Teaching Personal Finance Illuminates the Opportunity Cost of a PhD

Teaching Personal Finance Illuminates the Opportunity Cost of a PhD

March 23, 2026 · 49 min · Season 23 · Episode 6

About this episode

Emily interviews Dr. Trevor Hedberg about how teaching personal finance has changed his perspective on finances during his PhD and postdoc.

In this episode, Emily interviews Dr. Trevor Hedberg, an assistant professor of practice at the University of Arizona who teaches a seminar on personal finance to undergrad students based on Morgan Housel's The Psychology of Money. Trevor is a repeat podcast guest, and he shares how teaching the course has made him think differently about finances during his PhD and postdoc, including the financial opportunity cost of grad school and lifetime wealth killers.

People in this episode

Host: Emily Roberts

Guest: Dr. Trevor Hedberg

Topics covered

Keywords

Mentioned in this episode

Organizations: University of Arizona

Books & works: The Psychology of Money

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