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I can’t say I am a huge podcast addict, but I do listen to a few whenever something interesting comes up in the podcast episode description. Lately, I have been listening to a few finance-related ones, in order to get more bang for my buck, and expand my empire.
But which ones are going to help you become obscenely wealthy, and which ones will have you begging for scraps at street corners? Mark Moneybags is back. Hold onto your wallets and hang on tight.
My best friend swears by this guy, so I decided to listen to him a bit and see if he was very good. After all, 8 million weekly visitors, on more than 500 radio stations, can’t be wrong. Plus he is the author of 17 books. So he is quite prolific in his output.
However, he is constantly criticised for telling people in debt to follow the debt snowball method. This is where you pay the smallest debt off first, instead of focusing on the largest debt with the largest interest rate. You can read more about why he is criticised, over at Wikipedia.
However, having read a couple of his books, I can say he does have some good ideas, which are worth reading. And in his podcasts, he sounds friendly, with some good approaches to busting debt. And if you’re annoying people, you must be doing something right.
Clark Howard is another guy who I have enjoyed listening to. Not only does he do a podcast, but he also does a live stream from his website every day from 1.00pm-3.00pm Eastern, weekdays. He is nationally-syndicated, which means his show pops up everywhere.
Clark covers a wide range of topics, including car loans, insurance, wedding costs, e-commerce, payroll, scams to be aware of, Obamacare, student loans…..the list just goes on and on. All episodes are downloadable as MP3’s from his website for offline listening, and for keeping if you decide he covered something really useful.
He also has his own iOS and Android app, if you feel like listening to some sound financial advice, while on the move.
Who hasn’t heard of the Motley Fool? It’s been around since 1993, and has been twice-named the “Best Medium-Sized Company To Work For in the US” for both 2014 and 2015. So, as you can imagine, their podcast has a good reputation behind it.
The show airs every week on various radio stations in various US cities. On the show, are analysts discussing business, investments, and the stocks you should be keeping an eye on. They also look at the earnings for different companies and what it means overall.
Recent subjects include Google and Apple (who will triumph over the other), whether you should invest in cybersecurity stocks, investing in China, and investing in online dating. All in all, a mixed bag.
Money Girl is the alter-ego of Laura Adams, on the Quick and Dirty Tips network. She covers personal finance, real estate, and investing. She seemingly has lots of very loyal fans, and her show has been downloaded more than 40 million times, since she took over in 2008. In fact she is so popular that she is number two in the financial podcast section on iTunes – only pipped to the top slot by Dave Ramsey.
This one is a bit different in that, instead of putting all your spare cash in your bank account for a rainy day, “Epic Real Estate Investing” shows you how to invest in real estate, make a good profit doing so, so the idea of retiring early becomes a real possibility.
The podcast currently has 164 episodes, and enjoys a full 5 star rating, with 493 glowing reviews.
This would obviously not be something for people in serious debt to consider doing. But if you had some cash stashed away, and you wanted to invest to make a bigger return on your money, why not real estate? Donald Trump says it’s the way to go, and he claims to be worth a squillion dollars.
Smart Passive Income is run by Pat Flynn, and he shows you how to create “passive income”. This is where you create a product once, and this product keeps making you money over and over, required little to zero effort on your part. So if you published an eBook, that eBook could keep on selling, and if you automated everything, you would have to do very little. That is a passive income business.
In the podcast, he reveals all of his income sources, marketing tips, as well as business and blogging strategies.
With these kinds of things, I would be naturally wary of anyone who claims to earn as much as he does. But if you take what he says with a pinch of salt, I’ve found him to be quite interesting.
I’ve always loved the American money with the Presidents on it. Over here in the EU, we have bridges on our banknotes, believe it or not! This podcast shows you how to make lots of Mr Franklins, which is the American dream, isn’t it?
Stacking Benjamins describes itself as “the lighter side of personal finance”, and claims to be broadcast in the basement of Joe’s mom’s house (Joe being one of Stacking Benjamins’ hosts). They even get Doug, the neighbor, into the show because, “he’s the real star”.
Stacking Benjamins is more of a laid back, less stuffy kind of podcast. It would be suitable for readers of MakeUseOf’s Finance section – those who like to read finance-related articles, but don’t like to have the NYSE stuffed up their Nikkei.
175 episodes of Consumerism Commentary has seen subjects such as debt, budgeting, investing, and consumer issues tackled. Things such as when the woman earns more than the man in a relationship, what it means to be a millionaire, and they interview many authors of new finance-related books.
The episodes are infrequent, but when an episode is done, they are well worth listening to.
Everybody needs extra income, especially in these lean times, so this last podcast is definitely one you should listen to, if you want a few extra Benjamins in your pocket every month.
Part-Time Money, hosted by Philip Taylor, talks about how you can make extra money from operating a side business. Episodes are only 20 minutes each, and as well as showing you money-making methods, they also showcase successful people who started side businesses, and made an absolute mint doing so. They also teach you skills, so you have a higher chance of success with your side gig.
There are countless finance podcasts out there, all of varying quality and credibility. But since every man and his dog with a microphone and an Internet connection can start a podcast, you should treat all information you hear with a little bit of caution. Check everything, then check it again, then again. And never invest any money unless you absolutely know what you are doing.
Which finance podcasts do you listen to, in order to increase your wealth? Or are all these podcasts total scams? We await your opinions.