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Content provided by Steve Rhode. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Rhode or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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Laid Off or Terminated? Smart First Moves to Protect Your Finances

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Manage episode 506744990 series 1090713
Content provided by Steve Rhode. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Rhode or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Losing your job can feel like the floor’s been pulled out from under you—but there are steps you can take right away to steady your finances and protect your future. In this episode of the Get Out of Debt Guy Show, Steve Rhode (the original Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) break down what to do first when you’re laid off, terminated, or facing a sudden loss of income.

We also tackle a listener’s question: If your loan is sold to a collection agency, does that mean you don’t owe the debt anymore? Damon shares a wild personal story about fighting Citibank in court, and Steve explains why documentation and planning matter more than online myths.

From managing credit cards and unemployment benefits, to side hustles like DoorDash and Instacart, this conversation is packed with real-world strategies to avoid common mistakes when income stops.

💡 Want help with your unique situation? Damon can be reached directly at DamonDay.com.
📚 More resources and guides at GetOutOfDebt.org.

  continue reading

209 episodes

Artwork
iconShare
 
Manage episode 506744990 series 1090713
Content provided by Steve Rhode. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Rhode or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Losing your job can feel like the floor’s been pulled out from under you—but there are steps you can take right away to steady your finances and protect your future. In this episode of the Get Out of Debt Guy Show, Steve Rhode (the original Get Out of Debt Guy) and Damon Day (the new Get Out of Debt Guy) break down what to do first when you’re laid off, terminated, or facing a sudden loss of income.

We also tackle a listener’s question: If your loan is sold to a collection agency, does that mean you don’t owe the debt anymore? Damon shares a wild personal story about fighting Citibank in court, and Steve explains why documentation and planning matter more than online myths.

From managing credit cards and unemployment benefits, to side hustles like DoorDash and Instacart, this conversation is packed with real-world strategies to avoid common mistakes when income stops.

💡 Want help with your unique situation? Damon can be reached directly at DamonDay.com.
📚 More resources and guides at GetOutOfDebt.org.

  continue reading

209 episodes

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