my millennial money medical: Recent Episodes

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In today’s episode Dev interviews Dr. Dan, touching on:

👉🏾 what is his savings rate?

👉🏿 what is his locum/side hustle?

👉🏻 his story of how he got into med

👉 reaching financial literacy

👉🏼 his views on debt

👉🏽 his views on children and GI

👉🏾 private or public schools

👉🏿 will & estate planning

Related episodes 🎧

👇

307 money wins: an interview with Dr Nick

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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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.

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In today’s episode Dev explains REITs, touching on:

👉🏾 what is a trust?

👉🏿 what is a REIT?

👉🏻 various types of REITs

👉 things to consider with REITs

👉🏼 non-existent REITs

👉🏽 open-ended and close-ended

Related episodes 🎧

👇

045 what are REITs?

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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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.

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In today’s episode Dev interviews Tom of Ludicrous Feed, touching on:

👉🏾 why did he buy an EV?

👉🏿 batteries and charging

👉🏻 the driving experience

👉 manufacturing myths

👉🏼 his personal experience

👉🏽 is China a threat?

👉🏾 his investing journey

YouTube channel: youtube.com/ludicrousfeed and also my website: ludicrousfeed.com

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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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.

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In today’s episode Dev interviews Dr. Jim Dahle of the White Coat Investor, touching on:

👉🏾 American health system

👉🏿 student loans

👉🏻 how Dr. Jim invests his money?

👉 what is training like in the US?

Dr. Jim Dahle, White Coat Investor

www.whitecoatinvestor.com.

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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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.

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In today’s episode Dev interviews Vince Scully, touching on:

👉🏾 questions about portfolio drawdown?

👉🏿 preparing for retirement

👉🏻 wealth protection?

👉 case scenarios

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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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.

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In today’s episode Dev interviews Vince Scully, touching on:

👉🏾 what is Life Sherpa

👉🏿 why is financial advice expensive in Australia?

👉🏻 why are people skeptical about financial advisers in general?

👉 how is Life Sherpa different from traditional financial advice?

👉🏼 questions about portfolio construction

👉🏽 is there a one-size-fits-all all portfolio?

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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

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In today’s episode Dev interviews John Pidgeon of this is property, touching on:

👉🏾 what is a buyer's agent and what do they do?

👉🏿 how do they get paid?

👉🏻 how to select a buyer's agent?

👉 how much does it cost?

👉🏼 what about off-market sales?

👉🏽 what happens when I have a bad experience with a buyer's agent?

👉🏾 how does the negotiation process work?

👉🏿 what about commercial property?

👉🏻 does it always make sense to have a buyer's agent?

John Pidgeon

https://www.envisageproperty.com.au/

https://www.solverewealth.com.au/

https://www.solverewealth.com.au/clarity-call-with-john-pidgeon/

https://www.sortyourpropertyout.com/

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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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.

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In today’s episode Dev explains the concept of a 360 review, touching on:

👉🏾 how does a 360 review work?

👉🏿 goals of review

👉🏻 what is a traditional review?

👉 pros and cons

👉🏼 how do you give a 360 review?

👉🏽 the problems with F2F feedback

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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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.

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In today’s episode Dev interviews Youtube's most watched flight reviewer, Josh Cahill, touching on:

👉🏾 paid reviews

👉🏿 controversies

👉🏻 youtube revenue

👉 investment and savings

👉🏼 health and travel

👉🏽 traveling to dangerous places

👉🏾 experience of setting up the first all-female pilot crew in Afghanistan

👉🏿 tips for frequent flyers

Josh Cahill

YouTube's Most Watched Flight Reviewer.

www.YouTube.com/joshcahill

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To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today’s episode Dev interviews Rachelle Kroon, a mortgage broker, touching on:

👉🏾 qualifications of a mortgage broker

👉🏿 how to prepare for a meeting

👉🏻 how brokers get paid

👉 what are the focus of interest rates

👉🏼 specific loan features

👉🏽 health care workers / high-income earners

👉🏾 difference from commercial loans

👉🏿 fixed variable rates

👉🏻 penalties for breaking the rules

👉 redraw and offsets

Rachelle Kroon

https://www.spherehomeloans.com.au/

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In today’s episode Dev answers some of your questions, touching on:

👉🏾 overtime and sustainability?

👉🏿 ways to pay back credit cards?

👉🏻 increase earning potential?

👉 taxation for RNs,

👉🏼 high income earns and trusts?

👉🏽 property vs shares

Related episodes 🎧

👇

348 income per unit time vs income per unit effort

094 income and deductions!

099 little known deductions!

107 investment property deductions!

045 what are REITs?

203 what is diworsification?

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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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today’s episode Dev continues his interview with Phil Thompson - an insurance expert, going in-depth on:

👉🏽 income protection and life insurance

👉🏾 trauma insurance and TPD

👉🏿 claim rejections

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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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today’s episode Dev interviews Phil Thompson - an insurance expert, touching on:

👉🏾 the basics of insurance

👉🏿 difference of a financial advisor and insurance advisor

👉🏻 insurance via TV ads

👉 the concept of self-insurance

👉🏼 super vs non-super insurance

👉🏽 income protection and life insurance

👉🏾 trauma insurance and TPD

👉🏿 claim rejections

https://www.thisis.money/blog/2018/12/4/everything-you-need-to-know-about-life-insurance-yg3cr

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To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today’s episode, Dev continues his interview with special guest Marlee Viero who is a wills lawyer from Nest Legal. In the 2nd part of this chat Dev and Marlee touch on:

👉🏾 the role of the executor; administering the estate

👉🏿 probate vs grants

👉🏻 the role of the court

👉 invalidity of the will

👉🏼 who can challenge a will

👉🏽 digital assets

Find out more about Marlee & the team at Nest Legal: www.nestlegal.com.au

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To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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

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In today’s episode Dev interviews special guest Marlee Viero who is a lawyer specialising in wills and estate planning. They chat about:

👉🏾 what happens when you don't have a will?

👉🏿 do it yourself will kits

👉🏻 what is an executor?

👉 what is a beneficiary?

👉🏼 what is a guardian?

👉🏽 what about kids under 18?

👉🏾 distribution of assets, special items, etc.

👉🏿 what is a testamentary trust?

Find out more about Marlee & the Nest Legal team: www.nestlegal.com.au

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To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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

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In today’s episode Dev interviews special guest AG who day trades, touching on AG's experience with crypto and his personal investing philosophy. They chat about:

👉🏾 what is cryptocurrency and how do you make money from it?

👉🏿 costs of trading

👉🏻 net worth and income

👉 what is day trading and how one can compete with with "big people"

👉🏼 is time included in return calculations

👉🏽 mainstream/traditional investments

👉🏾 superannuation - where does it fit in?

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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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today’s episode Dev explains money mistakes doctors make, touching on:

👉🏾 not prioritizing relationships,

👉🏿 not doing a will and estate plan,

👉🏻 training for far too long, waiting to become a consultant

👉 poor soft skills,

👉🏼 complicating their financial life

Related episodes 🎧

208 what is a prenuptial or binding financial agreement?

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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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today’s episode Dev explains money mistakes doctors make, touching on:

👉🏾 not having a budget or financial plans

👉🏿 debt

👉🏻 lifestyle creep

👉 under insuring themselves

Related episodes 🎧

117 what is automation?

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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.

SYMO interactive Pty Ltd trading as this is money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today’s episode Dev explains buying commercial property, touching on:

👉🏿 types of commercial property

👉🏻 things to look for when buying a commercial real estate

👉 the pros & cons

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today’s episode Dev explains the concept of a share buy back, touching on:

👉🏿 shares outstanding

👉🏻 why a company buys their own shares

👉 how a company would buy back their own shares

👉🏼 earnings per share

👉🏽 price to earnings ratio

👉🏾 advantages of share buy backs

👉🏿 buy backs vs share dividends

👉🏻 share buy backs vs arbitrage

👉 his personal views on share buy backs

Related episodes 🎧

026 what is arbitrage?

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today’s episode Dev explains debt recycling, touching on:

👉🏾 debt

👉🏿 deductible vs non-deductible debt

👉🏻 debt recycling

👉 tax savings

👉🏼 advantages of debt recycling

👉🏽 disadvantages of debt recycling

👉🏾 final things to consider

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today’s episode Dev interviews renal fellow, Dr. VJ touching on:

👉🏾 his income

👉🏿 his savings rate

👉🏻 locuming

👉 his view on debt

👉🏼 personal insurance

👉🏽 kids and public vs private school

👉🏾 retirement strategy

👉🏿 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.

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In this episode, Dev answers your questions:

👉🏾 how do you balance ethical practice, making enough money, and pursuing your own passions?

👉🏿 what is redundancy insurance?

👉🏻 sole trader tips for managing money owed to the ATO

👉 income protection inside super vs outside super

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In this episode Dev has a chat with Balaji Gopal from the Head of Distribution & Financial Adviser Services at Vanguard Australia. Dev and Balaji discuss:

👉🏾 the Vanguard Personal Investor platform

👉🏿 the cost of Australian funds vs US funds

👉🏻 is Vanguard chess-sponsored and if not, why?

👉 does it cost money to hold money in the cash account?

👉🏼 the auto-invest feature

👉🏽 why is there a lag between direct debt of money and landing into investments?

👉🏾 is a parallel auto invest feature possible?

👉🏻 dividend re-investment

👉 will managed funds shut down if new ETFs are cheaper?

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.

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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Welcome to a new season, and a new name! Long time listeners might find it familiar...😉 In this episode Dev unpacks the concept of downside risk, touching on:

👉🏾 what is downside risk and the essential components

👉🏿 how to measure it

👉🏻 how to protect yourself against it

👉 and the pros and cons of risk protection

Related links:

A good overview of downside risk

A basic understanding and a calculation example

Sortino Ratio Calculator (advanced method)

Related episodes 🎧

240 what is hedging?

056 what are derivatives (financial)?

048 risk vs volatility!

041 factor investing, it's all the rage!

231-233 superannuation

📝 Episode transcripts

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In todays episode replay, Dev shares some money moves to consider making in your 40s and 50s, including:

👉🏾 managing debt

👉🏿 reviewing your net worth to see if you are you on track

👉🏻 preserving and protect your wealth

👉 pumping that superannuation fund!

👉🏼 determining how much you need in retirement

👉🏽 work choices and children's needs

Related listening 🎧

238 divorce vs separation, property settlement, parenting arrangements

080 asset allocation strategies and rebalancing

📝 Episode transcripts

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today's top episode replay Dev shares 6 money milestones for those in their 30s, including:

👉🏾 getting personal insurance, private health insurance and investing in yourself

👉🏿 defining your goals and making a written financial / investing plan

👉🏻 sorting your will and estate planning

👉 avoiding lifestyle creep

👉🏼 maximising your income - 3 A's to focus on

👉🏽 buying productive assets

Related episodes you may want to check out after listening to this episode 🎧

007 debt paying strategies

066 income protection changes may come!!

090 having a written financial plan

203 what is diworsification?

034 revisit wills, investment properties

014 do you have a will?

032 what is lifestyle creep?

134 what are CP funds? What is a buyers agent?

212 investing truths

📝 Episode transcripts

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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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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Happy holidays, we're bringing back a listener favourite! In today's episode replay Dev suggests 6 money tips to master in your 20s.

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In this episode Dev explains the concept of right sizing, including:

👉🏾 methods of rightsizing

👉🏿 the steps involved

👉🏻 the pros and cons

📝 Episode transcripts

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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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In this episode Dev explains the concept of downsizing as it relates to businesses and companies, touching on:

👉🏻 examples

👉 reasons for downsizing

👉🏼 types of mergers and acquisition

👉🏽 pros & cons

👉🏾 and downsizing strategies

📝 Episode transcripts

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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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In this episode Dev chats with Dr Nicole Higgins, President of the Royal Australian College of General Practitioners (RACGP). They touch on:

👉🏾 a bit about Dr Higgins and what the RACGP does

👉🏻 general practice as a speciality

👉 workforce challenges

👉🏼 rebates and bulk billing

👉🏿 the cost of health care

👉🏽 capitation, and more!

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today’s episode Dev explains his concept of income per unit time and income per unit effort, touching on:

👉🏾 what is income per unit time

👉🏿 why is IPUT (income per unit time) important

👉🏻 businesses vs revenue per unit sales

👉 what is income per unit effort

👉🏼 pros and cons of both concepts

📝 Episode transcripts

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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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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

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In today’s episode Dev discusses credit ratings and credit agencies, covering the following topics:

👉🏾 what is a rating?

👉🏿 the big 3

👉🏻 ratings agencies and history

👉 Fitch vs Moody vs SP Global

👉🏼 the role of credit rating agencies

👉🏽 benefits vs problems

👉🏾 what happened in 2008 vs rating agencies

👉🏿 factors affecting credit ratings

📝 Episode transcripts

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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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today's episode we're going over the basics of bonds! Dev unpacks:

👉🏼 what is a bond?

👉🏽 terminology

👉🏾 bond ratings and callability

👉🏿 risks

👉🏻 corporate bonds

👉 bond ETFs

👉🏼 debentures vs bonds

👉🏽 fixed vs floating rate bonds

Related episodes 🎧

202 bond yields, inflation + interest rates

053 what are bonds? Are they good?

214 what is the bid-ask spread?

317 what is an inverted yield curve?

080 asset allocation strategies and rebalancing

📝 Episode transcripts

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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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In this episode we're continuing our conversation with Dr Tony Chen who shares his unique travel philosophy including:

👉🏾 why he moves house every year

👉🏿 his hacks for saving money on flights and hotels

👉🏻 resources to learn more about point hacking

👉 his best hotel experience

👉🏼 and thoughts on the age old debate of private vs public education

Take a listen to last week's episode for part 1 of this chat! Tony runs the Facebook group Frequent Flying Doctors

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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

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In this 2-part interview Dev chats with Dr Tony Chen who some of you may know from the Frequent Flying Doctors Facebook group! In this episode Tony shares about:

👉🏾 his journey to becoming a radiologist

👉🏻 radiology as a career, private vs public & income

👉🏼 childhood experience of growing up as a first generation immigrant

👉 his investing philosophy

👉🏿 and why he doesn’t invest in superannuation

Stay tuned for part 2 next week where we get into travel tips and hacks!

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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In today's episode Dev explains the Dunning-Kruger effect and how it can affect your investing or career, plus how you can avoid it.

📝 Episode transcripts

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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 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.

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In today's Q&A Dev discusses:

👉🏻 how to teach money skills to your kids

👉 what is a defined benefit scheme within super

👉🏾 and what is income protection insurance

📝 Episode transcripts

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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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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Is it a good idea to consolidate your debt? Dev explains how debt consolidation works, the pros & cons to consider and how it differs from refinancing.

Related episodes 🎧

067 what is behavioural finance?

213 debt repayment strategies

📝 Episode transcripts

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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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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

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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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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 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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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 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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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.

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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.

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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 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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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 and suicide stats amongst doctors. Please 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.

We've also put together a list of support services that could help you or someone you know work through money or mental health concerns.

Related episodes 🎧

048 risk vs volatility!

087 what are investment bonds?

061 what is a trust?

326 what is accumulative advantage?

📝 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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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!

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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.

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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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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!

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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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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

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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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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

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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

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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!

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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.

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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

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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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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

📝 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 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.

SYMO interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

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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 calculator (Make a copy to use)

Related episodes 🎧

058 the economics of electric cars!

095 what are vehicle related expenses?

093 EV cost analysis: 12 months of driving a Tesla

123 EVs: 100,000km Tesla Model 3 update

225 EVs: 150,000km Tesla Model 3 update

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

📝 Episode transcripts

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

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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 pathway

👉🏻 and advice for aspiring students who want to become a doctor

Learn more about MissionMed: https://missionmed.com.au/

The book mentioned in the chat can no longer be bought separately but below are some other resources you might find helpful.

JCU Application Guide: https://missionmed.com.au/learn/jcu-written-application-guide/

UNSW Application Guide: https://missionmed.com.au/learn/unsw-written-application-guide/

UNSW Medicine ATAR + UCAT Requirements: https://missionmed.com.au/learn/unsw-medicine-atar-ucat-requirements-2023/

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

📝 Episode transcripts

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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 read our disclaimer + warnings before listening to this episode

📝 Episode transcripts

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

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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 read our disclaimer + warnings before listening to this episode

📝 Episode transcripts

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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://forevervacation.com/

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

📝 Episode transcripts

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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

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

📝 Episode transcripts

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

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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

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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, protections

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

📝 Episode transcripts

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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 episode

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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

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💸 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.

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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 disclaimer + warnings before listening to this episode

📝 Episode transcripts

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

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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

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

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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 & 109 currency trading

217 macro-economic vs micro-economic factors

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

📝 Episode transcripts

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Today we're discussing some of the financial lessons that we can learn from some of the wealthiest and broke athletes in the world. We look at both the pitfalls to avoid and the gold we can glean.

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

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Retiring can be a difficult lifestyle transition after years in the workforce so it's important to start planning before you retire. Today we're unpacking the stages of retirement, touching on:

👉🏾 what is retirement?

👉🏿 factors that might influence when you decide to retire

👉🏻 the psychological impact of retiring

👉 pre-planning

👉🏼 the actual day

👉🏽 the honeymoon period

👉🏿 the business side

👉🏾 reorganising your life

👉🏻 the final phase

👉 statistics

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

📝 Episode transcripts

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💸 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.

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In today's episode we're diving deep into the world of private health insurance with a comprehensive break down of what it is and how it works. Dev talks about:

👉🏾 what is private health insurance and what is it's benefit

👉🏿 how bulk billing works

👉🏻 why is health care becoming more expensive in Australia

👉 the stealth health care tax we don't know about

👉🏼 private health product tiers

👉🏿 out of pocket expenses

👉🏻 coverage, rebates & premiums

👉 lifetime health cover loading

👉🏼 Medicare levy and surcharge

👉🏽 age based discount

👉🏿 Dev's thoughts

Resources mentioned:

https://www.privatehealth.gov.au/

Ten Golden Rules of Private Health Insurance

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

📝 Episode transcripts

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We're back with another Q&A! In today's episode Dev unpacks questions about:

👉🏾 accrued leave vs getting paid over time

👉🏿 financial implications of various medical careers / specialties

👉🏻 how to charge a higher rate

👉 hedged vs non-hedged ETFs

👉🏼 LICs and DSSPs

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

📝 Episode transcripts

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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

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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

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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

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

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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

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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

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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

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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

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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

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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

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In this episode special guest Maz joins us on the show. Maz is a physiotherapist who left her public position to work in a private practice setting. We discuss physiotherapy as a profession and how Maz goes about her personal finances including some of the money wins she's had.

The paradox of choice | Barry Schwartz (TED Talk): https://www.youtube.com/watch?v=VO6XEQIsCoM

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

📝 Episode transcript: https://bit.ly/m3meptranscripts

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Continuing on from last week's Q&A, Dev answers more of your questions:

👉🏾 are medical financial advisers better than general advisers?

👉🏿 what are the new rules for family trusts?

👉🏻 tips for locum work

👉 transferring property to family e.g. kids

👉🏼 what is moldability and why you need it in your career

👉🏽 my portfolio has lost money, should I sell at a loss or wait for the market to bounce back?

👉🏻 Maxxia wallet - is it worth it or not?

Related listening 🎧

046 what is a financial alpha? Are financial advisers worth it?

220 practice ownership: things to consider!

227 tax time Q&A with an accountant

080 asset allocation strategies and rebalancing

064 what is capital gains and losses?

094 income and deductions!

216 active vs passive income

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

📝 Episode transcript: https://bit.ly/m3meptranscripts

🏡 Join our facebook group for healthcare professionals

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Today's episode is packed with some great listener questions touching on:

👉🏾 how do ATO payment plans work?

👉🏿 dollar cost averaging vs lump sum investing

👉🏻 pursuing FI to have freedom of career choice rather than retirement

👉 career options outside of clinical work

👉🏼 single parent, divorced & practice owner, what should I do with my money?

👉🏽 tips for transitioning from Centrelink to salary

👉🏻 private health insurance, do you need it?

👉🏾 money mindset depending on whether you grew up poor vs privileged

ATO payment plan estimator

Episodes mentioned in the chat 🎧

120 what is div 293? The sneaky tax!

067 what is behavioural finance?

223 burnout, self care + defence housing

059 is private health insurance worth it?

249 & 250 an interview with Aussie Firebug

🛑 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

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When it comes to your car insurance, do you know the pitfalls to avoid and how to negotiate a better deal? Dev unpacks it all touching on:

👉 why car insurance is so important

👉🏼 CTP and how it differs by state

👉🏽 comprehensive car insurance

👉🏾 contaminated fuel - does insurance cover that too?

👉🏿 tips on reducing your premiums

👉 specifically check exclusions - what are they?

👉🏼 what about learner drivers

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

📝 Episode transcript: https://bit.ly/m3meptranscripts

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On today's episode Dev and Aussie Firebug continue their interview touching on:

👉🏾 AFB's investing strategy 

👉🏿 achieving FIRE and the idea of retiring from work and losing purpose

👉🏻 insurances - personal, house, car and health insurance 

👉 Aussie healthcare

👉🏼 and AFB’s FIRE $ goal 

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

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

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Today on the show Dev interviews blogger and podcaster Aussie Firebug talking all things money, mindset, life and of course his FIRE journey. In part 1 they touch on:

👉🏾 The Simpsons! What does that have to do with money? Quite a lot actually

👉🏿 how AFB's mindset and investing strategy has evolved and changed from when he first began his FIRE journey

👉 factoring kids into FIRE

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

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

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You probably know about inflation but have you heard of stagflation? Dev explains the concept, touching on:

👉 what is stagflation, inflation and deflation

👉🏼 causes of stagflation

👉🏽 what can be done in response to stagflation

👉🏾 how investors can protect themselves

Related listening 🎧

217 macro-economic vs micro-economic factors

202 bond yields, inflation + interest rates

133: is inflation a problem?

027 what is inflation and why is it important?

240 what is hedging?

080 asset allocation strategies and rebalancing

🛑 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.

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Dev chats with Harry who is an accountant about some of the small money wins he has had so far. They talk about saving, investing, and how the small things in the money world can make a big difference.

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

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

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Today's episode is the last of the life stages series focusing on a few core things to consider in your 60s and beyond. Dev touches on:

👉 asset allocation and decummulation strategies

👉🏼 private health insurance

👉🏽 superannuation - again!

👉🏾 revisiting will and estate planning

👉🏿 staying active, physically and mentally

👉🏻 not neglecting growth

Related listening 🎧

080 asset allocation strategies and rebalancing

125 what is de-accumulation phase?

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

📝 Episode transcript: https://bit.ly/m3meptranscripts

🏡 Join our facebook group for healthcare professionals

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Dev talks about some money moves to consider making in your 40s and 50s, including:

👉🏾 managing debt

👉🏿 reviewing your net worth to see if you are you on track

👉🏻 preserving and protect your wealth

👉 pumping that superannuation fund!

👉🏼 determining how much you need in retirement

👉🏽 work choices and children's needs

Related listening 🎧

238 divorce vs separation, property settlement, parenting arrangements

080 asset allocation strategies and rebalancing

🛑 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.

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We're continuing our life stages series and this one's for anyone in their thirties. Dev recommends 6 things to focus on with your money, including:

👉🏾 getting personal insurance, private health insurance and investing in yourself

👉🏿 defining your goals and making a written financial / investing plan

👉🏻 sorting your will and estate planning

👉 avoiding lifestyle creep

👉🏼 maximising your income - 3 A's to focus on

👉🏽 buying productive assets

Related episodes you may want to check out after listening to this episode 🎧

007 debt paying strategies

066 income protection changes may come!!

090 having a written financial plan

203 what is diworsification?

034 revisit wills, investment properties

014 do you have a will?

032 what is lifestyle creep?

134 what are CP funds? What is a buyers agent?

212 investing truths

🛑 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.

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What are the best things you can do with your money in your 20s? Dev suggests 6 things to try and master!

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

📝 Episode transcript: https://bit.ly/m3meptranscripts

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

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Today we're chatting with Dr Tyron March. He's an ICU doctor based in Brisbane, a personal finance enthusiast and the author of Medical Money: A Practical Guide to Personal Finance and Investing for the Junior Doctor. Dev asks Tyron about:

👉🏿 his money story and what shaped his passion for personal finance

👉 the ins and outs of the book including why it's for anyone, not just doctors

👉🏼 ICU training

👉🏽 the qualities of a good doctor

👉🏾 Tyron's side business, MedKit Scrubs (check them out at the link below)

👉🏿 some of the challenges in health care

👉🏻 and his top financial tips

📘 Find Medical Money on Amazon here

Check out MedKit Scrubs

🛑 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.

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In today's episode Dev explains the purpose of an annuity and how someone might use it as part of their retirement strategy. He covers:

👉 what is an annuity and how does it work

👉🏼 the different types

👉🏽 what happens if you die?

👉🏾 how is taxation handled within annuities

👉🏿 companies that offer them

👉🏻 the good and the bad

Related listening 🎧

episode 84: what is liquidity?

episodes 231-233: a 3-part super series!

Learn more about Altus Financial here: 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.

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In this episode Dev explains the concept of hedging including:

👉🏼 what is a hedge? (no, not the green bushy stuff!)

👉🏽 how hedging strategies work

👉🏾 is hedging the same as an insurance policy?

👉🏿 what is a perfect hedge?

👉🏻 the risk/return trade off

👉 what is a derivative and 4 different types

👉🏼 types of hedging that the average investor can use

👉🏽 and the bottom line!

Learn more about Altus Financial here: 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.

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

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In this episode Dev breaks down the concept of due diligence including:

👉🏻 what due diligence is

👉 is it illegal if you don' perform due diligence

👉🏼10 steps that you can take to do due diligence

👉🏽 spotting red flags

Take a listen to episodes 76-78 for more around P/E and P/B 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.

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Heads up, this episode touches on sensitive topics relating to divorce and separation. If this is upsetting you may want to skip this episode or take it slow and that's okay. On today's show Dev unpacks the concept of marriage, divorce and separation as well as:

👉 how the divorce process works

👉🏼 some stats around divorce in Australia

👉🏾 what happens with children in the mix

👉🏿 parenting arrangements

👉🏽 what's a property settlement?

👉 what about superannuation and how it's split?

👉🏻 how does it work in WA?

Parenting orders handbook: https://www.familyrelationships.gov.au/document/7261

Check out episode 208 for a deep dive on BFAs

Learn more about Altus Financial here: 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.

Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

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What's the difference between a normal mortgage and a reverse mortgage? Dev explains and touches on:

👉🏾 how they work

👉🏿 how much equity is required

👉🏻 the 2018 ASIC review of reverse mortgages

👉 no negative equity guarantee - what is it?

👉🏼 the costs

👉🏽 pros and cons

👉🏿 other alternatives

👉 and his personal verdict

Learn more about Altus Financial here: 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.

Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

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Dev answers more listener questions:

👉 what's the difference between ETFs and managed funds?

👉🏼 should I put more money into my super or my offset account?

👉🏽 dealing with award rates and the union in your profession

👉🏾 tips for turbo charging your income

👉🏻 and some little known tax deductions

Learn more about Altus Financial here: https://bit.ly/altusm3m

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

🎧 Related listening

229 how to pick a stock broker

033 index funds vs ETFs: which is better?

052 cash flow, profit, line of credit!

016 dollar cost what?

125 what is de-accumulation phase?

Tax deductions - check out episodes 94-99, 107, 204-206 and 227!

064 what is capital gains and losses?

📝 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.

Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

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Dev discusses your questions around:👉 working rurally as a health professional - the benefits and tips to consider👉🏼 filling out BAS, how GST works and managing sole trader income👉🏾 financial services/products targeting nurses👉🏿 property vs index fundsLearn more about Altus Financial here: https://bit.ly/altusm3m🎧 Related listening:026 what is arbitrage?221 couples and money220 practice ownership: things to consider!218 budgeting strategies131 shares vs property!🛑 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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We are stoked to talk with special guest and author JL Collins on today's episode who joins us all the way from the States! We get into:👉🏾 JL's investing philosophy👉🏿 why you should avoid debt👉🏻 "a stock market crash is a gift"👉 having a 50% savings rate, is that too aggressive?👉🏼 why JL isn't a fan of dollar cost averaging👉🏽 the journey from active investor turned index fund investor👉🏿 what is "FU money"👉🏻 your house being a terrible investment👉 why Vanguard and the Jack Bogle experienceLearn more about Altus Financial here: https://bit.ly/altusm3mJL's book, The Simple Path to WealthJL's websiteTime Machine and the future returns for stocks (blog post)Mr Bogle and me (blog post)The Gambler - F You (original movie clip)FU Money by J L Collins (edit of the clip from The Gambler)J L Collins Google talk🛑 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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What options do you have in retirement and how do you access your super? Dev talks all about this in the third and final part of the super mini-series. Make sure to check out part 1 and 2! This episode touches on:👉🏾 early release of super👉🏿 withdrawing super to pay off debt (Check out 052 cash flow, profit, line of credit!)👉🏻 transition to retirement scheme (TTR)👉 consolidating super accounts👉🏼 when can you access your super👉🏽 super and retirement👉🏻 retirement income study - the stats!👉🏾 3 main options when you retireLearn more about Altus Financial here: 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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We're continuing with part 2 of our superannuation mini-series and we cover a lot in this one so strap in! Dev talks about:👉 spousal contributions & splitting contributions👉🏼 what happens to super when you die & nominating a beneficiary👉🏽 how is superannuation taxed - accumulation / retirement phase👉🏾 changing super funds👉🏿 excess super contributions👉🏻 how is taxation/capital gains managed within super👉 the low income super offset👉🏼 super and the self employed👉🏽 what is the down sizer contributions scheme👉🏾 insurance within super👉🏿 fees in super👉🏻 superannuation guaranteeLearn more about Altus Financial here: 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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Over the next few weeks we're deep diving into the world of superannuation. In part 1 of this mini series Dev covers the basics - what super is, how it works and more, like: 👉🏿 the types of contributions - mandatory vs voluntary👉🏻 concessional / non-concessional contributions👉 how much super you should aim for or have👉🏾 contributions tax👉🏼 carry forward rules👉🏽 bring forward rulesYou might also like:120 what is div 293? The sneaky tax!051 what is an SMSF? Worth it?018 what is opportunity cost?Learn more about Altus Financial here: 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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None of us are immune to bias! Dev unpacks 13 types of biases that you may or may not have heard about and how they can affect our personal finance & investing strategy. He also touches on:👉🏾 what is cognitive/psychological bias👉🏿 some fundamental areas where bias can affect you👉🏻 the difference between bias and failed logic👉 a question from Michael who asks if there are any financial products aimed at nursesLearn more about Altus Financial here: https://bit.ly/altusm3mRelated stuffHamish Douglass article067 what is behavioural finance?217 macro-economic vs micro-economic factors🛑 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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There are so many stock brokers out there, which do you pick? Dev explains the basics of what a broker does and how to pick one that suits your needs. He covers:👉🏾 what is a brokerage firm?👉🏿 why do we need brokers?👉🏻 the difference between full service brokers vs discount/online brokers👉 roboadvisers👉🏼 how brokers make money (some common & less common ways)👉🏽 is free brokerage actually free?👉🏿 what is chess sponsorship👉🏻 the simple steps to follow when selecting a broker👉 plus Jonno from Melbourne gave some kind feedback!Learn more about Altus Financial here: 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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Heads up, loads of geeky stuff in today's chat! Dev explains the ins and outs of modern portfolio theory (MPT) touching on these concepts: 👉🏼 diversification👉🏽 two main types of financial risk👉🏾 variance👉🏿 efficient frontier👉🏻 capital allocation line (CAL)👉 sharpe ratio👉🏾 post modern portfolio theory👉🏼 the pros and cons of each theory👉🏿 Dev also answers a listener question about the difference between ETFs and managed fundsBook a complimentary call with Altus Financial: https://bit.ly/altusm3mRelated content you may want to check out after listening to this episode 👇203 what is diworsification?043 40 year mortgages!! What is loss aversion?217 macro-economic vs micro-economic factors067 what is behavioural finance?124 growth vs value investing033 index funds vs ETFs: which is better?🛑 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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Tax season is here and so is our very first episode with a guest! Tax & Business Adviser, Andrew Haber from Altus Financial joins Dev to answer all your tax time questions to do with:👉🏾 property deductions👉🏿 debt recycling👉🏻 car expenses👉 work-related expenses👉🏼 CME entitlements - reimbursements👉🏻 Xero software👉🏽 trusts - Section 100A👉🏿 ATO data matching and debts👉🏾 company taxes👉 self education expenses and moreBook a complimentary chat with Altus Financial here: 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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Whether you're single or in a relationship, the basic principles of good money management still apply. Dev shares the pros and cons of being single with money plus a tip for singles entering a long term relationship.Check out Altus Financial: https://bit.ly/altusm3mRelated episodes:221 couples and money116 savings rate vs investment returns!🛑 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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Dev shares his thoughts on electric vehicles and discusses the ins and outs of owning a Tesla Model 3 such as:👉🏾 purchase price👉🏿 cost of electricity & comparison with fuel costs👉🏻 Autopilot (Model 3 specific)👉 wear and tear / servicing costs👉🏼 annoying & brilliant bits about the car👉🏽 software and updates👉🏿 charging and infrastructure, is charging a pain?👉 Tesla service👉🏾 Victoria's EV road tax👉🏻 EV marker in Australia - the competitionLearn more about Altus Financial here: 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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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 lendersLearn more about Altus Financial here: https://bit.ly/altusm3mEpisodes mentioned:077 what is price to earnings ratio (P/E)?078 what is price to book ratio (P/B)?222 stock market myths + wrap accounts212 investing truths053 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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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 housingAltus 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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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 episodeAltus Financial is for medical professionals who want to feel good about their finances. Visit https://bit.ly/altusm3mEpisodes 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 distributions102 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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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 strategies208 what is a prenuptial or binding financial agreement?2021 marriage and divorce statsMoneysmart websiteFinancial Rights Legal CentreAltus 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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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 ownershipAltus 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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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 sharesAltus Financial is for medical professionals who want to feel good about their finances. Visit https://bit.ly/altusm3mEpisodes 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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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 episodeAltus 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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

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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 policiesNote: 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 Planmy millennial money medical is produced by SYMO interactive, home of my millennial money.

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

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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 makersEpisode 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.

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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 paymentsYou might also enjoy 030 what is debt consolidationEpisode 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.

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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 involvedBelow 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.

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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 landCheck 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.

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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.

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In this episode, Dev unpacks:👉🏾a question from anon who has sold their investment property and has 500K in proceeds, what should they do?👉🏻what is a financial bubble?👉the stages of a bubble👉🏿examples of bubbles in history👉🏾Poseidon NL - does anyone remember the name?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.

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Today's episode is inspired by this listener question: Is a prenup something I should consider before getting married? How long before marriage should I start thinking about it and what are the pros and cons? My income will likely be significantly higher than my partner's and I'm wondering how to have the conversation. Dev unpacks what a binding financial agreement aka prenup, entails including:👉what happens without a prenup?👉🏼the pros and cons👉🏾conditions of prenup👉🏿when is a prenup useful?👉🏻can a judge throw out a prenup?The sections of the Family Law legislation mentioned in the chat were Section 90B - 90KA relating to marriage and Section 90UA - 90UN relating to de facto relationships. You can read these on the Australian Govt website here: https://www.legislation.gov.au/Details/C2019C00101/Html/Volume_2Episode transcripts: https://bit.ly/m3meptranscriptsmy millennial money medical is hosted by Dev Raga.🛑 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.

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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 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.

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Dev discusses more strategies that can help to reduce tax, such as:👉🏾investment bonds👉super spousal contributions👉🏻property deductionsHere'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!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.

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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 deductionsListen 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 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.

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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 contributionsEpisode 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 stuff, disclaimer & warnings about this episode + more check out: https://www.mymillennial.money/m3m-shownotesWe 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.

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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 diworsifyingDev discusses efficient frontiers here: https://player.whooshkaa.com/episode?id=930845Check out eps 050 and 080 on asset allocation!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 health care professional? Join our online community: https://www.facebook.com/groups/2261439930740208my millennial money medical is hosted by Dev Raga.Check out https://www.mymillennial.money/m3m-shownotes for our stuff, disclaimer, warnings about this episode, podcast resources + moreWe 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.

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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 professional? Join our Facebook community!Check out https://www.mymillennial.money/m3m-shownotes for our stuff, disclaimer, warnings about this episode, podcast resources + moreWe 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.

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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 portfolioEpisode 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, disclaimer, warnings about this episode, podcast resources + 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.

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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

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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.

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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!

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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.

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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.

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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.

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In this bonus episode I take a look at the Evergrande crisis, explain the issue and discuss the over arching lessons from it all.

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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!!

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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.

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In this episode, I answer the most common questions that are asked to me. Lots of interesting questions. Stay tuned!!

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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.

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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”.

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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!

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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.

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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.

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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!

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In this episode we tackle the issue of late starters to saving and investing. Then we go deep into the concept of Kelly criterion.

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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.

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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.

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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.

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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.

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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.

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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!

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In this episode we answer Dr DB’s question about dca or lump sum investing. We also do a deep dive on stock buy backs.

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This is a common topic request I get. In this episode we discuss the tax implications of investing for children. We also discuss investment bonds, ETFs, LICs, index funds, and most of all to keep healthy to teach kids good habits!!

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In this episode we answer Mohsin’s question about automation. We also dwelve deep into the world of corporate fraud, accounting fraud, white collar crime, insider trading, ponzi and pyramid schemes.

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In this episode we will discuss Dr X cryptocurrency fraud story, and go into detail about types of consumer fraud.

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In this episode we answer a question from Neets who is a final medical student who asks: how to save for a home deposit and what concessions are there for first home buyers? We also discuss the concept of rent to own home schemes!

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In this episode we will discuss the concept of rentvesting by using a typical example. Thank you Monique for suggesting this topic.

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We continue on to discuss the basics of currency trading. We cover leverage, pips, current exchange rates, factors affecting current demand and supply, government manipulation of currency. We also answer dr x’s question about carry forward of unused concessional contributions!

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In this episode we discuss currency trading, and use basic examples to highlight important points. In part 2, we will focus on pips, exchange rates, currency pairs and more.

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We have cracked 16000 unique listeners monthly!! In this episode we specifically focus on investment property deductions which are legal, and what is not allowed to be claimed. We also hear a review from the most epic username on Apple Podcasts!!

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What happened this week with Gamestop, and where to from here. I break it down in the simplest form, and provide my thoughts on an evolving story.

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I have included 10 common questions I get asked a lot. Hopefully this covers the basics about me, my podcasts and my co host!

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In this episode we discuss the concept of salary packaging / salary sacrifice. Subtopics include: capped vs uncapped benefits, meal and entertainment, help debt repayments and more.

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In this episode we tackle index weightings. There are three main ways indexes are weighted: 1) market cap, 2) price weighted, 3) unweighted. We also answer an important question about choosing your medical speciality training program.

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In this episode I reflect on the major lessons I have learnt from 2020 from a money, debt, personal finance and investing perspective. Happy new year!!

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In this episode we will tackle a listener question about the temporary residence absence rule. We also do a deep dive into the points, percentage change and basis points system!

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In this episode I discuss the concepts of dividend reinvestment plans and fractional shares. I use examples to highlight each of these concepts.

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In this episode we discuss a listener situation, a young medical student has already started to invest. Well done. We discuss the phases of market cycles, and how it may impact your investing strategy.

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In this episode I discuss how and why I started this channel, and will provide 10 basic steps to get started with your personal finances.

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This is the last episode in my deductions series. In this episode we discuss little known deductions such as ATO interest, superannuation concessional contributions, gifts and donations, political campaigns, investment costs and more.

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In this episode, Raymond gives us a tip about early stage innovation company. We also discuss self education expenses and tools and equipment. This is part 5 of 6, in our tax deductions series.

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In this episode we discuss the various ways you can use to calculate home office deductions. 1) short cut method, 2) fixed costs method, 3) actual costs method.

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After reading a lot online about people waiting to invest due to the uncertainty of next week's presidential elections, we discuss the presidential election cycle and how it affects the stock markets! The motto is always #stayinvested

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In this episode we discuss listener questions about de accumulation assets. The main topic is about work related clothing expenses with many examples to discuss real life scenarios.

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This is part 2 of my mini series on tax deductions. Let's discuss vehicle related expenses, travel expenses and the two main methods of car deductions! I also answer the most common question u get, active v passive investing and index v ETF investing.

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In this episode we will discuss the concept of income and deductions. There are differences between a tax deduction vs a tax credit. This is part 1 of a 6 part series on tax deductions.

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In this episode we do a deep dive into the costs of owning an EV. I also discuss some of the quirks and annoyance of my EV - the Tesla model 3 SR+.

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In this episode we tackle the concepts of angel investing and venture capital. Thank you to Welwyn for topic suggestion.

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In this episode we tackle bull and bear markets and discuss their definitions. We go into detail about various strategies active investors may want to employ when trading in these markets. We also tackle listener questions from a medical student called J!

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In this episode we answer a listener question about 30-30-20-20 budget strategy. We take a detailed look at a financial plan, and the important elements of it.

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I was fortunate enough to be featured in an interview with Dr David Keir who is the host of Dental Head Start Podcast. In this episode we go back to the basics of finances, and discuss some of the pitfalls that health care professionals may come across when it comes to saving, expenses, debt, investing, and retirement. If you are new to my podcast channel, you can catch up on all the major principles in this one episode. Originally aired Aug 3rd 2020 The original interview can be found here: https://www.dentalheadstart.com/devraga/ Dental Head Start website: https://www.dentalheadstart.com/home-3/ Dental Head Start Podcasts: https://www.dentalheadstart.com/subscribe-to-podcast/ Dental Head Start Facebook Page: https://www.facebook.com/dentalheadstart

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In this episode, we will extend deeper into behaviour finance topics such as prospect theory and disposition effect!

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In this episode, we will discuss the concept of utility, utility theory and how it's very relevant to our personal financial situation almost daily.

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In this episode we answer listen questions about mortgages on personal homes and investment homes. We also dive deep into investment bonds!

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In this episode we will discuss about bitcoin, which is a specific cryptocurrency.

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In this episode we will discuss about blockchain technology and use analogies to understand its real world applications.

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In this episode we will discuss the concept of liquidity when it comes to finances. Subtopics include: market liquidity, accounting liquidity, ratios, depth of market.

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In this episode we will discuss the concept of an initial public offering (IPO).

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In this episode we discuss the basics of superannuation and why it makes sense to maximise your super contributions.

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In this episode we will discuss listener questions about ETFs, LICs, and why sometimes doing nothing is the most important decision. We will go into details about bull traps, breakouts, stop loss orders, volume of orders, and candle stick graphs.

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In this episode we discuss various asset allocation strategies and the concept of rebalancing. We also get geeky and discuss subtopics of rebalancing such as smart beta.

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In this episode we discuss the major pitfalls of passive investing, is there an index investing bubble, and what is over diversification?

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In this second part we continue to discuss fundamental stock analysis for active investors. We look at price to book ratio and what it means, along with other subtopics.

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In this episode, we discuss about the power of time in the market and discuss price to earnings ratio. We use examples to highlight the merits and potential pitfalls.

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In this episode, we discuss a listener question about the ASX 200 index. We also focus on corporate action and the various subtypes including mandatory and voluntary actions.

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In this episode we discuss the concept of financial risk and use examples to relate it to personal finance.

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In this episode we discuss the core concept of socially responsible investing (SRI) ethical investing. We also discuss the plans for retirement from a personal point of view.

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In this episode we answer anonymous question about superannuation. I also discuss the main ways you can measure your financial security.

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In this episode we discuss the concept of hedging, speculation and short selling. I use examples to discuss each concept.

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In this episode i provide a 6 month update on my Tesla model 3. I also discuss where the government stimulus package is going to come from.

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In this episode we discuss recessions, is Australia at risk? We also discuss the theories behind why they happen. We also discuss briefly about a depression.

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In this episode we discuss public health principles of social distancing, and also an investment type known as annuities!

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In this episode, I discuss how markets have reacted historically to pandemics. We also look at bull v bear markets, and update on current global factors affecting the markets.

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in this episode I discuss the concepts in behavioural finance such as mental accounting, herding, anchoring, self attribution. I also discuss biases in financial decision making. I answer listeners' questions about dollar cost averaging vs lump sum investing.

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In this episode we discuss the upcoming proposed changes to income protection insurance policies.

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In this episode we discuss dividends and how it's similar and different to distributions. We also go into detail about franking credits and refunds and why it's important to maximise those.

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In this episode we discuss the key concepts of capital gains and capital losses. How do they get treated at tax time?

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In this episode we will discuss a real life example of how fees can kill your retirement nest egg.

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In this episode we will tackle the all important topic of personal services income. We will also discuss a systematic way to find out if paying your mortgage off is worth it.

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In this episode we discuss the latest news about Vanguard entering the superannuation industry in Australia, and also reduction in their fees. The main topic is about trusts, I discuss specific advantages such as income splitting and asset protection using trusts.

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In this episode we discuss a systematic approach to selecting the best real estate agent to sell your home!

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in this episode we discuss the power of focusing on 1 action to achieve goals. We also dwelve into the world of health care in Australia, and the world of private health insurance.

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In this episode I discuss my personal story of converting to an EV from a previous ICE car.

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In this episode we discuss in depth about credit reports and credit scores.

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It's my first episode back from holidays and I am refreshed. Let's talk financial derivatives, pros and cons and risks. There are 4 main types of financial derivatives we discuss in this episode.

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In this episode we discuss lessons from the past gfc1.0. We discuss strategies to prevent your personal finances to take a hit from the next recessions. Recessions are inevitable but you can take steps to minimise risks.

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In this episode we discuss the concept of planning for your holidays and how it's important to correlate this with retirement - the biggest holiday of your life. The main topic is gold, how it's related to market volatility, currency, and its pros and cons as an investment.

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In this episode we discuss about bonds, it's components and how the interest rate situation changes a bond price. Meanwhile I briefly discuss how to handle gross income for sole traders.

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In this episode we will revisit some basic budgeting strategies. The main topic is cash flow followed by profit and line of credit.

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In this episode we discuss about SMSFs and see the pros and cons. We also revisit debt repayment strategies.

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In this episode we discuss asset allocation, diversification and rebalancing. All of these are vital concepts to master.

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In this episode we discuss the financial concepts of leverage and margin and how they differ. We also discuss why it's not a good idea to just have large amounts of cash in the bank.

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In this episode we discuss the main differences between risk and volatility. We also discuss why volatility can be your friend and how best to take advantage of it in the long-term.

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It's been a year since I started podcasting about personal finance principles and concepts. Thanks for the support. Let's summarise what we have learnt so far!

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In this episode we discuss the concept of financial alpha. we also deep dive into the financial advisory service.

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In this episode we discuss REITs, how they are advantageous and what are some of the factors that impact a good REIT.

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In this episode, we discuss some of the new changes for the 2020 financial year.

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In this episode we discuss if a 40 year mortgage is a good thing or too risky. We also delve deep into financial theories such as loss aversion, prospect theory and status quo basis.

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In this episode we discuss investment properties and the concept of land to asset ratio. Is it important and if so what is the optimal ratio?

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In this episode we discuss the concept of factor investing. Is it a free lunch in investing?

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In this episode we discuss some basic rules about how to calculate house affordability and borrowing capacity. We also discuss my personal budgeting rule of thumb.

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In this episode we discuss aggressive savings rules. We also delve into robo-advisory services.

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In this episode we discuss the shocking statistic that most Australians don't invest their money in shares. We also find out what an economic moat is and why it's important to identify.

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In this episode we discuss the 4% withdrawal rate rule, and the multiply by 25 rule.

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In this episode we discuss David Bach's new book, the pay yourself mantra, discuss the pay activ app and have a detailed look at listed investment companies.

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In this episode I discuss some basic financial principles of travelling. Travelling is fun and should never affect your personal financial situation back home.

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In this episode, I discuss the importance of wills: revisiting this topic and some of the key things to consider before setting one up. Part 2 of the podcast is the investment property ticking time bomb.

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In this episode I discuss the similarities and differences between index funds and ETFs and how you need to do your sums to work out what's best for you!

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In this episode I discuss the concept of lifestyle creep and how it can seriously derail your retirement plans. There are things you can do to minimise it.

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In this episode I tackle income investing with a particular focus on dividends. Dividends are a powerful way to create wealth. In Australia we are fortunate to avoid double taxation when it comes to dividends.

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In this episode I discuss the concept of debt consolidation and differentiate it to debt agreements/settlements. I also discuss credit counseling.

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Buying a car is often the second biggest purchase you will make in your life so it makes sense to have a financial strategy for doing so. In this episode we discuss the basic things to watch out for when buying a car, and consider the financial options.

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In this episode, I discuss the all important financial concept called sequence of returns risk and why it can make or break your retirement nest egg. I also go into the tried and tested method of investing: "buy the haystack not just the needle" and "time in the market is more important than timing the market".

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In this episode we discuss the all important concept of inflation. you need to understand inflation otherwise your retirement nest egg may be worthless.

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In this episode I discuss the concept of arbitrage and various types. I also discuss a recent financial article I read about personal finance anxiety.

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In this episode I discuss some of the pitfalls of behavioural finance, summarise the findings of the Royal Commission into the banking sector, and go into detail about buying v renting a home. I also highlight a recent success story of 2 young doctors.

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In this episode we discuss about the types of emergency funds, how to save for it, where to keep the money. we also discuss debt as a whole, and why it can be a good thing but also a very bad thing. Also a big shout out to tomsmoneymagic.com!

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In this episode I discuss a simple shopping strategy which has saved us on average 80-100 dollars per fortnight for the last 12 months. I also discuss some strategies to discuss money and financial concepts to your kids.

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In this episode I discuss two articles about the habits of successful people financially, and a financial roadmap for your life. I also discuss the concept of a no spend challenge.

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In this episode we discuss the financial movement called FIRE. we also go in depth into the debt recycling strategy which may help you pay off your mortgage faster.

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Happy new year!! In this episode we discuss what are franked dividends and how any Federal Government policy change may affect you.

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We have seen significant market volatility in recent times. use it to your advantage. in this episode we talk about how to invest during uncertain times.

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In this episode we discuss the macroeconomic concept of opportunity cost, sunk cost and risk.

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In this episode I discuss some of the factors to consider with respect to the current property market in Australia focusing mainly on Melbourne and Sydney. I also share a quick savings and investment tip which you may find useful.

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Dollar Cost Averaging is an investment technique which can help you mitigate the risks of investing in the long term. in this episode we discuss the pros and cons of dollar cost averaging.

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In this episode I discuss the common investing mistakes.

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In this episode we discuss wills, powers of attorneys and testamentary trusts.

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In this episode, I discuss the tips and tricks with your superannuation and along with that discuss the tax efficiencies which are built in.

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In this episode, we dwell into the question of whether it's important to pay off debt or invest while you have debt. We discuss the many possibilities and systematically go through the pros and cons of each side.

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In this episode we dwell into the depths of buying a property in Australia. We discuss some of the pitfalls and major aspects you need to look at. buy a home with your head and not your heart.

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In this episode, I discuss the number one indicator of retiring wealthy, some geeky economic concepts (modern portfolio theory and efficient frontier) and how it relates to your personal finance, we discuss asset allocation and rebalancing your portfolio.

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In this episode, we discuss the two main ways of investing. active versus passive investing. I discuss the pros and cons of each type. Choose the best strategy that works for you.

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In this episode I discuss the various budgeting strategies you can employ. Perhaps a hybrid budgeting system is useful for u. I also talk about the concept of a helicopter view of your budget using medicine and formula 1 racing as an analogy.

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In this episode I discuss the basic strategies which you can use to pay off debts. I also discuss the way you should think about money as a whole.

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In this episode, I talk about how fees can literally make or break your retirement nest egg. Do you know all the fees associated with your investments? The chances are, you are paying fees which you don't even know about. You don't need to be smart to get rich, but you certainly can't be dumb.

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In this episode, I summarise the concepts discussed in previous podcasts. I also go into detail the main types of personal insurance and some of the key questions you need to ask yourself, your family, and the insurance company.

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In this podcast, I discuss what are some of the options when it comes to paying yourself first, and where you can put that money. I discuss various asset classes, and go into concepts like diversification. I also use an analogy to compare investing in the stock market and going grocery shopping.

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This is my 3rd podcast on personal finance topics. In this episode, I talk about some of the people who I regularly listen to, read about, or take advice from. Financial education is key to financial independence.

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This is my 2nd podcast on personal finance topics. The aim is to be financially independent as quickly as possible. In this podcast I talk about some of the common tips and tricks for your mortgage.

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This is my very first podcast about personal finance. I discuss some key concepts such as: Automatic savings, Automatic investing, Harnessing the power of compounding. I provide some examples of how powerful these concepts can be for the investor/saver.