As you get more advanced you can upgrade your equipment, but on the simplest level you can produce a high quality podcast with a lot of the equipment you already have (most notably your computer and your phone).
One of the great things about podcasting is the low barrier to entry from an equipment standpoint. As you get more advanced you can upgrade your equipment, but on the simplest level you can produce a high quality podcast with a lot of the equipment you already have (most notably your computer and your phone).