Maybe you’re trying to pay off your student loans, or you’re interested in increasing your credit score. Or maybe you’re trying to become a money expert and live a debt-free life while running your own small business.
Whatever the case may be, one of the best ways to learn new ideas is to put on a money podcast and tune in at the gym, in the car, or when going for a stroll around the block.
But, with so many different podcasts these days, it can be a bit overwhelming to figure out where to start. With that in mind, we’ve listed the top money podcasts to consider.
12 Best Personal Finance Podcasts
- So Money
- The Motley Fool
- Planet Money
- Money for the Rest of Us
- Stacking Benjamins
- Financial Independence Podcast
- The Tim Ferriss Show
- Couple Money Podcast
- Optimal Finance Daily
- The Side Hustle Show
- Retirement Planners of America
1. So Money
The So Money podcast is a program hosted by best-selling author Farnoosh Torabi.
Farnoosh interviews today’s leading business and financial experts, having open conversations about them about money. She also tackles tough money questions from listeners.
2. The Motley Fool Podcasts
The Motley Fool is one of the leading sources for financial insights, and they have some great podcasts to browse.
- Motley Fool Money: It can be hard to sort through the noise in the financial world, with so much happening all the time. The Motley Fool Money podcast is a great program to turn to for investment strategist insights from hosts Chris Hill and a panel of Motley Fool analysts.
- Market Foolery: Market Foolery offers a daily breakdown of stocks and investing headlines.
- Industry Focus: The Motley Fool breaks down a different sector every day, providing expert insights on healthcare, technology, consumer goods, and energy, to name just a few examples.
- Motley Fool Answers: In Motley Fool Answers, listeners can submit questions to [email protected] and get advice on the podcast from hosts Alison Southwick and Robert Brokamp. This is a great program to consider if you have more questions than answers about finance.
- Rule Breaker Investing: In Rule Breaker Investing, Motley Fool co-founder David Gardner shares his thoughts on publicly traded companies and how to make money from them.
3. Planet Money
It’s okay to admit if you’re confused about how the economy works. Plenty of people are.
For advice, tune into NPR’s Planet Money podcast, a program devoted to explaining how the economy works and what drives it. With over 26,000 reviews, Planet Money is one of the world’s highest-rated podcasts.
Here’s a word to the wise for anyone who is thinking about entering into real estate: Do your research. Real estate is complicated, and it pays to know what you’re doing before starting out.
BiggerPockets is a leading source for real estate advice. There are hundreds of episodes to choose from, about topics such as house hacking, investing in multi-family properties, and much more.
There are even subsets of BiggerPockets podcasts, as follows:
- BiggerPockets Podcast: Join hosts Brandon Turner and David Greene in the BiggerPockets Podcast for real estate interviews with noteworthy investors who are dominating the market.
- BiggerPockets Business Podcast: The BiggerPockets Business Podcast, hosted by J and Carol Scott, centers around the question of what it takes to start, scale, and sell a business.
- BiggerPockets Money Podcast: In the BiggerPockets Money Podcast, hosts Mindy Jensen and Scott Trench explain how to master the financial element of real estate investing.
- Real Estate Rookie Podcast: If you’re new to real estate and unsure about how to proceed, the Real Estate Rookie Podcast is a great place to start. This podcast is hosted by Ashley Kehr and Tony Robinson.
5. Money for the Rest of Us
In Money for the Rest of Us, Bret Stein explains how to achieve financial independence by becoming a more informed and confident investor. You will learn about how money works and how to invest it. In addition, Stein emphasizes avoiding credit card debt to minimize stressing about money.
6. Stacking Benjamins
If you’re looking for a lighthearted entertaining financial podcast that’s also very informative, head over to the Stacking Benjamins podcast and give it a listen.
This show features numerous contributors — including Joe Saul-Sehy, Josh Bannerman, Paula Pant, and Len Penzo, among others. The show is designed to make learning about finance fun and enjoyable.
7. Financial Independence Podcast
Those who are interested in pursuing the financial independence, retire early (FIRE) strategy should check out the Financial Independence Podcast from the “Mad Fientist” Brandon Ganch, a computer programmer who became a financial expert.
This interesting podcast covers topics like real estate investing, early retirement, and internet business investing, among others.
8. The Tim Ferriss Show
Author Tim Ferriss is an early-stage technology investor and prolific author. He also hosts the Tim Ferriss Show, a podcast that was selected by the “Best of” Apple Podcasts for three years running.
This show zeros in on top performers and highlights their unique routines and tactics that they use to remain ultra-successful. This is great for people who want to improve performance and reach new heights.
9. Couple Money Podcast
Let’s face it: Managing money on your own is tough. Managing money as a couple can be downright impossible, without proper communication and mutual understanding.
10. Optimal Finance Daily
In Optimal Finance Daily, host Diania Merriam offers tips to improve your financial life. Episodes are short (10 minutes or less) and cover a variety of topics — like investing and budgeting. This is a great option for people who are new to the game and want to take hold of their finances.
11. The Side Hustle Show
One of the best ways to improve your financial situation is to make more money — plain and simple. Those who need a bit of direction should explore The Side Hustle Show, a business podcast dedicated to helping people with entrepreneurship.
Who knows? Become a regular listener and your side hustle could become a startup that goes public on Wall Street, and your face could be featured on the cover of Forbes. You never know.
12. Retirement Planners of America Radio Show (formerly Money Matters with Ken Moraif)
How to Get the Most Out of Personal Finance Podcasts
There’s a big difference between turning on a podcast and actually listening to it. Oftentimes, people will listen to podcasts and fail to absorb what the hosts are actually talking about because they’re too busy doing other things.
The unfortunate truth is that finance can be boring, and it takes active listening to get the most out of a program. In other words, you have to work at it.
Here are some tips for getting more out of your listening experience.
Make Listening a Habit
Make listening to a podcast a regular occurrence. Put it in on when you’re driving or doing chores around the house — or at the end of the day, when your tasks are complete, and you can devote your full attention to learning.
The more you invite financial learning into your life, the better you will get at managing money and growing your finances.
Why not use the pandemic as an excuse to develop some good habits that can help you achieve your long-term financial goals?
Question What You Hear
Just because someone is a financial planner doesn’t mean they’re right — especially when it comes to investing, which can be just about impossible to predict, even when equipped with the latest data and insights.
Question everything that you hear in a podcast and supplement each program with your own research. This is the only way to avoid getting swindled and to combat bad advice.
Keep in mind that financial podcasts are often run by persuasive people with strong personalities. So keep your nonsense filter on, and don’t be afraid to take your own action that counters what someone is saying if you can back up the decision.
Put Ideas into Motion
One of the problems with tuning into financial podcasts is that it can take time away from actually managing money. For example, suppose you are very busy with only half an hour to dedicate to finance daily.
It’s all too easy to listen to a podcast, go do something else, and not take action (like investing in the stock you hear about). Try to prevent that by following through on the advice you absorb, if it’s just taking one baby step at a time (like opening a brokerage account, or buying just one share of stock).
Frequently Asked Questions
What is the FIRE movement?
The financial independence, retire early (FIRE) movement is a strategy that encourages people to save and invest as much as possible so they can retire at a younger age and have a more fulfilling retirement.
It’s much different from the old model for retirement, which suggests you retire at the age of 65 and stop working forever. With the FIRE movement, the goal is to stop working because you have to and start working because you want to.
How can I start building an investment portfolio?
Starting an investment portfolio from scratch can be intimidating.
To begin, educate yourself by listening to financial planning podcasts about financial topics. You should also look into low-cost index funds, which can provide broad market exposure while minimizing risks — while helping you generate passive income.
Open an account through an online brokerage firm, link your bank account, and start buying funds from solid companies at affordable prices.
You can spend years speculating and tiptoeing around the market. But eventually, you need to make the leap and start investing sooner or later if you want to achieve financial independence in life.
Find a Podcast with Quality Financial Advice
The internet is loaded with financial advice — to the point where you almost don’t even need a financial advisor anymore to be successful.
There is an abundance of free information at your fingertips — you just need to know where to look.
The above-mentioned financial podcasts can give you a leg up on the market and help you take your first steps towards financial freedom.
Only one question remains: Which one will you listen to first?