At the beginning of this year, I promised myself I would further my financial education by listening to four financial podcasts a week. I also said I would create at least four posts a month. To meet my goals, I’m combining the two into a financial educational centered podcast review that I hope you and I can use as a tool in our quest for financial freedom.
Each week, I’ll listen to at least four podcasts from various authors that deal with topics covering personal finance, entrepreneurship, investment, retirement, and real estate. They’ll come from places like BiggerPockets.com, Doughroller.net, Radical Personal Finance, and Money For the Rest of Us, to name a few. If you have a personal finance, investing, real estate, or wealth building podcast you enjoy please leave me a note in the comment section and I’ll be sure to check it out. If you’re a podcast creator and want to be featured on this website, contact me at faithfuldividends at gmail dot com.
Each week I’ll provide a quick synopsis of the episodes I listened to and a link to the podcast. Without any more delay, here’s this week’s review:\
Synopsis: I’ll be honest, when this episode began I was very skeptical and standoffish with this idea, but by the end of the dialogue I came to agree on his points. It’s serious enough that I’m considering his recommendations for my own children. The creator of Radical Personal Finance, Joshua Sheats, opens the show telling the listener he is not saving money for his children’s college via a 529 Plan or any other means. His basic premise is that due to current political winds, the quality of State education, and the declining utility of college degrees, parents should think hard about what they do with their money and educating their kids.
Who should listen: If you have, or are thinking about having children, I recommend this episode for your financial planning consideration. You’ll learn how to take into account what you can do with your money and time to help your children grow now rather than waiting until they reach college age. Josh’s argument certainly won my conservative mindset over — listen with an open mind and you won’t be disappointed.
Synopsis: “The only winning move is not to play.” The creator of this podcast, J. David Stein, makes a very compelling argument as to why you should not trade in the market but rather look to allocate your portfolio and let it grow on its own. Over the last 20 years the markets and trading technology have changed and the individual investor’s ability to compete, or gain an edge, has been greatly reduced.
Who Should Listen: If you are caught up in the short term trading game and finding yourself on the losing end, take about 30 minutes to listen to Stein’s arguments against trading. It’s no secret to those seeking financial freedom that the odds are stacked against you and we do not have the expertise or in-depth knowledge to beat Wall Street insiders and the trading bots that are taking over the financial markets. Visit the link above to listen to his podcast and read a summary article on the topic.
Synopsis: This is one of the first episodes of BP I heard, and it is a great starting point if you’ve been thinking about getting into real estate investing. The interviewee gives a candid (and hilarious) account of how he used the knowledge found on Bigger Pockets’ Forum and worked his day job until it was time to become a full time real estate investor.
Who Should Listen: If you are interested in real estate investing and want to start walking on the road to financial freedom, stop what you’re doing and listen to this show. There are some terms you may be unfamiliar with but don’t let that scare you away: this guy’s story proves that a community of like-minded people can educate each other by working together online. Listen to this podcast and then check out the BP forum.
Synopsis: Host Rob Berger brings on the founder of CableAlternatives, John Brillhart, to discuss how and why people should “cut the cord” on cable service in order to save money. During the second half of the show the host talks through how he’s reacting to the current market volatility and gives a preview of his “hit by a truck” binder he’s created for his family should anything ever happen to him. The binder idea is a good one for anyone with a family who wants to ensure they have good instructions on how to handle the family finances when you’re gone from this Earth.
Who Should Listen: The Dough Roller podcast and blog is a great resource for personal finance education, and this episode will help you save money. There are many resources and experts out there that want to help you cut the cord on cable. Their goal is to divert your hard earned cash to a loftier goal other than sitting in front of the television. Listen to first half of this episode to get just one of many ideas on how you can cut everyday expenses. Listen to the second half of the episode to remind yourself that “this too shall pass” when it comes to market volatility. You can read the transcript here.
That’s it for Episode 1 of the Faithful Dividends Podcast Review. I appreciate any feedback or suggestions you have on improving this series, so drop me a note in the comment box below.