Solo Podcaster Portable setup
Budget mic + XLR CABLE DIGITAL RECORDER + HEADPHONES + MIC STAND
Total: $359 + tax on Amazon.com
The Sennheiser e835 is a solid, high-quality XLR microphone that I've used for years, and I highly recommend it. Plug that into the Zoom H4n Digital Recorder using an XLR cable. The H4n has two XLR inputs, so you can easily add another microphone or mix in audio from a computer or phone, with the proper cables of course. The H4n records to an SD card, making it easy to record on the go without having to record to a laptop or desktop computer. Monitor your audio with a nice pair of headphones, the SMH500s by Senal. Use a stand if recording at a table or desk, but certainly carry our microphone by hand if the situation calls for it. This setup will yield high quality sound, guaranteed!