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Panic Is Expensive: How Fear Wrecks Your Finances and Fuels Bad Decisions
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…
The skinny
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