For many people, getting a handle on finances can be challenging. Sound advice from experts about budgeting, eliminating debt, and saving money can be hard to come by, especially if hiring a financial planner is not feasible for you.
Financial advisors often come with hefty fees. Couple this fact with the fact that everyone is busy, and you can see why it’s hard to obtain free or low-cost financial advice.
This is where podcasts come in. Millions of people are listening to podcasts during the workday, in the car, or at the gym. In 2019 alone, over 100 million Americans listened to podcasts, according to Edison Research. This post highlights some of the most popular personal finance podcasts.
1. Dave Ramsey
Quite possibly the most famous and straightforward financial expert, Dave Ramsey made a name for himself after introducing millions to his unique approach to personal finance. The foundation of Dave Ramsey’s philosophy lies in the “baby steps” approach. It guides people through debt reduction by paying off the largest debt first and then moving on to smaller debts.
Dave Ramsey’s podcast offers sound advice to those who write or call in. He injects each topic with humor and practical advice about eliminating debt fast. Ramsey also regularly promotes his financial management mobile apps as well as his debt reduction program, Financial Peace University.
2. Millennial Money
Catering to millennials, this personal finance podcast tells the story of a generation that is coming into its own. Hosted by certified financial planner Grant Sabatier, Millennial Money features interviews with financial experts. Sabatier also shares personal anecdotes about saving money and building credit.
Going into its fifth year, Millennial Money is broadcast twice a week. It focuses on making your money work for you—without working more hours. The Millennial Money podcast stresses balance and learning how to live a life you love with what you have.
3. Smart Passive Income
For those looking for ways to increase their income while saving more money and reducing debt, Smart Passive Income is a good choice. Hosted by entrepreneur Pat Flynn, Smart Passive Income is a weekly podcast.
It on building a side business that generates income with minimal time commitment. Flynn regularly invites other experienced entrepreneurs to share their insight for starting businesses, increasing net worth, and improving productivity.
4. Life Kit
Life Kit appeals to those who are looking for actionable tips that will help them successfully manage their finances. Part of the National Public Radio (NPR) podcast family, Life Kit is all about strategies to help you master your finances. In addition to financial topics, Life Kit also touches on facets of life that include health, fitness, and even parenting.
Hosted by NPR correspondent Chris Arnold, the Life Kit podcast episodes are usually 30 minutes or less. Episodes may focus on paying off debt, tips for choosing the right financial advisor, and practical budgeting strategies. Reviews from avid listeners indicate that they love the step-by-step instructions given by Arnold.
5. Stacking Benjamins
More than just a catchy title, Stacking Benjamins is a personal finance podcast. It earned the sought-after industry accolade The Best Business Podcast of 2017 by the Academy of Podcasters and Hall of Fame. Hosted by financial planner John Saul-Sehy, Stacking Benjamins is an informative yet entertaining podcast with a focus on choosing and managing investments, creating passive income, as well as wealth-building.
Sometimes, the host discusses popular financial topics in the news. Other times, he talks about practical topics of use to everyday people. Saul-Sehy frequently features guests on his show that have a unique financial story. These guests may give tips on topics including how to get out of debt or build your business.
Finding the Perfect Podcast
Podcasts are a great tool for those who are short on time. Many of the podcasts highlighted here are no longer than 30 minutes. Shorter podcasts are ideal for people who are on the go and these shows can easily be listened to during your commute or on your lunch break.
The great thing about podcasts is that you can get a lot of information in a short amount of time without having to open a book or make an appointment with a personal financial planner. Regardless of how much you earn, you are likely to find some helpful tips in these podcasts.
Any resource that can help you better manage your money is beneficial. There are hundreds of more podcasts out there if none of these speak to your specific needs.