Personal Finance for PhDs

In this episode, Emily interviews Dr. Ian Gutierrez, a PhD in clinical psychology and former union leader at the University of Connecticut. While in graduate school, Ian served on the bargaining committee for the newly formed graduate student union, and viewed a higher income as the solution to his personal finance challenges. During his internship year, despite earning about what he had as a graduate student, Ian challenged himself to live within his means and pay down his previously accumulated debt and

In this episode, Emily interviews Dr. Louise Lassalle, a postdoc at the Lawrence Livermore National Lab in Berkeley, CA. Louise recounts the hurdles in the process of her move from France to the US for her postdoc. We discuss short-term hurdles; e.g., being approved for a rental, establishing credit, and the cost of moving; medium-term hurdles; e.g., choosing a health insurance plan, adjusting to the cost of living, and paying tax; and long-term hurdles, e.g., the cost of applying for a green card. This

In this episode, Emily interviews Dr. Jim Pugh, the founder of ShareProgress and co-host of the Basic Income Podcast. Jim defines universal basic income and outlines how it would alleviate poverty and other social ills, including results from research and real-life experiments with basic income. He describes the possible avenues by which universal basic income could be funded and whether it would replace our existing social safety nets.

In this episode, Emily interviews Dr. Jim Pugh, the founder of ShareProgress and co-host of the Basic Income Podcast. Jim earned a PhD in computer science and subsequently worked for the Democratic National Convention and other progressive groups. He always aspired to start a business, and his post-PhD work experience inspired him to found ShareProgress, a software product and consulting service.

In this episode, Emily interviews her brother, Sam Hogan, a mortgage originator with Prime Lending who specializes in PhDs and PhD students, particularly those receiving fellowship income. Sam relays what it takes to qualify for a mortgage in terms of credit score, income, and debt load, including the special way deferred student loans play into the calculation. He details the unusual strategies he has learned over the past year of working with PhD clients to help them get approved for mortgages, even with

In this episode, Emily interviews Kelsey Wood, a National Science Foundation (NSF) Graduate Research Fellow who now teaches others how to write competitive applications for the Graduate Research Fellowship Program (GRFP). They discuss the decisions that new fellows have to make regarding when to start receiving the funding and the internship opportunities available. Kelsey also issues a warning regarding paying quarterly estimated tax and gives great insights from her course for GRFP applicants.

In this episode, Emily explains how and when the stimulus checks from the CARES Act will be sent to qualifying individuals. She points to new IRS tools to help you track your payment and ensure that your payment arrives in a timely fashion. A minority of citizens and residents may need to submit their 2019 tax returns or other information prior to receiving their checks.

In this episode, Emily interviews Dr. Amanda, a tenure-track professor at a small college in the midwest. At the start graduate school, Amanda was disengaged from her finances and considered grad school to be a financial continuation of undergrad. She had resigned herself to being a "poor graduate student" until she read Ramit Sethi's book, I Will Teach You to Be Rich. Slowly, the financial messages in that book replaced the limiting beliefs she had absorbed from academia. Amanda took small steps to improve

In this episode, Emily interviews Alina Christenbury, a first-year PhD student in computer science at the University of Delaware. Alina doesn't own a car, preferring to bicycle for her daily commute to her university and around town as much as possible. She relies on her roommate, sister, and other friends for occasional rides to the grocery store, bus stop, or hometown, but also uses ridesharing apps and dreams of owning a portable bicycle.

In this episode, Emily interviews Jewel Tomasula, a graduate student at Georgetown University in biology, specifically ecology and evolutionary biology. Jewel participates in climate change collective action through the Sunrise Movement, through 500 Women Scientists, and at her university. Emily and Jewel discuss how people can combat climate change as individuals and collectively through the lens of personal finance, covering frugal and environmental strategies, socially responsible investing, and

In this episode, Emily and Lourdes discuss their lives and finances during the coronavirus pandemic. Emily is balancing running her business with caring for her two small children (while her husband also works full-time), and Lourdes is adjusting to working on her PhD remotely and virtually never interacting with other people face-to-face.

In this episode, Emily interviews Dr. Rachel Blackburn, an assistant professor at Columbus State University. Rachel’s PhD stipend at Kansas State University was approximately $1,000 per month and her rent claimed half of that, but she resolved to do more than scrape by financially. Emily and Rachel discuss in detail how Rachel optimized her pay rate in her side hustles, generated extra income through credit card churning, and travel hacked her personal and professional trips.

In this episode, Emily interview ZW Taylor (Zach), a PhD student in Educational Leadership and Policy at the University of Texas at Austin. As a child, Zach identified as a "poor kid" and never thought higher education was for him. His upbringing and winding path through community college and his bachelor's and master's degrees taught him lessons about money that he has carried into his life as a PhD student - for better and for worse. In this second half of the conversation, Zach gives detailed and unique

In this episode, Emily interview ZW Taylor (Zach), a PhD student in Educational Leadership and Policy at the University of Texas at Austin. As a child, Zach identified as a "poor kid" and never thought higher education was for him. His upbringing and winding path through community college and his bachelor's and master's degrees taught him lessons about money that he has carried into his life as a PhD student - for better and for worse. In this first half of the conversation, Zach shares the financial

In this episode, Emily interviews Mary Bugbee, a fourth-year PhD student in anthropology at the University of Connecticut. Mary tells the story of the grad student union at UConn, from its inception in 2013 to through the start of the second and current contract. Mary served on the bargaining committee for the second contract and gives her insights from the bargaining table into how the university views graduate student labor.