If you’re like most people, you’ve probably wasted money at some point in your life or passed up an opportunity that could have paid off. Not many people are educated on much more than the basics of personal finance by the time they reach adulthood. If you’re playing “catch up” on learning how to manage your finances, you’re definitely not alone.
The good news? There are TONS of resources out there for educating yourself on topics like smart saving, spending, and investing. If one of your goals for 2021 is to improve the way you manage your money, here are some of the best YouTube channels and podcasts to teach you the principles of personal finances.
Why are Personal Finances Important?
The old saying “money isn’t everything” is so true, but we also have to acknowledge that it IS necessary for living a comfortable, safe, and healthy life. We need money to keep a roof over our heads, to put food on the table, and to enjoy our favorite hobbies. Plus, smart money management is key for making large purchases, like a house or car.
Personal finances are important because you will have a very hard time enjoying life if you’re always worried about making ends meet. Smart financial planning will help you manage your money so that you have enough for the things you want and many of the things you need.
Plus, many people underestimate the importance of investments. If you don’t save enough for your retirement during your younger, working years, for instance, you might not bring in enough money to pay for the lifestyle you’re used to.
If you’re not sure how to improve your financial situation and feel in control of your assets, check out the following YouTube channels and podcasts. Lots of them are run by normal people just like you who got really, REALLY interested in personal finance.
Fifteen Minute Wealth Advisor
Let’s face it. Most of us live super busy lives and we can’t always find time to listen to an hour-long podcast. That’s where the Fifteen Minute Wealth Advisor podcast from the Hightower Bellevue investment firm comes in.
This podcast delivers on its promise to bring you 15-minute segments on important topics like creating a will, navigating trading vs. investing, and even reaching the million-dollar mark. It’s a great way to build your personal financial knowledge in bite-sized chunks.
If you’re in the field of medicine, then you know that those student loans add up fast—really fast. The Financial Residency is geared toward doctors and their specific financial challenges.
Although this podcast, run by financial planner Ryan Inman, speaks specifically to doctors’ lives and finances, there’s also a lot of value in there for anyone who wants to learn more about personal finance. Inman speaks on all kinds of topics, including buying a home or investing in real estate, getting organized, and eliminating student debt.
This YouTube channel is the project of Sarah Wilson, AKA “Budget Girl.” From a young professional’s perspective, she walks people through taking control of their money and their lives.
Wilson’s personal story of paying off $33,000 of student loan debt in 3 years has motivated her to teach others about saving and making money in addition to paying off debt. Budget Girl is about empowerment and building the life of your dreams.
Radical Personal Finance
Radical Personal Finance is a podcast about creating financial freedom. A former financial advisor, Joshua Sheats has professional insights into what works and what doesn’t when it comes to tools, tactics, and techniques for reaching your financial goals.
Sheats encourages everyone to discover their own definition of financial freedom and develop a plan to reach that goal!
Your Money, Your Wealth
According to Joe Anderson and Al Clopine, the hosts of the Your Money, Your Wealth podcast, it’s “retirement planning, investing, and tax reduction made fun!” They’re passionate about providing solid financial advice in an approachable and even fun way.
If you’re intimidated about the idea of investing, this is a great place to start. These experts will teach you how to build a solid foundation and feel more confident in your personal finance decisions.
The Financial Diet
A wildly popular YouTube channel that “talks about personal finance in a way that doesn’t make you want to curl up in a ball and cry,” The Financial Diet is a great source of information no matter where you are in your personal finance journey.
This channel is great for tips on saving, smart spending, and living a better life without spending all your money to do it. Plus, The Financial Diet goes into some purely fun topics that make learning about finances fun.
There are so many resources and options out there for managing your finances and building wealth—go explore and find the shows YOU love!