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Here Are the Best Personal Finance Podcasts You May Not Know About
Personal Finance
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Even as recently as a decade ago, most people listened to their radio shows in the exact same way — on the actual radio. Fast forward to today, and the world of podcasting has absolutely exploded, changing the way we think about broadcasting for generations to come. One great thing about podcasting is that absolutely anyone can do it — all you really need is a microphone. Because of that, the format is filled with niche content aimed not at the biggest possible audience, but at smaller and far more passionate ones. Case in point: personal finance. Whether you’re a beginner or just want to stay up to date on all of those latest industry trends, there are a few key personal finance podcasts in particular that you will want to be aware of moving forward. So Money One of the great things about the So Money podcast is that it takes an inherently complicated topic — personal finance — and boils it down to its bare essentials so absolutely anyone can follow. The show is filled with interviews featuring entrepreneurs, financial authors, influencers and more — but it never gets too complicated to the point where it would keep anyone at arm’s length. This, coupled with the casual and candid tone, makes So Money a personal finance podcast that is great for beginners in particular. The College Investor Many people don’t realize just how important those immediate post-college years are for personal finance until it’s too late. But now, thankfully, there is an invaluable resource that new grads can turn to in their time of need — The College Investor podcast. As the name suggests, it’s a deep dive into absolutely everything you’ll need to know about this critical time — from creating your first budget that actually works to repaying student loans to finding gainful employment and much, much more. Smart Passive Income Everyone knows how hard it can often be to earn a living. But what you might not realize is that not all forms of income take as much day-to-day involvement as your current one. There are passive ways to earn a living, too — and that’s exactly what the Smart Passive Income podcast is all about. Making money as a blogger, for example, is definitely a viable option in the modern era. If you’re able to write content that resonates with people, you can sell ads on it — thus creating an income stream that itself will stand the test of time. That’s just one example of the many ways that people earn a passive income — all of which are discussed on the show. Others include email marketing, becoming a podcaster, affiliate marketing, and more. The Dave Ramsey Show One of the qualities that makes a podcast good ultimately comes down to the personality of the host. Yes, the content needs to be great, but if that personal flair isn’t there, each episode will ultimately be a chore to get through. One example of a show with the opposite of that problem is The Dave Ramsey Show, hosted by the radio host and best-selling author of the same name. He’s never one to mince words and always speaks his mind as he uses each episode to talk about topics that matter most to him, such as debt, investments, retirement, and even marriage. Planet Money Any savvy investor will tell you that if you really want to put your money to work for you, you need to understand as much about the economy as you can. That’s the ultimate goal behind Planet Money — the hit podcast that wants to help viewers boost their own financial power as much as possible. The thing that makes Planet Money so unique is that it mixes stories and conversations to break down not just the economy, but those elements that really affect each and every one of us on a daily basis. These are the types of things that many people don’t devote much thought to but that hold sway over our financial destiny all the same. Planet Money is produced by National Public Radio and is similar to a lot of their other content in many ways. Note that all of the aforementioned podcasts are available in all of your favorite podcasting apps, from Apple Podcasts to Google Podcasts and more. Looking for more ways to build success in your personal finances? Contact our office and let’s chat.
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Tax and Financial Insights
by NR CPAs & Business Advisors
2026 IRS Mileage Rates: Key Updates and Insights
The IRS has rolled out the inflation-adjusted mileage rates for 2026, offering taxpayers an efficient way to claim deductions for vehicle-related expenses incurred for business, charity, medical, or moving purposes. These adjustments reflect the continued economic shifts impacting car operation costs.
Effective January 1, 2026, the new standard mileage rates are established as follows:
- Business Travel: Increased to 72.5 cents per mile, inclusive of a 35-cent-per-mile depreciation allocation. This marks a rise from the 70 cents per mile rate set for 2025
- Medical/Moving Purposes: Reduced slightly to 20.5 cents per mile, down from 21 cents in the previous year, reflecting the variable cost considerations.
- Charitable Contributions: Consistent at 14 cents per mile, a fixed rate unchanged for over a quarter-century.
As is typical, the business mileage rate considers the integral fixed and variable costs of automobile operation. Meanwhile, the medical and moving rates remain contingent on variable expenses as determined by the IRS study.
It is critical to note that the One Big Beautiful Bill Act (OBBBA) held firm on disallowing moving expense deductions except for specific cases within the Armed Forces and intelligence community, marking a substantial shift since 2017.
When engaging in charitable work, taxpayers might opt for a direct expense deduction over the per-mile method, covering gas and oil costs. However, comprehensive upkeep and insurance costs are non-deductible expenses.
Business Vehicle Use Considerations: Taxpayers can alternatively compute vehicle expenses using actual costs, which might benefit from shifting depreciation rules, particularly through bonuses and first-year advantages. Keep in mind, however, reverting from actual cost calculations to standard rates in subsequent years is restricted, particularly per vehicle protocol and when exceeding four vehicles in concurrent use.
Additionally, parking, tolls, and property taxes attributable to business can be deducted independently of the general rate, an often-overlooked advantage by many business owners.
Tax Strategies for Employers and Employees: Reimbursements based on the standard mileage framework, providing the right documentation is in place, remain tax-free for employees. Meanwhile, the elimination and continued prohibition of unreimbursed employee deductions continue, with particular exceptions offered to qualified personnel across specific occupations.
Opportunities for Self-employed Individuals: Entrepreneurs remain eligible for deductions on business-related vehicle use via Schedule C, with potential to account for business-use interest on auto loans.
Heavy SUVs and Deduction Advantages: Heavier vehicles exceeding 6,000 pounds but under 14,000 pounds open opportunities for substantial tax deductions through Section 179 and bonus depreciation avenues. The lifecycle of such a vehicle bears implications on recapturing initially claimed deductions, urging cautious tax planning.
For professional guidance on optimizing your vehicle-related tax deductions and understanding their implications on tax strategies, contact our office in Coral Gables, Florida, where expert advice and strategic insights are just a call away.
Educator's Deduction Reform: Key Changes Under OBBBA
The One Big Beautiful Bill Act (OBBBA) introduces significant enhancements for educators' tax deductions starting in 2026, offering both strategic opportunities and planning considerations for educators who qualify. With the reinstated itemized deduction for qualified unreimbursed expenses, educators have a broader spectrum of financial relief. This is complemented by the retention of the $350 above-the-line deduction, allowing educators to maximize their tax benefits by selectively allocating expenses between these avenues.
Understanding the nuances of these changes is crucial for educators and financial advisors alike. The dual-option deduction strategy can potentially enhance tax efficiency, thereby aligning with broader financial planning goals.
At NR CPAs & Business Advisors, based in Coral Gables, Florida, our expertise in tax preparation and planning provides invaluable support to educators navigating these changes. Our comprehensive approach, combined with personalized advice from our experienced team, ensures compliance and optimization in line with the latest tax legislations.
Given these updates, it is imperative to engage with seasoned professionals to fully leverage your deduction strategies. Contact us today to streamline your tax planning under OBBBA's new guidelines and maximize your deductions for upcoming tax years.
