Podcasts on money: 6 personal finance podcasts millennials must listen to in order to learn about financial independence, investing and paying off debt.
Podcasts are a meaningful way to quickly learn about a new topic.
They provide listeners with multiple viewpoints and flexible ways to digest information.
Personally, I believe podcasts expand the mind and unlock the key to your learning style.
I spent a lot of time daydreaming while in school. Frankly, I was bored out of my mind most of the time. The classroom learning style never worked for me.
Fortunately, the rise of YouTube and podcasts helped me discover my learning style.
I began to realize how well I could remember specific information from podcasts or YouTube videos I listened to. I could visualize and remember what they said.
Finally, I found an effective, entertaining learning style…
So, after testing out marketing and blogging podcasts, I decided to try personal finance podcasts to gain more perspectives on financial independence and managing money.
Since I found so many fantastic, mind-expanding personal finance podcasts to listen to, I decided to share them.
In this post, I aim to show you 6 podcasts on money and personal finance for millennials to listen to.
Let’s dive right in.
Podcasts On Money And Personal Finance
What is a Podcast?
For those who are not familiar with podcasts, a podcast is an episodic series of spoken word that a listener can download onto a personal device.
Individuals with an iPhone can listen via the Apple Podcasts App. For Android users, Spotify and a number of different options are available. I typically use YouTube.
Best of all, most podcasts are free.
Typically, podcasters will earn revenue by affiliate marketing and advertising products they endorse to their audience.
Because of this model, similar to written form content, there are podcasts available on almost every topic you can think of.
Personal Finance Podcasts
I listen to a lot of podcasts.
Early on, I listened to ProBlogger and Gary Vaynerchuk to learn about marketing and blogging.
For entertainment, I sometimes listen to Joe Rogan. To be inspired, I listen to the Daily Quote.
For sports, since I’m a basketball fan, I listen to Colin Cowherd, Doug Gottileb, First Things First, and more.
But when it comes to finance, there are so many excellent podcasts.
In my humble opinion, these are the best personal finance podcasts for millennials to listen to:
Radical Personal Finance
One of the best personal finance podcasts I’ve listened to is Radical Personal Finance.
Radical Personal Finance is a podcast by Joshua Sheets about reaching financial independence in 10 years.
Joshua is skilled at presenting information in a simple, concise manner that is easy to understand.
In particular, his 163rd episode on savings rates blew my mind. The episode is called ‘The Impact of Your Savings Rate on Your Time to Financial Independence’.
In this episode, he simplifies the concept of savings rates and discusses why it’s so important.
Of course, the concept was based on several books, but he made the importance of savings rate so abundantly clear:
As he put it, savings rate is the easiest variable to control when it comes to reaching financial independence.
“If you have a savings rate of 50 percent, you need to work one year to take one year off. If you have a savings rate of 75 percent, you can work for one year and take 3 years off.”
I would highly recommend listening to this episode if you are trying to reach financial independence.
To listen to all episodes, visit Radical Personal Finance here.
Dave Ramsey
If your main goal is to pay down debt, Dave Ramsey is the best personal finance podcast.
Dave Ramsey’s financial philosophy begins with a very clear message: pay off debt first.
He even believes in paying off debt before saving, besides a small emergency fund. Plus, he absolutely despises credit cards.
Although I don’t entirely agree with his philosophy, for anyone without financial or investment experience, it’s a simple structure to follow. It’s more difficult to encourage someone to save and invest 15% of their income while paying off debt. If their financial situation is a complete mess with hundreds of thousands of dollars in debt, then paying off debt is the best option.
Anyways, the Dave Ramsey podcast is interesting because he provides financial advice to live guests that call in. Most of the guests are in extreme debt situations, so it’s certainly entertaining.
To listen to the Dave Ramsey Podcast, visit their website here.
Explore FI Canada
Explore FI Canada – A Podcast for Canadians, by Canadians.
This podcast is hosted by Money Mechanic, who also contributes to FI Garage below, and Chrissy from Eat Sleep Breathe FI.
For Canadians, it’s especially beneficial because they discuss geographical differences across the country.
Rather than learn about 401k’s that we can’t use, they discuss tax advantages of RRSP’s and TFSA’s.
To listen to the Explore FI podcast, visit their website here.
FI Garage
In short, FI Garage is about beer and personal finance.
They introduce new microbrews, and they discuss personal finance topics.
It’s just the kind of atmosphere I like for a podcast.
Frankly, if I ever did create a podcast, I would choose a more relaxed atmosphere style like this as well.
Anyways, if you listen to the FI Garage, you learn a lot because you will be listening to three friends with difference background experience. There’s The Mechanic, The Account, and The Economist, so there is a lot of insightful knowledge.
To listen to the FI Garage, visit their website here.
Mad Fientist
Mad Fientist by Brandon Ganch is an excellent podcast to listen to about financial independence.
Mainly, I enjoy this podcast because of some of the exceptional interviews. The Mad Fientist has interviewed some of the best financial independence experts in the game: Jacob Lund Fisker, Mr. Money Mustasche, Morgan Housel, Ramit Sethi, and many more.
Moreover, I can relate to Brandon’s views on money and his relentless pursuit of the FI number. In one of the episodes with Ramit Sethi, he talks about being so focused on the FI number before reaching early retirement that it prevented him from enjoying other aspects of life. It was a great reminder on the important of balance.
Check out the Mad Fientist podcast here.
Good Ideas
Good Ideas on YouTube is my go-to podcast to learn about cryptocurrency.
It features short clips from various podcasts about inflation, Bitcoin, Ethereum, and many other cryptocurrencies.
Most of the episodes are less than 15 minutes in length, so it’s perfect for quick breaks during the day.
Check out the Good Ideas podcast on YouTube here.
Podcasts On Money And Personal Finance – Concluding Thoughts
In conclusion, podcasts are a great way to learn. They can easily be listened to during downtime, and they provide different perspectives on subjects.
In my humble opinion, these are the best podcasts on money to get your money right.
Radical Personal Finance is an excellent personal finance podcast that will help you learn everything there is to know about achieving financial independence in a short amount of time.
Dave Ramsey’s personal finance podcast will instruct you on how to eliminate debt forever.
Explore FI Canada will help you maneuver Canadian accounts and get you up to speed on geographical differences across the county.
FI Garage combines a relaxing atmosphere with the same insightful knowledge from three different people with unique backgrounds.
The Mad Fientist features exceptional interviews on financial independence.
And Good Ideas will help you learn about the cryptocurrency world in short clips.
In addition, I have a few honourable mentions for other personal finance podcasts to check out: Money Diaries, Earn & Invest Podcast, Choose FI, and The Personal Finance Podcast.
To put it bluntly, I haven’t listened to these podcasts enough to complete a write-up on them. But based on what I have listened to, they are great options to learn more about managing your money and building wealth as well.
Ultimately, if you’re willing to give these personal finance podcasts a chance, there’s no way your personal finances won’t end up in a better place.
Related Articles On Personal Finance
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