"Srimad-Bhagavatam" directly brings us in connection with the Lord. Hearing about the Lord means meeting with Him. If we hear "Bhagavatam" properly, it purifies the heart. Hearing of "Srimad-Bhagavatam" is a very powerful sadhana, and we should do it with eagerness and without offenses. Every verse of "Bhagavatam" is in connection with the Supreme Truth, it can relieve us from the slavery of anarthas.
As a result of hearing "Srimad-Bhagavatam" you will be able to get rid of soka, moha and bhaya, or lamentation, bewilderment and fear. You can become completely joyful, clear in mind and peaceful. We hold on to the anarthas even though we understand that they are the cause of the sufferings.
Soka, moha and bhaya are three emotional states which are connected with the three phases of time. We always lament regarding the past. We are always fearful about the future. We live in the present very rarely, but if we do it, we are always bewildered. If we hear "Srimad-Bhagavatam" properly we will be free from this imprisonment within the material time. "Bhagavatam" will give us a sense of what it is like to be with Krisna in the eternal time. To hear "Srimad-Bhagavatam" properly means to learn this art of submissive hearing. Then we will be free from these three emotional states and we will invest our loving propensity in God.