The market’s tanking. Your retirement account just took a nosedive. And TikTok says a magic letter can make your debt vanish. Deep breath.

In this episode of The Get Out of Debt Guy Podcast, I’m joined by Damon Day to unpack how fear—not numbers—is the real danger when it comes to both investing and debt. We’ve seen it all: folks yanking their retirement funds at the worst moment, others clinging to internet myths hoping a certified letter will scare off a debt collector. Spoiler alert: it won’t.

Here’s what we get into:

• What stock market crashes teach us about emotional money decisions

• Why selling in a panic locks in your losses

• How dollar cost averaging works—and why it might save your sanity

• The truth about debt validation letters and charge-offs

• The emotional toll of chasing bad advice disguised as “debt tips”

Whether your 401(k) is in free fall or you’re wondering if that letter to a collector really worked, this episode brings real talk with no scare tactics. Just insight, a little humor, and a reminder: you’re not alone, and you’re not doomed.

👉 Listen now and visit GetOutOfDebt.org for tools, truth, and a free show guide.

This is the debt validation post we talked about: https://getoutofdebt.org/175121/you-are-wrong-if-you-think-your-debt-disappears-if-collectors-dont-respond-in-30-days