look back an...

Good people dealing with money troubles and debt worries make this same mistake over and over. Unfortunately, it can cost millions of lost dollars in retirement savings. In this podcast, Steve Rhode from https://getoutofdebt.org and Damon Day from https://damonday.com talk about how to avoid this simple, crushing mistake that can ruin a future financial life. We also discuss the best approach and...

I wrote this book in 2002, but the lessons and insights included are just as relevant today as they were then. I was awarded the Washington Post personal finance book of the month award for this book. It is a holistic look at the secrets to overcoming debt and finding a balance with money in your life. It’s a good book for people to read that might be having issues with shopping issues, compulsive...

For many years I've written about the tactic some debt relief companies use to trick consumers into signing up for some form of debt relief. Consumers receive offers in the mail for a personal or debt consolidation loan and are told they don't qualify, but "we have a better program." Damon Day and I discuss the issues raised in I Was a Bait and Switch Debt Relief Sales Person in this podcast. Here...

A frequent question I get is from people upset with the performance of some company they hired to help them.  When they reach out to me for answers, they are pissed off and angry. That is understandable.  There is a healthy and helpful way to resolve such company complaints without raising your blood pressure or being victimized.  Today I want to share the secrets I've learned over...

I want to share some truths about financial fear and anxiety in this episode.  I'll also share info on how to get a substantial government-guaranteed return on your savings, or is that statement a scam? Let's find out. I then want to share information about review terrorists and finish with a personal story and a debt life lesson. But first, I wanted to share this saying which applies to deal...

Today I wanted to share some life-altering low-stress advice on how to best deal with debt collectors. I think what I'm going to share will surprise you and be a big help if you or someone you know is getting calls from a debt collection agency. When it comes to debt collectors, not everything you believe is true. So let's put all the assumptions aside for this podcast. If you have a question you'...

This week on the Get Out of Debt Guy podcast, I want to talk with you about time running out, buying stuff for less than it costs, car payments over a cliff, and Baaaad people. If you have a question you'd like to ask, go to getoutofdebt.org/question , or if you want to leave a question for an upcoming podcast, go to getoutofdebt.org/message Steve Rhode, your Get Out of Debt Guy from GetOutOfDebt....

In this special podcast about debt and the economy in the UK, Jon Emgee from GetOutOfDebt.org.uk and I discuss many issues like why people have to put money in their gas and electric meters, the grocery walk of shame, UK inflation, petrol prices, healthcare, and much more. This show is part information and education and part telling stories.  If you have a UK debt-related question, you can as...

In this podcast, I want to share the following stories that may surprise you. We will start with a loan advertisement that might appear in your mailbox and why you need to watch out.  Then we will chat about what will happen with home prices in this uncertain economy. Will they crash? Let's take a look. Next, I want to discuss how you might be inadvertently hurting people that help you. ...

One of the most dreaded words in the English language is budgets.  So today, I want to share some unspoken truths about budgets and make a confession to you as well.  The thought of a traditional or typical budget can create fear, shame, and stress for many. And that's just the tip of the iceberg. Budgets can also lead to fights, marital distress, and the absolute end of some relationshi...