In today's episode we're discussing your questions. Make sure to be part of our facebook group for health care workers where you can ask a question for the show! In today's episode Dev discusses:

👉🏼 what asset classes should be included in a well diversified portfolio?
👉🏽 borrowing to invest / leverage like using the NAB equity builder
👉🏾 what's the impact of HECS/HELP debt on getting a home loan?
👉🏿 life insurance and income protection considerations for health care workers
👉🏻 preparing for parental leave + financial planning with young children
👉 investment strategy for retirement
👉🏼 the basics of investing in shares

Altus Financial is for medical professionals who want to feel good about their finances. Visit https://bit.ly/altusm3m

Episodes mentioned:
049 leverage vs margin!
033 index funds vs ETFs: which is better?
036 listed investment companies (LICS)
116 savings rate vs investment returns!
027 what is inflation and why is it important?
133: is inflation a problem?

🛑 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.

The best budgeting strategy is the one that works for you. In this episode Dev shares a few, including:

👉🏻 4 budgeting strategies to manage your personal finances (50/30/20, zero-based, values-based and the Dev Raga budget)
👉 4 types of corporate budgets that can be used by businesses (incremental, activity-based, value proposition and zero-based)
👉🏾 3 ways that managers can create a budget for their staff
👉🏿 and a positive review - wow! Thanks

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

Altus Financial is for medical professionals who want to feel good about their finances. Visit https://bit.ly/altusm3m

📝 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.

Dev breaks down some examples of macro-economic and micro-economic factors and ultimately how they affect us and the economy. He also explains how businesses can maximise their profits by focusing on 6 micro-economic factors and answers a listener question about burnout in the medical profession.
Altus Financial is for medical professionals who want to feel good about their finances. Visit https://bit.ly/altusm3m

🛑 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.

Using active income to invest in assets which generate a passive income is a common strategy when working towards becoming financially independent. In this episode Dev unpacks:

👉🏾 what is income
👉🏿 assessable income vs taxable income (Check out episodes 094 to 099 on tax deductions)
👉🏻active income and the pros and cons of it
👉 types of passive income and the pros and cons
👉🏼 maximising your income per unit time
👉🏽 and a listener question: tips for reviewing and negotiating insurance policies

Note: The stock portfolio expense deduction used in the example was incorrect. It should be $1,250 not $12,500. You can check out the correct breakdown here.

Altus Financial is for medical professionals who want to feel good about their finances. Visit https://bit.ly/altusm3m

🛑 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.

Some great questions and topics from the my millennial money medical community. Today Dev discusses:

👉🏾 deductible vs non-deductible debt
👉🏿 offset vs redraw facility
👉🏼 a breakdown of investment property costs
👉🏽 burnout in health care
👉🏻 the ethics of private billing in health care
👉 salary packaging - listen to episode 204
👉🏼 saving on an allied health salary (or any salary!)
👉🏿 the stigma around profiting from health care

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

📝 Download a transcript of this episode: 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.

In this episode Dev chats about:
👉🏾 Thopian's question: How long can I rent out a property without paying capital gains tax on its sale👉🏿 what is the bid ask price👉 what is liquidity? For an in-depth explanation on liquidity listen to episode 084👉🏼 the bid ask spread👉🏽 what are market makers
Episode transcripts: https://bit.ly/m3meptranscripts
🛑 Please read the disclaimer at mymillennial.money before listening to this episode.
Need help with 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!
Click here for podcast resources, links to our stuff, disclaimer & warnings about this episode + more.

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.

The best method to pay down debt is the one that works for you! In this episode Dev shares:
👉🏾 what is consumer debt👉🏿 revolving vs non-revolving debt👉🏻 the pros and cons👉 the debt avalanche method👉🏼 the debt snowball method👉🏽 the debt consolidation method👉🏾 balance transfer method👉🏻 checking your recurring payments
You might also enjoy 030 what is 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 out The Glen James Spending Plan and use coupon code "m3m" to save $20.
Are you a healthcare professional? Join our Facebook community!
Click here for podcast resources, links to our stuff, disclaimer & warnings about this episode + more.

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 this episode Dev covers these 13 investing truths:
👉🏾 asset allocation👉🏿 diversification👉🏻 the market is uncertain👉 understanding and managing risk👉🏼 time in the market, not timing the market👉🏽 no perfect investment strategy👉🏾 money doesn't have emotions👉🏿 market crashes can be good👉🏻 investing is not a get rich quick scheme👉 buy the haystack, be boring👉🏼 fees matter👉🏽 investing is behavioural👉🏾 start early, do it forever👉🏿 and answers a question from Lee who asks how to wind down an SMSF. We discuss the 6 steps involved
Below are the episodes that were mentioned in the chat.
051 what is an SMSF? Worth it?
075 what is financial risk?
043 40 year mortgages!! What is loss aversion?
067 what is behavioural finance?
Episode transcripts: https://bit.ly/m3meptranscripts
🛑 Please read the disclaimer at mymillennial.money before listening to this episode.
Need help with 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!
Click here for podcast resources, links to our stuff, disclaimer & warnings about this episode + more.
We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast.

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 covers some of the restrictions you might encounter when buying property or considering a knock down rebuild. Dev shares:
👉🏾 a listener's experience - K has a bad surprise at the time of building their home👉🏻 what are covenants, zones and overlays👉 the process of removing a covenant👉🏿 burdened land vs benefited land
Check with your local state and council regulations before buying any property. In large parts of Melbourne, there are significant landscape overlays - beware!
If you're in Victoria you can head to https://mapshare.vic.gov.au/ to check the zonings on a property.
Episode transcripts: https://bit.ly/m3meptranscripts
🛑 Please read the disclaimer at mymillennial.money before listening to this episode.
Need help with 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!
Click here for podcast resources, links to our stuff, disclaimer & warnings about this episode + more.
We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast.

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 what a margin of safety is in accounting, business, investing and personal finance. Plus Dev speaks a little on deep value investing vs growth at a reasonable rate. We go full on geek mode!
Listen to ep 75 for more on financial risk here.
Episode transcripts: https://bit.ly/m3meptranscripts
🛑 Please read the disclaimer at mymillennial.money before listening to this episode.
Need help with 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!
Click here for podcast resources, links to our stuff, disclaimer & warnings about this episode + more.
We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast.

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.