In today's episode Dev unpacks the three bucket retirement strategy, touching on: 👉🏾 emergency savings and liquid assets 👉🏿 medium term holdings 👉🏻 longer term holdings with a bit more risk 👉 2 key factors to watch for 👉🏼 rebalance rules 👉🏽 and the pros & cons 📝 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 and d...
Oct 03, 2023•23 min
On today's show Dev explains the ten rules every investor should keep in mind: 👉🏾 reversion to the mean 👉🏿 the markets always overcorrect 👉🏻 excesses are a red flag! 🚩 👉 bear markets have 3 stages 👉🏼 invest regularly 👉🏽 keep your emotions in check 👉🏾 time in the market, not timing the market 👉🏿 risk vs volatility 👉🏻 experts are usually wrong 👉 diversify! Related episodes 🎧 091 investing in bull and bear markets! 048 risk vs volatility! 📝 Episode transcripts We hate email spa...
Sep 26, 2023•21 min
The power of compounding also applies to investment fees so it’s important to know what you’re paying when you invest! In this episode Dev touches on: 👉🏾 why is investing not free 👉🏿 ETFs vs managed funds 👉🏻 basic fees to pay attention to 👉 what is a broker and brokerage 👉🏼 3 take home points 👉🏽 the productivity commission statement on super fees 👉🏾 and Lincoln's question about bond yields Related episodes 🎧 229 how to pick a stock broker 301 calculating returns 📝 Episode transcri...
Sep 19, 2023•22 min
Let's take it back to basics! In this episode Dev unpacks: 👉🏻 should you save or invest 'pay yourself money'? 👉 the pros & cons of saving 👉🏽 the pros & cons of investing 👉🏼 how to calculate your savings rate 👉🏽 savings stats in Australia 👉🏿 investing concepts 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 and downloads (+ our disc...
Sep 12, 2023•23 min
In the second part of this interview Dev and Dr Dean chat about: 👉🏾 how Dean invests 👉🏿 his thoughts on debt 👉🏻 he and his partner's FI number 👉 public vs private education 👉🏼 his personal protection plan (insurances, wills and estate planning) 👉🏽 and money wins 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 and downloads (+ our disclaime...
Sep 06, 2023•31 min
In part 1 of this 2-part interview, medical doctor Dr Dean shares some of his career journey in medicine, savings habits and tips for productivity at work. In part 2 Dev and Dean get into investing, debt and more ways that Dean and his wife manage their money. 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 and downloads (+ our disclaimers and warnin...
Sep 05, 2023•33 min
In this Q&A episode Dev touches on: 👉🏾 the private health industry post-covid 👉🏿 vet careers and earning less than what people may think 👉🏻 salary packaging and HECS/HELP 👉 the process/cost of elective egg freezing 👉🏽 and how much of your income should you aim to save? Related listening 🎧 309 private health insurance 105 what is salary packaging? 116 savings rate vs investment returns! 📝 Episode transcripts We hate email spam so we don’t create it! Sign up to our newsletter to get...
Aug 29, 2023•30 min
In today's Q&A Dev discusses: 👉 paying off debt fully vs creating an emergency fund and paying debt off gradually 👉🏼 investment bonds 👉 early career fellow - the pros and cons of buying a $2-3m home 👉🏽 saving 100% towards a home vs 50/50 invest & save 👉🏾 investing via a trust 👉🏿 first graduate job - tips for building a good financial foundation 👉🏻 looking after your mental health TW: Towards the end of the episode Dev gives a trigger warning before sharing some mental health ...
Aug 22, 2023•35 min
In today's episode we're continuing part 2 our chat with Owen Rask from the Rask Group talking about: 👉🏾 value investing and how to value a company 👉🏿 the index fund bubble - is it all just hype? 👉🏻 investing as a high net worth individual 👉 Owen's top money win tip Listen to part 1 here ! 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 and do...
Aug 15, 2023•42 min
In today's episode we're chatting with Owen Rask, cohost of the Australian Finance Podcast and founder of the Rask Group. Owen shares about his career prior to Rask and what motivated him to start the business, his investment philosophy, thoughts on the home ownership crisis and more. 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 and downloads (+ o...
Aug 08, 2023•50 min
In today's episode, Dev chats with Kate Campbell from the Australian Finance Podcast about: 👉🏻 her story 👉🏾 FIRE 👉🏿 her career 👉 superannuation 👉🏼 money wins 👉🏽 and more! 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 and downloads (+ our disclaimers and warnings), click here . Any advice is general financial advice only which does not ta...
Aug 01, 2023•54 min
In today's episode we're chatting about how the concept of game theory applies to investing! Dev touches on: 👉🏻 what is game theory and how does it work? 👉🏾 nash equilibrium explained 👉🏿 various games/circumstances 👉🏽 common uses of game theory in economics & investing Related listening 🎧 088 what is utility theory? 📝 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 hel...
Jul 25, 2023•28 min
In today's money wins episode Dev chats with Dr Ted, a junior doctor from Victoria. Ted and Dev discuss: 👉🏾 tips for junior doctors & interns 👉🏻 career pathways in medicine 👉🏾 debt 👉🏿 investing 👉🏻 money tips 👉 and more! 🛑 Please read our disclaimer + warnings before listening to this episode 📝 Episode transcripts 🏡 Join the mmm facebook group 💸 Quick links to our resources and $20 off The Glen James Spending Plan my millennial money professional is produced by SYMO interactive...
Jul 18, 2023•52 min
In today's episode we're continuing with part 2 of the interview with Captain FI chatting about: 👉🏾 his investment strategy and income streams 👉🏿 net worth and how he calculated his FI number 👉🏽 his thoughts on "retiring early" 👉 + top tips from his personal finance journey 🛑 Please read our disclaimer + warnings before listening to this episode 📝 Episode transcripts 🏡 Join the mmm facebook group 💸 Quick links to our resources and $20 off The Glen James Spending Plan my millennial mon...
Jul 11, 2023•31 min
In today's episode, retired pilot Captain FI joins us for a special interview about his journey to reaching FIRE at the age of 30. In part 1 Captain FI shares about: 👉🏿 his childhood and the lessons he learned about money 👉🏻 his training and costs to become a pilot 👉 airline perks 👉🏽 are frequent flyer programs worth it? 👉🏾 achieving an 80% savings rate and if it was worth it 👉🏻 the negatives of being a pilot (some of these will surprise you!) Stay tuned for part 2 next week! We hate ...
Jul 04, 2023•51 min
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 and downloads (+ our disclaimers and warnings), click here . Any advice is general financial advice o...
Jun 27, 2023•16 min
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 👉 risks and pitfalls 👉🏼 the index fund bubble - is it a risk? 👉🏽 Dev's personal view on index funds 📝...
Jun 20, 2023•33 min
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 👉🏾 EV discounts with respect to FBT 👉🏿 comparing the cost breakdown Dr CY's EV novated lease calculato...
Jun 13, 2023•1 hr 12 min
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 students start preparing for med school 👉🏿 getting into med school later in life with a post grad pat...
Jun 06, 2023•45 min
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 medical interviews 👉🏿 Jason and Matthew's tips and learnings 👉🏾 what MissionMed does 🛑 Please ...
May 30, 2023•49 min
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 listening 🎧 077 what is price to earnings ratio (P/E)? 078 what is price to book ratio (P/B)? 🛑 Please re...
May 23, 2023•24 min
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 planning a tour and looking for a company + more Learn more about ForeverVacation: https://forevervaca...
May 16, 2023•57 min
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 your premiums 👉 accidental damage 👉🏿 things to consider when selecting an insurance company 🛑 Ple...
May 09, 2023•22 min
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 disclaimer + warnings before listening to this episode 📝 Episode transcripts 🏡 Join our facebook group...
May 02, 2023•33 min
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, inflation + interest rates 053 what are bonds? Are they good? 302 recessions, depressions, causes, pr...
Apr 25, 2023•24 min
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 course Luke's money wins and tips! 🛑 Please read our disclaimer + warnings before listening to this e...
Apr 18, 2023•57 min
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 healthcare professionals 💸 Quick links to our resources and $20 off The Glen James Spending Plan my millenni...
Apr 11, 2023•41 min
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 (financial)? 240 what is hedging? 027 what is inflation and why is it important? 🛑 Please read our discla...
Apr 04, 2023•16 min
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 🛑 Please read our disclaimer + warnings before listening to this episode 📝 Episode transcripts 🏡 J...
Mar 28, 2023•21 min
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, inflation + interest rates 053 what are bonds? Are they good? 056 what are derivatives (financial)? 108...
Mar 21, 2023•19 min
