Dev Raga Personal Finance

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...

In this episode Dev explains the concept of hedging including: 👉🏼 what is a hedge? (no, not the green bushy stuff!) 👉🏽 how hedging strategies work 👉🏾 is hedging the same as an insurance policy? 👉🏿 what is a perfect hedge? 👉🏻 the risk/return trade off 👉 what is a derivative and 4 different types 👉🏼 types of hedging that the average investor can use 👉🏽 and the bottom line! Learn more...

In this episode Dev breaks down the concept of due diligence including: 👉🏻 what due diligence is 👉 is it illegal if you don't do it? 👉🏼10 steps that you can take to do due diligence 👉🏽 spotting red flags Take a listen to episodes 76-78 for more around P/E and P/B ratios. 🛑 Please read our disclaimer + warnings before listening to this episode 📝 Episode transcript: https://bit.ly/m3meptran...

Heads up, this episode touches on sensitive topics relating to divorce and separation. If this is upsetting you may want to skip this episode or take it slow and that's okay. On today's show Dev unpacks the concept of marriage, divorce and separation as well as: 👉 how the divorce process works 👉🏼 some stats around divorce in Australia 👉🏾 what happens with children in the mix 👉🏿 parenting ar...

What's the difference between a normal mortgage and a reverse mortgage? Dev explains and touches on: 👉🏾 how they work 👉🏿 how much equity is required 👉🏻 the 2018 ASIC review of reverse mortgages 👉 no negative equity guarantee - what is it? 👉🏼 the costs 👉🏽 pros and cons 👉🏿 other alternatives 👉 and his personal verdict Learn more about Altus Financial here: https://bit.ly/altusm3m 🛑 Pl...

Dev answers more listener questions: 👉 what's the difference between ETFs and managed funds? 👉🏼 should I put more money into my super or my offset account? 👉🏽 dealing with award rates and the union in your profession 👉🏾 tips for turbo charging your income 👉🏻 and some little known tax deductions Learn more about Altus Financial here: https://bit.ly/altusm3m 🛑 Please read our disclaimer +...

Dev discusses your questions around: 👉 working rurally as a health professional - the benefits and tips to consider 👉🏼 filling out BAS, how GST works and managing sole trader income 👉🏾 financial services/products targeting nurses 👉🏿 property vs index funds Learn more about Altus Financial here: https://bit.ly/altusm3m 🎧 Related listening: 026 what is arbitrage? 221 couples and money 220 pr...

Today on the show we are stoked to talk with a special guest who joins us all the way from the States, JL Collins. JL is a financial independence blogger and the author of The Simple Path to Wealth. In this chat Dev talks with JL about: 👉🏾 JL's investing philosophy 👉🏿 why you should avoid debt 👉🏻 "a stock market crash is a gift" 👉 having a 50% savings rate, is that too aggressive? 👉🏼 doll...

What options do you have in retirement and how do you access your super? Dev talks all about this in the third and final part of the super mini-series. Make sure to check out part 1 and 2! This episode touches on: 👉🏾 early release of super 👉🏿 withdrawing super to pay off debt (Check out 052 cash flow, profit, line of credit!) 👉🏻 transition to retirement scheme (TTR) 👉 consolidating super ac...