Get Out Of Debt Guy Show

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

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

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—particularly those measuring labor markets—provide strong evidence that the U.S. economy did not fall into a recession in the first quarter. The U.S. economy continues to face economic risks. Labor markets remain tight, which is fueling wage growth and in turn inflation. This raises concerns that interest rates will have to rise to the point of increasing unemployment to bring inflation back down. Rising interest rates can also strengthen the dollar, making American agricultural exports less competitive in foreign markets. The Conference Board said - "Notwithstanding two consecutive quarters of negative GDP growt

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 for an upcoming podcast, go to https://getoutofdebt.org/message Steve Rhode, your Get Out of Debt Guy from GetOutOfDebt.org If you enjoyed this podcast, be sure to subscribe so you can be sure to listen to the next chapter. --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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 do to settle your debt. You might buy a book and try to learn how to do it yourself, or you might contact a mass market debt settlement company and get pitched some one-size-fits-none product. There are more variations. In this Debt Free Dudes podcast, Damon Day and I discuss how each option has traps or advantages. 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 If you enjoyed this podcast, be sure to subscribe so you can

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 and witness the death of the mall. Maybe they will make a comeback. We shall see. So forgive my focus on brick-and-mortar shopping in this age of point-and-click. Still, the features that shopping creates still apply to online shopping. 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 for an upcoming podcast, go to https://getoutofdebt.org/message Steve Rhode, your Get Out of Debt Guy from GetOutOfDebt.org If you enjoyed this podcast, be sure to subscribe so you can be sure to listen to the next one. ---

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 mindset to putting financial problems behind you and expect the best outcome with less stress. --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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 spending, overspending, hidden debt, etc.  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 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

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 is a list of some past links on this subject. I Was a Bait and Switch Debt Relief Sales Person WSJ Article Slays Debt Settlement Companies Using Personal Loan Offers to Bait and Switch New Rescue One Financial Loan Offer Letter Still Raises Concerns Rescue One Financial Still Sending Disturbing Mailer Look at Mailers From My I Buy Junk Mail Program 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.org --- Send in a voice message

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 the years on how to best deal with any company you have a problem or disagreement with regarding a product or service. 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.org --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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 dealing with money problems, Don't Believe Everything You Think.  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.org --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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

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

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 ask Jon by visiting GetOutOfDebt.org.uk --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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.  Finally, I want to wind up with a controversial topic with significant economic unintended consequences for both men and women. I bet this is going to give you information most have not considered. 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 --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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 relationships. It doesn't have to be that way. But, when it comes to finding the person you love, opposites attract. For example, a fundamental law of love and money is whether spenders attract savers or are savers attract spenders. I don't know. It's a chicken and egg problem. But I know that people with very different beliefs about money are drawn to each other.  There is more to being a budget planner than you would expect. Let's dive in and eliminate all your stress and guilt. 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 ge

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. If you have a question you'd like to ask on the Debt Free Dudes podcast, go to GetOutOfDebt.org/message or if someone wants to send in a question you can go to GetOutOfDebt.org/question. --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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. Parents are being left out in the cold. Speaking of folks left out in the cold, mobile homeowners are looking at exploding rents while the top 5 percent of income earners are living paycheck-to-paycheck. Steve Rhode - Your Get Out of Debt Guy --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

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. From selling stuff to offering a service, there is a little something for everyone. This podcast is unusual since it starts with some behind-the-scenes audio that usually gets cut and vanishes forever. If you have feedback you'd like to share with us, go to GetOutOfDebt.org/message, and if you have a question you'd like to ask, go to GetOutOfDebt.org/question. Enjoy the podcast. Damon Day & Steve Rhode - Your Get Out of Debt Guy --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

Today we need to have an honest discussion about the largest 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, reports to the Federal Trade Commission show it’s an alarmingly common method for scammers to get peoples’ money.  Since the start of 2021, more than 46,000 people have reported losing over $1 billion in crypto to scams – that’s about one out of every four dollars reported lost.  That’s more than any other payment method. The median individual reported loss? A whopping $2,600. Bitcoin was the most prevalent requested cryptocurrency by scammers. Seven out of ten requests were for Bitcoin, 10 percent were for Tether and 9% were Ether. As big as those numbers are, they still don’t give us a complete picture of the scam losses with crypto. The vast majority of frauds are never reported so if