I am a podcast addict, there are over fifty different shows I am subscribed and listen to. I prefer podcasts over television as I like to do several things at once. For those of you not in the know I found out last week that I fractured my spine; two places in my sacrum and one in my coccyx and I have been at home trying to heal over the past week, podcasts and books have been the answer for me as sitting up hurts up lower back and these activities have allowed me to lie down. In this post I will share with you my four favourite finance podcasts.
The Dave Ramsey Show
“Live like no one else so you can live and give like no one else” – Dave Ramsey
Dave Ramsey is an American Finance writer, radio host and YouTube celebrity. He releases three podcasts a day.
It is a talk show format where people call in and ask Dave different questions online.
I mainly listen to Dave to relax before I go to bed, while walking and on my long bike rides because I like the rhythm and structure of the podcasts. I also like listening to his podcasts when I am lacking motivation to keep on track with my budget.
The podcasts regularly have a Debt Free Scream where different people come onto the show and discuss how they got out of debt, how long it took them, what lengths they went to in order to get out of debt. Dave’s snowball method that the people apply where they pay their debts smallest to largest as quickly as possible really works and it is really motivating to see just what people have achieved sometimes on very small incomes.
The show has also been conducting and collating the world’s largest study on millionaires over the past few years and regularly have a feature called the Millionaire Theme Hour where millionaires call in and answer some basic questions to overcome some of the perceptions around wealth in society. Most of the people that call in have not inherited their wealth, drive second hand cars and wear jeans from department stores.
The biggest lessons I learnt in 2017 and applied from Dave last year were:
- Paying off and closing down five of my credit cards in 2017 and leaving just one open that I do not carry around with me (in order to pay for my Uber rides as Uber will not allow me to link my debit card)
- Developing my zero based budget – I use an electronic envelope system where I divide up my income each fortnight into different accounts or categories [house expenses, beauty, bicycle, health, charity, holidays, gifts, food and fun]
- Dave’s kindness to charities continues to make me challenge myself to give more to those in need. I have boosted up my charitable giving now to $40 a fortnight with some fortnights where I give more. I came up with the idea of the $40 grocery challenge, #40grocerychallenge, to find the extra $20 in my budget each fortnight to give to charity.
- I also got really into his followers on Instagram. In 2018 I started my own Instagram account where I also regularly photo-journal my life and my journey towards saving for my first house deposit.
Website link: https://www.daveramsey.com/
Podcast link: https://www.daveramsey.com/show/home/?snid=show
Brad Barrett is an accountant by trade, entrepreneur, expert travel hacker and his co-host Jonathan Mendonsa is a pharmacist. Brad and Jonathan are regularly thinking outside of the box with different strategies to financially optimise your life. They share their tips and knowledge to make your life run more smoothly whether it is by reducing tax costs, acquiring free holidays or figuring out how to further reduce. Brad has another website that he runs, travelmiles101.com where he advises people on the best ways to use credit cards to get points and holidays.
Brad and Jonathan have really good banter together and release two shows a week that focus on living below your means, creating multiple income streams, straightforward investment strategies, tax optimisation tips as well as great interviews with people that have managed to reach financial independence. The best thing about this show for me is when the hosts interview different writers and bloggers, this has really helped me to expand out out the websites and sources I look to for information and people to follow for inspiration.
The hosts do a Friday Round up where they summarise the week and different things they have learnt from people they have interviewed or their day to day lives.
My favourite part of the interviews podcasts is at the end is at the end of each podcast where the hosts put their interviewees in the Hot Seat and ask them a series of short questions that always provide interesting answers.
- Tip: if you sign up to Brad and Jonathan’s mailing list they have a section of their website where they share different resources including lots of recipe ideas for cooking on a budget.
Website link: https://www.choosefi.com/
Podcast link: https://www.choosefi.com/category/podcast-episodes/
The Afford Anything Podcast
“You can afford anything but not everything” – Paula Pant
Paula Pant is an American real estate investor, blogger, writer, and podcaster. Her parents moved from Nepal to the States and she often talks about what she has learnt from their wisdom. On her show she interviews different Finance bloggers, writers and podcasts to collate together different tips and hints to help regular people achieve financial independence. The shows are very professionally produced where Paula has set questions for her interviewees, she provides a lovely summary at the start about her interview and also at the end.
Paula lives a different life and is unashamed about it, this is what I like about her the most. She hacked her rental expenses by living in share houses to save money. Paula and her partner purchased a tri-plex, a series of three townhouses joint together, as their first housing investment and continued to rent these out and house share with other people to save money and pay off their debt more quickly. They now have further expanded out their rental portfolio and regularly provide finance advice and tips to listeners. She recently wrote about how she has not been working for the past ten years and instead pursing a very different life of travel, writing, speaking and other creative outlets.
I love seeing women succeed and I love even more hearing about the journeys of women on my side of the world (Australia and New Zealand). Not that many Finance podcasters even consider people in the Southern Hemisphere and I was very excited when Paula recently interviewed Kiwi Entrepreneur, Natalie Sisson, about how she is travelling around the world and running her business.
Website link: https://affordanything.com/
Podcast link: http://podcast.affordanything.com/listen/
The Mad Fientist
Another American investor that has been interviewing different people that are living an alternate life beyond the one we are all told must exist. Most of the bloggers and individuals interviewed have retired in their 20s, 30s or 40s and share different insights into alternate lifestyles, investing and valuing the short life that we have by finding alternate ways of living. These podcasts are well produced and enjoyable to listen to.
Website link: https://www.madfientist.com/
Podcast link: https://www.madfientist.com/podcast/
Any recommendations for me?
As a side point I am quite addicted to a Finance blogger called Liz Willard Thames who writes on this site called the Frugalwoods and Afford Anything, ChooseFI and The Mad Fientist have interviewed her as a part of her new book release, if you want to get super inspired have a listen.
What other podcasts can you recommend to supercharge my financial journey, inspire me and keep me on track?
The Economiss is a single, female, millennial on a mission to buy her first home in Australia. A Kiwi by birth, she jumped over the ditch after she finished her tertiary qualifications in search of employment. The narratives quite often showing up online overshadowed her thoughts of buying a house alone changed in 2017 The Economiss started super charging her finances and saved over 30% of her after tax income towards her house deposit as well as cash flowing four overseas trips. In 2018 The Economiss decided to create a new narrative and share her journey saving 36% of her after tax income for a $60,000 house deposit by December 2018. Do you have some tips to share or want to be featured on the blog, please get in touch!