If you’re a real estate investor (or if you want to be one), you should be listening to real estate investing podcasts.
Next to being mentored by another investor in person, this is one of the most powerful and effective ways to learn about investing.
But the question is: what type of real estate investing podcasts should you be listening to? There are so many out there, how do you decide?
Here’s what we recommend…
Here Are The Best Types Of Podcasts To Listen To…
Use this simple guide to help you find (or rebalance) the mix of podcasts you should be listening to…
Podcasts About The Type Of Real Estate Investing You Do Right Now
At least half of the podcasts you listen to should be about the kind of real estate investing you do right now. They should help you become better at your current level of investing by giving you tips, tools, strategies, and ideas. For example, if you rehab houses, listen to podcasts by rehabbers about rehabbing… and at the level you’re currently at (so, if you’re a beginner, listen to podcasts that talk at a level you’re comfortable with).
How this type of podcast will make you a better investor: Listening to these kinds of podcasts will help you hone your craft where you’re at; they’ll help you build a stronger foundation of doing the kinds of things you’re doing right now.
Podcasts About The Level You Want To Be At
One podcast should be at the level you want to be at; it should be next-level investing for you… something that pushes you to a higher level than you’re currently operating at. Alternatively, you may choose to listen to real estate investing podcasts that are of a different type of investing, if you want to break into that kind of investing. So, for example, if you do rehabbing right now, consider listening to either an advanced rehabbing podcast (for the next level) OR a podcast about note investing (for an alternate approach).
How this type of podcast will make you a better investor: Listening to these kinds of podcasts will help you stretch a bit, to reach higher while still standing on a very strong base.
Podcasts About Business, Marketing, Finance, Sales, Etc.
Many newbie real estate investors don’t realize this but real estate investing is a business. Therefore, you should be listening to at least one podcast about business, marketing, etc. The reason is: it’s easy to get stuck listening to ONLY real estate investing podcasts and not branch out to hear other things. However, the advantage is: podcasts that are focused on the broader worlds of business, marketing, finance, sales, whatever, may give you ideas and strategies that you’d never hear in a “how-to-flip-properties” podcast.
How this type of podcast will make you a better investor: Listening to these kinds of podcasts will expose you to cutting edge ideas that you can apply to your current investing practices.
Podcasts That Inspire You
At least one podcast you listen to should be an inspirational podcast that motivates and inspires you to work harder, work smarter, and become a better entrepreneur. These may or may not be specific to real estate investing but there’s nothing like a good inspirational podcast to get you pumped up and working hard!
How this type of podcast will make you a better investor: Listening to these kinds of podcasts will help you shake off your average self and become a better person and a better investor, and can motivate you to keep going when things get tough.
Podcasts That Challenge You
You should listen to at least one podcast that challenges you. Maybe it’s something you disagree with (such as listening to a liberal/Democrat podcast if you are more of a conservative/Republican person) or maybe it’s something that exposes you to ideas that scare you. Yes, you might totally hate what you hear but being challenged and exposed to ideas we disagree with will make you a better investor.
How this type of podcast will make you a better investor: Listening to to these kinds of podcasts will inoculate you against challenging people and situations. It’s a similar concept to working out: if you want to build muscle, you have to pump iron which tears the muscle tissue; that’s what builds stronger muscle.
Podcasts That Exposes You To Interesting And Unique Ideas
Finally, you should listen to at least one podcast that exposes you to interesting and unique ideas; things that are fascinating and noteworthy. It could be a trivia podcast or TED Talk or something like that.
How this type of podcast will make you a better investor: Real estate investing is a people business, and you’re always going to meet people who you need to talk to. What will you talk to them about? Having ideas and conversational tidbits in mind will help you have fascinating and insightful conversations with everyone you meet.
But Isn’t This A LOT Of Podcasts???
It seems like a lot of podcasts, right? Well here’s the good news: It isn’t as many as you think.
Often, there’s overlap: For example, some real estate investing podcasts might cover where you are now AND where you want to be. Or maybe there’s a podcast that is both motivational AND it talks about business or marketing.
And, don’t forget that you can listen to podcasts anywhere at any time, and you don’t have to listen to a podcast entirely in one session. Therefore, you may find that simply listening to 10 minutes of podcast while driving in your car from your home to your office could be exactly what you need to get through many more podcasts than you realize.
There are so many podcasts out there, which ones should you be listening to? It can be easy to start listening to too many, or too many of the wrong ones.
The bottom line is: you should be listening to podcasts but you need to listen to the right ones. The most successful real estate investors are always learning and growing, and one of the most powerful tools for growth that is to listen to more real estate investing podcasts. Use this simple guide to help you find the right balance of podcasts to be listening to right now.
Want to learn more and level up your investing? It’s all about getting educated and taking action! Click here to find your next real estate investing podcast.