Dev Raga Personal Finance

In today’s episode, Dev interviews Dr. Andrew, touching on:

👉🏾 training and specialties

👉🏿 a day in the life of a surgeon

👉🏻 Royal Australasian College of Surgeons.(RACS) training program

👉 streaming in healthcare

👉🏼 his thoughts on streaming

👉🏽 trainees and their suitability for the job

👉🏾 his investing philosophy

👉🏿 money wins

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In today’s episode Dev explains dollar cost averaging, touching on:

👉🏾 what is dollar cost averaging?

👉🏿 why it may be a good strategy?

👉🏻 the two main types of DCA

👉 pros and cons of DCA

Related episodes 🎧

👇

016 dollar cost what?

252 DCA vs lump sum investing, careers outside of clinical work, ATO payment plans + more

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In today’s episode Dev interviews Michael Poplawski, touching on:

👉🏾 who is Dr. Mike?

👉🏿 what does he do?

👉🏻 what are his side hustles?

👉 how was it transitioning into the healthcare system of Australia?

👉🏼 what are the current issues with general practitioners?

👉🏽 his youtube channel: gp on the move

👉🏾 philosophy on investing and savings

👉🏿 insurance

👉🏻 kids and F.I.R.E - financial independence, retire early

👉 view on debt

👉🏼 investing style

👉🏽 money wins

Michael Poplawski

https://www.youtube...

In today’s episode Dev interviews, I-Scribe co-founder, Sudesh, touching on:

👉🏾 where is AI (artificial intelligence) going?

👉🏿 the role of AI in note-taking

👉🏻 software development

👉 F.I.R.E

👉🏼 property and shares

👉🏽 debt and concepts

👉🏾 superannuation and investing philosophy

👉🏿 IScribe (notetaking app)

👉🏻 risks and benefits

👉 personal safety

👉🏼 non-believers

👉🏽 money wins

Sudesh Piyatissa

sudesh@piyatissa.com

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In today’s episode Dev interviews Joe Buckley, touching on:

👉🏾 what is BFA?

👉🏿 can it override family law acts?

👉🏻 what makes BFA valid or invalid?

👉 when does it make sense to have a BFA?

👉🏼 how to kids change BFA?

👉🏽 how much does it cost to create a BFA?

👉🏾 any tips on addressing BFA with partner?

Joe Buckley

joe@vistamediation.com.au

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In today’s episode Dev interviews Joe; touching on:

👉🏾 how do you become a family law specialist?

👉🏿 what is divorce?

👉🏻 what is property settlement?

👉 what is parenting arrangement?

👉🏼 is there minimum separation period?

👉🏽 stats on divorce?

👉🏾 what is the divorce application process?

👉🏿 why is Western Australia (WA) different?

👉🏻how much do lawyer fees cost?

👉 difference between parenting arrangement vs parenting responsibility?

👉🏼methods of property settlement

Joe Buckley

joe@vistamediation.com.au

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In today’s episode Dev interviews Dave Gow of Strong Money Australia, touching on:

👉🏾 savings rate?

👉🏿 property vs shares

👉🏻 financial independence retire early (F.I.R.E) principles

👉 debt and recycling

👉🏼 superannuation

👉🏽 children and financial independence

👉🏾 approach to investing

👉🏿 money wins

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Dev Raga continues his tradition of comparing his Tesla Model 3 SR+ which he purchased in 2019 with his previous Diesel. In this episode we focus on the economics of EVs, and whether it makes sense to purchase in EVs in the:

👉🏾 current climate of high costs of living

👉🏿 petrol/diesel prices

👉🏻 servicing costs

👉 all the features EV's offer

👉🏼 the annoying bits of Model 3

And by the time this episode has aired, Dev has traded it in for a new Model 3 2024 model.

Related episodes 🎧

👇

058 the economics...

In today’s episode Dev interviews Renee from Vanguard, touching on:

👉🏾 about VG Super

👉🏿 the fees

👉🏻 is it different to Super structures offered elsewhere?

👉 who owns the assets?

👉🏼 who is the back-up?

👉🏽 tell us about the auto-adjust

👉🏾 what are the products VG offers

👉🏿 what about capital gains?

👉🏻 can I switch without taxes?

Related episodes 🎧

👇

402 an interview with Balaji Gopal from Vanguard Australia

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In today’s episode, Dev interviews Dr. Chris, touching on:

👉🏾 what is his savings rate?

👉🏿 getting the perspective of a doctor for locuming

👉🏻 his side hustle

👉 views on debt

👉🏼 his medical training and subspecialty

👉🏽 does he maximize his superannuation?

👉🏾 views on children and FI

👉🏿 his investing philosophy

👉🏻 money wins

Related episodes 🎧

👇

307 money wins: an interview with Dr Nick

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In today’s episode Dev interviews Dr. Dan, touching on:

👉🏾 what is his savings rate?

👉🏿 what is his locum/side hustle?

👉🏻 his story of how he got into med

👉 reaching financial literacy

👉🏼 his views on debt

👉🏽 his views on children and GI

👉🏾 private or public schools

👉🏿 will & estate planning

Related episodes 🎧

👇

307 money wins: an interview with Dr Nick

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In today’s episode Dev explains REITs, touching on:

👉🏾 what is a trust?

👉🏿 what is a REIT?

👉🏻 various types of REITs

👉 things to consider with REITs

👉🏼 non-existent REITs

👉🏽 open-ended and close-ended

Related episodes 🎧

👇

045 what are REITs?

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In today’s episode Dev interviews Tom of Ludicrous Feed, touching on:

👉🏾 why did he buy an EV?

👉🏿 batteries and charging

👉🏻 the driving experience

👉 manufacturing myths

👉🏼 his personal experience

👉🏽 is China a threat?

👉🏾 his investing journey

YouTube channel: youtube.com/ludicrousfeed and also my website: ludicrousfeed.com

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In today’s episode Dev interviews Dr. Jim Dahle of the White Coat Investor, touching on:

👉🏾 American health system

👉🏿 student loans

👉🏻 how Dr. Jim invests his money?

👉 what is training like in the US?

Dr. Jim Dahle, White Coat Investor

www.whitecoatinvestor.com.

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In today’s episode Dev interviews Vince Scully, touching on:

👉🏾 questions about portfolio drawdown?

👉🏿 preparing for retirement

👉🏻 wealth protection?

👉 case scenarios

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Any advice is general financial advice only which does not take into account your objectives, financia...

In today’s episode Dev interviews Vince Scully, touching on:

👉🏾 what is Life Sherpa

👉🏿 why is financial advice expensive in Australia?

👉🏻 why are people skeptical about financial advisers in general?

👉 how is Life Sherpa different from traditional financial advice?

👉🏼 questions about portfolio construction

👉🏽 is there a one-size-fits-all all portfolio?

👉🏾 case scenarios

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In today’s episode Dev interviews John Pidgeon of this is property, touching on:

👉🏾 what is a buyer's agent and what do they do?

👉🏿 how do they get paid?

👉🏻 how to select a buyer's agent?

👉 how much does it cost?

👉🏼 what about off-market sales?

👉🏽 what happens when I have a bad experience with a buyer's agent?

👉🏾 how does the negotiation process work?

👉🏿 what about commercial property?

👉🏻 does it always make sense to have a buyer's agent?

John Pidgeon

https://www.envisageproperty.com.au/

In today’s episode Dev explains the concept of a 360 review, touching on:

👉🏾 how does a 360 review work?

👉🏿 goals of review

👉🏻 what is a traditional review?

👉 pros and cons

👉🏼 how do you give a 360 review?

👉🏽 the problems with F2F feedback

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In today’s episode Dev interviews Youtube's most watched flight reviewer, Josh Cahill, touching on:

👉🏾 paid reviews

👉🏿 controversies

👉🏻 youtube revenue

👉 investment and savings

👉🏼 health and travel

👉🏽 traveling to dangerous places

👉🏾 experience of setting up the first all-female pilot crew in Afghanistan

👉🏿 tips for frequent flyers

Josh Cahill

YouTube's Most Watched Flight Reviewer.

www.YouTube.com/joshcahill

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In today’s episode Dev interviews Rachelle Kroon, a mortgage broker, touching on:

👉🏾 qualifications of a mortgage broker

👉🏿 how to prepare for a meeting

👉🏻 how brokers get paid

👉 what are the focus of interest rates

👉🏼 specific loan features

👉🏽 health care workers / high-income earners

👉🏾 difference from commercial loans

👉🏿 fixed variable rates

👉🏻 penalties for breaking the rules

👉 redraw and offsets

Rachelle Kroon

https://www.spherehomeloans.com.au/

Hosted on Acast. See acast.com/privacy for mor

 In today’s episode Dev answers some of your questions, touching on:

👉🏾 overtime and sustainability?

👉🏿 ways to pay back credit cards?

👉🏻 increase earning potential?

👉 taxation for RNs,

👉🏼 high income earns and trusts?

👉🏽 property vs shares

Related episodes 🎧

👇

348 income per unit time vs income per unit effort

094 income and deductions!

099 little known deductions!

107 investment property deductions!

045 what are REITs?

203 what is diworsification?

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In today’s episode Dev continues his interview with Phil Thompson - an insurance expert, going in-depth on:

👉🏽 income protection and life insurance

👉🏾 trauma insurance and TPD

👉🏿 claim rejections

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 In today’s episode Dev interviews Phil Thompson - an insurance expert, touching on:

👉🏾 the basics of insurance

👉🏿 difference of a financial advisor and insurance advisor

👉🏻 insurance via TV ads

👉 the concept of self-insurance

👉🏼 super vs non-super insurance

👉🏽 income protection and life insurance

👉🏾 trauma insurance and TPD

👉🏿 claim rejections

https://www.thisis.money/blog/2018/12/4/everything-you-need-to-know-about-life-insurance-yg3cr

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In today’s episode, Dev continues his interview with special guest Marlee Viero who is a wills lawyer from Nest Legal. In the 2nd part of this chat Dev and Marlee touch on:

👉🏾 the role of the executor; administering the estate

👉🏿 probate vs grants

👉🏻 the role of the court

👉 invalidity of the will

👉🏼 who can challenge a will

👉🏽 digital assets

Find out more about Marlee & the team at Nest Legal: www.nestlegal.com.au

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In today’s episode Dev interviews special guest Marlee Viero who is a lawyer specialising in wills and estate planning. They chat about:

👉🏾 what happens when you don't have a will?

👉🏿 do it yourself will kits

👉🏻 what is an executor?

👉 what is a beneficiary?

👉🏼 what is a guardian?

👉🏽 what about kids under 18?

👉🏾 distribution of assets, special items, etc.

👉🏿 what is a testamentary trust?

Find out more about Marlee & the Nest Legal team: www.nestlegal.com.au

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In today’s episode Dev interviews special guest AG who day trades, touching on AG's experience with crypto and his personal investing philosophy. They chat about:

👉🏾 what is cryptocurrency and how do you make money from it?

👉🏿 costs of trading

👉🏻 net worth and income

👉 what is day trading and how one can compete with with "big people"

👉🏼 is time included in return calculations

👉🏽 mainstream/traditional investments

👉🏾 superannuation - where does it fit in?

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In today’s episode Dev explains money mistakes doctors make, touching on:

👉🏾 not prioritizing relationships,

👉🏿 not doing a will and estate plan,

👉🏻 training for far too long, waiting to become a consultant

👉 poor soft skills,

👉🏼 complicating their financial life

Related episodes 🎧

208 what is a prenuptial or binding financial agreement?

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In today’s episode Dev explains money mistakes doctors make, touching on:

👉🏾 not having a budget or financial plans

👉🏿 debt

👉🏻 lifestyle creep

👉 under insuring themselves

Related episodes 🎧

117 what is automation?

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In today’s episode Dev explains buying commercial property, touching on:

👉🏿 types of commercial property

👉🏻 things to look for when buying a commercial real estate

👉 the pros & cons

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 In today’s episode Dev explains the concept of a share buy back, touching on:

👉🏿 shares outstanding

👉🏻 why a company buys their own shares

👉 how a company would buy back their own shares

👉🏼 earnings per share

👉🏽 price to earnings ratio

👉🏾 advantages of share buy backs

👉🏿 buy backs vs share dividends

👉🏻 share buy backs vs arbitrage

👉 his personal views on share buy backs

Related episodes 🎧

026 what is arbitrage?

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In today’s episode Dev explains debt recycling, touching on:

👉🏾 debt

👉🏿 deductible vs non-deductible debt

👉🏻 debt recycling

👉 tax savings

👉🏼 advantages of debt recycling

👉🏽 disadvantages of debt recycling

👉🏾 final things to consider

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In today’s episode Dev interviews renal fellow, Dr. VJ touching on:

👉🏾 his income

👉🏿 his savings rate

👉🏻 locuming

👉 his view on debt

👉🏼 personal insurance

👉🏽 kids and public vs private school

👉🏾 retirement strategy

👉🏿 and money wins

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In this episode, Dev answers your questions:

👉🏾 how do you balance ethical practice, making enough money, and pursuing your own passions?

👉🏿 what is redundancy insurance?

👉🏻 sole trader tips for managing money owed to the ATO

👉 income protection inside super vs outside super

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In this episode Dev has a chat with Balaji Gopal from the Head of Distribution & Financial Adviser Services at Vanguard Australia. Dev and Balaji discuss:

👉🏾 the Vanguard Personal Investor platform

👉🏿 the cost of Australian funds vs US funds

👉🏻 is Vanguard chess-sponsored and if not, why?

👉 does it cost money to hold money in the cash account?

👉🏼 the auto-invest feature

👉🏽 why is there a lag between direct debt of money and landing into investments?

👉🏾 is a parallel auto invest feature possible?

👉🏻 dividend re-investment

👉 will managed funds shut down if new ET...

Welcome to a new season, and a new name! Long time listeners might find it familiar...😉 In this episode Dev unpacks the concept of downside risk, touching on:

👉🏾 what is downside risk and the essential components

👉🏿 how to measure it

👉🏻 how to protect yourself against it

👉 and the pros and cons of risk protection

Related links:

A good overview of downside risk

A basic understanding and a calculation example

Sortino Ratio Calculator (advanced method)

Related episodes 🎧

240 what is hedging?<...

In todays episode replay, Dev shares some money moves to consider making in your 40s and 50s, including:

👉🏾 managing debt

👉🏿 reviewing your net worth to see if you are you on track

👉🏻 preserving and protect your wealth

👉 pumping that superannuation fund!

👉🏼 determining how much you need in retirement

👉🏽 work choices and children's needs

Related listening 🎧

238 divorce vs separation, property settlement, parenting arrangements

080 asset allocation strategies and rebalancing

📝 Episode transcripts 

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In today's top episode replay Dev shares 6 money milestones for those in their 30s, including:

👉🏾 getting personal insurance, private health insurance and investing in yourself

👉🏿 defining your goals and making a written financial / investing plan

👉🏻 sorting your will and estate planning

👉 avoiding lifestyle creep

👉🏼 maximising your income - 3 A's to focus on

👉🏽 buying productive assets

Related episodes you may want to check out after listening to this episode 🎧

007 debt paying strategies

066 income protection changes may come!!

090 having a written financial plan

Happy holidays, we're bringing back a listener favourite! In today's episode replay Dev suggests 6 money tips to master in your 20s.

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Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you sh...

In this episode Dev explains the concept of right sizing, including:

👉🏾 methods of rightsizing

👉🏿 the steps involved

👉🏻 the pros and cons

📝 Episode transcripts 

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Any advice is general financial advice only which does not take into account your object...

In this episode Dev explains the concept of downsizing as it relates to businesses and companies, touching on:

👉🏻 examples

👉 reasons for downsizing

👉🏼 types of mergers and acquisition

👉🏽 pros & cons

👉🏾 and downsizing strategies

📝 Episode transcripts 

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Any advice is gen...

In this episode Dev chats with Dr Nicole Higgins, President of the Royal Australian College of General Practitioners (RACGP). They touch on:

👉🏾 a bit about Dr Higgins and what the RACGP does

👉🏻 general practice as a speciality

👉 workforce challenges

👉🏼 rebates and bulk billing

👉🏿 the cost of health care

👉🏽 capitation, and more!

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In today’s episode Dev explains his concept of income per unit time and income per unit effort, touching on:

👉🏾 what is income per unit time

👉🏿 why is IPUT (income per unit time) important

👉🏻 businesses vs revenue per unit sales

👉 what is income per unit effort

👉🏼 pros and cons of both concepts

📝 Episode transcripts 

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In today’s episode Dev discusses credit ratings and credit agencies, covering the following topics:

👉🏾 what is a rating?

👉🏿 the big 3

👉🏻 ratings agencies and history

👉 Fitch vs Moody vs SP Global

👉🏼 the role of credit rating agencies

👉🏽 benefits vs problems

👉🏾 what happened in 2008 vs rating agencies

👉🏿 factors affecting credit ratings

📝 Episode transcripts 

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In today's episode we're going over the basics of bonds! Dev unpacks:

👉🏼 what is a bond?

👉🏽 terminology

👉🏾 bond ratings and callability

👉🏿 risks

👉🏻 corporate bonds

👉 bond ETFs

👉🏼 debentures vs bonds

👉🏽 fixed vs floating rate bonds

Related episodes 🎧

202 bond yields, inflation + interest rates

053 what are bonds? Are they good? 

214 what is the bid-ask spread?

317 what is an inverted yield curve?

080 asset allocation strategies and rebalancing

📝 Episode transcripts 

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In this episode we're continuing our conversation with Dr Tony Chen who shares his unique travel philosophy including:

👉🏾 why he moves house every year

👉🏿 his hacks for saving money on flights and hotels

👉🏻 resources to learn more about point hacking

👉 his best hotel experience

👉🏼 and thoughts on the age old debate of private vs public education

Take a listen to last week's episode for part 1 of this chat! Tony runs the Facebook group Frequent Flying Doctors

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In this 2-part interview Dev chats with Dr Tony Chen who some of you may know from the Frequent Flying Doctors Facebook group! In this episode Tony shares about:

👉🏾 his journey to becoming a radiologist

👉🏻 radiology as a career, private vs public & income

👉🏼 childhood experience of growing up as a first generation immigrant

👉 his investing philosophy

👉🏿 and why he doesn’t invest in superannuation

Stay tuned for part 2 next week where we get into travel tips and hacks!

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In today's episode Dev explains the Dunning-Kruger effect and how it can affect your investing or career, plus how you can avoid it.

📝 Episode transcripts

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Any advice is general financial advice only which does not take into account your objectives, financial situa...

In today's Q&A Dev discusses:

👉🏻 how to teach money skills to your kids

👉 what is a defined benefit scheme within super

👉🏾 and what is income protection insurance

📝 Episode transcripts

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Any advice is general financial advice onl...

Is it a good idea to consolidate your debt? Dev explains how debt consolidation works, the pros & cons to consider and how it differs from refinancing.

Related episodes 🎧

067 what is behavioural finance?

213 debt repayment strategies

📝 Episode transcripts

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In today's episode Dev unpacks the three bucket retirement strategy, touching on:

👉🏾 emergency savings and liquid assets

👉🏿 medium term holdings

👉🏻 longer term holdings with a bit more risk

👉 2 key factors to watch for

👉🏼 rebalance rules

👉🏽 and the pros & cons

📝 Episode transcripts

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On today's show Dev explains the ten rules every investor should keep in mind:

👉🏾 reversion to the mean

👉🏿 the markets always overcorrect

👉🏻 excesses are a red flag! 🚩

👉 bear markets have 3 stages

👉🏼 invest regularly

👉🏽 keep your emotions in check

👉🏾 time in the market, not timing the market

👉🏿 risk vs volatility

👉🏻 experts are usually wrong

👉 diversify!

Related episodes 🎧

091 investing in bull and bear markets!

048 risk vs volatility!

📝 Episode transcripts

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The power of compounding also applies to investment fees so it’s important to know what you’re paying when you invest! In this episode Dev touches on:

👉🏾 why is investing not free

👉🏿 ETFs vs managed funds

👉🏻 basic fees to pay attention to

👉 what is a broker and brokerage

👉🏼 3 take home points

👉🏽 the productivity commission statement on super fees

👉🏾 and Lincoln's question about bond yields

Related episodes 🎧

229 how to pick a stock broker

301 calculating returns

📝 Episode transcripts

We hate...

Let's take it back to basics! In this episode Dev unpacks:

👉🏻 should you save or invest 'pay yourself money'?

👉 the pros & cons of saving

👉🏽 the pros & cons of investing

👉🏼 how to calculate your savings rate

👉🏽 savings stats in Australia

👉🏿 investing concepts

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In the second part of this interview Dev and Dr Dean chat about:

👉🏾 how Dean invests

👉🏿 his thoughts on debt

👉🏻 he and his partner's FI number

👉 public vs private education

👉🏼 his personal protection plan (insurances, wills and estate planning)

👉🏽 and money wins

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In part 1 of this 2-part interview, medical doctor Dr Dean shares some of his career journey in medicine, savings habits and tips for productivity at work. In part 2 Dev and Dean get into investing, debt and more ways that Dean and his wife manage their money.

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In this Q&A episode Dev touches on:

👉🏾 the private health industry post-covid

👉🏿 vet careers and earning less than what people may think

👉🏻 salary packaging and HECS/HELP

👉 the process/cost of elective egg freezing

👉🏽 and how much of your income should you aim to save?

Related listening 🎧

309 private health insurance

105 what is salary packaging?

116 savings rate vs investment returns!

📝 Episode transcripts

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In today's Q&A Dev discusses:

👉 paying off debt fully vs creating an emergency fund and paying debt off gradually

👉🏼 investment bonds

👉 early career fellow - the pros and cons of buying a $2-3m home

👉🏽 saving 100% towards a home vs 50/50 invest & save

👉🏾 investing via a trust

👉🏿 first graduate job - tips for building a good financial foundation

👉🏻 looking after your mental health

TW: Towards the end of the episode Dev gives a trigger warning before sharing some mental health and suicide stats amongst doctors. Pleas...

In today's episode we're continuing part 2 our chat with Owen Rask from the Rask Group talking about:

👉🏾 value investing and how to value a company

👉🏿 the index fund bubble - is it all just hype?

👉🏻 investing as a high net worth individual

👉 Owen's top money win tip

Listen to part 1 here!

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In today's episode we're chatting with Owen Rask, cohost of the Australian Finance Podcast and founder of the Rask Group. Owen shares about his career prior to Rask and what motivated him to start the business, his investment philosophy, thoughts on the home ownership crisis and more.

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In today's episode, Dev chats with Kate Campbell from the Australian Finance Podcast about:

👉🏻 her story

👉🏾 FIRE

👉🏿 her career

👉 superannuation

👉🏼 money wins

👉🏽 and more!

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Any advice is general financial advice only which does not take into account yo...

In today's episode we're chatting about how the concept of game theory applies to investing! Dev touches on:

👉🏻 what is game theory and how does it work?

👉🏾 nash equilibrium explained

👉🏿 various games/circumstances

👉🏽 common uses of game theory in economics & investing

Related listening 🎧

088 what is utility theory?

📝 Episode transcripts

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In today's money wins episode Dev chats with Dr Ted, a junior doctor from Victoria. Ted and Dev discuss:

👉🏾 tips for junior doctors & interns

👉🏻 career pathways in medicine

👉🏾 debt

👉🏿 investing

👉🏻 money tips

👉 and more!

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcripts

🏡 Join the mmm facebook group

💸 Quick links to our resources and $20 off The Glen James Spending Plan

my millennial money professional is produced by SYMO interactive, home of my millennial money.

In today's episode we're continuing with part 2 of the interview with Captain FI chatting about:

👉🏾 his investment strategy and income streams

👉🏿 net worth and how he calculated his FI number

👉🏽 his thoughts on "retiring early"

👉 + top tips from his personal finance journey

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcripts

🏡 Join the mmm facebook group

💸 Quick links to our resources and $20 off The Glen James Spending Plan

my millennial money professional is produced by SYMO interactive...

In today's episode, retired pilot Captain FI joins us for a special interview about his journey to reaching FIRE at the age of 30. In part 1 Captain FI shares about:

👉🏿 his childhood and the lessons he learned about money

👉🏻 his training and costs to become a pilot

👉 airline perks

👉🏽 are frequent flyer programs worth it?

👉🏾 achieving an 80% savings rate and if it was worth it

👉🏻 the negatives of being a pilot (some of these will surprise you!)

Stay tuned for part 2 next week!

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In today's episode Dev explains how we experience accumulative advantage in everyday life and investing, also touching on the Matthew Effect and the concept of "winner takes all".

📝 Episode transcripts

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Any advice is general financial advice only which does not take into...

Let's explore the fundamentals of what an index fund is, how they work and what to consider when choosing one. In this episode we cover:

👉🏾 what is an index fund?

👉🏿 what does the data say about active vs passive investing?

👉🏻 your investment thesis

👉🏼 are you a broad market or narrow market investor?

👉🏽 local vs international

👉 fund selection

👉🏻 monitoring the fund investment

👉 risks and pitfalls

👉🏼 the index fund bubble - is it a risk?

👉🏽 Dev's personal view on index funds

📝 Episode transcripts

We hat...

It's that time of year again, the annual EV update. Today's episode gets into the ins and outs of owning a Tesla Model 3 touching on:

👉🏾 purchase price

👉🏿 cost of electricity vs fuel

👉 wear and tear

👉🏻 autopilot

👉🏽 tyre change & servicing costs

👉🏿 the annoying & brilliant bits of the car

👉 EV road tax

👉🏼 charging infrastructure

👉🏽 thoughts on going back to an ICE car

👉🏾 EV discounts with respect to FBT

👉🏿 comparing the cost breakdown

Dr CY's EV novated lease calculator (Make a copy to use)

Rela...

Today's episode is part 2 of our chat with Jason and Matt from MissionMed about getting into medical school. Make sure to listen to last week's episode to catch the first part if you missed it! In this episode we talk about:

👉🏾 do Jason and Matt invest?

👉 are there any scholarships for med school?

👉🏼 HECS/ HELP debt

👉🏽 private school vs public school vs selective school

👉🏾 when should students start preparing for med school

👉🏿 getting into med school later in life with a post grad pathway

👉🏻 and advice for aspiring students who wa...

Due to plenty of interest in this topic we are taking a break from money to chat about getting into med school in this two-part discussion with Jason and Matthew from MissionMed. In this episode we touch on:

👉🏻 the entrance process for undergrad and postgrad pathways

👉 good skills to have and develop

👉🏼 what are the UCAT and UMAT and how do they work

👉🏽 what to expect and how to succeed in medical interviews

👉🏿 Jason and Matthew's tips and learnings

👉🏾 what MissionMed does

🛑 Please read our disclaimer + warnings befor...

If you've heard the term intrinsic value mentioned by investors like Warren Buffet but not known what it meant, today we're breaking down the concept. In this episode we cover:

👉🏻 quantitative analysis

👉 qualitative analysis

👉🏼 discounted cash flow analysis

👉🏽 weighted avg cost of capital (WACC)

👉🏾 a worked example of DCF analysis

👉🏿 and of course what is intrinsic value

Related listening 🎧

077 what is price to earnings ratio (P/E)?

078 what is price to book ratio (P/B)?

🛑 Please read our disclaimer + warnings b...

Dev recently took a holiday and had a great experience with private tour company ForeverVacation so he invited co-founder and CEO Ben Dolgoff onto the show as a guest. In this chat Dev and Ben touch on:

👉🏾 Ben's story and background prior to starting the company

👉🏿 Dev's experience

👉🏻 Forever Vacation's unique tour style

👉 their money back guarantee policy

👉🏼 what to consider if you're planning a tour and looking for a company + more

Learn more about ForeverVacation: https://forevervacation.com/

🛑 Please read our disclaimer + warnings before l...

Do you have home and/or contents insurance? In this episode we're covering:

👉 the difference between home insurance and contents insurance

👉🏼 different types of coverage and policies

👉🏽 how to calculate how much your home is worth

👉🏾 common exclusions

👉🏿 common reasons a claim is rejected

👉🏻 insuring a home pre-settlement

👉🏼 what is public liability insurance

👉🏽 how can you reduce your premiums

👉 accidental damage

👉🏿 things to consider when selecting an insurance company

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcripts...

In today's Q&A Dev touches on:

👉🏾 burn out in health care

👉🏻 is additional income worth it if it's heavily taxed?

👉🏿 super balance for retirement and the aged pension

👉🏻 buying cars

👉 the temptation of keeping up with the Joneses

👉🏽 side hustle ideas

Related listening 🎧

223 burnout, self care + defence housing

255 + 255b an interview with Ryan about locuming

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcripts

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Today we're digging into yield curves and more specifically the inverted yield curve. In this episode Dev talks about:

👉 what is yield?

👉🏼 dividends vs distributions

👉🏽 various types of yields

👉🏾 what are yield curves

👉🏿 3 types of curves

👉🏻 what is an inverted yield curve

👉 why is it important and how it affects investors

Related listening 🎧

301 calculating returns

202 bond yields, inflation + interest rates

053 what are bonds? Are they good?

302 recessions, depressions, causes, protections

🛑 Please read our disclaimer + warnin...

Luke is a commercial electrician in his early 30s who is killing it with his money journey! In this inspiring chat Dev and Luke discuss:

👉🏻 his lucrative career path

👉🏾 how he budgets

👉🏿 advice for young electricians and apprentices

👉🏻 Luke's perspective on debt

👉 how he invests and how that has evolved over the years

👉🏼 Luke's net worth and impressive breakdown of assets

👉🏽 and of course Luke's money wins and tips!

🛑 Please read our disclaimer + warnings before listening to this episode

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In today's episode we're covering 12 money pitfalls to avoid before and during retirement!

Related listening 🎧

028 what is sequence of returns risk?

231-233 superannuation

218 budgeting strategies

037 what is the 4% withdrawal rule?

309 private health insurance

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcripts

🏡 Join our facebook group for healthcare professionals

💸 Quick links to our resources and $20 off The Glen James Spending Plan

my millennial money professional is produced by SYMO interac...

Today we're unpacking the concept of commodities and if they are something investors can make money on. We touch on:

👉🏾 what actually is a commodity?

👉🏿 what is basis grade?

👉🏻 various types of commodities

👉 how are commodities traded

👉🏼 what is the commodity price cycle?

👉🏽 what determines their price

👉🏾 is health care a commodity?

Related listening 🎧

056 what are derivatives (financial)?

240 what is hedging?

027 what is inflation and why is it important?

🛑 Please read our disclaimer + warnings before listening to...

Have you ever heard of the pareto principle or the 80/20 rule? In today's episode Dev talks about:

👉🏾 some listener feedback on ATO payment plans

👉🏿 the pareto principle explained and how it applies to our everyday lives

👉🏻 pros and cons of following the principle

👉 the pareto efficiency explained

👉🏼 what is the production possibility frontier?

👉🏽 and alternatives to pareto efficiency

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcripts

🏡 Join our facebook group for healthcare professionals

💸 Quick links to our resources an...

Today we're unpacking the various types of financial markets and two methods used by sophisticated investors to analyse these financial markets.

Related listening 🎧

084 what is liquidity?

033 index funds vs ETFs: which is better?

222 stock market myths + wrap accounts

115: what are stock buy backs?

079 the pitfalls of passive investing!

019 how to invest during volatile times

202 bond yields, inflation + interest rates

053 what are bonds? Are they good?

056 what are derivatives (financial)?

108 & 109 currency trading

217 macro-economic vs mic...

Today we're discussing some of the financial lessons that we can learn from some of the wealthiest and broke athletes in the world. We look at both the pitfalls to avoid and the gold we can glean.

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcripts

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💸 Quick links to our resources and $20 off The Glen James Spending Plan

my millennial money professional is produced by SYMO interactive, home of my millennial money.

Hosted o...

Retiring can be a difficult lifestyle transition after years in the workforce so it's important to start planning before you retire. Today we're unpacking the stages of retirement, touching on:

👉🏾 what is retirement?

👉🏿 factors that might influence when you decide to retire

👉🏻 the psychological impact of retiring

👉 pre-planning

👉🏼 the actual day

👉🏽 the honeymoon period

👉🏿 the business side

👉🏾 reorganising your life

👉🏻 the final phase

👉 statistics

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcripts

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In today's episode we're diving deep into the world of private health insurance with a comprehensive break down of what it is and how it works. Dev talks about:

👉🏾 what is private health insurance and what is it's benefit

👉🏿 how bulk billing works

👉🏻 why is health care becoming more expensive in Australia

👉 the stealth health care tax we don't know about

👉🏼 private health product tiers

👉🏿 out of pocket expenses

👉🏻 coverage, rebates & premiums

👉 lifetime health cover loading

👉🏼 Medicare levy and surcharge

👉🏽 age based discount

👉🏿 Dev's though...

We're back with another Q&A! In today's episode Dev unpacks questions about:

👉🏾 accrued leave, time in lieu & paid overtime

👉🏿 financial implications of various medical careers / specialties

👉🏻 how to charge a higher rate

👉 hedged vs non-hedged ETFs

👉🏼 LICs and DSSPs

Related listening 🎧

118 what is DSSP?

102 what is a dividend reinvestment plan (DRP)?

065 dividends vs distributions

031 what is dividend investing?

020 what are franked dividends?

036 listed investment companies (LICS)

🛑 Please read our disclaimer + warnings before...

In today's money wins episode we interview Dr Nick (name changed for anonymity), a millennial doctor and investor with a multi-million net worth. Nick shares his approach to spending, saving, investing and debt as well as his encouragement for medical students.

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcripts

🏡 Join our facebook group for healthcare professionals

💸 Quick links to our resources and $20 off The Glen James Spending Plan

my millennial money professional is produced by SYMO interactive, home of my millennial m...

Today on the show Dev breaks down the supply chain phenomenon called the bullwhip effect, touching on:

👉🏾 how supply chain dynamics work

👉🏿 the bullwhip effect and what it indicates

👉🏻 how to minimise the risk of the bullwhip effect occurring

👉 vertical integration

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcripts

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💸 Quick links to our resources and $20 off The Glen James Spending Plan

my millennial money professional is produced by SYMO...

Recessions are normally followed by an economic recovery, do you know the different types? Dev explains:

👉 what an economic recovery is

👉🏼 the signs of one

👉🏽 how fiscal and monetary policies relate to economic recoveries

👉🏾 the different recovery 'shapes' and which are the most common

Related listening 🎧

248 what is stagflation

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcripts

💸 Quick links to our resources and $20 off The Glen James Spending Plan

my millennial money professional...

In today's episode Dev chats about:

👉🏾 is buying a home worth it?

👉🏿 buying your own home vs investing in property

👉🏻 what gets noted in a building and pest inspection

👉🏽 7 steps of the buying process

👉 pros and cons of investing in property

👉🏼 the risks and how to manage them

Related listening 🎧

049 leverage vs margin!

011 buy a home with your head, not your heart!

235 Q&A: working rurally, property vs shares, BAS, GST & sole trader income

🛑 Please read our disclaimer + war...

Can money buy happiness? Dev thinks it's the wrong question to be asking. Let's talk about it. Today's episode touches on the science behind happiness and what the data says about the relationship between money and happiness.

Here's the study Dev mentions in the episode: https://www.hbs.edu/ris/Publication%20Files/FinancialScarcity_SPPS_accepted_November1_2021_06f87dd3-4474-4c92-88d1-a5c6b63a2eaa.pdf

📢 PSA: Dev doesn't endorse any specific financial products so beware of scammers using his name

📢 PSA #2: my millennial money medical has been rename...

Today's episode is all about recession: what it is, what causes it and what you can do about it. Dev touches on:

👉 what is a recession vs what is a depression

👉🏼 what is a business cycle

👉🏽 examples of past recessions

👉🏾 triggers and causes

👉🏿 how you can protect yourself during a recession

Related listening 🎧

248 what is stagflation?

209 what is a financial bubble?

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcript: https://bit.ly/m3meptranscripts

🏡...

If you're an investor you would want to ensure you're making money not losing it, so how are investment returns calculated? Dev explains some different methods touching on:

👉 what is a return

👉🏼 annualised returns

👉🏽 nominal returns

👉🏾 real return

👉🏿 purchasing power

👉🏻 and ratios ratios ratios (e.g.: ROE, ROI, ROA) - demystifying these ratios

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcript: https://bit.ly/m3meptranscripts

🏡 Join our facebook group for healthcare professionals

💸 Quick links to our resources an...

This episode is part 2 of the interview on locuming with Ryan from 1Medical locum agency! In this chat Dev asks Ryan:

👉 can a locum agency become an employee at the hospital they have locumed in before?

👉🏼 what happens with cancellations

👉🏽 do you think rates will stay as high as they have been?

👉🏿 what about overseas locum opportunities?

👉🏾 what about non doctor opportunities?

👉 how do locum doctors structure their finances e.g. ABN, sole trader or Pty Ltd?

👉🏻 what makes a good locum agency?

🛑 Please read our disclaimer +...

Many of our listeners are doctors who have a ton of questions about locum work so Dev unpacks them with special guest Ryan Kevelighan who is the Director of 1Medical locum agency. Stay tuned for a bonus part 2 of this interview dropping tomorrow. Today's episode touches on:

👉 what does it take to create and run a locum agency?

👉🏼 do agencies only deal with public hospitals, or deal with private hospitals as well?

👉🏽 what makes a hospital easier to deal with?

👉🏾 how can doctors and locum agencies work better together?

👉🏿 how can locum ag...

In this episode special guest Maz joins us on the show. Maz is a physiotherapist who left her public position to work in a private practice setting. We discuss physiotherapy as a profession and how Maz goes about her personal finances including some of the money wins she's had.

The paradox of choice | Barry Schwartz (TED Talk): https://www.youtube.com/watch?v=VO6XEQIsCoM

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcript: https://bit.ly/m3meptranscripts

🏡 Join our facebook group for healthcar...

Continuing on from last week's Q&A, Dev answers more of your questions:

👉🏾 are medical financial advisers better than general advisers?

👉🏿 what are the new rules for family trusts?

👉🏻 tips for locum work

👉 transferring property to family e.g. kids

👉🏼 what is moldability and why you need it in your career

👉🏽 my portfolio has lost money, should I sell at a loss or wait for the market to bounce back?

👉🏻 Maxxia wallet - is it worth it or not?

Related listening 🎧

046 what is a financial alpha? Ar...

Today's episode is packed with some great listener questions touching on:

👉🏾 how do ATO payment plans work?

👉🏿 dollar cost averaging vs lump sum investing

👉🏻 pursuing FI to have freedom of career choice rather than retirement

👉 career options outside of clinical work

👉🏼 single parent, divorced & practice owner, what should I do with my money?

👉🏽 tips for transitioning from Centrelink to salary

👉🏻 private health insurance, do you need it?

👉🏾 money mindset depending on whether you grew up poor vs privileged

ATO payment plan estimator

Episodes men...

When it comes to your car insurance, do you know the pitfalls to avoid and how to negotiate a better deal? Dev unpacks it all touching on:

👉 why car insurance is so important

👉🏼 CTP and how it differs by state

👉🏽 comprehensive car insurance

👉🏾 contaminated fuel - does insurance cover that too?

👉🏿 tips on reducing your premiums

👉 specifically check exclusions - what are they?

👉🏼 what about learner drivers

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcript: https://bit.ly/m3meptranscript...

On today's episode Dev and Aussie Firebug continue their interview touching on:

👉🏾 AFB's investing strategy 

👉🏿 achieving FIRE and the idea of retiring from work and losing purpose

👉🏻 insurances - personal, house, car and health insurance 

👉 Aussie healthcare

👉🏼 and AFB’s FIRE $ goal 

🛑 Please read our disclaimer + warnings before listening to this episode

🏡 Join our facebook group for healthcare professionals

💸 Quick links to our resources and $20 off The Glen James Spending Plan

my millennial money medical is produced by SYMO interactive, home of my...

Today on the show Dev interviews blogger and podcaster Aussie Firebug talking all things money, mindset, life and of course his FIRE journey. In part 1 they touch on:

👉🏾 The Simpsons! What does that have to do with money? Quite a lot actually

👉🏿 how AFB's mindset and investing strategy has evolved and changed from when he first began his FIRE journey

👉 factoring kids into FIRE

🛑 Please read our disclaimer + warnings before listening to this episode

🏡 Join our facebook group for healthcare professionals

💸 Quick links to our resources and $20...

You probably know about inflation but have you heard of stagflation? Dev explains the concept, touching on:

👉 what is stagflation, inflation and deflation

👉🏼 causes of stagflation

👉🏽 what can be done in response to stagflation

👉🏾 how investors can protect themselves

Related listening 🎧

217 macro-economic vs micro-economic factors

202 bond yields, inflation + interest rates

133: is inflation a problem?

027 what is inflation and why is it important?

240 what is hedging?

080 asset allocation strategies and rebalancing

🛑 Please read our disclaimer + warnings b...

Dev chats with Harry who is an accountant about some of the small money wins he has had so far. They talk about saving, investing, and how the small things in the money world can make a big difference.

🛑 Please read our disclaimer + warnings before listening to this episode

🏡 Join our facebook group for healthcare professionals

💸 Quick links - get $20 off The Glen James Spending Plan

my millennial money medical is produced by SYMO interactive, home of my millennial money.

Hosted on Acast. See acast.com...

Today's episode is the last of the life stages series focusing on a few core things to consider in your 60s and beyond. Dev touches on:

👉 asset allocation and decummulation strategies

👉🏼 private health insurance

👉🏽 superannuation - again!

👉🏾 revisiting will and estate planning

👉🏿 staying active, physically and mentally

👉🏻 not neglecting growth

Related listening 🎧

080 asset allocation strategies and rebalancing

125 what is de-accumulation phase?

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcript: https://bit.ly/m3meptranscripts

...

Dev talks about some money moves to consider making in your 40s and 50s, including:

👉🏾 managing debt

👉🏿 reviewing your net worth to see if you are you on track

👉🏻 preserving and protect your wealth

👉 pumping that superannuation fund!

👉🏼 determining how much you need in retirement

👉🏽 work choices and children's needs

Related listening 🎧

238 divorce vs separation, property settlement, parenting arrangements

080 asset allocation strategies and rebalancing

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📝 Episode transcript: https://bit.ly...

We're continuing our life stages series and this one's for anyone in their thirties. Dev recommends 6 things to focus on with your money, including:

👉🏾 getting personal insurance, private health insurance and investing in yourself

👉🏿 defining your goals and making a written financial / investing plan

👉🏻 sorting your will and estate planning

👉 avoiding lifestyle creep

👉🏼 maximising your income - 3 A's to focus on

👉🏽 buying productive assets

Related episodes you may want to check out after listening to this episode 🎧

007 debt paying strategies

066 income protection changes m...

What are the best things you can do with your money in your 20s? Dev suggests 6 things to try and master!

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcript: https://bit.ly/m3meptranscripts

🏡 Join our facebook group for healthcare professionals

💸 Quick links to our resources and $20 off The Glen James Spending Plan

my millennial money medical is produced by SYMO interactive, home of my millennial money.

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Today we're chatting with Dr Tyron March. He's an ICU doctor based in Brisbane, a personal finance enthusiast and the author of Medical Money: A Practical Guide to Personal Finance and Investing for the Junior Doctor. Dev asks Tyron about:

👉🏿 his money story and what shaped his passion for personal finance

👉 the ins and outs of the book including why it's for anyone, not just doctors

👉🏼 ICU training

👉🏽 the qualities of a good doctor

👉🏾 Tyron's side business, MedKit Scrubs (check them out at the link below)

👉🏿 some of the challenges in health...

In today's episode Dev explains the purpose of an annuity and how someone might use it as part of their retirement strategy. He covers:

👉 what is an annuity and how does it work

👉🏼 the different types

👉🏽 what happens if you die?

👉🏾 how is taxation handled within annuities

👉🏿 companies that offer them

👉🏻 the good and the bad

Related listening 🎧

episode 84: what is liquidity?

episodes 231-233: a 3-part super series!

Learn more about Altus Financial here: https://bit.ly/altusm3m

🛑 Please r...

In this episode Dev explains the concept of hedging including:

👉🏼 what is a hedge? (no, not the green bushy stuff!)

👉🏽 how hedging strategies work

👉🏾 is hedging the same as an insurance policy?

👉🏿 what is a perfect hedge?

👉🏻 the risk/return trade off

👉 what is a derivative and 4 different types

👉🏼 types of hedging that the average investor can use

👉🏽 and the bottom line!

Learn more about Altus Financial here: https://bit.ly/altusm3m

🛑 Please read our disclaimer + warnings before listening to this e...

In this episode Dev breaks down the concept of due diligence including:

👉🏻 what due diligence is

👉 is it illegal if you don't do it?

👉🏼10 steps that you can take to do due diligence

👉🏽 spotting red flags

Take a listen to episodes 76-78 for more around P/E and P/B ratios.

🛑 Please read our disclaimer + warnings before listening to this episode

📝 Episode transcript: https://bit.ly/m3meptranscripts

🏡 Join our facebook group for healthcare professionals

💸 Quick links to our resources and...

Heads up, this episode touches on sensitive topics relating to divorce and separation. If this is upsetting you may want to skip this episode or take it slow and that's okay. On today's show Dev unpacks the concept of marriage, divorce and separation as well as:

👉 how the divorce process works

👉🏼 some stats around divorce in Australia

👉🏾 what happens with children in the mix

👉🏿 parenting arrangements

👉🏽 what's a property settlement?

👉 what about superannuation and how it's split?

👉🏻 how does it work in WA?

Parenting orders handbook: htt...

What's the difference between a normal mortgage and a reverse mortgage? Dev explains and touches on:

👉🏾 how they work

👉🏿 how much equity is required

👉🏻 the 2018 ASIC review of reverse mortgages

👉 no negative equity guarantee - what is it?

👉🏼 the costs

👉🏽 pros and cons

👉🏿 other alternatives

👉 and his personal verdict

Learn more about Altus Financial here: https://bit.ly/altusm3m

🛑 Please read our disclaimer + warnings before listening to thi...

Dev answers more listener questions:

👉 what's the difference between ETFs and managed funds?

👉🏼 should I put more money into my super or my offset account?

👉🏽 dealing with award rates and the union in your profession

👉🏾 tips for turbo charging your income

👉🏻 and some little known tax deductions

Learn more about Altus Financial here: https://bit.ly/altusm3m

🛑 Please read our disclaimer + warnings before listening to this episode

🎧 Related listening

Today on the show we are stoked to talk with a special guest who joins us all the way from the States, JL Collins. JL is a financial independence blogger and the author of The Simple Path to Wealth. In this chat Dev talks with JL about:

👉🏾 JL's investing philosophy

👉🏿 why you should avoid debt

👉🏻 "a stock market crash is a gift"

👉 having a 50% savings rate, is that too aggressive?

👉🏼 dollar cost averaging, is JL not a fan?

👉🏽 his journey from active investor turned index fund investor

👉🏿 what is "FU mon...

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