Are You Helping Your Kids—or Hurting Your Retirement? – The Money Choices That Cost Millions

<p>What if the everyday money decisions that feel completely normal are quietly costing you hundreds of thousands—or even millions—over your lifetime?</p><p>You can get Steve&#39;s free weekday money email at <a href="https://YourMoneyActually.com" target="_blank" rel="noopener noreferer">YourMoneyActually.com</a></p><p>Steve Rhode and Damon Day tackle the financial assumptions we rarely question: always having a car payment, buying more car than we need, co-signing for our kids, paying their expenses, and trying to make everything “fair” between siblings.</p><p>They dig into the staggering long-term opportunity cost of car payments, why keeping a reliable older vehicle can dramatically change your financial future, and how seemingly small spending decisions compound over decades.</p><p>Then things get personal.</p><p>When should parents help their adult children—and when does helping become financially destructive? Should you pay for a car? Cover gas? Co-sign a loan? What happens when one child constantly needs financial help while the others don&#39;t? And is treating your children fairly really the same thing as treating them equally?</p><p>Steve and Damon also explain why <strong>co-signing can be one of the most dangerous forms of financial help</strong> a parent can offer.</p><p>Along the way, there are stories about cars, teenagers, expensive tires, credit, retirement, motorcycles, and the financial lessons Steve and Damon learned raising their own kids.</p><p>The takeaway isn&#39;t that you should never spend money on your children or enjoy a nice car. It&#39;s that every dollar has more than one price: <strong>what you spend today and what that money could have become tomorrow.</strong></p><p>Before you automatically make the next car payment, co-sign the next loan, or reach for your wallet to rescue an adult child, this episode may give you a completely different way to think about the decision.</p><p><strong>Need help with your debt?</strong></p><p>Steve Rhode, The Get Out of Debt Guy:<br><a href="https://getoutofdebt.org/">https://GetOutOfDebt.org</a></p><p>Damon Day:<br><a href="https://damonday.com/">https://DamonDay.com</a></p><p>🎙️ <strong>Get Out of Debt Guy with Steve Rhode and Damon Day — no shame, no fear, just real help.</strong></p>