Dev Raga Personal Finance

In today's episode Dev explains:

👉🏿 what is net asset value (NAV) and how does it relate to net worth?
👉🏽 does NAV actually help with making investment decisions?
👉 what are non-bank lenders?
👉🏼 and the pros and cons of using non-bank lenders

Learn more about Altus Financial here: https://bit.ly/altusm3m
Episodes mentioned:
077 what is price to earnings ratio (P/E)?
078 what is price to book ratio (P/B)?
222 stock market myths + wrap accounts
212 investing truths
053 what are bonds? Are they good?

🛑 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.

Burnout is unfortunately very common in the workplace, especially amongst healthcare workers, and it can impact your finances in a variety of ways. Remember to chat with your GP if you are experiencing any issues in regards to your mental health or contact Beyond Blue on 1300 22 4636 or Lifeline on 13 11 14. In this episode Dev unpacks:

👉🏾 what is burnout and what are some of the risk factors that can lead to it
👉🏻 7 questions to ask yourself if suspect you might be burnt out
👉🏿 what you can do to avoid and manage it
👉 how it can affect your finances
👉🏼 plus a listener question at the end of the episode around the pros and cons of investing in defence housing

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.

Dev unpacks 10 myths about the stock market:

👉🏾 investing in the stock market is gambling
👉🏿 the stock market is only for rich people
👉🏻 buying a stock when it falls is always a good strategy
👉 the more stocks you own, the better it is!
👉🏼 gains and losses are considered equal
👉🏽 more risk means more returns
👉 a low stock price means it's undervalued
👉🏿 everyone needs a financial adviser
👉🏾 sequence of returns doesn't matter
👉🏼 dividend yield investing is always good
👉🏻 and a question from Nyasha who asks, "What is a wrap account?"

🛑 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

Episodes mentioned:
135 gambling vs speculation!
056 what are derivatives (financial)?
203 what is diworsification?
076 what are corporate actions?
077 what is price to earnings ratio (P/E)?
078 what is price to book ratio (P/B)?
028 what is sequence of returns risk?
031 what is dividend investing?
065 dividends vs distributions
102 what is a dividend reinvestment plan (DRP)?
061 what is a trust?

📝 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 in a relationship, how you decide to manage money with your significant other is very personal. Here are 3 ways that couples can share and split finances along with some of the big money traps to avoid and how to reduce your risk of falling into them.
We also answer a question from Jason who asks, what are the big milestones in a career as a doctor and how should I financially prepare for them? The concepts discussed will be relevant to any profession that requires greater than 5 years of training.

Mentioned in the chat:
213 debt repayment strategies
208 what is a prenuptial or binding financial agreement?
2021 marriage and divorce stats
Moneysmart website
Financial Rights Legal Centre

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.

Dev covers the ins and outs of owning your own health care practice and re-negotiating contracts. Thanks Campbell and Jo for your questions! Dev unpacks:

👉🏾 the benefits, pros and cons
👉🏿 what makes a good practice
👉🏻 things to look out for when establishing or buying a practice
👉 practice ownership structure
👉🏼goodwill - who cares!
👉🏽 partnerships and red flags
👉🏿 what is profit sharing?
👉🏻 shielding yourself behind a company structure
👉🏾 contracts - negotiating for sole traders/employees
👉 trade restraint clauses
👉🏽 his overall views on practice ownership

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.

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.