See my research, posts, and articles on divorce, including financial impacts, legal considerations, and debt division. Click the link to explore key insights!
28% of Americans stay in relationships they want to leave because of money. Federal Reserve and academic research reveals options — from fee waivers to strategic bankruptcy — that can reduce divorce costs from $11,300 to under $500.
Steve Rhode and Damon Day expose the financial devastation of divorce—how debt gets weaponized, why divorce decrees don’t protect you from creditors, and…
Life doesn’t send warnings before knocking you down. Steve and Damon explain why your financial choices before disaster strikes matter more than anything…
Steve and Damon expose America’s $44 billion self-storage obsession. Damon shares how he finally closed his last unit after 20 years and what he found…
Steve and Damon challenge the ‘college is always worth it’ narrative with hard numbers. Only 64% of students complete their degree within 6 years. A high…
In this episode of the Get Out of Debt Guy Show, Steve Rhode and Damon Day discuss the truth about financial intimacy – when love gets awkward. Hello,…
Damon Day (solo episode) breaks down credit score improvement strategies that actually work, debunking common myths like “paying off collections always…
Quick Answer: For someone separated with unaffordable credit card debt, consulting a local bankruptcy attorney is recommended over simply defaulting on payments. Federal Reserve data shows bankruptcy filers recover better financially than those who just stop paying their debts.Question:Dear Steve,I have separated and have no assets except a 2006 Chevy SUV. I can afford my …
Steve Rhode tackles the most common question he gets: rent or buy? Using real 2022 data, he explains why buyers in markets like Austin need 6+ years to…
Quick Answer: Divorce financial ruin occurs when separation dramatically increases living costs and tax burdens, as seen with this 50-year-old earning $90K annually but unable to afford housing after paying $1,400 monthly spousal support. Changing tax filing status from joint to single will increase tax liability by approximately $6,000, requiring immediate payroll withholding adjustments.Question:Dear Steve,I …
Did this conversation help?
Thank you. I'm glad you reached out.
You took an important step today. Come back any time.
Think of this as me — just in AI form. I've walked in your shoes. I filed bankruptcy myself in 1990, and in over 30 years of experience I haven't seen a situation that can't be worked through or a person who deserves judgment. Everything here is built on that experience, that research, and genuine care for you. I can't be there in person. But I can be here.
Conversations are saved anonymously. Personal details are automatically removed before storage. This is an AI — not a financial advisor, attorney, or therapist.
Not sure where to start?
Been here before?
