Best podcast for a young beginner in debt to learn money management?

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  • #125702 Reply
    Emily

      If you could only recommend one podcast series to someone who knows nothing about money and is in debt, which one would you recommend to help them learn how to make money work for them and get a handle on their spending and learn to save and be frugal?

      Not necessarily the FIRE life but just good money sense.

      it’s not for me it’s for a young person:) And I don’t think Dave Ramsey is an option for this person due to his religious and political views.

      #125703 Reply
      Trevis

        From every thing I’ve seen and heard over the years, if the person is debt, Dave Ramsey is the way to go.

        Once they have their debt under control (as in once the house is longer on fire)… leave Dave alone and come to choose FI and start with episode 100.

        No point in thinking about investing when spending is out of control and you have high interest debt dragging you backwards.

        #125704 Reply
        Becca

          1) Money for Couples
          2) Financial Feminist
          3) Journey to Launch
          4) Financial Self-Care
          5) Crush Your Money Goals
          6) The Sugar Daddy Podcast

          I listen to all 6

          #125705 Reply
          Negrita

            If in deep debt….DAVE RAMSEY.
            He was essential in revving me up to start in on a budget and start knowing where every penny was going.

            He helped me get out of debt and fast!! Once I got out of debt I started listening to The Money Guy and now follow their Financial Order of Operations.

            But Dave got me going. I still listen to his podcast every single day. (BUT I only listen to the ones he’s NOT in. Lol.)

            On top of Dave I listen to Ramit Sethi’s podcast weekly. His videos on how to work a paycheck are incredibly helpful.

            #125706 Reply
            Cheryl

              Dave Ramsey. I know he has some controversial views but he and his other hosts provide a good wake up call and first steps (the baby steps) that are do-able and a feeling of success early in the process.

              #125707 Reply
              Rise

                ChooseFI because they have guests from so many other podcasts. Brad says it’s the crowd-sourced podcast.

                I’ve been introduced to every other one I’ve liked through this show.

                #125708 Reply
                Endri

                  I would have said Dave Ramsey but he also causes so much damage, he is sneaky and his advisors of financial peace are paid for money managers that will eat away at your profits once out of debt.

                  Yes, he can be good to get you out of debt but once people are out of debt, it’s very hard for them not to follow the messiah, the disciple Dave Ramsey anymore.

                  And he will lead you astray after you get out of debt, you could lose so much money.

                  As someone mentioned, the guy is extremely stubborn and will never ever accept he can be wrong, and he doesn’t accept any of his employees to have a different view from him (I remember that guy George Kammel, once disagreed with Dave on the 4% rule and I am sure that caused the guy some huge trouble with Dave.

                  #125709 Reply
                  Erica

                    If you don’t get a handle on the psychology of money, none of the strategies will work.

                    So, I recommend Money for Couple’s with Ramit Sethi. Even if you are a singleton, it’s well worth the listen.

                    #125710 Reply
                    Elaine

                      need to change his/her spending behaviors. Cut/ throw out all the credit cards.

                      More importantly need to understand the concept of not spending more then you make.

                      #125711 Reply
                      Angelika

                        Why not FIRE? Sometimes it helps to have bigger goals. Getting out of debt might feel like a boring and self depriving goal for someone young.

                        It’s hard to know what motivates them without knowing this person.
                        Give them Simple Path to Wealth.

                        #125712 Reply
                        Sarah

                          The Ramsey Show for the basics of managing money and tackling debt.

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