Has Anyone Attempted to Build Software to Answer Debt Questions Like You Do? – Justin

“Dear Steve,

Has anyone attempted to build a software algorithm when you or Damon Day intuitively advise on your consultations?


Dear Justin,

Actually I did. At one point, back when I had in-house software engineers and a staff we actually worked on a big project to create just such software. That was long before I ever met Damon Day.

The project went along nicely and started with great promise but it soon became apparent that there just were far too many variables and branches to make the project manageable. By the time we scraped it we had a huge wall filled with 3×5 cards taped to it and string running back and forth among the different branches to show alternative options.

The overwhelming problem with the solution is that it is relatively easy to create a logic tree to solve a financial problem, but when you try to factor in the virtually unlimited underlying issues, conditions and factors it then becomes totally overwhelming.

For example: Person A does not have enough money to make ends meet. The logical answer is that the income must be increased or debt reduced. But what if the person is living in a loveless relationship, has a horse to care for, is planning to go back to school, has old student loans in forbearance, has an addictive co-dependent personality and is suicidal. (Based on an actual case.)

See what I mean?

Please update me on your progress by

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Steve Rhode

Leave a Comment