92: Darin Diehl's story about getting laid off, having a heart attack, and getting cancer

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MOSTLY MONEY with Preet Banerjee

Business


Darin Diehl has a long history of working in the financial services as an educator and marketer. But in late 2019, he was laid off from his job. Then, in early 2020, he had a heart attack. While being diagnosed and treated for that, doctors also found out that he had advanced lung cancer. Darin thought it would be helpful to share his story, not only from a health perspective, but from a financial and emotional perspective. From what emergency funds they had in place, benefits coverage and insurance, and how his medication for lung cancer has a price tag of $130,000 per year (and he explains how those costs are subsidized).With a recent positive assessment, he now has another set of unique financial considerations: what is the balance to be found between spending more aggressively now in case his life expectancy is much shorter than his financial plan called for, versus what if he has more runway than the doctors originally predicted?Darin is sharing his story because his passion for financial education hasn't dwindled. There are many lessons and thought provoking subjects we touch on in this episode.