As a young, broke individual, the last thing I wanted to do was look at my bank account, but I had to check it so frequently to make sure I actually had money to pay for food and rent. While I hope I’m the only one who’s gone through this, it’s sad to know I’m not. This is a problem inflicting the majority of the world, both young and old. While lack of resources and economic inequality are to blame, financial literacy is an area that most people simply don’t understand. The knowledge is out there to be had, but it’s an uncomfortable topic to both discuss and seek out. This wasn’t in the curriculum of our schools. Where do we even start?
We live in a digital age where information can be accessed in a matter of seconds. We walk around with small computers in our pockets with more memory than a desktop computer had just a decade ago. Experts produce content on topics in sweet, short articles so you don’t have to sift through textbooks or newspapers like they did in the Stone Age (pre-internet). Can you imagine? That’s not to say they don’t have great information, but we live in an era of instant gratification and have to find a way to engage younger audiences.
How about learning through listening? Podcasts are the answer to the problems that we don’t want to face. Ignoring your struggles will only make them gradually worse. Audio is effortless. You can listen in the car, in the gym, at your desk, washing dishes; anywhere you can put headphones on. There are people out there taking the time out of their day to produce content to help you succeed! FOR FREE!
If you’ve been living under a rock, podcasts are essentially radio like broadcasts that can be accessed from applications on your phone or through the Internet. As an iPhone user, Apple provides a podcast app as a permanent button on your phone. There are also applications like Stitcher, Spotify, and many others that allow podcast streaming. Instead of looking up junk (celebrity gossip, cat videos, sorry if you’re offended), plug into something to stimulate your mind.
While I started out only listening to podcasts on fantasy football, they never helped me win my leagues anyway. There is a podcast out there for everyone, especially if you want to better your life and take control of your finances, but who really has time to listen to all of them? Here are just some I recommend for catapulting your financial knowledge:
- So Money with Farnoosh Torabi
- CNBC Personality with a new show, Follow the Leader, where she takes you into the life of great business leaders.
- Daily Podcast of about 30-40 minutes.
- Interviews entrepreneurs, financial experts, other podcasters, anyone successful.
- She dubs it her daily dose of financial freedom. She asks great questions and if the person she’s talking to today doesn’t interest you, maybe someone else will tomorrow.
- When not interviewing guests, she answers questions from listeners, really putting a human aspect into the show to let you know you’re not alone in your quest for financial freedom.
- The M.O.N.E.Y. Show
- J. Money and Paula Pant recently tag-teamed this podcast that just started in January.
- They each built up a big audience in the financial blog space already and decided to take it to audio.
- J. Money runs Budgets Are Sexy and is all about building a steady nest egg and investing in retirement plans, safer index funds and of course budgeting.
- Paula is all about real estate with her blog, Afford Anything. Chick is a boss. She’s in her early 30’s and owns 7 properties! Oh, and she traveled the world for two years on a shoestring $20,000 budget before turning 27, then came back and decided she wasn’t going to work for anyone but herself.
- They are both on the quest for financial independence and want to educate you on getting there too!
- Money Girl’s Quick and Dirty Tips for a Richer Life
- Laura Adams is a personal finance expert based in Silicon Valley who provides awesome tips for anything related to your financial life.
- For all those with short attention spans *hand raised* Did I mention all her podcasts run between 15-20 minutes?
- She has nearly 500 episodes and has been doing this since 2008 so no lack of quick and easy financial tips to get you through the day.
- She’s always shouting out previous episodes if you need more information on a topic such as setting up a 401(k) or saving for a car.
- Did you notice the top 3 all involve influential women? That's no accident. These women are changing the game and empowering fellow women and men alike to take control of their money. Despite popular opinion, this is no longer an industry of talking heads in double breasted suits. Millennial women will have great influence for generations to come.
- Planet Money
- If you’re interested in hearing great stories (uh who isn’t?) this is the number one podcast related to business for NPR (National Public Radio).
- Do you want to know about why you now have a chip in your credit card? Why Puerto Rico won’t pay their massive $70 billion debt? How to start an off shore shell company? I just previewed 3 of the last 5 episodes.
- Episodes are short and sweet, rarely going over 20 minutes and run twice per week .
- Staying up on current events is important in the world of finance so entertaining stories make it that much easier to comprehend.
- Motley Fool Money
- Weekly podcast that discusses current events in the business world and what stocks are doing well and which ones aren’t.
- While it does require more expertise, beginners can pick up what the hosts are talking about fairly quickly.
- Motley Fool has a whole lineup of other podcasts that delve into specifics of investing, answering listener questions, industry focused niches such as tech, and disrupting industries to make a profit.
- The guys are entertaining and have a dry sense of humor so you don’t actually feel like you’re isolated with expert business analysts.
- Stacking Benjamins
- Joe Saul-Sehy is older and his target audience is more for people later in their careers with families, but the podcast is entertaining and relevant nonetheless.
- Him and his guests talk about current events, tease each other, and interview entrepreneurs and financial savvy professionals.
- This is another podcast to help you feel like you’re not alone on the quest for financial independence because their interaction with listeners is on point.
- Listen. Money. Matters.
- Andrew and Thomas are legit 20 something’s who do this podcast as a side hustle to their actual careers involving entrepreneurship.
- They’re craft beer nuts, which I can get with. The first thing they ask each other is, “What are you drinking?”
- Once a week, they cover anything related to your finances, taking listener mail and interviewing entrepreneurs and financial experts (you see the common theme in all of these?)
- Podcasts run a little long and they do kind of stray off topic, but still solid information.
- Money For the Rest of Us
- J. David Stein is a financial expert who really knows his stuff and does his best to make everyone understand what he’s talking about.
- What the podcast lacks in production quality, it makes up for with excellent content from a guy who's been in the business for a long time.
- While it’s more catered to Gen X’ers and Baby Boomers, millennials can find podcasts to help them with their financial decisions.
- Startup Podcast
- As an aspiring entrepreneur, this is THE podcast you have to listen to motivate you to do something, anything!
- Alex Bloomberg was no scrub prior to starting Gimlet Media. Dude worked for two of the most successful podcasts of all time: Planet Money and This American Life. This American Life made Serial. If you don’t know what Serial is, it made podcasts a thing in 2014 and is the quintessential podcast that producers are striving to emulate.
- He starts off in Season 1 with zero experience in the hopes of launching a podcast network, Brooklyn based Gimlet Media.
- He goes over financing it with investors and the day-to-day struggles and stress of growing a successful team.
- Season 3 just started and I am so freaking pumped!! His team takes you on a journey of the ups and downs of real life businesses trying to make it.
- Not to mention it’s really well produced and Gimlet Media has a nice lineup of other podcasts with great stories.
These are just some of the podcasts that I listen to. I wish I had the time to listen to more. There are so many great ones out there. The fact that these are free resources that anyone can access just magnifies how accessible the current digital age is. We just have to get past all the other junk that is consuming our time. Most of these podcasts have some aspects of entrepreneurship in them. Business owners love to share their success and market their expertise. They rely on guest appearances on these podcasts to gain exposure and potential future business.
I’d like to do a specific future post on podcasts catered toward entrepreneurs. Though Startup Podcast isn't necessarily personal finance based, the lessons are monumental. Some big ones I left out because I honestly haven’t had a chance to listen too many episodes are Pat Flynn’s Smart Passive Income, Entrepreneur on Fire with John Lee Dumas, The Tim Ferriss Show, Entreleadership with the godfather of conquering debt, Dave Ramsey and host, Ken Coleman, as well as Omar Zenhom’s $100 MBA Show, just to name a few essentials.
If you’re not ready to dive into all these business related podcasts, check out some for entertainment first. Some of the top podcasts on iTunes include Serial, This American Life, Radiolab, and Stuff You Should Know. All these podcasts tell amazing stories and feature that will give you some knowledge that you didn’t have already.
Podcasting is revolutionary and there are ones out there for any audience. Whether you’re interested in real estate, marketing, sport, music, or anything else that gives you inspiration, podcasts are the way to go!