Get Out of Debt Guy | Smart Debt Solutions for Your Financial Freedom
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.
- Indexed episodes, last 90 days
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- Sep 24, 2026
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- Jul 9, 2026
Latest episodes
Budgets Suck: Debt Traps, Emergency Savings, and Keeping Up Appearances (opens the original)
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Budgets suck—and they usually don’t work. Steve Rhode and Damon Day discuss what matters more: cash flow, money left at the end of the month, and a realistic plan for saving and handling debt. They examine how debt settlement and credit counseling can hurt people living on Social Security or another fixed income, especially when monthly payments leave too little for food, medication, and other essentials. They also explore spending to impress people, predictable “emergencies” such as tires and h
Are You Helping Your Kids—or Hurting Your Retirement? – The Money Choices That Cost Millions (opens the original)
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What if the everyday money decisions that feel completely normal are quietly costing you hundreds of thousands—or even millions—over your lifetime? You can get Steve's free weekday money email at YourMoneyActually.com Steve Rhode and Damon Day tackle the financial assumptions we rarely question: always having a car payment, buying more car than we need, co-signing for our kids, paying their expenses, and trying to make everything “fair” between siblings. They dig into the staggering long-term op
Should Adult Kids Pay Rent—or Are You Sacrificing Your Retirement? (opens the original)
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Should adult children living at home pay rent? And if they do, should parents use that money for household expenses or quietly save it to help them later? Steve Rhode and Damon Day discuss the financial tightrope between helping grown children get ahead and protecting your own retirement savings. They tackle rising housing costs, family debt, the sandwich generation, and why parents must put on their own financial oxygen mask first. They also compare the real cost of owning a Tesla Model Y and C
Should You Stop Paying Credit Cards? – Why Banks Won’t Help Until You’re Behind (opens the original)
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What if the “responsible” thing you’re doing with your debt is actually making your situation worse? This week, Steve Rhode and Damon Day dig into one of the strangest realities of credit card debt: your bank may refuse to offer meaningful help until you’ve already fallen behind. That creates a brutal trap. People raid savings, drain retirement accounts, and keep making payments they can’t afford—all because missing a payment feels irresponsible. Then, once the money is gone and the payments fin
Bankruptcy Isn't Failure—It's a Financial Tool | AI, College, and the Cost of Bad Money Decisions (opens the original)
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Is bankruptcy really a moral failure—or is it one of the smartest financial tools available when debt has become impossible? In this episode, Steve Rhode and Damon Day challenge some of the biggest myths surrounding bankruptcy and explain why making financial decisions based on fear, guilt, or bad advice can cost you far more than making an informed choice. They discuss why prioritizing the right bills matters, how to think strategically instead of emotionally, and why having a plan is often the
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