Most people learn about financial literacy in schools. However, you can only learn about finances extensively when studying a business-related course in college. Despite financial education being in the school curriculum, very few teachers are keen to teach their students about financial skills. According to CNBC, most teachers feel teaching financial education is the parent’s responsibility. So, whose duty is it to teach financial literacy? Truthfully, it is the individual’s responsibility. You do not need to wait for a parent or school to educate you. Instead, you can educate yourself by watching some personal finance podcasts. If you wonder which podcasts to listen to, here are 10 personal finance podcasts to get you started.
10. So Money by Farnoosh Torabi
So Money tackles money topics with guests from all walks of life. Let’s face it; most people find it hard to listen to financial advice from a president’s child, for instance. Instead, they would rather listen to advice from a person who worked hard to get out of poverty. Fortunately, Farnoosh mostly hosts people from underrepresented groups to share their financial stories.
9. Meaningful Money Podcast by Pete Matthew
Financial knowledge is important in every sphere of life, but why are most people reluctant to learn about finance? According to Your Story, people find financial concepts complicated hence choose not to learn about finances. In this podcast, Pete discusses financial concepts in simple, everyday language. Before he describes a concept, he also defines it first.
8. Money for the Rest of Us by J. David Stein
People worry about money for many reasons. For instance, people choose not to spend any money so that they do not exhaust their savings. However, this is impossible since you will always need to spend money. You only need to invest and use the profits on expenditures. This podcast will teach you how to invest money and how investing works. Also, the podcast will teach you how to overcome your fear of losing money due to spending or a bad investment.
7. Afford Anything by Paula Pant
Financial prioritization is difficult for most of us. When you first earned your salary, you were probably wondering what portion of it would go to food, electricity, emergency funds, and so on. Fortunately, this podcast will help you distinguish between important and non-important things if you are currently finding it hard to prioritize your finances.
6. Her Money by Jean Chatzky
In general, women spend more money than men. According to Forbes, women spend more on inexpensive items like clothes while men spend their money on expensive items like cars. Due to this study, you may erroneously conclude that women do not need any financial advice. However, women still need financial advice despite spending less than men. After all, some women spend just as much as men, and they could benefit from a podcast like this.
5. ChooseFi by Jonathan and Brad
Many people hope to achieve financial independence but are unable to for various reasons. One way people achieve that is through a job. Without financial independence, you will begin to depend on loans or other people for money. In the long run, you will end up with debts. So, if you are ready to learn how to be financially independent, this is the podcast for you.
4. The Money Guy Show by Brian Preston and Bo Hanson
Making smart decisions is necessary when purchasing an item. Without being financially smart, you will wind up buying an item that is too expensive or of poor quality. So, how would you know whether this is the right item to buy? This question will be answered once you listen to this podcast. The two hosts specialize in handling practical personal finance topics.
3. The Clark Howard Podcast by Clark Howard
The only person who should manage your money is you. Clark explains in his podcast how you can take control of your finances by providing hot deals, money-saving tips, consumer advice, and economic news. Besides teaching you how to manage your money, he also helps listeners identify instances when unscrupulous dealers may shortchange them.
2. Millennial Investment Podcast by Robert Leonard and Clay Finck
Most people do not teach young people how to invest or save money. Fortunately, this podcast targets youths who intend to invest in some way. The hosts invite experts, top investors, and entrepreneurs to guide millennial investors. Through this podcast, millennials also learn of trendy long-term investment options such as options trading, real estate investing, stock market investing, etc.
1. Women and Money by Suze Orman
Even though the podcast is geared towards women, Suze still encourages men to listen to her podcast. Her podcast challenges listeners who use money to fix some problems. Most people hate addressing the root cause of an issue and instead throw money at it. It may temporarily solve the problem, but the issue will still remain unsolved. In this podcast, you will learn not to see money as an end goal but instead as a means to live a meaningful life. People act extremely anxious when they cannot access money. As a result, they do what they can to obtain the money due to their impatience. So, you can therefore live a good life with money and just enough of it.
There is no reason you cannot educate yourself on financial matters in this digital age. After all, nearly everyone owns a smartphone. However, we understand how distracting it is. The smartphone has games and social media, and millennials would rather use it for entertainment than learn financial literacy skills. A reason that should motivate you to watch these podcasts is the amount of money you save. For instance, how much does a college class on finance costs? On average, you would need about $50, 000. Luckily, you will only need to pay for your internet or a few cents for some podcasts. Besides saving money, you will also enjoy the presentations. Let’s face it, learning finance from a class tends to be boring. Many teachers have monotone voices. On the other hand, most podcasters are entertainers and hence know how to convey information in an interesting way.