Podcast Category Archives -: Recent Episodes
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Chapters 0:00:01 Introducing the Get Out of Deck Guy team 0:00:33 The Range of Emotions Caused by Debt 0:02:25 A Lively Discussion on Extravagant Spending 0:02:42 Women considering unconventional ways to pay off debt 0:07:06 Seeking advice outside of immediate circle of friends 0:10:13 Emotional Attachment to a Beloved Pet 0:12:39 The Impact of Depression ... Read more
Introduction to 16 Common Myths about Getting Out of Debt [0:00] Hey, you’re back with the Get Out of Debt Guy show. I’m the old Get Out of Debt Guy, Steve Rode, and with me is the new Get Out of Debt Guy, Damon Day. Hey, Damon. Hey, Steve. Today, we’re going to be talking ... Read more
Listen to the Podcast You can subscribe to my podcast on any of these sites below. Easiest way to listen – Say “Hey Siri play Get Out of Debt Guy Podcast” or “Hey Alexa play Get Out of Debt Guy Podcast” Easiest way to subscribe – Say “Hey Siri subscribe Get Out of Debt ... Read more
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 ... Read more
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 ... Read more
Here is a look at the side hustle of mining Helium (HNT) cryptocurrency. This project has been in the works for some time now, and I can finally share the testing results with you. Read my full post on the PennyStupid.com site for a more detailed review. You can subscribe to my podcast on any ... Read more
In this week’s update, Damon and I give you the latest on The Penny Stupid Project side hustles in the works. I bet our wives appreciate these updates to figure out what the hell we do all day long. It seems like the days are packed working on The Penny Stupid Project. In this update, ... Read more
Hi, this is Steve Rhode, your Get Out of Debt Guy from GetOutOfDebt.org. Moving forward, you will hear more podcasts from me about a project I’m working on named Penny Stupid. Getting out of debt can be tackled with several different approaches. One is reducing what you owe, but another is increasing income to help ... Read more
Listen to the Podcast You can subscribe to my podcast on any of these sites below. Transcript In the shortcast today, I wanted to give you some inside knowledge of the current state of housing and mortgages in the US. Hi, this is Steve Rhode, your Get Out of Debt Guy from GetOutOfDebt.org. The ... Read more
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 ... Read more
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. Listen to the Podcast You can subscribe to my podcast on any of these sites below. Easiest way to ... Read more
What began as a discussion about inflation, recession possibilities, and deleting debt, turned into a look inside the side hustle project and life. This week, Damon Day and I present another Debt Free Dudes podcast. Enjoy. Listen to the Podcast You can subscribe to my podcast on any of these sites below. Easiest way ... Read more
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 ... Read more
Listen to the Podcast You can subscribe to my podcast on any of these sites below. Easiest way to listen – Say “Hey Siri play Get Out of Debt Guy Podcast” or “Hey Alexa play Get Out of Debt Guy Podcast” Easiest way to subscribe – Say “Hey Siri subscribe Get Out of Debt ... Read more
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. ... Read more
Listen You can subscribe to my podcast on any of these sites below. 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 ... Read more
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 ... Read more
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 ... Read more
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 ... Read more
Listen to the Podcast You can subscribe to my podcast on any of these sites below. Easiest way to listen – Say “Hey Siri play Get Out of Debt Guy Podcast” or “Hey Alexa play Get Out of Debt Guy Podcast” Easiest way to subscribe – Say “Hey Siri subscribe Get Out of Debt ... Read more
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 ... Read more
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 ... Read more
Over the decades I’ve watched so many good people wind up being victims of being budget mugged. It doesn’t have to be this way. It’s time to let go of budget stress and look at doing better financially in a new way. In this podcast, I give you a new way to eliminate the budget ... Read more
Today, we’re going to be talking about credit repair, how to improve your credit score, scams to avoid, and what you should and should not do to help make your credit score as shiny as it should be. You can find Damon Day on his site. If you have a question you’d like to ask ... Read more
You will not believe the craziness the Department of Education is undertaking to forgive student loans for many while punishing the folks that are in the most financial need. In today’s podcast, I talk about how insane this is. If you owe Parent PLUS loans, you can forget about reasonable forgiveness of student loan debt. ... Read more
Today Damon and I talk about how to boost your income with side hustles. But, it does not have to be a painful experience. Success is a mindset, and the opportunity to make more money is as close as your smartphone. There is no shortage of apps and things you can do to raise money. ... Read more
Today we need to have an honest discussion about the most significant growing scam category. Once you finish learning about it in this podcast, you will have to help spread the word to friends, family, and people you know. Don’t let them become a victim. Although cryptocurrency has yet to become a mainstream payment method, ... Read more
This story caught my attention and the ability to attend any state college or university and get free child care is a major policy change that can help lift people up without going into massive debt. For people that are looking to have a chance at a better future by attending vocational training, technical schools, ... Read more
Question: Dear Steve, Due to poor judgment, I went into business with the wrong people. As a result, my credit cards were maxed out, and all inventory was stolen. I struggled to make payments on everything before this proved too much. Finally, I could no longer pay my bills. Again I was a victim of ... Read more
I was talking with my debt coach friend Damon Day about benefit fraud. It has been about a decade since I last research the issue. Read Welfare and Benefit Fraud Statistics Show a Disturbing Pattern. If you listen to assumptions and opinions about who is behind benefit fraud, you might think the primary offenders are ... Read more
Question: Dear Steve, I have significant credit card debt and a repossession Is it better to do debt settlement or file chapter 7 bankruptcy I know neither are good options but we are very upside down and cannot afford our payments. Tina Answer: Dear Tina, It is interesting how a seemingly simple question can have ... Read more
Question: Dear Steve, I’ve been an Amex customer for ten years and have five accounts. I spend over $1M each year, closer to $2M on average, and out of the blue, all accounts closed. No missed payments or anything like that. I pay the balances in full each month. I was told it “was a ... Read more
Question: Dear Steve, I’m living on permanent disability and dealing with credit card minimum payments that are eating most of my monthly income. I have been told that ACCC American Consumer Credit Counseling (the nonprofit organization) is great at reducing interest rates and monthly payments by 50%. Is this true? Are they reputable? What could ... Read more
Yesterday I wrote How to Get Your Federal Student Loans Forgiven if You Go to Prison. The results of my research were so surprising I had to make this podcast as a follow-up. This is just another wrinkle in the ridiculousness created by student loans. After taking a deep dive into this subject, I’m not ... Read more
Should You Rent or Buy a Place to Live No question has been asked more often over my decades of helping people with money, credit, and debt issues than is it is better to rent or buy. Listen to the Podcast The best answer to that question is yes because arguments can be made on ... Read more
Question: Dear Steve, I have three credit card accounts, all with Citibank. Two of them are closed. The one open account has a credit limit of $1700. I am just $140 below the limit on it. The other two are at about 40% or less. I am getting dinged on my FICO score as they ... Read more
Today, my concern for your finances is over credit card balances and interest rates rising. People are not prepared for what is coming, and I want you to be ready. The latest figures are out from the Federal Reserve report on consumer credit. The G19 information looks at what types of debts are rising and ... Read more
Over on the Debt Free Dudes podcast, Damon Day and I talk about the confusion, complexities, and misinformation about the announcements that Navient forgiveness of student loans. There are so many important details the headlines can’t give you. Debtors will be confused and may wind up angry if they think some or all of their ... Read more
Well, federal student loans have been put on hold until January 31, 2022, and while that sounds like a fantastic way to deal with people struggling to pay student loans, it has good points and some not-so-great features. In this podcast, Damon Day and I talk about how not all “federal” student loans are included ... Read more
There is so much misinformation floating about when it comes to dealing with debt. Far too many people tell you bankruptcy is a last resort or you should avoid bankruptcy. But here is the ironic thing, that is often the worst advice possible. In this podcast, Damon Day and I talk about bankruptcy, myths and ... Read more
The issue today is that there seem to be so many conflicting stories and so much misinformation about student loans, people have become frustrated. Student loans are a major problem for most of our listeners and the nation. Not only are they unaffordable but they are also dragging down all consumers with higher prices, and ... Read more
Today Damon Day and I talk about three quick topics. The first is a reader comment from our last podcast on debt validation. Danny sure is irritated by the podcast. Next, we talk about the termination of financing agreements for student loan assistance services. Finally, we discuss how the FTC is sending refund checks to ... Read more
Today Damon Day and I get stupidly silly laughing and complaining about the ridiculousness of the Public Service Loan Forgiveness program that was intended to forgive student loans for firefighters, police officers, teachers, low-income lawyers, military service members, and more. The PSLF program has turned into a disgrace with more than 98% of people apply ... Read more
In this podcast, Damon Day and I talk about why debt validation isn’t really the magic solution some companies try to sell to consumers. There is much more to know about debt validation before you just leap at the incredible sales pitch. If you think debt validation is the way you’d like to take care ... Read more
On this podcast Damon Day and I focused on reduced mortgage payments for people behind on their federally backed mortgage loans after Covid forbearance ends, why it is so easy to make bad emotional decisions, and adios to FedLoan Servicing. Steve Rhode Get Out of Debt Guy GetOutOfDebt.org Transcript Steve Rhode: [00:00:00] So I just ... Read more
This time Damon Day and Steve talk about debt settlement. Or at least that’s what the podcast was supposed to focus on. It didn’t take long before it ran off the rails. But the show covers: What is debt settlement? What debt settlement is not. Is debt settlement always the best solution? Does debt settlement ... Read more
Identity theft is sometimes a problem with family members and roommates. People will be surprised how close to home this can happen and what you can do about it. We talk about how student loan debt breaks families apart. And we wind up talking about new rules that allow for some additional student loans to ... Read more
Today I’m answering the following two reader questions. Amie I need advice please about disputing a debt on my credit report. A third-party debt collector added a closed account to my credit report when that account was previously closed two years ago after a stipulated agreement was made between the original creditor and I and ... Read more
If you want to see someone instantly disagree with you, tell them that people that file bankruptcy do better financially than people who don’t and struggle. The Two Sides of Money Troubles When people face unexpected money troubles, it is just math wrapped in emotion. The underlying facts are not judgmental. And the math doesn’t ... Read more
This week Damon Day (DamonDay.com) and Steve Rhode (GetOutOfDebt.org) spend far too much time laughing and joking about nonsensical stuff while they deal with some serious debt subjects. When it comes to debt there is no sense dying all tensed up. They introduce the new call-in line where you can leave your question on voicemail ... Read more
This week Damon Day and I talk about a wide variety of topics. Everything from why big TRS refunds spell trouble to what you really need to know about credit cards and debit cards. The advice is what you would least expect. As usual, the commentary is irreverent at times and we certainly don’t take ... Read more
On this podcast, Damon Day and I produce another low rent show, this time about the recent information out from the Department of Education Inspector General. The report released found the Department of Education was doing a poor job keep federal student loan servicers in line. The report stated, “By not holding servicers accountable for ... Read more
Dealing with financial problems is about more than just making a budget. This time Damon Day and I talk about how to make having fun affordable, traveling on the cheap with your own trailer, a few money-saving tips, and Damon tells us how he just got scammed on Craigslist. I’m not sure how we managed ... Read more
Damon Day and I talk about what to do if you’ve received an offer in your mailbox for a debt consolidation loan. Not every offer turns out to be what you think it is. We talk about questions to ask and what to do when you call the company to get a loan. If you ... Read more
This time my friend Damon Day and I talk quickly about several topics that made us scratch our heads this week. Here are the posts on my site that correspond with some of the stories we stumble through. You can listen to it below. 1. Chinese Smartphone App to Find Debtors 2. There Are No ... Read more
After several years I finally brought the Get Out of Debt Guy podcast back to life. This time I talk to Damon Day about some Surgeon General warnings that should be stamped on the student loan application. We also talk about the best ways to avoid the debt collector. The two articles that go with ... Read more
Budgets can be an exercise in pain for many people. The sad part is it doesn’t have to be like that, at all. Building a great budget is simple when you understand what not to do. And what you shouldn’t do first is sit down and make a budget from memory. That just sets you ... Read more
In this show, I share some critical information and advice with you on how not to become a victim or get scammed when you are searching for debt relief help. Having financial problems can be scary enough but who can you trust and who should you turn to when you are looking for good options ... Read more
The latest Get Out of Debt Guy show. Damon Day and I talk about the big changes in the debt relief world over the past year. We talk about about how many debt relief companies have failed and how new rules from the FTC have altered the way the debt relief world works. We talk ... Read more
Here is this weeks podcast where Damon Day, from DamonDay.com, and I talk about a number of debt industry issues including: If it is possible to settle your own debt. How to begin to approach do it yourself debt settlement. Hiring a debt settlement company is a smart thing to do if someone does not ... Read more
In this show I talk with Dr. Louis Hyman, a consumer credit historian. We talk about the history of debt relief. He points out that the process of intervening in the debt of consumer began way back after World War I with the advent of new consumer debt opportunities. It does not matter if it ... Read more
Revelations in debt settlement tops today’s show. Alex Viecco from New Era Debt Solutions openly talks about his disgust with the current state of debt settlement and why his company boldly and publicly resigned in disgust from The Association of Settlement Companies (TASC). In this show Alex is followed by some exceptional good financial advice ... Read more
On today’s show I talk with Dr. Louis Hyman, an expert in the history of debt. Not only was it great talking with him but we chatted just as long off the air. This is one guy you’ll be hearing more from in the future on this show. We talked about the history of debt, ... Read more
Today we’ll be also talking about the impact the new fee ban for debt settlement services is going to have. We’ll also talk about changes that are impacting credit counseling and why people need to address their problem debt now before the economy improves too much. All that and a caller question on today’s show. ... Read more
Here is this weeks podcast where Damon Day and I talk about a number of debt industry issues including: Personal attacks against articles and stories written. Why some people don’t want consumers to get honest or independent advice. The reason why personal attacks are simply meant to misdirect consumers from hearing a message others don’t ... Read more
Here is this weeks podcast where Damon Day and I talk about a number of debt industry issues including: Debt settlement companies settling up offshore enterprises to sell services back to U.S. residents. The odd statements made in the recent Morgan Drexen press release. You can watch video from the release here. What is the ... Read more
This week Damon Day and I talk about the new debt settlement rules that were announced by the Federal Trade Commission, the need for them, the impact on debt settlement companies, why some debt settlement companies will fail and others thrive, and more about the attorney model of debt settlement that is being promoted as ... Read more
Yesterday I appeared as a guest on the Money America radio show that is heard in Massachusetts. Here is the broadcast and as you will hear it focused on recent changes in the rules from the Federal Trade Commission regarding debt settlement. You can listen to the show below. Money America Radio Show With Steve ... Read more