One of the biggest concerns when it comes to planning for the future is running out of money. Financial independence is a goal for many, but getting there is tough. Especially, if you’re a beginner and you don’t know where to start. You can educate yourself with the basics of financial literacy, but if your goal is to ‘retire early’, here are 10 Podcasts for you to start.
What is FIRE?
Financial Independence Retire Early (FIRE) is the concept of saving early and living frugally, so you can retire early. By saving 50% – 70% of your income, it allows you to retire early in your 30’s or 40’s. Its core values let anyone (including you) succeed is keeping expenses low and savings high.
SO Money is known for its candid approach in conversating about money. Farnoosh Torabi invites a variety of influential business minds to discuss how they manage their own finances. Her podcast is best in breed and often features successful women from around the globe. The podcasts runs about 3x a week with relatively short episodes.
The Dave Ramsey show is most popular for introducing his “baby steps” formula. It’s heavily influenced by the snowball method and encourages tackling debt. This doesn’t include a few kinds, such as home mortgages. He highly emphasizes a conservative investing strategy. What sets Dave Ramsey apart is how he approaches his audience on an emotional and spiritual level. He goes beyond the mathematical formulas and statistics that many financial podcasts use.
This podcast uses interviews to pick the brains of some of the best FIRE movement individuals. Brandon (the Mad Fientist) doesn’t hesitate to get into the gritty details of financial independence. He opens up to his listeners and shares his own struggles from retiring at the age of 34. His advice can be used to take action immediately or be kept in mind for the future.
The College Investor Audio Show
The College Investor is a podcast with a series of short episodes. They cover a wide spread of topics tailored to millennial money. Tune into their short and sweet 10 minute episodes. Here they’ll discuss topics from student loan debt, affording tuition, side hustles, and working part time gigs in the post college world.
Founded from two brothers, the Motley Fool has garnered national acclaim. While they cover financial independence retire early principles, they also offer investment recommendations, stock research, and portfolio analysis. They also cover personal topics like handling your Social Security, Medicare and other aspects of your financial life.
Patrik Shyu is a successful serial entrepreneur and youtube personality that lives in Silicon Valley. While he doesn’t host a podcast, his Youtube channel caters to young individuals that aim to reach millionaire status. Like most other financial independence gurus he advocates keeping spending low, pushing for higher savings, and supplementing income with side hustles.
Starting off as an 18-year-old real estate agent, Graham quickly evolved to a successful agent with over $120,000,000 in residential real estate sales. His Youtube channel shares “I’ve created this channel to share my successes, failures, and experiences in the real estate industry and to support others who are thinking of getting into the business”. Despite his background, Graham shares many tips and secrets for those who aim to become wealthy with a low-cost, down to earth lifestyle.
“The Blueprint to Financial Independence” is an online community that helps others pursuing Financial Independence. They host Jonathon Mendonsa and Brad Barrett as they share various tactics they’ve incorporated to achieve early retirement.
Every Monday, Wednesday and Friday Joe hosts his podcast that inspires Americans from across the country. He offers financial headlines, invites creatives, personal finance experts, and individual stories from people who have achieved FIRE.
Originally a blog, Mr. Money Mustache was one of the fore-runners of the FIRE movement. He was a trailblazer that used himself as one of the earliest examples of saving over 50% of his income. He emphasizes getting accustomed to living off of a minimalist lifestyle. Peter Adney retired from his job as a software engineer at the age of 30, only financially using a small portion of his portfolio. His blog is featured on Market Watch, CBS News, and the New Yorker.
We hoped you enjoyed this list! FIRE is a simple concept that revolves around saving more than average, and keeping daily expenses low. Its allure is the freedom that comes from early retirement. Anyone can achieve this goal with the right mindset.