Decision Trees: A Simple Tool to Make Radically Better Decisions

Have you ever made a high-stakes decision? If yes, did you contemplate for some time before landing on the "right" decision — and even then, still felt unsure about the best course of action?

In cases like those, you might need a decision tree. It's more formal than a chat with a friend or a pros-and-cons list.

Here, we’ll show you how to create a decision tree and analyze risk versus reward. We’ll also look at a few examples so you can see how other marketers have used decision trees to become better decision makers.

Table of Contents

What is a decision tree?

Decision Tree Analysis

How to Create a Decision Tree

How to Create a Decision Tree in Excel

Decision Tree Examples

When it comes to marketing, decision-making can feel particularly risky. What is my colleague is so attached to a new product, she doesn’t want to mention any of its shortcomings? What if my marketing team doesn’t mind office growth, but they haven’t considered how it will affect our strategy long-term?

The visual element of a decision tree helps you include more potential actions and outcomes than you might’ve if you just talked about it, mitigating risks of unforeseen consequences.

Plus, the diagram allows you to include smaller details and create a step-by-step plan, so once you choose your path, it’s already laid out for you to follow.

A decision tree contains four elements: the root node, decision nodes, leaf nodes, and branches that connect them together.

• The root node is where the tree starts. It's the big issue or decision you are addressing.
• As the name suggests, the decision nodes represent a decision in your tree. They are possible avenues to "solve" your main problem.
• The lead nodes represent possible outcomes of a decision. For instance, if you're deciding where to eat for lunch, a potential decision node is eat a hamburger at McDonald's. A corresponding leaf node could be: Save money by spending less than $5.
• Branches are the arrows that connect each element in a decision tree. Follow the branches to understand the risks and rewards of each decision.

Now let's explore how to read and analyze the decisions in the tree.

Decision Tree Analysis [Example]

Let’s say you’re deciding where to advertise your new campaign:

1. On Facebook, using paid ads, or
2. On Instagram, using influencer sponsorships.

For the sake of simplicity, we’ll assume both options appeal to your ideal demographic and make sense for your brand.

Here’s a preliminary decision tree you’d draw for your advertising campaign:

As you can see, you want to put your ultimate objective at the top — in this case, Advertising Campaign is the decision you need to make.

Next, you’ll need to draw arrows (your branches) to each potential action you could take (your leaves).

For our example, you only have two initial actions to take: Facebook Paid Ads, or Instagram Sponsorships. However, your tree might include multiple alternative options depending on the objective.

Now, you’ll want to draw branches and leaves to compare costs. If this were the final step, the decision would be obvious: Instagram costs $10 less, so you’d likely choose that.

However, that isn't the final step. You need to figure out the odds for success versus failure. Depending on the complexity of your objective, you might examine existing data in the industry or from prior projects at your company, your team’s capabilities, budget, time-requirements, and predicted outcomes. You might also consider external circumstances that could affect success.

Evaluating Risk Versus Reward

In the Advertising Campaign example, there’s a 50% chance of success or failure for both Facebook and Instagram. If you succeed with Facebook, your ROI is around $1,000. If you fail, you risk losing $200.

Instagram, on the other hand, has an ROI of $900. If you fail, you risk losing $50.

To evaluate risk versus reward, you need to find out Expected Value for both avenues. Here’s how you’d figure out your Expected Value:

• Take your predicted success (50%) and multiply it by the potential amount of money earned ($1000 for Facebook). That’s 500.
• Then, take your predicted chance of failure (50%) and multiply it by the amount of money lost (-$200 for Facebook). That’s -100.
• Add those two numbers together. Using this formula, you’ll see Facebook’s Expected Value is 400, while Instagram’s Expected Value is 425.

With this predictive information, you should be able to make a better, more confident decision — in this case, it looks like Instagram is a better option. Even though Facebook has a higher ROI, Instagram has a higher Expected Value, and you risk losing less money.

How to Create a Decision Tree

You can create a decision tree using the following steps. Remember: once you complete your tree, you can begin analyzing each decision to find the best course of action. 

1. Define your main idea or question.

The first step is identifying your root node. This is the main issue, question, or idea you want to explore. Write your root node at the top of your flowchart.

2. Add potential decisions and outcomes.

Next, expand your tree by adding potential decisions. Connect these decisions to the root node with branches. From here, write the obvious and potential outcomes of each decision.

3. Expand until you hit end points.

Remember to flesh out each decision in your tree. Each decision should eventually hit an end point, ensuring all outcomes rise to the surface. In other words, there's no room for surprises.

4. Calculate risk and reward.

Now it's time to crunch the numbers.

The most effective decision trees incorporate quantitative data. This allows you to calculate the expected value of each decision. The most common data is monetary. 

5. Evaluate outcomes.

The last step is evaluating outcomes. In this step, you are determining which decision is most ideal based on the amount of risk you're willing to take. Remember, the highest-value decision may not be the best course of action. Why? Although it comes with a high reward, it may also bring a high level of risk.

It's up to you — and your team — to determine the best outcome based on your budget, timeline, and other factors.

While the Advertising Campaign example had qualitative numbers to use as indicators of risk versus reward, your decision tree might be more subjective.

For instance, perhaps you’re deciding whether your small startup should merge with a bigger company. In this case, there could be math involved, but your decision tree might also include more quantitative questions, like: Does this company represent our brand values? Yes/No. Do our customers benefit from the merge? Yes/No.

To clarify this point, let’s take a look at some diverse decision tree examples.

Decision Tree Examples

The following example is from SmartDraw, a free flowchart maker:

Example One: Project Development

Here’s another example from Become a Certified Project Manager blog:

Example 2: Office Growth

Here’s an example from Statistics How To:

Example 3: Develop a New Product

To see more examples or use software to build your own decision tree, check out some of these resources:

• IBM SPSS Decision Trees
• LucidChart Decision Tree Software
• Zingtree Interactive Decision Tree Template

Back to You

Remember, one of the best perks of a decision tree is its flexibility. By visualizing different paths you might take, you might find a course of action you hadn’t considered before, or decide to merge paths to optimize your results.

 

from Marketing https://blog.hubspot.com/marketing/decision-tree

Have you ever made a high-stakes decision? If yes, did you contemplate for some time before landing on the "right" decision — and even then, still felt unsure about the best course of action?

In cases like those, you might need a decision tree. It's more formal than a chat with a friend or a pros-and-cons list.

Here, we’ll show you how to create a decision tree and analyze risk versus reward. We’ll also look at a few examples so you can see how other marketers have used decision trees to become better decision makers.

Table of Contents

What is a decision tree?

Decision Tree Analysis

How to Create a Decision Tree

How to Create a Decision Tree in Excel

Decision Tree Examples

When it comes to marketing, decision-making can feel particularly risky. What is my colleague is so attached to a new product, she doesn’t want to mention any of its shortcomings? What if my marketing team doesn’t mind office growth, but they haven’t considered how it will affect our strategy long-term?

The visual element of a decision tree helps you include more potential actions and outcomes than you might’ve if you just talked about it, mitigating risks of unforeseen consequences.

Plus, the diagram allows you to include smaller details and create a step-by-step plan, so once you choose your path, it’s already laid out for you to follow.

A decision tree contains four elements: the root node, decision nodes, leaf nodes, and branches that connect them together.

• The root node is where the tree starts. It's the big issue or decision you are addressing.
• As the name suggests, the decision nodes represent a decision in your tree. They are possible avenues to "solve" your main problem.
• The lead nodes represent possible outcomes of a decision. For instance, if you're deciding where to eat for lunch, a potential decision node is eat a hamburger at McDonald's. A corresponding leaf node could be: Save money by spending less than $5.
• Branches are the arrows that connect each element in a decision tree. Follow the branches to understand the risks and rewards of each decision.

Now let's explore how to read and analyze the decisions in the tree.

Decision Tree Analysis [Example]

Let’s say you’re deciding where to advertise your new campaign:

1. On Facebook, using paid ads, or
2. On Instagram, using influencer sponsorships.

For the sake of simplicity, we’ll assume both options appeal to your ideal demographic and make sense for your brand.

Here’s a preliminary decision tree you’d draw for your advertising campaign:

As you can see, you want to put your ultimate objective at the top — in this case, Advertising Campaign is the decision you need to make.

Next, you’ll need to draw arrows (your branches) to each potential action you could take (your leaves).

For our example, you only have two initial actions to take: Facebook Paid Ads, or Instagram Sponsorships. However, your tree might include multiple alternative options depending on the objective.

Now, you’ll want to draw branches and leaves to compare costs. If this were the final step, the decision would be obvious: Instagram costs $10 less, so you’d likely choose that.

However, that isn't the final step. You need to figure out the odds for success versus failure. Depending on the complexity of your objective, you might examine existing data in the industry or from prior projects at your company, your team’s capabilities, budget, time-requirements, and predicted outcomes. You might also consider external circumstances that could affect success.

Evaluating Risk Versus Reward

In the Advertising Campaign example, there’s a 50% chance of success or failure for both Facebook and Instagram. If you succeed with Facebook, your ROI is around $1,000. If you fail, you risk losing $200.

Instagram, on the other hand, has an ROI of $900. If you fail, you risk losing $50.

To evaluate risk versus reward, you need to find out Expected Value for both avenues. Here’s how you’d figure out your Expected Value:

• Take your predicted success (50%) and multiply it by the potential amount of money earned ($1000 for Facebook). That’s 500.
• Then, take your predicted chance of failure (50%) and multiply it by the amount of money lost (-$200 for Facebook). That’s -100.
• Add those two numbers together. Using this formula, you’ll see Facebook’s Expected Value is 400, while Instagram’s Expected Value is 425.

With this predictive information, you should be able to make a better, more confident decision — in this case, it looks like Instagram is a better option. Even though Facebook has a higher ROI, Instagram has a higher Expected Value, and you risk losing less money.

How to Create a Decision Tree

You can create a decision tree using the following steps. Remember: once you complete your tree, you can begin analyzing each decision to find the best course of action. 

1. Define your main idea or question.

The first step is identifying your root node. This is the main issue, question, or idea you want to explore. Write your root node at the top of your flowchart.

2. Add potential decisions and outcomes.

Next, expand your tree by adding potential decisions. Connect these decisions to the root node with branches. From here, write the obvious and potential outcomes of each decision.

3. Expand until you hit end points.

Remember to flesh out each decision in your tree. Each decision should eventually hit an end point, ensuring all outcomes rise to the surface. In other words, there's no room for surprises.

4. Calculate risk and reward.

Now it's time to crunch the numbers.

The most effective decision trees incorporate quantitative data. This allows you to calculate the expected value of each decision. The most common data is monetary. 

5. Evaluate outcomes.

The last step is evaluating outcomes. In this step, you are determining which decision is most ideal based on the amount of risk you're willing to take. Remember, the highest-value decision may not be the best course of action. Why? Although it comes with a high reward, it may also bring a high level of risk.

It's up to you — and your team — to determine the best outcome based on your budget, timeline, and other factors.

While the Advertising Campaign example had qualitative numbers to use as indicators of risk versus reward, your decision tree might be more subjective.

For instance, perhaps you’re deciding whether your small startup should merge with a bigger company. In this case, there could be math involved, but your decision tree might also include more quantitative questions, like: Does this company represent our brand values? Yes/No. Do our customers benefit from the merge? Yes/No.

To clarify this point, let’s take a look at some diverse decision tree examples.

Decision Tree Examples

The following example is from SmartDraw, a free flowchart maker:

Example One: Project Development

Here’s another example from Become a Certified Project Manager blog:

Example 2: Office Growth

Here’s an example from Statistics How To:

Example 3: Develop a New Product

To see more examples or use software to build your own decision tree, check out some of these resources:

• IBM SPSS Decision Trees
• LucidChart Decision Tree Software
• Zingtree Interactive Decision Tree Template

Back to You

Remember, one of the best perks of a decision tree is its flexibility. By visualizing different paths you might take, you might find a course of action you hadn’t considered before, or decide to merge paths to optimize your results.

 

via Perfecte news Non connection

How to Start a Podcast on Spotify for Free

If you're reading this, you've likely found a topic you could talk about for hours — and now you're ready to launch a podcast.

The good news: Spotify is becoming a go-to destination for podcasts. In 2021, Spotify listeners spent 78% more time listening to podcasts than the year before.

Even better news: it's relatively easy to start a podcast on Spotify — no fancy equipment or advanced skills required.

Here, we'll cover everything you need to know about podcasting on Spotify, and how to upload your next episode to the platform.

How to Meet Spotify's Podcast Requirements

The first step to starting a podcast on Spotify is making sure you meet its podcast requirements. Here's a quick rundown.

Your podcast should have:

• A title along with relevant details (i.e., category and primary language).
• Cover art in a 1:1 ratio and PNG, JPEG, or TIFF format. The higher the resolution, the better.
• A high bitrate MP3 format (128 kbps+) or MP4 with AAC-LC.
• Episodes that do not exceed 12 hours.

Once you meet the conditions in this checklist, you're officially ready to upload your podcast to Spotify. Check out the steps below.

1. Create a Spotify account.

Unsurprisingly, you'll need a Spotify account to upload your podcast to the platform. If you're new to Spotify, use this form to sign up.

2. Choose a podcast hosting platform.

Despite its podcast-friendly nature, you can't actually host your podcast on Spotify. That's right: Spotify only provides access to podcasts that are hosted elsewhere.

That said, Spotify has its own hosting platform — Anchor.fm — that enables you to record, edit, and share a podcast to Spotify in one location. It also offers plenty of analytics to better understand your audience.

Of course, there are plenty of other hosting platforms — both free and premium — to choose from, most notably Buzzsprout, Podbean, and Castos. Remember not all hosting sites are created equal, so pay close attention to the amount of storage and analytics each one provides.

3. Copy your RSS feed link.

After uploading your podcast to a hosting platform, the next step is to copy the RSS feed link. You can think of your RSS feed as the address for your podcast. And, like an address, there is only one RSS feed per podcast.

4. Open Spotify for Podcasters.

Next, open Spotify for Podcasters and log in with your Spotify account. Then, hit "Get Started."

Then, paste your RSS feed link into the text box. Hit "Next."

Once you submit the RSS link, Spotify will verify that you own the podcast. What does this look like? Typically, Spotify will send you a code via email to verify. More than likely, this is the same email you use to log into your hosting site.

5. Add your podcast info.

Once verified, the next step is to add essential information about your podcast— including where it's made, its primary language, your hosting provider, and its primary category.

Once you select a primary category, you can select three corresponding sub-categories. This is especially helpful if you're podcast spans multiple topics or genres.

After filling out the form, hit "Next."

6. Review and submit your podcast.

The final step is reviewing the information you filled out in the previous step. Once you're happy, hit "Submit."

After submitting your podcast, the Spotify team will review your info and then push your podcast live. Expect this process to take a few hours. It's also worth noting that Spotify does not alert you when it goes live, so keep an eye out for your new episode.

Back to You

In six easy steps, you can share your podcast on one of the biggest podcasting platforms today. Once your podcast goes live, remember to share it far and wide. Make this a regular practice with each episode to boost your listenership.

from Marketing https://blog.hubspot.com/marketing/how-to-start-a-podcast-on-spotify

If you're reading this, you've likely found a topic you could talk about for hours — and now you're ready to launch a podcast.

The good news: Spotify is becoming a go-to destination for podcasts. In 2021, Spotify listeners spent 78% more time listening to podcasts than the year before.

Even better news: it's relatively easy to start a podcast on Spotify — no fancy equipment or advanced skills required.

Here, we'll cover everything you need to know about podcasting on Spotify, and how to upload your next episode to the platform.

How to Meet Spotify's Podcast Requirements

The first step to starting a podcast on Spotify is making sure you meet its podcast requirements. Here's a quick rundown.

Your podcast should have:

• A title along with relevant details (i.e., category and primary language).
• Cover art in a 1:1 ratio and PNG, JPEG, or TIFF format. The higher the resolution, the better.
• A high bitrate MP3 format (128 kbps+) or MP4 with AAC-LC.
• Episodes that do not exceed 12 hours.

Once you meet the conditions in this checklist, you're officially ready to upload your podcast to Spotify. Check out the steps below.

1. Create a Spotify account.

Unsurprisingly, you'll need a Spotify account to upload your podcast to the platform. If you're new to Spotify, use this form to sign up.

2. Choose a podcast hosting platform.

Despite its podcast-friendly nature, you can't actually host your podcast on Spotify. That's right: Spotify only provides access to podcasts that are hosted elsewhere.

That said, Spotify has its own hosting platform — Anchor.fm — that enables you to record, edit, and share a podcast to Spotify in one location. It also offers plenty of analytics to better understand your audience.

Of course, there are plenty of other hosting platforms — both free and premium — to choose from, most notably Buzzsprout, Podbean, and Castos. Remember not all hosting sites are created equal, so pay close attention to the amount of storage and analytics each one provides.

3. Copy your RSS feed link.

After uploading your podcast to a hosting platform, the next step is to copy the RSS feed link. You can think of your RSS feed as the address for your podcast. And, like an address, there is only one RSS feed per podcast.

4. Open Spotify for Podcasters.

Next, open Spotify for Podcasters and log in with your Spotify account. Then, hit "Get Started."

Then, paste your RSS feed link into the text box. Hit "Next."

Once you submit the RSS link, Spotify will verify that you own the podcast. What does this look like? Typically, Spotify will send you a code via email to verify. More than likely, this is the same email you use to log into your hosting site.

5. Add your podcast info.

Once verified, the next step is to add essential information about your podcast— including where it's made, its primary language, your hosting provider, and its primary category.

Once you select a primary category, you can select three corresponding sub-categories. This is especially helpful if you're podcast spans multiple topics or genres.

After filling out the form, hit "Next."

6. Review and submit your podcast.

The final step is reviewing the information you filled out in the previous step. Once you're happy, hit "Submit."

After submitting your podcast, the Spotify team will review your info and then push your podcast live. Expect this process to take a few hours. It's also worth noting that Spotify does not alert you when it goes live, so keep an eye out for your new episode.

Back to You

In six easy steps, you can share your podcast on one of the biggest podcasting platforms today. Once your podcast goes live, remember to share it far and wide. Make this a regular practice with each episode to boost your listenership.

via Perfecte news Non connection

Best 12 Finance Podcasts To Get Your Money Right in 2022

If you're looking for some great finance podcasts to listen to in 2022, you've come to the right place.

In this article, we will share with you a list of the best finance podcasts available.

Whether you're just getting started in your financial journey or you're looking for some new tips and tricks, these podcasts will help you out.

Best for Learning About The Economy: Planet Money

NPR’s Planet Money describes itself as a show where listeners can learn about the economy from a friend – at a bar.

While the economy may seem like a boring topic to many, Planet Money makes it interesting by doing deep dives on who it impacts and how – everything from inflation to fast food delivery to crypto and city building.

What’s more, the show takes a global approach, tackling all countries and the economic issues they face.

Although this isn’t the show to teach you how to manage your 401K, you will learn how a lot about where the economy is and where it’s headed – which is valuable knowledge for long-term investments.

Standout episodes:

• Buy Now, Pay Dearly
• No Such Thing as a Free Return
• Of Oligarchs, Oil, and Rubles

Best for Beginners: Brown Ambition

If you are new to the financial literacy game, you’ve probably heard of The Budgenista. She is a well-known finance educator and author with a large social media following and a frequent daytime TV show guest.

She, along with her co-host Mandi Woodruff, another personal finance expert, started a podcast so you can get their advice every week.

They cover traditional finance topics like retirement accounts, debt management, and loans while also tackling current events, such as rising inflation and the pandemic.

Brown Ambition is perfect for those who don’t know where to start to manage their finances as well as those who have the basics down but still want to do more.

Standout episodes:

• Why I-Bonds are Suddenly a Sexy Investment
• Juggling Your Business with a 9-5
• Can you buy your way to an early retirement?

Best for Seasoned Investors: Invest Like The Best

One of my favorite ways to learn is by listening to experts. This finance podcast leverages this by bringing in investment leaders from all sectors to offer advice and share their journey with listeners.

What’s great about this podcast is that it doesn’t just focus on standard investments like 401Ks, stocks, and bonds – they also discuss artificial intelligence, ecommerce, NFTs, gaming, and more.

This show is for business-driven folks who want to learn how to diversify their income streams and scale their businesses.

Standout episodes:

• Factories of The Future
• The Past, Present and Future of Digital Infrastructure
• The Art of Software Buyouts

Best for Building a Millionaire Mindset: Manifesting Money

Manifesting Money is a show that focuses on the psychological, spiritual, and emotional side of making money.

It’s all about attracting and retaining money to build long-term wealth.

The show tackles everything from breaking harmful generational beliefs around money to getting out of financial hardship.

This podcast is ideal for those who not only want to get their money right but also their mind.

Standout episodes:

• Releasing Your Emotional Attachment to Money
• Step-by-Step Process of Getting Through Financial Hardship
• Is Your Family Blocking Your Financial Blessings?

Best For Beginners: Clever Girls Know

Created for women by women, this podcast is an extension of the Clever Girl Finance brand, which is personal finance media and education platform in the U.S.

From personal success stories to pop culture lessons to expert tips, Clever Girls Know has a little bit of everything in its podcast. This is what makes the podcast exciting – every week, you get something fresh and different.

Standout episodes:

• The Parallels between Your Health/Diet and Your Finances
• The Good, The Bad, and the Backlash of Saving $100K
• How Stephanie Increased Her Income, Then Identified & Addressed Her Money Trauma

Best For Side Hustlers: Yo Quiero Dinero

We can’t talk money without talking about generational disparities stemming from race, gender, and sexual orientation. Yo Quiero Dinero tackles this and more.

Led by a Latina woman, Yo Quiero Dinero helps its listeners tap into their potential by offering the steps needed to succeed in entrepreneurship while navigating real-life challenges.

From the path to investing as a first gen to the mental health impact of pursuing financial independence, this podcast is a well-rounded podcast that teaches about money and beyond.

Standout episodes:

• How to Manage Wealth Guilt
• Why Entrepreneurship is Emancipation for Women of Color
• Taxes and Accounting for Side Hustlers

Best For Parents: Parents Making Profits

Are you a parent struggling to balance family and business? Then, this podcast is for you.

Parents Making Profits is all about ways to earn money while balancing raising a family.

The best part? It’s led by two Dadpreneurs who practice what they preach – so, you know you’re getting advice from those who understand exactly what you’re going through and how to tackle those challenges.

Standout episodes:

• How to Get PR without a Publicist
• Who is more helpful when starting your business: Strangers or Friends/Family?
• 4 Tips for You to be an Effective ParentPreneur

Best for Short-and-Sweet Tips: Nerd Wallet’s Smart Money

Nerd Wallet has already established itself in the blogging space as a reputable. financial education platform. In 2017, they expanded into the audio space by launching “Smart Money.”

Compared to most podcasts which usually range between 45 minutes to an hour, Nerd Wallet is short and sweet, with most episodes around 20 to 30 minutes.

These bite-sized episodes cover everything from leveraging credit card points to vetting mortgage lenders. They also do “nerdy deep dives” into niche industries like child care and weightlifting.

Standout episodes:

• When Travel Insurance is Worth It and Buying an Electric Car
• Why File Your Taxes Early and Tapping Your Home’s Equity
• Small Business Inflation and Sign-Up Bonuses

Best for Beginners: Money Please

Money conversations can get complicated very quickly. Think of Money Please as your go-to friend for all things finances who can give you the scoop and offer advice without shaming or judging you.

The host, Berna Anat, regularly brings in experts to help listeners go from a fear of money to a love of personal finance.

Standout episodes:

• How Do I Avoid the Budgeting Guilt Cycle?
• Is It Too Late to Become Part of the CryptoClub?
• Financial Feminism

Best for Those Seeking Early Retirement: Choose FI

Ever watch those “I’m retired at 30” videos and wished that was you? Then, start listening to Choose FI.

This podcast focuses on reaching financial independence (FI) early by exploring tactics used by those who have achieved it. They tackle debt management, tax hacks, passive income streams, real estate, free travel, and more.

Standout episodes:

• SWOT Analysis for Financial Independence
• The Art of the Career Pivot
• $1K 100 Ways

Best For Novice Investors: Coffee and Coin

Some of the best conversations are had while drinking a cup of coffee.

This podcast aims to do just that: Real, honest conversations about money. From where to invest to how to double your earning potential.

Although the podcast was created with women in mind, anyone can benefit from listening to this podcast.

Standout episodes:

• Investing Strategies: How Erique Leveraged Automation to Turbo Charge Her Net Worth
• Why Compound Interest Is Your New Best Friend
• Bad Pocket Business Plans: What They Are & Why You Need One

Best For Real Estate Investors: On the Market

Want to keep up with the real estate market but don’t have the time to keep up with the news? That’s where On The Market comes in.

This podcast serves as your one-stop shop to learn and get updates on everything related to the market.

From crash predictors to recession investments to interest rates, real estate enthusiasts are sure to stay ahead of the curve.

Standout episodes:

• What to Invest in During a Recession
• The Not-So-Scary Way to Start Buying Real Estate in 2022
• Host vs. Hotels: Is there still room in the short-term rental market?

Whether you’re new to personal finance or you’re a seasoned investor, there’s a financial podcast in this list for you.

from Marketing https://blog.hubspot.com/marketing/best-finance-podcasts

If you're looking for some great finance podcasts to listen to in 2022, you've come to the right place.

In this article, we will share with you a list of the best finance podcasts available.

Whether you're just getting started in your financial journey or you're looking for some new tips and tricks, these podcasts will help you out.

Best for Learning About The Economy: Planet Money

NPR’s Planet Money describes itself as a show where listeners can learn about the economy from a friend – at a bar.

While the economy may seem like a boring topic to many, Planet Money makes it interesting by doing deep dives on who it impacts and how – everything from inflation to fast food delivery to crypto and city building.

What’s more, the show takes a global approach, tackling all countries and the economic issues they face.

Although this isn’t the show to teach you how to manage your 401K, you will learn how a lot about where the economy is and where it’s headed – which is valuable knowledge for long-term investments.

Standout episodes:

• Buy Now, Pay Dearly
• No Such Thing as a Free Return
• Of Oligarchs, Oil, and Rubles

Best for Beginners: Brown Ambition

If you are new to the financial literacy game, you’ve probably heard of The Budgenista. She is a well-known finance educator and author with a large social media following and a frequent daytime TV show guest.

She, along with her co-host Mandi Woodruff, another personal finance expert, started a podcast so you can get their advice every week.

They cover traditional finance topics like retirement accounts, debt management, and loans while also tackling current events, such as rising inflation and the pandemic.

Brown Ambition is perfect for those who don’t know where to start to manage their finances as well as those who have the basics down but still want to do more.

Standout episodes:

• Why I-Bonds are Suddenly a Sexy Investment
• Juggling Your Business with a 9-5
• Can you buy your way to an early retirement?

Best for Seasoned Investors: Invest Like The Best

One of my favorite ways to learn is by listening to experts. This finance podcast leverages this by bringing in investment leaders from all sectors to offer advice and share their journey with listeners.

What’s great about this podcast is that it doesn’t just focus on standard investments like 401Ks, stocks, and bonds – they also discuss artificial intelligence, ecommerce, NFTs, gaming, and more.

This show is for business-driven folks who want to learn how to diversify their income streams and scale their businesses.

Standout episodes:

• Factories of The Future
• The Past, Present and Future of Digital Infrastructure
• The Art of Software Buyouts

Best for Building a Millionaire Mindset: Manifesting Money

Manifesting Money is a show that focuses on the psychological, spiritual, and emotional side of making money.

It’s all about attracting and retaining money to build long-term wealth.

The show tackles everything from breaking harmful generational beliefs around money to getting out of financial hardship.

This podcast is ideal for those who not only want to get their money right but also their mind.

Standout episodes:

• Releasing Your Emotional Attachment to Money
• Step-by-Step Process of Getting Through Financial Hardship
• Is Your Family Blocking Your Financial Blessings?

Best For Beginners: Clever Girls Know

Created for women by women, this podcast is an extension of the Clever Girl Finance brand, which is personal finance media and education platform in the U.S.

From personal success stories to pop culture lessons to expert tips, Clever Girls Know has a little bit of everything in its podcast. This is what makes the podcast exciting – every week, you get something fresh and different.

Standout episodes:

• The Parallels between Your Health/Diet and Your Finances
• The Good, The Bad, and the Backlash of Saving $100K
• How Stephanie Increased Her Income, Then Identified & Addressed Her Money Trauma

Best For Side Hustlers: Yo Quiero Dinero

We can’t talk money without talking about generational disparities stemming from race, gender, and sexual orientation. Yo Quiero Dinero tackles this and more.

Led by a Latina woman, Yo Quiero Dinero helps its listeners tap into their potential by offering the steps needed to succeed in entrepreneurship while navigating real-life challenges.

From the path to investing as a first gen to the mental health impact of pursuing financial independence, this podcast is a well-rounded podcast that teaches about money and beyond.

Standout episodes:

• How to Manage Wealth Guilt
• Why Entrepreneurship is Emancipation for Women of Color
• Taxes and Accounting for Side Hustlers

Best For Parents: Parents Making Profits

Are you a parent struggling to balance family and business? Then, this podcast is for you.

Parents Making Profits is all about ways to earn money while balancing raising a family.

The best part? It’s led by two Dadpreneurs who practice what they preach – so, you know you’re getting advice from those who understand exactly what you’re going through and how to tackle those challenges.

Standout episodes:

• How to Get PR without a Publicist
• Who is more helpful when starting your business: Strangers or Friends/Family?
• 4 Tips for You to be an Effective ParentPreneur

Best for Short-and-Sweet Tips: Nerd Wallet’s Smart Money

Nerd Wallet has already established itself in the blogging space as a reputable. financial education platform. In 2017, they expanded into the audio space by launching “Smart Money.”

Compared to most podcasts which usually range between 45 minutes to an hour, Nerd Wallet is short and sweet, with most episodes around 20 to 30 minutes.

These bite-sized episodes cover everything from leveraging credit card points to vetting mortgage lenders. They also do “nerdy deep dives” into niche industries like child care and weightlifting.

Standout episodes:

• When Travel Insurance is Worth It and Buying an Electric Car
• Why File Your Taxes Early and Tapping Your Home’s Equity
• Small Business Inflation and Sign-Up Bonuses

Best for Beginners: Money Please

Money conversations can get complicated very quickly. Think of Money Please as your go-to friend for all things finances who can give you the scoop and offer advice without shaming or judging you.

The host, Berna Anat, regularly brings in experts to help listeners go from a fear of money to a love of personal finance.

Standout episodes:

• How Do I Avoid the Budgeting Guilt Cycle?
• Is It Too Late to Become Part of the CryptoClub?
• Financial Feminism

Best for Those Seeking Early Retirement: Choose FI

Ever watch those “I’m retired at 30” videos and wished that was you? Then, start listening to Choose FI.

This podcast focuses on reaching financial independence (FI) early by exploring tactics used by those who have achieved it. They tackle debt management, tax hacks, passive income streams, real estate, free travel, and more.

Standout episodes:

• SWOT Analysis for Financial Independence
• The Art of the Career Pivot
• $1K 100 Ways

Best For Novice Investors: Coffee and Coin

Some of the best conversations are had while drinking a cup of coffee.

This podcast aims to do just that: Real, honest conversations about money. From where to invest to how to double your earning potential.

Although the podcast was created with women in mind, anyone can benefit from listening to this podcast.

Standout episodes:

• Investing Strategies: How Erique Leveraged Automation to Turbo Charge Her Net Worth
• Why Compound Interest Is Your New Best Friend
• Bad Pocket Business Plans: What They Are & Why You Need One

Best For Real Estate Investors: On the Market

Want to keep up with the real estate market but don’t have the time to keep up with the news? That’s where On The Market comes in.

This podcast serves as your one-stop shop to learn and get updates on everything related to the market.

From crash predictors to recession investments to interest rates, real estate enthusiasts are sure to stay ahead of the curve.

Standout episodes:

• What to Invest in During a Recession
• The Not-So-Scary Way to Start Buying Real Estate in 2022
• Host vs. Hotels: Is there still room in the short-term rental market?

Whether you’re new to personal finance or you’re a seasoned investor, there’s a financial podcast in this list for you.

via Perfecte news Non connection