5 Best Personal Finance Podcasts

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The issue of personal finance may sometimes be difficult to understand, which is especially true if you are still getting the hang of how to properly handle your financial matters. Making your first budget, developing a strategy to get out of debt, saving for retirement, or purchasing a house may all be made simpler if you have access to an expert you can turn to for help and direction.

Although a financial planner may assist with all of those things, there is an expense associated with using their services. What exactly is a financial podcast, anyway?

A podcast focuses on personal finance themes to help consumers make better financial choices, such as investing money or paying off debt. A podcast is an online talk show that is similar to radio and can be accessed over the internet.

Because so many people are interested in gaining financial knowledge, the subject of managing one’s finances is seen as “evergreen” for podcasts. As a result, there is a wide variety of content pertaining to finances that can be found on podcasts.

These podcasts are available for download via a variety of internet services, including the Apple Podcasts app and iTunes, amongst others.

Which Varieties of Financial Podcasts Are There to Choose From?

The topic of discussion on finance podcasts is always some aspect of money management, however, the specific foci of individual podcasts within this area might vary greatly.

Some of them explain how to get out of debt, how to invest, how to increase your total earning potential, and how to get familiar with money if you are young or just starting out in the world of consumer finance.

The remaining ones are generalist shows that devote each episode to covering a specific subject. The format of a podcast may vary widely but often falls into one of many categories.

Among these are podcasts with a narrative format in which the host teaches listeners, podcasts with a guest-focused format in which the host speaks to a different guest each week who shares their experience or expertise related to the topic of the week, and podcasts with a combination of both of these formats.

Five Best Podcasts on Finance

An excellent podcast on finance is one that knows its audience and caters to the needs of that demographic.

The greatest finance podcasts feature high-quality production, include insights from numerous experts rather than just one presenter, and give significant, meaningful information in each episode that assists listeners in gaining a better understanding of their own personal financial situations.

It is easier and less expensive to have access to specialized information through listening to podcasts, which are becoming more popular.

You can become clear on your money objectives and establish a strategy for attaining them with the assistance of finance podcasts, and you can do all of this from the convenience of your own home, your vehicle, or even the treadmill at the gym.

Because there are tens of thousands, if not hundreds of thousands, of podcasts available, you may be asking which ones are the finest.

So Money

“So Money,” a podcast that is hosted by personal finance expert Farnoosh Torabi, has been recognized as the best podcast hosted by a woman by Entrepreneur magazine. Additionally, “So Money” was the recipient of the Plutus Foundation’s award for the best financial podcast in 2016, making it the clear winner in this category.

Torabi discusses all of the fundamentals of sound financial management during her weekly interviews with influential businesspeople, authors of books on personal finance, and other thought leaders in the field.

You may get knowledge on a wide range of topics, such as how to pay off credit cards, handle money as a pair, start a company, expand it, and everything in between. It is an in-depth analysis of the topic of money, covering every aspect of the subject thoroughly.

The podcast features tales and examples that are derived from real-life experiences of Torabi and her guests, and the approach is laid-back yet frank at the same time.

Among all of the available financial podcasts, “So Money” stands out as an excellent option for millennials as well as anybody else who is in the beginning stages of their road toward financial independence.

Dave Ramsey Show

Radio personality and personal finance guru Dave Ramsey is most known for his “baby steps” method of handling one’s personal finances.

This method entails working one’s way through a predetermined series of stages in a predetermined sequence in order to reach financial stability and wellbeing. One of these processes is paying off debt using a strategy known as the snowball approach.

This is a notion that can be used for any form of debt you may have, including school loans, credit card debt, auto loans, personal loans, and mortgages, amongst others.

The podcast, much like the radio program “The Dave Ramsey Show,” provides plain and no-nonsense guidance on how to get out of debt in a methodical and expedient manner so that you may move on to other financial objectives, such as saving for retirement.

Ramsey can help you establish a workable strategy for getting ahead and chipping away at the amounts if you’ve been having trouble making momentum with paying off your debt or if you simply don’t know what to do first.

You will also find that the tales that Ramsey’s listeners tell about their journeys toward financial independence will inspire and drive you.

Smart Passive Income

Pat Flynn is a writer, an influencer, and perhaps most importantly, he is a seasoned businessman who is well-versed in the ins and outs of making money online. He knows the topic like the back of his hand.

Pat Flynn is now recognized as the foremost authority on generating passive income, having developed a profitable blogging empire in the process. His podcast series is released every other week, and each episode provides an insider’s perspective on how to create a company and make money online in order to escape the rat race for good.

You’ll learn all you need to know about how to make money as a blogger, how to create passive income via affiliate marketing, how to improve your email marketing game, and how to become a podcaster who makes money for themselves on the show “Smart Passive Income.”

Not only that, but you also get access to Flynn’s other areas of expertise. Gino Wickman, Kristen Bor, and Heather Osgood are three examples of online business leaders who have become influential in a wide variety of subfields and regularly join him on the show to share their best advice for maintaining mental health, developing a podcast advertising strategy, and making the leap into the world of entrepreneurship.

The Mad Fientist

The goal of the financial independence, retire early (FIRE) movement is to achieve financial independence as soon as possible, rather than waiting until the age that is often associated with retiring to do so.

The blog and podcast known as “Mad Fientist” devote a lot of attention to investigating and discussing this subject matter. The podcast takes the style of an interview to poke the brains of some of the most well-known forefathers of the FIRE movement.

These forefathers include Ramit Sethi, a star in the world of personal finance, Scott Young, a specialist in “ultra learning,” and Morgan Housel, a financial journalist. You will hear advice that can be put into action, but it will also be conceptual in nature.

The podcast encourages listeners to let go of their preconceived notions on how retirement and financial independence should look and when they should occur.

Naturally, discussions center on beginning to save and prepare for retirement as soon as possible, but they also include topics such as how to have a positive outlook while working toward your financial objectives.

If you are interested in finding out how to unleash your potential for earning money and improving your lifestyle, it is in your best interest to give this a listen.

The Fairer Cents

When it comes to finances, women often encounter a variety of obstacles that are distinct from those faced by males. For example, because of the gender pay gap, women earn much less than males.

It is possible for women to spend less time in the labor field as a result of caring for young children or elderly parents, which might have a negative impact on their lifelong earning and saving capacity.

When it comes to reaching financial parity, women from underrepresented groups often face even greater challenges. The podcast “The Fairer Cents” focuses on the sorts of concerns mentioned above in order to shed light on the ways in which such issues might impact the financial well-being of women.

Kara Perez and Tanja Hester, co-hosts of the podcast “Fairer Cents,” present a lot of thought-provoking conversations if you’re searching for a feminist perspective on finances that goes farther than the typical fare of money podcasts.

They are assisted in this endeavor by their professional guests, who consist of behavioral scientists and financial gurus who are able to talk about the financial problems that most significantly affect women.

Take Away

Podcasting programs such as Apple Podcasts and Google Podcasts, in addition to music streaming services like Spotify and Amazon Music, make it possible to listen to podcasts on personal financial topics.

These podcasts may cover topics ranging from fundamentals of personal finance to complex investing techniques, and they can be organized in a number of different ways. They could include questions from listeners, interviews with subject matter experts, or just some light banter between the hosts.

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