Dev Raga Personal Finance

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 We hate email spam so we don’t create it! Sign up to our newsletter to get only the valuable money, careers and property info you need. To get help, and to check out our online courses, resources a...

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 👉 risk...

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 👉🏾 E...

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 stu...

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...

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 listeni...

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 pl...

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 y...

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 disc...

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, i...

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 co...

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 healthcar...

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 (finan...

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...

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, inf...

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 🏡 Join our facebook group for healthcare professionals 💸 Quick links to our resources and $20 off The Gl...

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...

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...