So many podcasts, and so little time!
Choosing the right podcast can be overwhelming.
Everybody seems to have one these days, so it’s getting harder to find one that will add value to your life.
The personal finance podcast landscape is thriving, and for good reason.
Who wouldn’t want to get wiser with money as they do the laundry or trudge through their daily commute?
The ‘How To Money Podcast’ stands out as a dominant force in this scene at present.
Chances are, if finance intrigues you, you’ve stumbled upon it.
Curious if it’s worth your time?
In short, absolutely! But delve in for extra persuasion!
What is the ‘How To Money Podcast?’
Best friends Joel Larsgaard and Matt Altmix are the hosts of this awesome podcast.
They started it to provide folks with the knowledge and tools to thrive in personal finance.
They talk about debt payoff, DIY investing, and crucial money tricks to make your financial journey easier.
They’re passionate about giving objective, jargon-less advice that won’t intimidate novice money handlers.
Attaining life’s luxuries hinges on strategic financial management tailored to your lifestyle.
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As you venture into the world of podcasting, remember: the process isn’t as daunting as it seems.
The immense rewards await—your voice, your story, and your unique perspective can resonate far and wide.
Embrace the journey, and let your podcast shine!
What To Expect With ‘How To Money Podcast’
Joel and Matt know that personal finances can be daunting.
It’s their goal to make the subject more approachable.
It doesn’t have to be an intimidating thing that you want to put off until you’re in dire need of funds.
As early as now, you can get some positive momentum and create a long-lasting change in your financial standing.
If you’re a new listener, you’ll want to start familiarizing yourself with their “7 Money Gears.”
You might have an idea of where you stand in terms of your financial development; this can shed some light on the matter.
Before we continue, I suggest bookmarking ‘Podcasting On YouTube‘ for valuable beginner tips.
The 7 Money Gears
Now, dive into the mechanics of these ‘money gears.’ Joel and Matt are primed to steer you along this path, should you opt for their guidance.
Money Gear #1: Put away $2,467 for your emergency fund.
What’s the secret behind this exact figure, you wonder?
Economists generally agree that that is the figure to target when you’re looking to improve your backup funds.
Even I can’t overstate the value of having an emergency fund. You need to have something to turn to when times get dire.
Joel and Matt are going to teach you some easy money-saving tips so you can get started on yours today.
Money Gear #2: Take advantage of the company match in your 401k.
Many employers provide a matching contribution to their workers’ retirement funds.
It’s a good incentive that can hasten the process of saving money for the future.
Some employers will match 50% of your contributions, while others will match every dollar up to a certain limit. You should take full advantage of that.
Money Gear #3: Get rid of debt.
Being deeply in debt guarantees that you won’t improve your own finances.
You are using today’s income to cover purchases made in the past.
While there are some things that are worth going into debt for, most Americans don’t know how to handle credit.
Joel and Matt talk about developing better habits with a credit card and why moving to a card with 0% is the way to go.
Money Gear #4: Strengthen your emergency fund.
A reasonable sum of $2,467 can help you get through many potential monetary emergencies.
But once you get to this point, you’ll want to push your savings to the limit and accumulate 3-6 months’ worth of expenditures.
This gives you more options and the financial independence that we all covet.
I’m sure you’re dreaming about a shining financial future, too.
They talk about staying away from larger bank accounts like Wells Fargo.
You’ll want to look for a bank that doesn’t charge unreasonable fees and offers a respectable interest rate.
They like Discover, Ally, and CIT.
Money Gear #5: Go for a retirement account that’s exempt from taxes.
Having a savings buffer and eliminating high-interest debt is more crucial to one’s financial security than investing.
Once you’ve conquered those, though, you may turn your attention to investing your earnings.
Joel and Matt talk about the importance of tax breaks for retirement funds. They have an episode about the Roth IRA and HSAs.
These are often overlooked, but they make a good argument for why they shouldn’t fly past your radar.
Money Gear #6: Prioritize your lower-interest debt.
You’ve probably paid off the heaviest of your loans by now.
You’re successfully investing a sizeable portion of your disposable income and have some cash on hand.
It’s time to put your attention on your other monetary obligations.
Cough, cough, I’m talking about stuff like your student loans.
If you can pay off some of your minor debts, you’ll have fewer monthly payments and less stress in your life.
Money Gear #7: Pursue loftier goals.
You’re in 5th gear now!
You can save as much as possible for retirement, or you can start making substantial donations to charities.
This is your time to contribute to your community or give your kids a headstart on their higher education.
Maybe you want to start a business and make more money or go on luxurious vacations. At this point, you’ve earned it!
Maybe you’ll even get to retire early. That’s the dream, isn’t it?
[Here is a video clip that will edducate you how to empower kids with money skills!
Join us to teach financial literacy in a fun, educational video.]
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Why You Should Listen To ‘How To Money’
Of all the finance podcasts out there, why should you listen to this one?
I understand that choosing podcasts is a matter of taste, but here are some compelling reasons why Joel and Matt need to be in your ears.
You’ll Learn Important Terms.
Having a big language barrier in the area of personal finance is not uncommon.
Should you go for a fixed, adjustable, or interest-only mortgage or an FHA?
Should you take the standard deduction or itemize your taxes?
When you hear Joel and Matt talk about these things, you’ll get familiar with the terms that get thrown around in finance.
It doesn’t matter if you don’t know any of the jargon.
They assume that their listeners are starting at square one.
You’ll Gain More Interest In Personal Finance.
The easily digestible and (often) engaging format of podcasts should stimulate greater consideration of your financial situation.
Joel and Matt talk about money in a fun way.
They share personal, relevant, and helpful stories, joke around, and invite compelling guests.
Those who take a passive stance toward their finances, or worse, try to avoid dealing with them, will benefit from this podcast.
It’s like listening in on your friends who know a lot about finance. You’re going to pick up a thing or two.
You Might Get The Push That You Need.
You are more likely to save money if you have a firm grasp of basic financial principles.
As much as you enjoy spending money, you should also take pleasure in putting that money to good use.
Most people have no idea how much they should put away each month to cover unexpected expenses, buy a house, or support their retirement.
The more you listen to ‘How To Money Podcast,’ the likelier you are to grasp essential financial concepts.
And the more you navigate the financial world, the more motivation you’ll get to accomplish your goals.
This is like wanting to lose weight.
The more you learn about the science behind workouts and diets, the more motivated you’ll be.
You’ll Learn How To Avoid Bad Debt.
Joel and Matt talk about debt A LOT.
Having student loan debt is the norm these days.
They talk about how the accumulation of debt can be disastrous if you aren’t mindful.
When they first get a credit card, most young people spend more than they can afford.
It could take them years to pay off that debt if they don’t know what they’re doing.
This podcast will convince you to avoid consumer debt like the plague.
It will end up being an integral part of your new money mindset.
They Debunk Myths Surrounding Loans.
You can gain a comprehensive understanding of loans, credit, and credit scores by listening to this podcast.
Joel and Matt dispel common misunderstandings about personal loans that first-time borrowers may hold.
You can use this information to determine if you should even apply for one.
It Destigmatizes Personal Finance.
The need to be vulnerable while discussing money is a major factor in why many normal folks avoid having such conversations.
Listening to ‘How To Money Podcast’ is like having friends who are knowledgeable about money. You don’t have to be vulnerable, but Joel and Matt are willing to be.
It’s not uncommon for people to feel shame when they have to talk about their financial situation.
Most of us choose to associate with others who share their economic status.
Maybe you don’t have financial mentors or friends who are willing to discuss these things with you.
‘How To Money Podcast’ is the next best thing. The hosts swap tips and discuss that week’s financial news.
You can participate.
Joel and Matt take listener questions and give awesome advice without being condescending like some other money podcasts.
There is always something to pick up, whether you’re a young person, a part of a couple, a parent, an older person, or a financial pro.
There is a small community around ‘How To Money Podcast,’ and you can be a part of it!
Answering listener questions proves that Joel and Matt are taking a friendlier approach than others.
As we are at the end, here are some great related articles worth exploring:
The ‘How To Money Podcast’ teaches its listeners the kind of stuff we should have learned in school!
There’s no reason to be embarrassed about where you are in your financial life.
Everyone is welcome to listen to this valuable podcast.
It’s currently got 630 episodes in the bank, so now’s the time to get started.
The rich life that you want is attainable, and now you have friends to show you how to get it.