Dev Raga Personal Finance

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 distributions

031 what is dividend investing?

020 what are franked dividends?

036 listed investment companies (LICS)

🛑 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 millennial money professional is produced by SYMO interactive, home of my millennial money.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf

Hosted on Acast. See acast.com/privacy for more information.

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 professionals

💸 Quick links to our resources and $20 off The Glen James Spending Plan

my millennial money professional is produced by SYMO interactive, home of my millennial money.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf

Hosted on Acast. See acast.com/privacy for more information.

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 healthcare professionals

💸 Quick links to our resources and $20 off The Glen James Spending Plan

my millennial money professional is produced by SYMO interactive, home of my millennial money.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf

Hosted on Acast. See acast.com/privacy for more information.

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 this episode

📝 Episode transcripts

💸 Quick links to our resources and $20 off The Glen James Spending Plan

my millennial money professional is produced by SYMO interactive, home of my millennial money.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf

Hosted on Acast. See acast.com/privacy for more information.

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: working rurally, property vs shares, BAS, GST & sole trader income

🛑 Please read our disclaimer + warnings before listening to this episode

🏡 Join the mmm facebook group

💸 Quick links to $20 off The Glen James Spending Plan, Glen’s book & other resources

my millennial money is produced by SYMO interactive

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf

Hosted on Acast. See acast.com/privacy for more information.

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.pdf

📢 PSA: Dev doesn't endorse any specific financial products so beware of scammers using his name

📢 PSA #2: my millennial money medical has been renamed to my millennial money professional to include the growing number of non-health care workers who listen to this show!

🛑 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 millennial money professional (formerly my millennial money medical) is produced by SYMO interactive, home of my millennial money.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf

Hosted on Acast. See acast.com/privacy for more information.

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 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 produced by SYMO interactive, home of my millennial money.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf

Hosted on Acast. See acast.com/privacy for more information.

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 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 produced by SYMO interactive, home of my millennial money.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf

Hosted on Acast. See acast.com/privacy for more information.

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 locum doctors structure their finances e.g. ABN, sole trader or Pty Ltd?

👉🏻 what makes a good locum agency?

🛑 Please read our disclaimer + warnings before listening to this episode

🏡 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 produced by SYMO interactive, home of my millennial money.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf

Hosted on Acast. See acast.com/privacy for more information.

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 private hospitals as well?

👉🏽 what makes a hospital easier to deal with?

👉🏾 how can doctors and locum agencies work better together?

👉🏿 how can locum agencies help with the stifling bureaucracy when it comes to credentialing and paperwork?

👉🏻 how does travel allowance and time taken to travel work?

Check out HealthPass: www.healthpass.au

🛑 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 produced by SYMO interactive, home of my millennial money.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. The host of this podcast is an authorised representative of Money Sherpa PTY LTD, which holds financial services license 451289. To download the financial services guide, please visit: https://moneymoneymoney.squarespace.com/s/FSG-Dev-Raga-Personal-Finance-August-2025.pdf

Hosted on Acast. See acast.com/privacy for more information.