Dev Raga Personal Finance

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 👉...

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 distributio...

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...

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 🏡 Join our facebook group for...

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...

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: workin...

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....

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 di...

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 be...

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...

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 privat...

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 disclai...

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...

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 Centrelin...

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 ab...

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 🏡 J oin our fac...

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...

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 inflatio...

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 millenn...

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 s...

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, pa...

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 in...

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 produ...

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 t...

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 23...