Debt isn’t just about numbers—it’s about the emotional, moral, and even spiritual weight it puts on your shoulders. In this episode of The Get Out of Debt Podcast, Steve Rhode, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, dive deep into the centuries-old struggle of the morality of debt and how to get out of debt when you’re stuck.

We tackle why guilt and shame can keep you trapped, why lenders share responsibility for the problem, and explore debt advice that redefines tools like bankruptcy and debt settlement. Discover that these are not moral failures—they’re legal, practical ways to protect your family and your future. From ancient biblical debt forgiveness to U.S. Constitutional rights, we’ll help you break free from the mindset that keeps you in financial chains and focus on how to achieve financial freedom.

If you’ve ever wondered whether you’re doing the “right” thing by paying a debt you can’t afford—or if there’s a smarter, more responsible path—the insights shared in this conversation will open your eyes to effective debt solutions.

Visit https://getoutofdebt.org for valuable resources. Damon can be reached at https://damonday.com for one-on-one guidance.

Are you ready to learn how to get out of debt while cutting expenses without hating your life? In this episode of the Get Out of Debt Guy Show, I’m joined by Damon Day to unpack simple, sustainable debt advice that makes saving money feel manageable. We explore realistic spending habits that can sabotage your financial goals—like trying to impress others—while providing smarter choices such as buying a used car at the right depreciation point and understanding how technology is transforming car ownership. Additionally, we delve into how leasing can actually make sense, how small thermostat tweaks can lead to significant savings, and how to stop wasting money on things that don’t contribute to your happiness. This episode is filled with real talk, effective strategies, and all the actionable advice you need to give your bank account a well-deserved breather without going full monk mode.

This one’s about real talk, real strategy, and giving your bank account a breather—without going full monk mode.

For more resources, visit https://getoutofdebt.org

Want help figuring out your next best step? Reach Damon at https://damonday.com

We kick things off by answering a listener’s question: How do I know if my interest rate is too high? Seems simple—until we dig into the loopholes big banks use to dodge state usury laws and how shady tribal loan scams worked… until they didn’t.

But buckle up—because what follows is the real headline: a massive, catastrophic overhaul of the federal student loan system that almost nobody is talking about. From new borrowing caps to hidden rule changes that could disqualify you from forgiveness after years of payments, this episode is a wake-up call. If you’re counting on PSLF, stuck with Parent PLUS loans, or have any kind of federal student loan, this could save you thousands—or decades of regret.

👉 Ask your question at https://getoutofdebt.org/podcast
🙋‍♂️ Want help from Damon? Go to https://damonday.com

Life doesn't wait — and when the unexpected hits, your finances can crumble fast if you're not ready. In this episode, Steve Rhode, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, dive into the real cost of living paycheck to paycheck, why guilt is keeping you broke, and what smarter financial choices look like when you're staring down layoffs, car trouble, or divorce.

This isn’t about judgment — it’s about giving you real options, real strategies, and a chance to breathe again. If your credit card balances are higher than your savings account, it’s time for a better plan.

Listen in and learn how to build a safety net, protect your future, and make hard decisions feel a little... less hard.

💻 More free help: https://getoutofdebt.org
🤝 Talk to Damon: https://damonday.com

Big changes are coming for Parent PLUS loans—and most families have no idea. In this episode of The Get Out of Debt Guy Show, Steve Rhode and Damon Day break down the hidden deadlines, confusing rule changes, and massive traps built into the new Parent PLUS system. If you’re planning to help your kid with college—or already have Parent PLUS loans—June 30, 2026 is the line in the sand. Miss it, and you may permanently lose access to income-driven repayment and Public Service Loan Forgiveness.

We’ll cover what’s changing, what’s still unclear, and what actions every parent needs to take now to avoid a costly mistake. This isn’t just a student loan episode—it’s your warning signal.

Get the full breakdown at https://getoutofdebt.org. Damon is available at https://damonday.com.

Today on The Get Out of Debt Guy Show, Steve and Damon are together in person for a rare live conversation—and they’re diving deep into a topic most people avoid: bankruptcy attorneys.

After a lunch with a bankruptcy lawyer, they share insider perspectives on why so many people avoid bankruptcy even when it might be the best option. From emotional roadblocks and bad first impressions to sales tactics from debt relief companies that push people into costly mistakes—this episode unpacks it all. You’ll hear why some attorneys lose clients even when they have the right solution, how fear is often weaponized to sell debt programs, and why being your own advocate is the smartest move you can make.

They also break down:

• The emotional gap most attorneys miss

• Why rebuilding credit after bankruptcy might be easier than you think

• What real debt relief looks like (and what’s just hype)

• The importance of shopping for the right person, not just the right solution

This is the episode for anyone feeling stuck, judged, or confused about their next move.

🔗 For real help and judgment-free advice, visit https://getoutofdebt.org

💬 Want a one-on-one with Damon? Head to https://damonday.com

In this eye-opening episode, I sit down with Damon Day to talk about the fast-moving threat of artificial intelligence replacing middle-class jobs. From customer service reps to financial analysts and marketing writers, AI isn’t just nibbling around the edges — it’s bulldozing through entire career paths. We talk about what jobs are most at risk, whether upper management is really safe, and how fast this change is coming. (Spoiler: faster than you think.) We’ll also lay out practical steps you can take right now if you’re carrying debt, juggling long-term financial obligations, or just trying to build a future that won’t be outsourced to a bot.

This is one of those episodes that’s equal parts wake-up call and survival guide.

🔗 Learn more and get free tools at https://getoutofdebt.org

💬 Talk to Damon at https://damonday.com

Debt and guilt go hand-in-hand—and not in a good way. In this episode of the Get Out of Debt Guy podcast, Steve (the original Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) dive into the toxic guilt that keeps people stuck in debt and making bad financial decisions.

From draining retirement accounts to hiding credit card debt with more debt, guilt can lead to a spiral of shame, silence, and survival-mode living.

Steve and Damon share their personal rock-bottom moments—from cold postal Jeeps to garage-office dryers —and explain why guilt is not a financial strategy.

You’ll hear real talk about what actually works to get out of debt, how to flip the mental switch, and why sometimes “so what?” is the smartest thing you can say.

Whether you’re dealing with credit card debt, feeling overwhelmed, or just tired of hiding your financial reality, this episode is your permission to stop beating yourself up and start doing something different.

Damon can help—visit https://damonday.com.