Dev Raga Personal Finance

In this episode Dev and Vince Scully from Life Sherpa unpack what an annuity is and how it can be used as a retirement income strategy. They talk about: 👉🏾 what is an annuity and how can you buy one ? 👉🏿 lifetime vs fixed annuities 👉🏽 returns 👉🏻 how does it affect the aged pension 👉 pros and cons 👉🏼 how are annuities taxed 👉🏽 what happens if the annuity providers go bankrupt Dev Raga...

In this episode Dev unpacks 6 budget types and the pros & cons of each. He walks through: 👉🏾 the 50/30/20 budget  👉🏿 cash stuffing / envelope system 👉🏻 zero based budget 👉 pay yourself first budget 👉🏼 the no budget budget 👉🏽 and Dev's personal budget strategy Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? Check out h...

Continuing on from last week's episode, Dev and Dr James* go deeper discussing boundaries in small communities, navigating burnout, and how rural doctors approach money, cost of living and investing while working in isolated areas. They chat about: 👉🏻 living and working in a tight-knit town 👉 boundaries with neighbours and patients 👉🏼 isolation, guilt and burnout risks 👉🏾 cost of living &am...

In today's episode Dev chats with rural GP Dr James* about why he chose to build his career outside the city. They explore the training pathway, the realities of rural medicine and the unique pros and cons of life as a country doctor. They touch on: 👉🏽 why James chose rural over metro 👉 the Dean’s Rural List & training pathway 👉🏾 what a “rural generalist” actually is 👉🏿 biggest clinical...

In today’s episode Dev unpacks the habits of the quiet wealthy, the people building real wealth without flexing a flashy lifestyle. He covers: 👉🏾 what is income? 👉🏿 what is wealth & what does quiet wealth mean? 👉🏻 habit 1 - building relationships 👉 habit 2 - understanding the difference between income and wealth 👉🏼 habit 3 - playing the long game 👉🏽 habit 4 - avoiding lifestyle cree...

In this episode, Dev chats with Dr Chris Sia about the journey of building Telecare - its early days, scaling operations, selling the business, and what now. They unpack: 👉🏾 how Telecare began and the early challenges 👉🏼 how the pandemic accelerated growth and demand 👉🏿 what the business model looks like today 👉 managing full-time work while running a startup 👉🏻 how they scaled and built...

In today's episode Dev unpacks private lending, touching on: 👉🏾 what it is and how it works 👉🏿 how big is the market? 👉🏻 reasons why someone might borrow using private credit 👉 it's benefits 👉🏼 it's risks 👉🏽 different types of private credit 👉🏾 and how people can get access to it Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broke...

In the second half of this conversation, Kabhir* shares how he’s building a life and career in Australia as an international medical graduate (IMG), touching on: 👉🏾 integrating into Aussie culture and language 👉 balancing ED shifts with general practice 👉🏿 the reality of GP income vs hospital perks 👉🏻 navigating permanent residency and citizenship 👉🏼 buying a first home and smart money ti...

In this first half of a two-part chat, Dev speaks with Kabhir* a doctor who migrated from Pakistan to Australia as an international medical graduate (IMG). Kabhir shares how he: 👉🏾 trained and specialised in neurosurgery in Pakistan 👉🏽 prepared for and passed the AMC exams 👉🏿 navigated visas, registration and job offers 👉🏻 compared working hours, pay and lifestyle between Pakistan and Aust...

Lifestyle creep happens when your spending quietly grows with your income. In this episode, Dev unpacks what it is and practical ways to keep it under control, touching on: 👉🏾 what is lifestyle creep? 👉🏿 what age group does lifestyle creep usually affect more 👉🏻 why is it dangerous? 👉 ways to reduce the risk of lifestyle creep Related episodes 🎧 530 what is opportunity cost? Apple Podcast...

In part 2 of this special 2-part series, Dev continues the conversation with JL Collins - author of The Simple Path to Wealth - digging into the mindset and mechanics of building financial independence that lasts a lifetime. They discuss: 👉🏻 stock series vs the book - which one should you read first? 👉🏽 why market crashes are a gift when you’re building wealth 👉🏿 dividends, buybacks & wh...

In this first half of a 2-part conversation, Dev sits down with JL Collins the author of The Simple Path to Wealth to explore his updated edition and the timeless principles of financial independence. JL shares his journey from selling fly swatters at age 8 to shaping one of the most influential voices in FIRE. They talk about: 👉🏾 why living below your means is harder than it looks 👉🏼 the cult...

In today's episode, Dev explains what depreciation is, how it works and how it can save you on tax, particularly if you own a property or run a business. He covers: 👉🏾 what is depreciation? 👉🏿 types of depreciating assets 👉🏻 why it's so important 👉 concepts within depreciation 👉🏼 the two methods - prime cost & diminishing value 👉🏽 and practical examples using these methods Dev Raga...

Today's episode is the second half of Dev's chat with Vince Scully from Life Sherpa (listen to last week's episode for part 1!), where Dev and Vince discuss: 👉🏻 should you make non concessional contributions or invest outside super? 👉 the div 296 tax 👉🏼 how much do you need in retirement Check out Dev's episode on Div 296 here: Apple Podcast | Spotify Dev Raga Personal Finance is proudly supp...

In this 2 part chat, Dev is joined by Vince Scully from Life Sherpa to unpack your questions. In part 1 they touch on: 👉🏿 pay off mortgage vs invest vs super  👉🏻 using debt recycling 👉 buying a car with cash or a car loan 👉🏼 should you pay off or leave your HECS/HELP debt Article - Should you buy a car with cash or car loan: https://lifesherpa.com.au/articles/why-paying-cash-for-your-c...

Capital gains tax aka CGT - let's talk about it! Dev unpacks: 👉🏿 what is a capital gain + short vs long term gain 👉🏻 what is capital gains tax 👉 exemptions 👉🏼 what are personal use items? 👉🏾 how does joint ownership affect CGT 👉🏽 what is cost base 👉🏻 examples of CGT calculations Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker...

In this episode Dev explains the concept of opportunity cost, touching on: 👉🏾 what it is and how it differs from sunk cost 👉🏿 a formula for working out opportunity cost 👉🏻 where you can apply the concept of opportunity cost beyond finances Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? Check out https://www.spherehomeloans.com.au...

There’s no shortage of investing advice out there, but some principles stand the test of time. In this episode, Dev breaks down 5 essential rules that smart investors live by. Simple, powerful habits to help you build real wealth over time. Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? Check out https://www.spherehomeloans.com.au Need...

Can Stockholm Syndrome apply to your investing strategy? Let's take a look! Dev unpacks: 👉🏾 what exactly happened in 1973 👉🏿 how the term Stockholm Syndrome came about 👉🏻 how this is relevant to investing 👉 and a worked example Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? Check out https://www.spherehomeloans.com.au Need to rev...

In this episode we pick the brain of Dr Ken who is a retired GP and part of the original FI movement. He has been a clinician and a patient investor over 50 years and has built a large portfolio. We discuss his medical and financial journey, and touch on some valuable lessons along the way. I also ask him about the controversial Div 296 tax and have his take on it, as he will be affected by that t...

Dev is joined by mortgage broker Rachelle Kroon from Sphere Home Loans to answer common lending questions from healthcare workers. They dive into: 👉 the pre-approval process 👉🏽 how to navigate lending with variable income 👉🏼 what to know before taking parental leave or a fellowship 👉🏿 special lending benefits for healthcare professionals 👉🏻 why cross-collateralisation can limit flexibilit...

In today's episode Dev explains the concept of strategic asset allocation and touches on: 👉🏾 what it is 👉🏿 the 4 main asset classes 👉🏻 target allocation factors 👉 risk tolerance 👉🏼 investment horizon 👉🏽 return objectives and expectations Related episodes 🎧 440 sequence of returns risk & how it affects your retirement: Apple | Spotify Dev Raga Personal Finance is proudly supported b...

In today's episode Dev unpacks the changes to superannuation that you need to know come 1 July 2025. He covers: 👉🏾 carry forward contributions 👉🏿 minimum pension drawdown 👉🏻 superannuation guarantee increase to 12% 👉 transfer balance cap 👉🏼 defined benefit income caps Related episodes: 231 superannuation part 1 - Apple | Spotify 232 superannuation part 2 - Apple | Spotify 233 superannuati...

In this episode Dev covers some basic last minute tax tips for individuals and businesses before financial year 2025 comes to a close! He touches on: 👉🏽 prepaying interest and expenses 👉🏼 offsetting capital gains with capital losses 👉🏿 personal super contributions 👉🏻 the $20k instant asset write-off for business owners 👉🏾 the $500 co-contribution scheme for low-mid income earners 👉🏼 cl...

In this episode, Dev chats with Chris Brycki, founder and CEO of Stockspot, about their new superannuation product, Stockspot Super. They unpack how it compares to traditional super funds, why it's built around ETFs, and how it handles fees, risk, insurance, and tax efficiency. The chat touches on: 👉🏾 why Stockspot launched a super product 👉🏿 how Stockspot Super differs from other super funds...