Dev Raga Personal Finance

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...

In this episode we discuss crypto staking, a question from Stefan. We also discuss the other options to bankruptcy: 1/ temporary debt protection, 2/ debt agreements, 3/ personal insolvency agreements. 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 an...

In this episode, we discuss Dr Z situation of contracting for a gp practice. We also discuss about the concept of bankruptcy, what is it, the implications, the consequences, the challenges and why it’s “not a get out of jail card”. 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...

In this episode we answer Dylan’s question about carry forward contributions for your super. The main topic is part 2 of decummulation strategy, and we discuss the concept of asset liability matching! 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 an...

In this episode we discuss the concept of de accumulation, and go into how dollar cost avging may not work in your retirement phase. This is part 1 of 2 episodes about de accumulation. 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, be...

In this episode we answer M’s question about how dividends are taxed. We also discuss the concepts of growth vs value investing. We also go into geeky concepts about risk adjusted returns. 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...

In this episode we discuss the concepts of offset accounts, redraw facilities. The main topic is about cost comparison between own an EV and an ICE car! 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....

In this episode we tackle the issue of late starters to saving and investing. Then we go deep into the concept of Kelly criterion. 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 bu...

In this episode, we discuss Jesse’s question about HIN and Chess sponsorship when it comes to broker. Our main topic for this episode is about pet insurance, and some factors to consider. 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,...