Dev Raga Personal Finance

Some great questions and topics from the my millennial money medical community. Today Dev discusses: 👉🏾 deductible vs non-deductible debt 👉🏿 offset vs redraw facility 👉🏼 a breakdown of investment property costs 👉🏽 burnout in health care 👉🏻 the ethics of private billing in health care 👉 salary packaging - listen to episode 204 👉🏼 saving on an allied health salary (or any salary!) 👉🏿...

In this episode Dev chats about: 👉🏾 Thopian's question: How long can I rent out a property without paying capital gains tax on its sale 👉🏿 what is the bid ask price 👉 what is liquidity? For an in-depth explanation on liquidity listen to episode 084 👉🏼 the bid ask spread 👉🏽 what are market makers Episode transcripts: https://bit.ly/m3meptranscripts 🛑 Please read the disclaimer at mymillen...

The best method to pay down debt is the one that works for you! In this episode Dev shares: 👉🏾 what is consumer debt 👉🏿 revolving vs non-revolving debt 👉🏻 the pros and cons 👉 the debt avalanche method 👉🏼 the debt snowball method 👉🏽 the debt consolidation method 👉🏾 balance transfer method 👉🏻 checking your recurring payments You might also enjoy 030 what is debt consolidation Episode...

In this episode Dev covers these 13 investing truths: 👉🏾 asset allocation 👉🏿 diversification 👉🏻 the market is uncertain 👉 understanding and managing risk 👉🏼 time in the market, not timing the market 👉🏽 no perfect investment strategy 👉🏾 money doesn't have emotions 👉🏿 market crashes can be good 👉🏻 investing is not a get rich quick scheme 👉 buy the haystack, be boring 👉🏼 fees matt...

This episode covers some of the restrictions you might encounter when buying property or considering a knock down rebuild. Dev shares: 👉🏾 a listener's experience - K has a bad surprise at the time of building their home 👉🏻 what are covenants, zones and overlays 👉 the process of removing a covenant 👉🏿 burdened land vs benefited land Check with your local state and council regulations before...

Today's episode is all about what a margin of safety is in accounting, business, investing and personal finance. Plus Dev speaks a little on deep value investing vs growth at a reasonable rate. We go full on geek mode! Listen to ep 75 for more on financial risk here . Episode transcripts: https://bit.ly/m3meptranscripts 🛑 Please read the disclaimer at mymillennial.money before listening to this e...

In this episode, Dev unpacks: 👉🏾a question from anon who has sold their investment property and has 500K in proceeds, what should they do? 👉🏻what is a financial bubble? 👉the stages of a bubble 👉🏿examples of bubbles in history 👉🏾Poseidon NL - does anyone remember the name? Episode transcripts: https://bit.ly/m3meptranscripts 🛑 Please read the disclaimer at mymillennial.money before listen...

Today's episode is inspired by this listener question: Is a prenup something I should consider before getting married? How long before marriage should I start thinking about it and what are the pros and cons? My income will likely be significantly higher than my partner's and I'm wondering how to have the conversation. Dev unpacks what a binding financial agreement aka prenup, entails including:...

Should you put your spare cash in paying down debt or invest it? Dev explores this common question, touching on: 👉🏻invest or pay off debt - is this a simple analysis of this question? 👉deductible vs non-deductible debt 👉🏽what about interest free debts? 👉🏿risk tolerance vs tax optimisation 👉🏼what about debt consolidation? Episode transcripts: https://bit.ly/m3meptranscripts 🛑 Please read...

Dev discusses more strategies that can help to reduce tax, such as: 👉🏾investment bonds 👉super spousal contributions 👉🏻property deductions Here's 087 what are investment bonds? Episode transcripts: https://bit.ly/m3meptranscripts 🛑 Please read the disclaimer on mymillennial.money or at the link below before listening to this episode. Need help budgeting? Check out The Glen James Spending Plan...

We're back with more tax efficiency tips! In this episode Dev discusses: 👉dividends vs capital gains 👉🏼trust structures 👉🏽charitable donations 👉🏿work related deductions 👉🏻car related deductions Listen to part 1 of this series here . For more on tax deductions, go back and listen to episodes 94-99. Here's episode 94 . Episode transcripts: https://bit.ly/m3meptranscripts 🛑 Please read the...

This is part 1 of a 3 part series on strategies to minimise tax. In this first episode Dev talks about: 👉🏻salary packaging 👉superannuation and maximising your concessional contributions Episode transcripts: https://bit.ly/m3meptranscripts 🛑 Please read the disclaimer on mymillennial.money or at the link below before listening to this episode. Are you a healthcare professional? Join our Faceboo...

In an effort to diversify your assets, it's possible to end up 'diworsifying'. Dev unpacks exactly what this means, touching on: 👉🏾diworsification vs diversification 👉🏼how do you know if you are diworsifying? 👉and how to minimise your risk of diworsifying Dev discusses efficient frontiers here: https://player.whooshkaa.com/episode?id=930845 Check out eps 050 and 080 on asset allocation! Episo...

In this episode, Dev talks about: 👉🏽a Q from anon about super concessional contributions 👉what is a bond? 👉🏿what's inflation? 👉🏻what are interest rates? 👉🏾how are all these concepts related to each other? 👉🏼examples to highlight these concepts! 👉the inverted bond yield curve 👉🏾fractional reserve banking! Episode transcripts: https://bit.ly/m3meptranscripts 🛑 Please read the disclaim...

In this episode, Dev unpacks: 👉🏾what is pay yourself first? 👉🏿a practical example 👉🏻the power of automation 👉does super count towards pay yourself money? 👉🏼a simple way to build a long term portfolio Episode transcripts: https://bit.ly/m3meptranscripts 🛑 Please read the disclaimer on mymillennial.money or at the link below before listening to this episode. Are you a healthcare profession...

Hosted by Dev Raga and talking all things financial health and personal finance for healthcare professionals. Chat with us in the my millennial money medical Facebook group: https://www.facebook.com/groups/2261439930740208 Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is...

In this episode I share important news about the future of Dev Raga Personal Finance! The survey mentioned in this chat has now closed. Thanks to all who participated. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on th...

In this episode we answer a question about choice in investing and how to systematically approach it. Then we focus on the core concepts of speculation vs gambling, the similarities and differences. Well done Melbourne for coming out of lockdown! Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should c...

In this episode we answer Dr Yud's question about constitutionally protected funds. We also talk about buyers agents, the pros and cons and what to consider when engaging one. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acti...

In this episode we answer a question from Andrew about whether it’s important to have income protection if they are a dual income family. Then we break down the concept of inflation, and see how it’s calculated, and how it may affect you. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider...

In this episode I warn our listeners about checking their super and investment statements for “advice fees”. I also discuss a simple concept called the rule of 72. What is it? How it can be applied in your personal finances. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice...

In this bonus episode I take a look at the Evergrande crisis, explain the issue and discuss the over arching lessons from it all. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy...

In this episode we discuss the pros and cons of shares vs property, look at the long term performance numbers, and what I prefer moving forward. We also answer Branco's question on how to sell ETFs or index funds partially!! Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice...

In this episode we discuss Sepun's question about costs of being a landlord. We then discuss the main topic of asset protection. What is it? What Are some of the ways you can protect your hard earned wealth. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to...

In this episode, I answer the most common questions that are asked to me. Lots of interesting questions. Stay tuned!! Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial...