You’re Not Bad With Money — You’re Overpaying the Minimums

If you’re making good money and still drowning in debt, this episode is for you.

Steve Rhode (the old, original Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) flip the script on the shame that high earners carry. Because your salary isn’t why you’re stuck — it’s the reason you can get out faster than you think.

We dig into what’s driving debt right now (hint: it’s not “overspending” for most people), why minimum payments keep even high earners trapped, and why “I’ll deal with it next month” turns into years of treadmill living. Then we get practical: what options actually exist when you make too much for a clean Chapter 7, how debt settlement can work if you have a real plan, and why the goal isn’t a magic trick — it’s a strategy that resolves the entire situation.

You’ll also hear what’s happening with student loans, why creditors seem more aggressive lately, and how to stop letting fear of credit damage or lifestyle disruption keep you frozen.

This week’s exercise: add up what you’re spending on minimum payments every month. That number is your leverage — the money that could fund your escape.

Learn more at https://getoutofdebt.org

Reach Damon at https://damonday.com