Financial Considerations for PhD Students with Emily Roberts
The PhD Life Raft Podcast
00:00
The Big Three - Opportunity Cost and Compound Interest
So opportunity cost is basically. what it means when you choose to do a PhD and you agree to whatever the level of funding, if there's any funding during that time. If you're drawing down your savings, there's that opportunity cost of the salary. But then you have to layer on top of that the opportunity cost involved with compound interest. So putting away a little bit of money when you're younger towards investments can make a big difference in your net worth as you get ready for retirement.
Transcript
Play full episode
