Building wealth is a life-long journey, full of ups and downs. To reach the peak, you need the right set of tools beside you.
There are many ways to build wealth but I’ll be talking about the way through investing in this piece.
Investing is one of the ultimate paths to building wealth, and despite many falls to the trap, it’s a shallow mistake to consider it only as a matter of growing your wallet.
That’s true! To build wealth, you first need to reach financial independence. Yet to maintain what’s in your possession once you’re there, you first need to learn how to be wealthy before you become one.
Your journey must begin with knowing the basics, theories, the timeless facts of how macroeconomic conditions affect the markets. Yet, investing also continuously evolves and changes with the trends, news, innovation, and opportunities you have to be in sync.
Although books are fundamental to build a knowledge base, it’s not possible to keep up with the changes in the investment world solely through relying on textbooks. There is a need for a more dynamic and reliable source of information to keep you updated.
You may be thinking that Social Media is a great tool to keep up with these changes and provide the required set of info. Yet, there is too much noise in social media, and it’s almost impossible to stay in a silo of worthy ideas.
This is where podcasts step into our lives. As one of our age’s trending communication mediums, podcasts stand out with their accessibility and ease of production.
Also, there is less noise among the options as low-quality attempts fail quickly, and those with valuable content remain on the top ranks of your streaming services.
Enough with the promotion of podcasts as a medium and instead, I would like to focus on which podcasts I’ve personally benefited the most through my journey of building wealth through investing.
1. We Study Billionaires — The Investor’s Podcast Network
I won’t fall into the cliche of leaving my absolute favorite to the last place, as I am looking forward to telling you about this podcast.
Hosted by Preston Pysh and Stig Brodersen, We Study Billionaires is many investors’ most favorite investment podcast. The primary purpose of this podcast is to study and interview billionaires to guide you through developing your investment strategy. However, their commentary and insights put this podcast in an exceptional place.
I should inform you in advance that their investment style and the primary strategy their community follows is value investing.
If you prefer to focus on day trading and planning to use technical analysis as your primary valuation tool, you may benefit less from this podcast than an investor with a long term horizon, who values the fundamentals of a company the most.
So far, they have hosted more than 300 episodes with a weekly frequency and had numerous investment professionals on the show. At the end of most episodes, they also answer pre-recorded questions from the audience to enlighten commonly anticipated points.
You may find this podcast in any streaming service, but if you would like to know more about them before jumping into their delightful conversation, they have a great website full of valuable resources.
2. Bogleheads On Investing Podcast
The two-years-old podcast is hosted by Rick Ferri and supported by John C. Bogle Center for Financial Literacy since the beginning.
The founder and chief executive of The Vanguard Group, John Bogle, who is also remembered as the father of index funds, made significant contributions to the investing world.
This podcast now carries the torch with the same enthusiasm and valuable knowledge to educate the investors to make more informed decisions on their investments.
In each episode, it’s possible to come across investment advisors, hedge fund managers, index committee members, and many more finance professionals to bring you priceless insights. Actually, in its first episode, John Bogle himself was the guest to the podcasts.
As Bogle passed away only four months after this episode, at the age of 89, it may even be one of his last appearances on a public medium to share his wisdom.
There are around 25 episodes released to this day, and it’s possible to find a new episode once every month.
You may access the episodes, and the show notes in any streaming service or here from its bogleheads.org page.
3. Top Traders Unplugged
Unlike We Study Billionaires and Bogleheads On Investing Podcast, Top Traders Unplugged focuses more on the analytical side of investing.
This podcast brings to you engaging conversations with today’s top Quant legends, algorithmic traders, number of people who are flexible to change decisions, and execute with precision.
Hosted by Niels Kaastrup-Larsen, Top Traders Unplugged is full of success and failure stories from the top names in the trading industry.
I am more in favor of long-term investing and building wealth through the long path. However, if you’re looking for a more dynamic approach and excited by the algo-driven trading world, this podcast is what you’re looking for, and I couldn’t have kept it from you.
Through its 250 episodes, Top Traders Unplugged had many guests and topics since 2014, but if you don’t have time to listen to it all, I would recommend two series within the podcast.
One is The Systematic Investor Series, which has been going on since 2018, and the other one is the Global Macro Series, which has recently started as of July 2020.
You may access the episodes and the show notes from their website.
4. The Good Life — The Investor’s Podcast Network
Last but not least, another masterpiece from the investor’s podcast network is The Good Life.
This podcast is quite different than the rest as it doesn’t primarily cover investing in markets but rather investing yourself as a person and investing your precious time.
Towards building wealth, your journey should never be solely about growing your wallet.
Learning from the others’ failures and successes, knowing the value of the time family and friends, mastering your work-life balance are just some of the few contributions this show brings to you.
Murray brings you stories, sometimes directly from the first hand, to share the values, virtues, and practices that contribute to leading a meaningful, flourishing life as it’s in the show’s official description.
The Good Life, hosted by Sean Murray, is relatively new compared to rest as it started in December 2019. Yet, its 32 episodes past is no different than a treasure chest.
For further information on the podcast or to listen to the episodes, I’m leaving here the link to the podcast’s website.
Final Thoughts
The path to wealth is a bumpy road. As it’s inevitable to make some mistakes, learn from them, and try again in this journey, it’s vital to avoid some basic slips by learning from the others.
The podcast is a great medium to keep you company, whether while you’re going to work or coming back, or while you’re walking, exercising, showering.
Just listen:
1) We Study Billionaires to understand how Billionaires think, live, learn, and build their fortune.
2) Bogleheads On Investing Podcast to understand the financial instruments and educate yourself as an investor.
3) Top Traders Unplugged to take it the next level and learn more about algorithmic trading, quants, global macro conditions that are shaping the future of the markets.
4) The Good Life to learn how to live a better life by investing your time and into yourself and build your way up to sustainable wealth through time.
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This article is originally published on Medium.
