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 the disclaimer at mymillennial.money before listening to this episode. Need help with budgeting? Check o...
Jan 25, 2022•31 min•Season 2Ep. 7
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 and use coupon code "m3m" to save $20: Are you a healthcare professional? Join our Facebook community...
Jan 18, 2022•33 min•Season 2Ep. 6
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 disclaimer on mymillennial.money or at the link below before listening to this episode. Check out The Gl...
Jan 11, 2022•38 min•Season 2Ep. 5
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 Facebook community ! my millennial money medical is hosted by Dev Raga. For podcast resources, links to our ...
Jan 04, 2022•26 min•Season 2Ep. 4
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! Episode transcripts: https://bit.ly/m3meptranscripts 🛑 Please read the disclaimer on mymillennial.money or...
Dec 28, 2021•23 min•Season 2Ep. 3
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 disclaimer on mymillennial.money or at the link below before listening to this episode. Are you a healthcare profes...
Dec 21, 2021•22 min•Season 2Ep. 2
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 professional? Join our Facebook community ! Check out https://www.mymillennial.money/m3m-shownotes for our stuff, ...
Dec 14, 2021•17 min•Season 2Ep. 1
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 Hosted on Acast. See acast.com/privacy for more information.
Dec 13, 2021•1 min•Season 2Ep. 1
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. Hosted on Acast. See acast.com/privacy for more information.
Dec 08, 2021•20 min•Season 1Ep. 136
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! Hosted on Acast. See acast.com/privacy for more information.
Nov 17, 2021•33 min•Season 1Ep. 135
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. Hosted on Acast. See acast.com/privacy for more information.
Nov 07, 2021•31 min•Season 1Ep. 134
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. Hosted on Acast. See acast.com/privacy for more information.
Oct 21, 2021•32 min•Season 1Ep. 133
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. Hosted on Acast. See acast.com/privacy for more information.
Oct 10, 2021•17 min•Season 1Ep. 132
In this bonus episode I take a look at the Evergrande crisis, explain the issue and discuss the over arching lessons from it all. Hosted on Acast. See acast.com/privacy for more information.
Sep 29, 2021•14 min•Season 1Ep. 131
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!! Hosted on Acast. See acast.com/privacy for more information.
Sep 28, 2021•31 min•Season 1Ep. 131
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. Hosted on Acast. See acast.com/privacy for more information.
Sep 15, 2021•38 min•Season 1Ep. 130
In this episode, I answer the most common questions that are asked to me. Lots of interesting questions. Stay tuned!! Hosted on Acast. See acast.com/privacy for more information.
Sep 04, 2021•54 min•Season 1Ep. 129
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. Hosted on Acast. See acast.com/privacy for more information.
Aug 29, 2021•29 min•Season 1Ep. 128
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”. Hosted on Acast. See acast.com/privacy for more information.
Aug 19, 2021•33 min•Season 1Ep. 127
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! Hosted on Acast. See acast.com/privacy for more information.
Aug 12, 2021•30 min•Season 1Ep. 126
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. Hosted on Acast. See acast.com/privacy for more information.
Jul 28, 2021•25 min•Season 1Ep. 125
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. Hosted on Acast. See acast.com/privacy for more information.
Jul 08, 2021•30 min•Season 1Ep. 124
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! Hosted on Acast. See acast.com/privacy for more information.
Jun 30, 2021•58 min•Season 1Ep. 123
In this episode we tackle the issue of late starters to saving and investing. Then we go deep into the concept of Kelly criterion. Hosted on Acast. See acast.com/privacy for more information.
Jun 20, 2021•36 min•Season 1Ep. 122
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. Hosted on Acast. See acast.com/privacy for more information.
Jun 15, 2021•22 min•Season 1Ep. 121
In this episode we discuss the concept of 1/ div 293 income, 2/ div 293 super contributions, 3/ excess contributions tax, 4/ excess contributions charge. Hosted on Acast. See acast.com/privacy for more information.
Jun 08, 2021•29 min•Season 1Ep. 120
In this episode we answer a question from Raiz, and show him how he can become a multi millionaire by keeping things simple. We go on to discuss the benefits of pet ownership, and the financial costs. Hosted on Acast. See acast.com/privacy for more information.
Jun 01, 2021•26 min•Season 1Ep. 119
In this episode we revisit what dividend reinvestment means, discuss franking credits and how DSSP (dividend substitution share plan) is different. I discuss the pros and cons. Hosted on Acast. See acast.com/privacy for more information.
May 21, 2021•21 min•Season 1Ep. 118
In this episode we discuss automation, specifically in relation to paying yourself first. We break down costs, when it comes to vanguard personal investor account. Hosted on Acast. See acast.com/privacy for more information.
May 03, 2021•32 min•Season 1Ep. 117
In this episode we discuss Dr P’s question about their problem: $1million in the bank. We then discuss the power of savings rates when it comes to investment returns! Hosted on Acast. See acast.com/privacy for more information.
Apr 17, 2021•30 min•Season 1Ep. 116
