What if the skills you've spent years developing in academia are worth far more than you've been led to believe?

In this episode of Academics and Their Money, Neeka Miremadi sits down with Matt Goren, former psychology professor and current Chief Strategy Officer at Danko Education, to talk about the financial realities of academia, career transitions, and why academics often underestimate both their value and their earning potential.

Matt shares his journey from graduate school during the Great Recession to teaching at UC Berkeley and the University of Georgia before ultimately transitioning into the financial planning education industry. Along the way, he reflects on the hidden opportunity cost of spending years in graduate school, the financial wake up call that changed his entire approach to money, and how one career change ultimately doubled his income, then doubled it again.

More importantly, Matt explains why leaving academia doesn't mean abandoning your passion for education. Instead, it can mean finding new ways to teach, mentor, and make an impact while building greater financial security and flexibility.

We also explore why so many academics underestimate their transferable skills, how project management, critical thinking, and analytical problem solving are incredibly valuable outside the university, and why increasing your income is often one of the most effective ways to improve your financial future.

Whether you're committed to academia or wondering what opportunities exist beyond it, this conversation offers an encouraging reminder that your PhD is more than a credential. It's a skill set that can open far more doors than you might realize.

Say Hello to Matt: matt@brettdanko.com

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

Many academics dream about turning their expertise into something more, whether that means consulting, coaching, writing, speaking, creating courses, tutoring, or building a private practice. But moving from professor to business owner comes with a lot of financial questions: Do I actually have a business? Do I need an LLC? How do taxes work? What retirement accounts are available?

In this episode of Academics and Their Money, Neeka Miremadi and Inga Timmerman break down the financial basics academics need to know when starting a business on the side or transitioning into entrepreneurship.

They discuss the difference between a hobby and a business, why you do not need an LLC to be considered self employed, and what an LLC actually does (and does not do) for you. They also explain self employment taxes, quarterly estimated payments, business deductions, and the different ways businesses can be structured, including sole proprietorships, LLCs, and S Corps.

The conversation also covers overlooked opportunities for self employed academics, including SEP IRAs and solo 401(k)s, how to keep university employment and business activities separate, basic bookkeeping practices, and when it is worth bringing in outside experts like CPAs, attorneys, or financial planners.

Whether you are thinking about starting a side business, monetizing your expertise, or leaving academia altogether, this episode provides a practical roadmap for building a strong financial foundation as an academic entrepreneur.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

What if your sabbatical wasn’t about accomplishing more, but about creating the space you actually need to recover, reflect, and reconnect with your work?

In this episode of Academics and Their Money, we sit down with Bethany Wilinski, professor, researcher, and sabbatical coach, to talk about burnout, money mindset, and how academics can design sabbaticals that truly support the life they want to build.

Bethany shares her journey from elementary school teacher to professor at Michigan State University, including how her own experience with burnout after earning tenure changed the way she approached her sabbatical. Instead of pursuing the ambitious research plan she originally envisioned, Bethany realized she needed to ask a different question: What does she actually need from this time away?

That shift led her to create a sabbatical focused on rest, family, and renewal, including spending part of her sabbatical in Bordeaux, France with her family. After seeing how transformative that experience was, she created her sabbatical coaching business to help other academics plan intentional breaks that balance personal priorities with professional goals. 

We also talk about the financial side of academic life, including how Bethany’s perspective on money evolved, why academics often struggle to prioritize financial security, and how earning more money can coexist with wanting to make a meaningful impact.

Bethany shares practical advice for academics preparing for a sabbatical, including:

• Why trying to maximize productivity can lead to sabbatical regret
• How to set boundaries with colleagues, students, and service commitments
• Why rest can actually make you more effective in your career
• How to redefine what “productive” means during a sabbatical
• How to create intentional breaks even when a formal sabbatical is not available

Whether you are planning your own sabbatical, feeling burned out, or simply looking for ways to create more space in your academic career, this episode offers a thoughtful conversation about money, work, rest, and designing a life aligned with your values.

Learn more about Bethany here:

Website: https://bethanywilinski.com
Podcast: Sabbatical 101: https://bethanywilinski.com/sabbatical101/

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

What happens when a historian realizes the traditional academic path is no longer the right fit?

In this episode of Academics and Their Money, Neeka Miremadi and Inga Timmerman speak with career coach and entrepreneur Jennifer Polk about her journey from a “pre-K to PhD” academic path to building a business dedicated to helping PhDs find meaningful work beyond academia.

Jennifer reflects on earning a history PhD, navigating a challenging academic job market, and ultimately hiring her own career coach, a decision that helped shape the direction of her post academic career and led to the creation of From PhD to Life. She shares how this transition pushed her to develop a grounded, practical approach to money, one centered on understanding real living costs, consistently tracking spending, and making career decisions with clarity rather than fear.

The conversation explores what self employment actually looks like in practice, including income variability, lack of traditional benefits, retirement planning, and the realities of pricing one’s work. Jennifer also challenges common academic narratives around money, emphasizing that people with PhDs deserve to be paid fairly and do not need to apologize for valuing financial stability or success.

More broadly, this episode offers an honest look at career transitions beyond academia and speaks to anyone questioning their path, exploring self employment, or trying to build a healthier, more grounded relationship with money.

Jen's Website:

https://fromphdtolife.com/

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

“It’s not wrong to want more.” - Gertrude Nonterah

In this episode of Academics and Their Money, hosts Neeka Miremadi and Inga Timmerman sit down with Gertrude Nonterah, founder of The Bold PhD, to talk about career pivots, personal branding, wealth building, and the complicated relationship academia has with money.

Gertrude shares her journey from earning a PhD in microbiology and immunology to unexpectedly losing her postdoc position when her lab shut down. What followed was a difficult job search that forced her to rethink how academics present themselves outside the university system. She explains how learning to communicate her skills, build a personal brand, and transition from an academic CV to an industry resume completely changed her career trajectory.

The conversation also dives deep into money mindset in academia. Gertrude challenges the unspoken belief that pursuing money somehow makes academics “less virtuous,” arguing instead that financial stability, wealth building, and intellectual pursuits can coexist. As an immigrant who built everything from scratch, she shares why financial independence, investing, and creating opportunities for future generations matter deeply to her.

Neeka, Inga, and Gertrude also discuss:

• The opportunity cost of pursuing a PhD and postdoc
• Delayed earning power and investing timelines in academia
• Why many academics struggle to talk about themselves professionally
• The importance of starting to invest early, even with small amounts
• Personal branding and LinkedIn strategies for PhDs
• Entrepreneurship, lifestyle businesses, and redefining success
• How wealth can create freedom, flexibility, and legacy

Gertrude also shares practical financial advice she wishes she had learned sooner, including the power of compounding, fractional investing, and overcoming the belief that “I don’t have enough money to start.”

This episode is an honest, empowering conversation for academics navigating career uncertainty, financial anxiety, or the tension between intellectual passion and financial goals.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

“Most academics don't actually have a money problem. they either have a system problem, a behavioral problem, or a burnout problem.”

In this episode of Academics and Their Money, Inga Timmerman and Neeka Miremadi break down a curated set of personal finance ideas designed specifically for academics who are financially stable but still feel like something is missing. Rather than focusing on earning more or optimizing investments, the conversation centers on how money behavior, psychology, and life design shape financial well being.

They introduce a three part framework for thinking about money: building simple systems that reduce friction, learning how to actually use money in alignment with personal values, and preparing intentionally for retirement or major life transitions.

The first section explores how automation and simplicity outperform constant financial optimization. The core takeaway is that most people benefit more from “good enough” systems than from complex, manually managed financial setups. Automating savings, investing, and bills reduces cognitive load and helps ensure consistency over perfection.

The second section shifts into spending and value alignment. The conversation challenges the idea of endless saving and highlights the importance of using money to reduce stress, increase freedom, and build meaningful experiences while you are able to enjoy them. It also emphasizes that spending should reflect personal values, not social comparison or inherited habits.

The final section focuses on retirement and identity. Retirement is reframed as a lifestyle transition rather than a financial milestone, with emphasis on what life looks like after work ends. The discussion also explores how subconscious beliefs about money, often formed early in life, shape long term financial behavior and can either support or limit financial wellbeing.

They close by reinforcing that financial success is not just about accumulating wealth, but about having a system, understanding your behavior, and intentionally spending on what actually matters while maintaining the energy and clarity to enjoy it.

Books mentioned as part of our framework:

I Will Teach You to Be Rich — Ramit Sethi (with a grain of salt…not an endorsement of the author!)

The Psychology of Money — Morgan Housel

The Art of Spending Money — Morgan Housel

Die With Zero — Bill Perkins

How to Retire — Christine Benz

Mind Over Money — Brad Klontz and Ted Klontz

+ The Money Script Quiz Inga mentioned: https://www.bradklontz.com/moneyscriptstest

“Extra Credit” book:

Unraveling Faculty Burnout — Rebecca Pope-Ruark

+ We also interviewed Rebecca! Here’s the link to her amazing episode: https://attainablewealthfp.com/academia-wont-love-you-back-rebecca-pope-ruark-on-money-burnout-and-balance/

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

What happens when you follow your academic dream… without thinking about the financial reality?

In this episode, Neeka Miremadi and Inga Timmerman sit down with former professor turned entrepreneur Philippe Barr to unpack the hidden financial truths of pursuing a PhD and building a career in academia.

Philippe shares his journey from studying literature in Montreal to earning his PhD at NYU and landing a tenure-track role at UNC Chapel Hill, only to realize that academia wasn’t what he expected. From toxic department dynamics to a complete lack of financial education, his experience highlights a major gap in how academics are trained for real-world decision making.

One of the biggest takeaways? Academia often discourages conversations about money, leaving many PhDs underprepared to negotiate salaries, evaluate opportunities, or even understand their own market value.

Philippe opens up about:

• The financial stress of pursuing a PhD in an expensive city
• Why academics are rarely taught to think about money or career ROI
• How he unknowingly lowballed his own salary offer
• The myth that academia is purely “vocational” and not a business
• Why adopting an entrepreneurial mindset can change everything

After leaving academia, Philippe leveraged his experience to build The Admit Lab, where he now helps PhD applicants and students navigate admissions, program selection, and career strategy, both inside and outside academia.

This conversation is a must-listen for anyone considering a PhD, currently in one, or advising students, especially if you want to avoid costly mistakes and make more informed, empowered decisions.

At its core, this episode is about awareness, ownership, and understanding that passion and practicality are not mutually exclusive.

_________________________________________________________________________________

Dr. Philippe Barr is a former professor and graduate admissions committee member who now runs The Admit Lab, a graduate admissions consulting firm focused on helping applicants gain admission to top PhD, master’s, and MBA programs. His work emphasizes how admissions committees actually evaluate candidates, with a focus on reducing risk, demonstrating fit, and building compelling application narratives.

He shares practical insights and strategy on his YouTube channel, where he breaks down graduate admissions with a clear, insider perspective:

https://www.youtube.com/@TheAdmitLab

Learn more about his work and services here:

https://admit-lab.com/

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, Paulina Cossette shares her journey from political science professor to successful business owner and coach for academics seeking life beyond academia.

Raised by a single mother with financial instability, Paulina pursued higher education believing academia would provide long-term security. Instead, she discovered a reality many academics face: limited salary growth, geographic constraints, and a workload that often spills into nights and weekends. After years of burnout, especially following the birth of her son, she made the difficult decision to leave academia in 2019.

Paulina began freelancing as an academic copy editor, eventually scaling her business to six figures by learning how to market herself and attract private clients. Along the way, her mindset around money evolved significantly, from scarcity-driven frugality to understanding the value of investing in herself, her business, and her time.

Now, she helps other academics transition into entrepreneurship through coaching and her program, Becoming an Academic Editor. She shares candid advice for those considering leaving academia, emphasizing the importance of exploring options, seeking guidance, and defining what you want your life to look like before deciding on your next career move.

This episode dives into the financial realities of academia, the emotional weight of burnout, and the practical steps to build a more flexible, fulfilling, and financially scalable career outside traditional academic paths.

Paulina created her program, Becoming an Academic Editor or Coach, because she believes that every educator deserves to have the life they were promised—one with a flexible schedule, a comfortable income, and the ability to do the work we love. You can connect with Paulina on LinkedIn or get access to her podcast at AcadiaEditing.com/BecomeAnEditor.

Paulina S. Cossette, PhD

Acadia Editing Services | Schedule a call

I help academics build flexible, fulfilling businesses using their existing training and expertise.

LinkedIn | Facebook | Instagram

Fed up with burnout? Join 100+ scholars in Becoming an Academic Editor or Coach

Curious about turning your academic skills into a profitable business? Get my free workbook, Map Your Academic Business

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

Money stress isn’t always loud or obvious. More often, it shows up as a constant, quiet hum in the background of our daily lives.

In this Financial Therapy Month episode of Academics and Their Money, hosts Neeka Miremadi and Inga Timmerman sit down with returning guest Oliver Schnusenberg to unpack what money stress actually looks like, and why even financially stable, responsible people still feel anxious about money.

Oliver breaks down three common “money stress profiles”:
• the avoider
• the over-controller
• the people-pleaser

Each represents a learned, protective response rooted in past experiences, not a lack of discipline or knowledge.

The conversation explores the neuroscience behind these behaviors, explaining how our nervous system often overrides logic when money feels tied to survival, control, or belonging.

Through a candid, real-time coaching moment with Neeka, the episode brings these concepts to life, highlighting how over-control and scarcity thinking can show up even when you’re objectively “doing everything right.”

The key takeaway: knowing what to do with money isn’t the same as being able to do it.

Listeners will walk away with practical tools to reduce reactivity, including grounding techniques, small-step exposure strategies, and a powerful reframe:
Instead of asking, “What should I do with my money?”, ask, “What do I want this money to support about the kind of person I want to be?”

This episode is a must-listen for anyone who’s ever felt behind, anxious, or stuck in their financial habits, even when the numbers say they’re doing just fine.

Episode referenced by Inga and Neeka:
https://podcasts.apple.com/us/podcast/less-hustle-more-intention/id1824876017?i=1000747695500

Oliver’s website:
https://www.equilibriaevolution.com

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

“Shame is the enemy of change. We can’t shame ourselves into better financial behavior.”
— Nate Astle

In this episode of Academics and Their Money, Neeka Miremadi and Inga Timmerman talk with financial therapist Nate Astle about the emotional side of personal finance and why our financial habits are often shaped long before adulthood.

Nate explains how childhood experiences, family dynamics, and cultural influences shape the way we think about spending, saving, and financial security. The conversation focuses especially on relationships, where many financial conflicts are actually about deeper issues like autonomy, respect, and feeling heard.

They also discuss the powerful role shame plays in financial decision making, and why replacing judgment with curiosity can help people make healthier financial choices.

Finally, Nate shares practical tools couples can use to communicate about money, reduce conflict, and build a more collaborative approach to managing finances.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

“You do not go for a PhD unless they pay you for it.”

In this solo episode of Academics and Their Money, Inga Timmerman shares a comprehensive decision framework for choosing a PhD program, emphasizing that applicants are not just choosing a school, but a long term mentorship, lifestyle, and career trajectory.

She outlines four core pillars every prospective PhD student should evaluate:

1. Advisor relationship (your day to day experience and career positioning)
2. Department culture (supportive environment vs survival mentality)
3. Funding model (guaranteed, transparent financial support)
4. Labor market outcomes (actual job placement after graduation)

Before evaluating programs, she urges listeners to clarify their primary goal for pursuing a PhD, whether that is becoming a research professor, gaining deep industry expertise, or pursuing personal fulfillment. Misalignment between goals and program choice is a major source of regret.

The episode walks through practical ways to assess advisor fit, identify red flags in program culture, evaluate training quality, and analyze real placement data instead of relying on rankings. Timmerman also explains how expectations differ across major types of PhD programs, including lab based sciences, writing heavy humanities, quantitative fields, and professionally oriented doctorates.

A major theme throughout the episode is financial realism. Listeners are guided through how to evaluate compensation packages, cost of living, funding reliability, and opportunity cost, along with the long term return on investment of a PhD. She also challenges the common assumption that prestige should drive decision making, arguing that program fit and funding often matter far more for long term success and wellbeing.

The episode closes with clear red flags and green flags to help applicants identify programs where they are most likely to thrive, finish on time, and achieve the career outcomes they actually want.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, Neeka flips the script and interviews co-host Inga about her journey from Eastern Europe to academia, financial planning, and entrepreneurship.

Inga shares how growing up in a financially stressful household shaped her lifelong relationship with money, pushing her toward control, structure, and eventually a career helping others manage their finances. She walks through her unconventional academic path, from triple major undergrad to corporate finance, teaching, and a highly strategic approach to earning a PhD in finance during the financial crisis.

The conversation explores the realities of academia versus real world finance, how financial mindset evolves over time, and what it actually takes to build financial peace, not just wealth. Inga reflects on major life decisions, including paying off a house for emotional reasons rather than pure optimization, learning to spend without guilt, and finding balance between saving and living.

They also discuss practical advice for early career academics, why financial organization matters long before you feel “rich enough,” and how getting professional guidance early can dramatically shape long term outcomes.

This episode is part career story, part money mindset evolution, and part practical guide to building financial confidence at every stage of life.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, Neeka Miremadi and Inga Timmerman sit down with Izidin El Kalak, associate professor of finance at Al Faisal University in Riyadh, for a deeply insightful conversation about money, academia, and global career mobility.

Izidin shares his non linear journey into academia, from growing up between Bulgaria and Syria, to working in Qatar to fund graduate school, to completing a PhD in the UK and eventually relocating to Saudi Arabia. Along the way, he reflects on how his relationship with money evolved from necessity, to stability, and ultimately to optionality and freedom.

The conversation explores practical money lessons learned early in life, including budgeting as a child, the missed opportunity of investing sooner, and the power of compounding. Izidin also offers candid insight into academic pay structures, the financial realities of the UK system post Brexit, and how compensation and benefits work differently in the Middle East.

The episode dives into important but often overlooked topics in academia, including salary negotiation, pension planning for expats, misconceptions around prestige and pay, and why moving to a seemingly lower ranked institution can actually be a smart financial decision.

Izidin closes by reflecting on why he would still choose academia even with unlimited financial security, emphasizing the value of research freedom, intellectual curiosity, and mentorship, along with a lighthearted discussion of recent purchases, including a VR headset win and the universal regret of buying slime.

This episode is a must listen for PhDs, academics, and anyone considering an international move or rethinking how money fits into a meaningful career.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, hosts Neeka Miremadi and Inga Timmerman sit down with Oliver Schnusenberg, Professor of Finance at the University of North Florida, to explore a career path that has taken more turns than most academic CVs could handle.

Oliver shares how a German upbringing, an early interest in hospitality, and a family full of accountants somehow led him to a PhD in finance, a pioneering course in behavioral finance, and eventually a second act studying neuroscience and mental health. What began as curiosity about why people make irrational financial decisions has evolved into a passion for financial therapy and helping people untangle the emotions behind their money choices.

The conversation dives into the realities of academic life, including how disconnected research can feel from the “outside world,” the slow creep of lifestyle inflation, and why professors often struggle to implement their own financial advice. Oliver explains the three pillars of financial therapy, how attachment styles show up in money conversations, and why CFPs may need more psychology than spreadsheets.

He also reflects candidly on his own financial mindset, his discomfort with debt, and what it means to define “enough” after decades in academia. From hating a car purchase to questioning the purpose of academic research, Oliver brings humor, humility, and a refreshingly honest perspective on what it means to build a meaningful life with money instead of for it.

A thoughtful, funny, and unexpectedly personal conversation for anyone who has ever wondered whether the numbers tell the whole story.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, Neeka Miremadi and Inga Timmerman sit down with Roxy Pebdani to explore what it really looks like to build an academic career across borders, systems, and life stages, while keeping money, equity, and values in view.

Roxy shares her personal and professional journey as the child of Iranian immigrants, growing up as a third culture kid, studying and working across the US, and ultimately relocating her family to Sydney, Australia, with two very young children. She reflects on the realities of academic mobility, the financial and emotional tradeoffs of living in one of the most expensive cities in the world, and why some decisions that are not financially optimal can still be deeply right for quality of life and family well being.

The conversation dives into budgeting habits, long term thinking around money, and how Roxy’s relationship with spending evolved over time, particularly around sustainability, durability, and value versus simply choosing the cheapest option. She also compares the US and Australian academic systems in detail, explaining differences in promotion structures, leadership roles, union protections, salary norms, and negotiation practices.

Roxy offers an inside look at Australia’s superannuation retirement system and contrasts it with US retirement saving challenges, highlighting how structural differences can dramatically change long term financial outcomes for academics. She also discusses gender equity in academia, imposter syndrome, career progression, and the importance of mentorship, especially for women and underrepresented groups.

Finally, Roxy reflects on why she would still choose academia even with unlimited financial means, emphasizing her passion for leadership, equity work, and creating systems where academics feel supported, celebrated, and able to thrive. The episode closes with practical advice for academics applying for jobs internationally, stressing the importance of tailoring application materials to country specific expectations.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this international edition of Academics and Their Money, Inga Timmerman and Neeka Miremadi sit down with Elena Hoffer, a German scientist living in Sweden who completed her PhD in immunology at the Karolinska Institute. Elena shares her journey from academic research to entrepreneurship and explains why she ultimately stepped away from the professor track.

Elena opens up about her early discomfort around money, why academics often undervalue themselves, and how she rebuilt her mindset by recognizing the real outcomes her work creates. She now co runs a job accelerator program helping PhDs, postdocs, and professors transition into industry roles. Their model centers on an initiation fee plus a success fee, and she talks candidly about why charging for expertise felt strange at first and how she grew into it once she saw the impact.

We talk about the enormous salary gap between what academics expect and what their skills are actually worth in industry. Elena explains how many clients end up earning roughly fifty percent more than they thought possible and why raising your income can be the most powerful financial strategy.

Elena also discusses money habits she wishes she had adopted earlier, especially investing small amounts consistently. Coming from a conservative financial culture, she had to overcome fears around ETFs and long term investing, and she encourages younger academics to start early to build the habit.

Finally, Elena walks us through what academic training and career placement look like across Europe and how social systems, salaries, and cost structures differ from the United States. She shares openly about the loneliness she felt in the lab, the limited stability she observed in postdoc paths, and the conscious choice she made to build a more fulfilling and financially stable career outside academia.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, hosts Neeka Miremadi and Inga Timmerman sit down with Philip Gibson professor of finance, associate dean at Winthrop University, and founder of ElationWealth LLC to explore money mindsets, academic career strategy, and teaching the next generation about finances.

Philip begins by sharing how his early experiences in Jamaica shaped a scarcity mindset that later evolved into intentional planning, education, and goal setting. He highlights the power of mentors, explaining how key guidance early on propelled him toward a PhD and a dual-path career in academia and financial planning.

The conversation covers:

• Why money should always be tied to purpose and quality of life.
• The emotional side of money, including fear, generosity, and stewardship.
• What he wishes he had done earlier (hint: it involves investing at 19).
• How academics can strategically navigate promotion, tenure, and deciding between research, teaching, and administration.
• Why time management and boundaries are critical to preventing burnout.
• The lessons he’s passing to his young children about saving, earning, confidence, and the joy of being “uncomfortable but resilient.”

Philip also walks through his path from assistant professor to associate, to full professor, and into administration, emphasizing the importance of reading your faculty manual, understanding institutional policies, and aligning your decisions with both your strengths and long-term happiness.

Practical, warm, and full of lived wisdom, this episode blends financial insight with real talk about academic life, career choices, and the realities of balancing work, family, and purpose.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, hosts Neeka Miremadi and Inga Timmerman sit down with Nik Volkov, Associate Professor of Finance at Mercer University, to trace his path into academia and the money lessons learned along the way.

Nik shares how a frugal upbringing shaped his financial discipline, the mindset shift that came from a single conversation about income versus expenses, and why he believes academics often underestimate their capacity to earn. The discussion dives deep into academic pay stagnation, side-income opportunities, and career strategy for young PhDs, including why loyalty in academia doesn’t pay and how to protect your financial growth without sacrificing purpose.

Nik also opens up about his thriving expert witness practice, the economics of academia, and his belief that professors are fairly compensated but often fail to fully capitalize on their freedom and flexibility. He closes with candid reflections on merit-based pay, financial independence, and the joy he still finds in the classroom.

A conversation packed with practical insights, humor, and hard-earned wisdom for anyone navigating the academic money maze.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, hosts Neeka Miremadi and Inga Timmerman talk with Pieter De Jong, who shares his unconventional journey from physical therapist to finance professor. Pieter reflects on growing up poor in the Netherlands, moving to the U.S. with nothing, and pursuing an MBA and PhD while raising a family, all driven by a deep desire for freedom and security.

He discusses what money has meant to him (“freedom, not happiness”), the lessons he learned about investing, and what shocked him most about academia. From navigating politics and inefficiency in faculty meetings to learning how to negotiate for research resources instead of salary, Pieter’s insights are both blunt and refreshingly candid.

The conversation also dives into emotional realities: retirement, identity, and what truly matters beyond professional success. As Pieter puts it, the goal isn’t to be remembered as a great professor but as “a good father and a good husband.”

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

“Clarity often follows action. You don’t really know what you like until you try it.” — Ashley Ruba

In this episode of Academics and Their Money, hosts Inga Timmerman and Neeka Miremadi talk with Ashley Ruba. After getting a PhD in developmental psychology, she left academia to pursue a career in user experience (UX) research and now works full time at Meta while running her own consulting business for those wanting to transition out of academia.

Ashley shares her candid journey from PhD student to postdoc to industry researcher, reflecting on the financial and personal opportunity costs of academia, including years of lost investing potential and unlivable stipends. She discusses the moment she realized she was “done” with academia, the toxicity she witnessed, and the freedom she has found in industry and entrepreneurship, both financially and personally.

The conversation dives deep into career transitions, financial realities, and risk tolerance, especially for academics debating whether to move to industry or start their own business. Ashley offers practical advice on pivoting intentionally, networking strategically, and managing the financial ups and downs of entrepreneurship. Her story highlights that leaving academia is not “giving up,” it is often a way to reclaim control, flexibility, and financial stability.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, Neeka Miremadi and Inga Timmerman sit down with Emily Roberts, founder of Personal Finance for PhDs. Emily shares her journey from pursuing a PhD in biomedical engineering at Duke to building a career as a financial educator for graduate students and postdocs.

She opens up about how saving during grad school gave her the freedom to take career risks, why adopting an “emerging professional” mindset (instead of a perpetual student identity) is crucial for both finances and wellbeing, and how academics can avoid under-earning by negotiating and reaching for more.

From practical tips on budgeting, saving, and avoiding lifestyle traps, to insights on university financial wellness resources, side hustles, and the power of negotiation, Emily offers graduate students and postdocs a roadmap for building financial security and freedom during their training years and beyond.

About Emily:

Dr. Emily Roberts is a personal finance educator specializing in early-career PhDs. Through her business, Personal Finance for PhDs, she equips graduate students and postdocs to make the most of their money. She gives seminars at universities and for associations; interviews graduate students and PhDs on her podcast; creates courses and workshops on taxes, investing, and more; and coaches individuals. Emily holds a PhD in biomedical engineering from Duke University and lives in San Diego with her husband and two children. Visit PFforPhDs.com/podcast/ to listen to or read transcripts of the 250+ episodes of the Personal Finance for PhDs podcast.

Negotiation episode link: https://pfforphds.com/how-to-negotiate-your-salary-post-phd/

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

It’s not a set-it-and-forget-it type thing, annual enrollment is the one time each year to really make sure your benefits still fit your life.

In this episode of Academics and Their Money, Neeka Miremadi and Inga Timmerman break down the key considerations for annual enrollment season. Too often, employees let benefits roll over without reviewing whether their coverage still meets their needs. Neeka and Inga walk through the major benefit categories: medical, life insurance, dental and vision, FSAs and HSAs, and disability insurance, highlighting what to look out for, common pitfalls, and why it pays to revisit your options each year.

They cover:

• Choosing between PPOs, HMOs, and high-deductible plans (and why family needs should guide your decision).
• What to know about basic life vs. supplemental life insurance.
• The differences between FSAs and HSAs.
• Why long-term disability coverage is one benefit you don’t want to skip considering.
• Lesser-known perks like stipends for waiving employer insurance or supplemental critical illness coverage.

If you’ve ever felt overwhelmed by enrollment season, this episode offers a clear, practical framework to make confident decisions for you and your family.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

“We imagine professors in leather chairs thinking big thoughts, but the reality is—it’s a workplace that won’t love you back if you’re not producing.”

In this episode of Academics and Their Money, Neeka Miremadi and Inga Timmerman sit down with Rebecca Pope-Ruark, Director of Faculty Professional Development at Georgia Tech, author of Agile Faculty and Unraveling Faculty Burnout. Rebecca opens up about her own journey through academia from financial stress and student loan regret, to finding stability through consulting work and charging her worth.

She shares candid reflections on:

· Growing up without financial literacy and how that shaped her early money decisions

· The reality of student loans, credit card debt, and the long tail of financial stress

· Learning to price her expertise fairly and the impact it had on her family’s financial stability

· Gender disparities in higher education pay and the cultural barriers around negotiation

· The importance of balancing survival, saving for the future, and enjoying life now

Rebecca also offers thoughtful advice for early-career academics, especially women, on managing money, seeking guidance, and recognizing that higher education is an industry with its own inequities and pressures.

If you’ve ever wondered how academics navigate money, career decisions, and burnout in the same breath, this conversation is both validating and eye-opening.

More about Rebecca:

Rebecca Pope-Ruark, PhD, ACC is a faculty developer and certified coach who works with higher ed professionals on topics of faculty burnout, career development, compassionate leadership, and the day-to-day challenges and opportunities of being a faculty member or leader. She does workshops with institutions around the country around burnout, vitality, and compassionate leadership and is the author and editor of multiple books including 2025's Of Many Minds: Neurodiversity and Mental Health among University Faculty and Staff (Johns Hopkins) and 2022's Unraveling Faculty Burnout: Pathways to Reckoning and Renewal (Johns Hopkins). Learn more about her work and connect with her via her website www.higheredburnout.com.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

"Money is not a piece of paper in your purse. It's your life. It's your youth. It's your precious hours that you gave away to earn that money. Spend it wisely."

What if money isn’t just currency but the very time and energy of your life, especially when you’re navigating the unique challenges of an academic career?

Sam Hosseini, a biomedical engineering professor turned entrepreneur, shares how reframing money as a tool for freedom and choice reshaped her journey from tenure-track academia to building her own impactful business supporting scholars worldwide.

In this episode, we discuss:

·       The realities of academic pay and the courage it takes to ask for more

·       How saying no to a “dream” faculty role opened doors to new opportunities

·       The self-education habits and entrepreneurial mindset that became her competitive edge

·       Why investing in herself felt daunting and why she’d do it again without hesitation

We also explore:
📍 Redefining financial security beyond faculty salaries and grants
📚 Money mindset shifts that make negotiating, career pivots, and life choices easier

🎧 If you’re an academic curious about how to take control of your financial life and career path, this episode is for you. Listen wherever you enjoy your podcasts!

More about Sam:

Dr. Samira Hosseini is the founder of the Autonomous Academic Accelerator, a program that helps ambitious academics go from struggling with publishing papers in top journals, limited visibility, and poor citation records to building a solid research trajectory and high H-index, gaining recognition and reputation, and positioning themselves as authorities in their disciplines.

See the program here: www.samirahosseini.com 

Sam's mentor's program is called the Authority Accelerator. Here’s Sam's referral link, in case you're interested in joining:

https://authorityio.referralrock.com/l/SAMIRAHOSS74/

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

What happens when your first raise kicks you off state healthcare? Tanya Golash-Boza learned the hard way that more money doesn’t always mean more breathing room.

In this episode, we talk with Tanya about the financial wake-up calls that shaped her academic career—from losing food stamps after a small negotiation win, to realizing that a $10,000 fellowship wasn’t “extra” money, but part of a bigger budgeting lesson.

She shares how one offhand comment from a colleague led her to start saving for her kids’ college with just $50 a month—and how those small steps paid off. We also get into the mindset shift that helped her go from scared to ask for $10K to confidently negotiating a $50K increase for a leadership role.

Other points of interest: how location shaped her career decisions more than money or prestige, why most trade books don’t actually pay, and what she’d do if money were no object.

If you’ve ever thought “I should be able to afford this—I have a PhD,” this one’s for you.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

“Get the Bag, Not Just the Title” — Ramon Goings

What would you do differently if you could start your academic career over? Ramon Goings has a few answers—and he’s not holding back. In this episode, we chat with the founder of Done Dissertation about the biggest financial lessons he’s learned as a professor, business owner, and scholar.

Ramon explains why your first academic job offer sets the tone for your financial future, and why prestige should come after pay. He shares how he leveraged grant structures, salary negotiations and outsourcing to build long-term wealth.

Other gems: what early-career faculty often overlook in contracts and why universities need to rethink how they pay their staff—if they want anyone to stay.

Plus, if you're working on your dissertation, Ramon has a free writing training that might just change your life.

• Free training: thedondissertation.com/elevate
• Text “#elevate” to 301-701-2466
• YouTube: Goings on the Record

Connect with Done Dissertation

Website: www.thedonedissertation.com

Email: contact@thedonedissertation.com

LinkedIn:https://www.linkedin.com/company/donedissertation

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this second installment of our two-part series on workplace retirement plans, host Neeka Miremadi helps academics navigate the next step after choosing between plan types—evaluating the investments within those plans. Whether you're comparing 403(b) and 457 plans or just want to make better use of your current retirement account, this episode walks you through how to assess fund quality, fees, and provider options like a PhD (without making a 10-page report like Inga did).

Neeka breaks down key concepts like expense ratios, target date funds, and asset class diversification, and shares real-world examples of how investment menus can vary widely across providers—even when the funds appear similar. She also touches on how to supplement weaker plans with IRAs and why provider reputation and fee transparency really matter.

If you're making retirement plan decisions at work—or reviewing the ones you've already made—this episode gives you a clear, practical framework for evaluating your options with confidence.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

Starting a new academic job? One of the biggest—and most overwhelming—financial decisions you'll face is choosing a workplace retirement plan. In this episode of Academics and Their Money, Neeka Miremadi walks you through a clear, approachable framework to help you understand your options and make a confident choice.

This is Part 1 of a two-part series on workplace investing. Today’s focus: how to choose which type of plan to enroll in, such as a pension vs. an investment-based plan, and how to think through contribution options like pre-tax vs. Roth.

We cover:

• The difference between defined benefit (DB) pensions and defined contribution (DC) plans
• When a 403(b), 457(b), or 401(k) might be a good fit
• Contribution strategies
• Pre-tax vs. Roth contributions—and why having both can offer flexibility in retirement
• The unique features and flexibility of 457(b) plans

Neeka also shares real-life examples from co-host Inga’s career to help ground abstract concepts in practical scenarios. Whether you’re risk-averse, mobile, or just trying to make sense of your options, this episode will give you the clarity and confidence to take your first step.

Stay tuned for Part 2, where we’ll dive into choosing a provider and navigating investment options inside your plan.

Resources Mentioned in Episode:

Our Website: www.attainablewealthfp.com

XYPN Find an Advisor: https://advice.xyplanningnetwork.com/

👉 Follow us so you never miss an episode

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, we talk with Janine Sam—a former professor turned financial planner—about her transition from academia to industry, and all the financial lessons she picked up along the way. Janine opens up about the realities of academic workload, the myth of flexibility in higher ed, and what ultimately drove her to pivot careers.

We also dive into:

• What it’s like to teach and live abroad (including tax surprises!)
• Her experience negotiating salaries in both academia and industry
• How she weighed the cost of a PhD against her future earnings
• The role of mentorship in making career and financial decisions
• Her best and worst recent purchases (spoiler: toddler shoes and better coffee)

Janine’s story is a great listen for anyone wondering whether to stay in academia, make a shift, or just be more intentional about how money fits into their career choices.

👉 Learn more about Inga and I at attainablewealthfp.com

👉 Follow us so you never miss an episode

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, we’re joined by Melisa Galvan—professor, textbook author, and all-around academic powerhouse—to talk about what she wishes she'd known before starting her academic career. From the high-stakes stress of negotiating as a new PhD, to managing a 4–4 teaching load in Los Angeles, Melisa shares the financial trade-offs she’s navigated in pursuit of a life in higher ed. 

We discuss the tension between financial survival and professional growth, the dangers of putting your personal life on hold for professional milestones, and why retirement planning should start long before you land a tenure-track job. 

She also shares her favorite way to spend money (it involves summer camps and sanity), how textbook writing is an underrated source of passive income, and the limits of institutional support.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, we sit down with Shannah Game—host of Everyone's Talking Money and author of Unraveling Your Relationship with Money—to explore the often-overlooked emotional side of finances. We dive into the challenges of adjunct teaching, misconceptions about academic salaries, and the mental baggage many of us carry about money. Shannah shares exercises to help reframe your money mindset, including how to practice financial forgiveness and ask the right questions about your money habits. She even gave us some “homework” to do and dig into our relationship with money!

Here’s your homework: Ever wonder why it's so hard to stick to a budget—or even make one? According to Shannah Game, personal finance expert and podcast host, it's rarely about the numbers. It's about your relationship with money. In our recent episode, Shannah shared two quick mindset exercises anyone can do to start shifting their financial narrative:

1. Ask yourself: How do I feel about money? Then keep asking "Why?" until you hit the root.
2. Try Financial Forgiveness: Write down all your money mistakes, let it all out. Then shred the paper and start fresh.

_____________________________________________________________

Connect with Shannah

Book: Unraveling Your Relationship with Money – Link: https://everyonestalkinmoney.com/book/

Podcast: Everyone’s Talkin’ Money – Link: https://everyonestalkinmoney.com

Socials: @shannahgame

Free Bank Account Therapy: https://shannah-game-df3a.mykajabi.com/offers/M3Rz5w5L/checkout

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this deeply honest and empowering episode of Academics and Their Money, we’re joined by Nicole Pulliam—tenured professor, certified coach, and unapologetic truth-teller—as she shares her unexpected journey through academia, the power of belief, and the real talk no one gives you about money in higher ed.

Nicole opens up about what it felt like to pursue a PhD she never imagined for herself, the joy and constraints of life as a professor, and why her gratitude for the academic world now comes with a healthy dose of skepticism. She discusses the “golden handcuffs” of tenure, the dismal financial rewards tied to academic promotions, and the quiet pressure many faculty feel to stay in roles that no longer serve them.

We also explore her entrepreneurial pivot into coaching—what led her there, how she built her business on the side, and why monetizing your skills outside of the academy isn't just possible, it's necessary. Nicole shares insights into supporting women and faculty of color navigating predominantly white institutions, and how building community and expanding out, not just up, has transformed her professional life.

Plus, we wrap with a fun money moment—what she’s most proud of spending money on (spoiler: it’s for her son), and her most regretful expense (yep, it involves DoorDash).

If you've ever felt stuck between gratitude and wanting more, this conversation will speak directly to you.

💼 Connect with Nicole Pulliam and learn more about her coaching work:
Website: www.realandworthyllc.com
Instagram: @realandworthyllc | @nicolepulliamphd
LinkedIn: linkedin.com/in/nicolepulliamphd

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, Neeka Miremadi and Inga Timmerman interview Jasmine Cobb about her insights on navigating academia while managing finances. They discuss how early-career academics can set themselves up for financial success & personal happiness, with Jasmine sharing how she wished she'd maximized retirement contributions and stayed true to personal passions amidst the pressures of tenure. The conversation delves into the taboo surrounding money in academia, the importance of salary transparency, and the growing acceptance of side gigs for professors. Jasmine also shares how she teaches her kids to separate labor from money, helping them learn that their health and well-being are more important than a paycheck. This episode is packed with valuable advice for academics at all stages of their careers, offering fresh perspectives on balancing professional success, financial security, and personal fulfillment.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

This episode of Academics and Their Money explores the intersection of money, culture, and academia through the experiences of Zeina Salame. Raised by immigrant parents with a strong emphasis on financial security, Zeina shares how cultural expectations shaped her career path and relationship with money. Despite earning a PhD in theater and securing a tenure-track position, she still grapples with financial anxiety, risk aversion, and the challenges of navigating academia’s limited compensation.

The discussion highlights key themes such as financial literacy gaps, the emotional weight of money decisions, the importance of mentorship, and the hidden financial resources available in academia. Zeina’s story offers a candid look at the struggles and strategies of making a passion-driven career financially sustainable.

Takeaways

·      Zeina's journey reflects the challenges faced by many in academia.

·      Financial literacy is often influenced by one's upbringing and background.

·      Fear and anxiety around finances can hinder decision-making.

·      Setting up separate accounts can help manage savings effectively.

·      Rejection can lead to unexpected opportunities for growth.

·      Understanding funding opportunities is crucial for academic success.

·      Mentorship can provide valuable insights into financial management.

·      Salary negotiation is often a daunting but necessary process.

·      Side hustles can supplement income and utilize existing skills.

·      Making informed purchasing decisions can lead to better financial health.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode, Neeka Miremadi breaks down the complexities of taxes for professors, for those new to academia or continuing. She covers essential tax concepts, including how W-2 income differs from self-employment income, the importance of understanding calendar-year taxation, and how additional consulting or freelance work impacts tax obligations. Neeka also highlights common tax pitfalls, such as under-withholding for those with multiple income sources or married professors filing jointly. She provides actionable steps to help listeners assess their income sources from the previous year and prepare for tax season with clarity and confidence. While not offering tax advice, she emphasizes the importance of planning and seeking professional help when needed.

Takeaways

·      Taxes are complex but manageable with the right knowledge.

·      W-2 income does not allow for write-offs.

·      Keep track of additional income for accurate tax filing.

·      Consulting work may require estimated tax payments.

·      Married professors need to coordinate tax strategies.

·      Understanding your tax bracket is crucial for planning.

·      Use previous years' income to inform current tax strategies.

·      Seek professional help if tax situations become overwhelming.

·      Stay informed about IRS deadlines and requirements.

·      Financial clarity leads to better tax outcomes.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

In this episode of Academics and Their Money, hosts Neeka Miremadi and Inga Timmerman interview Aline Silva, who shares her transition from academia to industry. Originally from Brazil, Aline entered academia after struggling to find a stable career during the 2008 financial crisis. She reflects on how her financial mindset evolved, noting the peace she found through smart decisions like contributing to a 401k. Aline also discusses leaving her PhD program in marketing, where she felt disconnected from her research interests, and how it ultimately aligned with her personal and family goals. She contrasts the realities of academia with her expectations and highlights the similarities between academia and industry, especially in navigating people and organizational dynamics. This episode offers insights into career transitions and aligning professional choices with personal values.

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

Episode Overview:
In this episode of Academics and Their Money, Inga Timmerman breaks down the financial and career considerations that academics should keep in mind when evaluating job offers. Whether it’s your first job or your fourth, making informed decisions can set you up for long-term financial success. Inga shares insights from years of experience negotiating with professors across the country, highlighting key factors that impact your financial well-being. 

Key Topics Covered:

✔ Long-Term Career Opportunities:

• Consider how a job will position you for future opportunities.
• Weigh short-term benefits against long-term career flexibility.

✔ Location Matters:

• Housing costs and state/local taxes significantly impact take-home pay.
• Tools like the SmartAsset Tax Calculator can help compare salaries across locations.

✔ Negotiation Strategies:

• The best time to negotiate is before accepting the job.
• Everything is negotiable – from salary and summer support to housing and research funds.

✔ Outside Employment Policies:

• Some institutions allow (or even expect) side work, while others have strict policies.
• If consulting or coaching is part of your career goals, research policies in advance.

✔ Evaluating Benefits:

• Retirement plans, pensions, and health insurance can vary widely.
• Factor in benefits when comparing job offers, not just salary figures.

✔ Housing Considerations:

• Should you buy or rent? It depends on your long-term plans and financial flexibility.
• Weigh potential resale value and rental opportunities before purchasing a home.

✔ Spousal and Family Considerations:

• If your partner also needs employment, consider job availability in your potential new location.
• Universities may hesitate to extend offers if relocation isn’t feasible for both partners.

✔ Daily Expenses & Lifestyle Creep:

• Moving is a great time to reassess spending habits.
• Small adjustments (like canceling unused subscriptions) can lead to significant savings.

✔ Public vs. Private Institutions:

• Private universities often pay more, but public institutions may offer better pensions and benefits.
• Consider which system aligns better with your financial and career goals.

✔ Retirement Planning & Phased Retirement:

• Some schools offer part-time or phased retirement options.
• Planning ahead can help ease the transition and maintain financial stability.

Homework Assignment:

💡 Review your expenses!

• Use an app like Monarch or simply review bank statements manually.
• Identify and cut at least one unnecessary expense this month.
• Small changes now can lead to better financial security down the line.

Resources Mentioned:

🔹 SmartAsset Tax Calculator – Compare take-home pay by location
🔹 Monarch Money – Personal finance tracking app

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

Financial planning isn’t just about numbers—it’s about designing a career and life that bring you fulfillment. In this episode of Academics and Their Money, Inga Timmerman explores the key financial and career decisions academics face, from choosing the right location to navigating tenure. She breaks down how defining your financial needs can lead to greater happiness and career satisfaction. Along the way, she shares actionable insights on skill assessment, strategic planning, and the essential questions academics should ask when reevaluating their paths. Tune in for an episode packed with practical advice to help you take control of your financial future and career trajectory. 

Takeaways

• Financial planning is essential for a fulfilling life.
• Location flexibility can significantly impact career choices.
• It's okay to reconsider the desire to remain in academia.
• Understanding your job desires is crucial for career decisions.
• Defining your financial needs is key to happiness.
• Identifying what you enjoy in your job can guide transitions.
• Skills outside of academia can provide alternative income sources.
• Establishing a 'happy number' helps in financial planning.
• Career satisfaction should be assessed regularly.
• Taking small steps can lead to significant career changes.

00:00
Introduction to Financial Planning for Academics

02:31
Navigating Life and Career Questions

06:02
Assessing Academic Career Aspirations

10:24
Understanding Financial Needs and Happiness

14:45
Homework: Defining Your Financial Numbers

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.

Welcome to Academics and Their Money, the podcast where we dive into the unique financial challenges and opportunities academics face. Whether it’s navigating salaries, investing, financial planning, or career decisions, we explore how money shapes life in academia. Join us as we bring you insightful conversations, expert advice, and real stories to help you make informed financial choices and build a more secure future. 

If you’ve got questions, suggestions for future topics, or just want to say ‘hello,’ you can reach us at  https://attainablewealthfp.com/schedule-a-call/.

Any product or financial recommendations provided by Academics and Their Money, Inga, or Neeka are made solely in the author’s opinion and do not constitute professional financial or legal advice. All content is for educational purposes only.