Get Out Of Debt Guy Show

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. --- Send in a voice message: https://podcasters.spotify.com/pod/show/get-out-of-debt-guy/message

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.The conversation delved into scenarios where preserving a high credit score may not align with financial priorities, such as paying off high-interest debt. We explored the nuances of different debt management options, such as bankruptcy, debt settlement, and credit counseling, debunking common myths and biases associated with each. The speakers shared anecdotes and experiences to illustrate how individuals can navigate financial challenges effectively without solely focusing on their credit scores.Furthermore, we discussed the importance of e

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. Additionally, we underscore the significance of seeking professional help and acknowledge the correlation between self-care and making sound financial decisions. Ultimately, our discussion culminates with a powerful reminder for listeners to prioritize their overall well-being by actively managing stress. You can contact Damon at https://damonday.com Link to CFPB story we talk about: https://getoutofdebt.org/171657/strategic-financial-solutions-and-ryan-sasson-stumble-and-get-pounded#more-171657 --- Send in a voice message: https://podcaste

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. We encourage listeners to try food delivery and ride-sharing apps for flexible income, which can subsidize desired lifestyles and enhance retirement funds. We share personal experiences with gig work and address concerns about future changes. Additionally, we promote our YouTube channel and recommend a debt coach for listeners. --- Send in a voice message: https://podcasters.spotify.com/pod/show/get-out-of-debt-guy/message

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. However, it's crucial to emphasize that alternative solutions are available.Embarrassment is a common emotion associated with debt, and many people want to keep their financial struggles a secret from loved ones. However, we highlight the fact that people are often too preoccupied with their own lives to be overly concerned about our debt. We encourage seeking support from someone outside our normal circle who won't judge us. While feeling embarrassed about debt is normal, we should not let shame consume us. Unexpected

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. We debunk the myth that bankruptcy ruins one's credit for 10 years and share a personal experience of receiving a credit card offer shortly after obtaining discharge papers. We highlight that banks are willing to lend money and do not view individuals as failures for having debt. Additionally, we emphasize the importance of not making decisions solely based on credit scores and not relying on social media for financial comparisons.We then share a story about a client who had a negative experience with a Burger King drive-thru, where they were charged $2,000 instead of $20 due to a transactional mistake. We highlight the r

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. However, they suggest cutting back on expenses or finding side hustles like driving for ride-sharing or delivery apps to create a separate fund for savings. Starting small with a few hundred dollars a month can make a big difference in the long run.Damon shares his experience of making over $900 on New Year's Eve. Steve suggests saving at least $500 of it while still enjoying some rewards. He recommends investing in treasury bonds, specifically the I-series savings bonds, which offer a 5% interest rate and are considered a safe form of investing. Another option di

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. --- Send in a voice message: https://podcasters.spotify.com/pod/show/get-out-of-debt-guy/message

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. --- Send in a voice message: https://podcasters.spotify.com/pod/show/get-out-of-debt-guy/message

This time Damon Day and Steve Rhode decided to combine our two podcasts on debt and side hustles into one. I think people interested in side hustle extra money might also have some interest in financial topics as well. We shall see. Topics included Uber, Lyft, Amazon FBA, scams, legal threats, fake debt collectors, and more. --- Send in a voice message: https://podcasters.spotify.com/pod/show/get-out-of-debt-guy/message

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 through even though millions are now enrolled. Damon from DamonDay.com talks about how consumers call him in a panic over student loan payments starting soon. And in the years since student loan payments were put on pause, people's spending expanded to fill the void left by suspended student loan payments. What could go wrong? Whatever financial mess consumers face seems to be created more by emotional politics than a promise by the government to its citizens. We talk about why the financial mess created by higher education debt will not be resolved anytime soon. The podcast turns into a warning on how not to

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://getoutofdebt.org --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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.  Steve Rhode - Your Get Out of Debt Guy from GetOutofDebt.org --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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 about how easy it can be for people of all incomes to make an extra $800 a month with some side gig or side hustle. We share an update about our efforts at PennyStupid.com  Steve Rhode - Your Get Out of Debt Guy from GetOutofDebt.org --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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 investing in this exciting new industry. We'll also give you a glimpse at the helium HNT price prediction so you know exactly how much helium is worth right now. Stay up-to-date on the latest helium mining news and make the right decision for you! Important links from this review: https://pennystupid.com/can-you-still-make-money-with-a-helium-miner/ https://explorer.helium.com/ Important links from this review: https://pennystupid.com/can-you-still-make-money-with-a-helium-miner/ https://explorer.helium.com/ --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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. --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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?   As part of our Penny Stupid Project, Damon is taking one for the team and actually getting in the seat to give you an inside look at what he experienced. Follow along https://pennystupid.com/subscribe-to-penny-stupid/  Are there good things and bad things? Of course, there are, but that's the same with any side hustle opportunity. Your decision should be how much money you can expect to make in your extra hours and what the side hustle is like.   If you live out in a rural area, you will probably not have the same results as Damon in Phoenix. However, I've met rideshare drivers who drive towards a busier area

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. My friend debt coach Damon Day and I are working together to find side hustles you can explore to help make an extra $500 to $2,000 a month with your own side business or side hustle. We are not selling anything, so don't worry. The advice you will hear is unbiased. We're starting from scratch on the different side hustles, so we will find the potholes so you can avoid them. As Damon once said, Our side hustle is to try all the side hustles, so you don't have to.  So true. Please join me on this journey and give me your feedback at PennyStupid.com or leave me an audio message at https://getoutofdebt.

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, your Get Out of Debt Guy from GetOutOfDebt.org. --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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 aims to provide you with tested and tried actionable information to help you start making an extra $500 to $2,000 a month. Use some of your gig and side job money to reduce your debt but be sure to use some for fun.  It's one thing to research side hustle ideas, but Damon and I are putting them to the test and sharing the real-life results and lessons learned with you. So come along on the Penny Stupid journey and listen to our successes and failures. I'm sure we will sometimes fall flat on our faces, but you can't have great success without making mistakes and learning painful lessons. For more information