In this episode it's time to reflect on the 10 things I have learned in 2025, and its not always about finance. Have a good Christmas and New Year period. Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? Check out https://www.spherehomeloans.com.au Need to review your personal insurances? …

In this episode Dev unpacks: 👉🏾 what is a non concessional contribution 👉🏿 the bring forward rule 👉🏻 what happens if you breach the $120k cap 👉 pros and cons of making non concessional contributions 👉🏼 downsizer contributions 👉🏽 the Government co-contribution 👉🏾 what Dev does Dev Raga Personal Finance is proudly supported by Sphere Home Loans and S…

In this episode Dev sits down with psychiatrist Dr Ava for an honest, unfiltered look at mental health in the medical profession. They unpack why doctors and healthcare workers aren’t immune to burnout, depression or family violence, how stigma keeps people silent and the real financial fallout when your health crashes. The episode touches on: 👉🏽 w…

In this episode Dev and Vince Scully discuss the newly announced changes to the div 296 tax, touching on: 👉🏻 cap or no caps 👉 CPI indexed amounts or not 👉🏼 and what marginal tax rates people will pay for balances higher than $2M Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? Check out ht…

There's so many ETFs on the market to choose from, how do you decide which one(s) to invest in? In this episode Dev shares a system based approach to selecting an ETF that's right for you. He covers: 👉🏾 ETFs vs managed funds 👉🏿 knowing your investor policy 👉🏻 what is your performance objective? 👉 what does the ETF hold? 👉🏼 ETF structure 👉🏽 liquidit…

In this episode Dev and Vince Scully from Life Sherpa unpack what an annuity is and how it can be used as a retirement income strategy. They talk about: 👉🏾 what is an annuity and how can you buy one ? 👉🏿 lifetime vs fixed annuities 👉🏽 returns 👉🏻 how does it affect the aged pension 👉 pros and cons 👉🏼 how are annuities taxed 👉🏽 what happens if the an…

In this episode Dev unpacks 6 budget types and the pros & cons of each. He walks through: 👉🏾 the 50/30/20 budget 👉🏿 cash stuffing / envelope system 👉🏻 zero based budget 👉 pay yourself first budget 👉🏼 the no budget budget 👉🏽 and Dev's personal budget strategy Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a…

Continuing on from last week's episode, Dev and Dr James* go deeper discussing boundaries in small communities, navigating burnout, and how rural doctors approach money, cost of living and investing while working in isolated areas. They chat about: 👉🏻 living and working in a tight-knit town 👉 boundaries with neighbours and patients 👉🏼 isolation, gu…

In today's episode Dev chats with rural GP Dr James* about why he chose to build his career outside the city. They explore the training pathway, the realities of rural medicine and the unique pros and cons of life as a country doctor. They touch on: 👉🏽 why James chose rural over metro 👉 the Dean’s Rural List & training pathway 👉🏾 what a “rural gene…

In today’s episode Dev unpacks the habits of the quiet wealthy, the people building real wealth without flexing a flashy lifestyle. He covers: 👉🏾 what is income? 👉🏿 what is wealth & what does quiet wealth mean? 👉🏻 habit 1 - building relationships 👉 habit 2 - understanding the difference between income and wealth 👉🏼 habit 3 - playing the long game 👉…

In this episode, Dev chats with Dr Chris Sia about the journey of building Telecare - its early days, scaling operations, selling the business, and what now. They unpack: 👉🏾 how Telecare began and the early challenges 👉🏼 how the pandemic accelerated growth and demand 👉🏿 what the business model looks like today 👉 managing full-time work while runnin…

In the second half of this conversation, Kabhir* shares how he’s building a life and career in Australia as an international medical graduate (IMG), touching on: 👉🏾 integrating into Aussie culture and language 👉 balancing ED shifts with general practice 👉🏿 the reality of GP income vs hospital perks 👉🏻 navigating permanent residency and citizenship …

In this first half of a two-part chat, Dev speaks with Kabhir* a doctor who migrated from Pakistan to Australia as an international medical graduate (IMG). Kabhir shares how he: 👉🏾 trained and specialised in neurosurgery in Pakistan 👉🏽 prepared for and passed the AMC exams 👉🏿 navigated visas, registration and job offers 👉🏻 compared working hours, p…

Lifestyle creep happens when your spending quietly grows with your income. In this episode, Dev unpacks what it is and practical ways to keep it under control, touching on: 👉🏾 what is lifestyle creep? 👉🏿 what age group does lifestyle creep usually affect more 👉🏻 why is it dangerous? 👉 ways to reduce the risk of lifestyle creep Related episodes 🎧 53…

In part 2 of this special 2-part series, Dev continues the conversation with JL Collins - author of The Simple Path to Wealth - digging into the mindset and mechanics of building financial independence that lasts a lifetime. They discuss: 👉🏻 stock series vs the book - which one should you read first? 👉🏽 why market crashes are a gift when you’re bui…

In this first half of a 2-part conversation, Dev sits down with JL Collins the author of The Simple Path to Wealth to explore his updated edition and the timeless principles of financial independence. JL shares his journey from selling fly swatters at age 8 to shaping one of the most influential voices in FIRE. They talk about: 👉🏾 why living below …

In today's episode, Dev explains what depreciation is, how it works and how it can save you on tax, particularly if you own a property or run a business. He covers: 👉🏾 what is depreciation? 👉🏿 types of depreciating assets 👉🏻 why it's so important 👉 concepts within depreciation 👉🏼 the two methods - prime cost & diminishing value 👉🏽 and practical exa…

Today's episode is the second half of Dev's chat with Vince Scully from Life Sherpa (listen to last week's episode for part 1!), where Dev and Vince discuss: 👉🏻 should you make non concessional contributions or invest outside super? 👉 the div 296 tax 👉🏼 how much do you need in retirement Check out Dev's episode on Div 296 here: Apple Podcast | Spot…

In this 2 part chat, Dev is joined by Vince Scully from Life Sherpa to unpack your questions. In part 1 they touch on: 👉🏿 pay off mortgage vs invest vs super 👉🏻 using debt recycling 👉 buying a car with cash or a car loan 👉🏼 should you pay off or leave your HECS/HELP debt Article - Should you buy a car with cash or car loan: https://lifesherpa.com.a…

Capital gains tax aka CGT - let's talk about it! Dev unpacks: 👉🏿 what is a capital gain + short vs long term gain 👉🏻 what is capital gains tax 👉 exemptions 👉🏼 what are personal use items? 👉🏾 how does joint ownership affect CGT 👉🏽 what is cost base 👉🏻 examples of CGT calculations Dev Raga Personal Finance is proudly supported by Sphere Home Loans an…

In this episode Dev explains the concept of opportunity cost, touching on: 👉🏾 what it is and how it differs from sunk cost 👉🏿 a formula for working out opportunity cost 👉🏻 where you can apply the concept of opportunity cost beyond finances Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? C…

There’s no shortage of investing advice out there, but some principles stand the test of time. In this episode, Dev breaks down 5 essential rules that smart investors live by. Simple, powerful habits to help you build real wealth over time. Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? …

Can Stockholm Syndrome apply to your investing strategy? Let's take a look! Dev unpacks: 👉🏾 what exactly happened in 1973 👉🏿 how the term Stockholm Syndrome came about 👉🏻 how this is relevant to investing 👉 and a worked example Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? Check out htt…

In this episode we pick the brain of Dr Ken who is a retired GP and part of the original FI movement. He has been a clinician and a patient investor over 50 years and has built a large portfolio. We discuss his medical and financial journey, and touch on some valuable lessons along the way. I also ask him about the controversial Div 296 tax and hav…

Dev is joined by mortgage broker Rachelle Kroon from Sphere Home Loans to answer common lending questions from healthcare workers. They dive into: 👉 the pre-approval process 👉🏽 how to navigate lending with variable income 👉🏼 what to know before taking parental leave or a fellowship 👉🏿 special lending benefits for healthcare professionals 👉🏻 why cro…

In today's episode Dev explains the concept of strategic asset allocation and touches on: 👉🏾 what it is 👉🏿 the 4 main asset classes 👉🏻 target allocation factors 👉 risk tolerance 👉🏼 investment horizon 👉🏽 return objectives and expectations Related episodes 🎧 440 sequence of returns risk & how it affects your retirement: Apple | Spotify Dev Raga Perso…

In today's episode Dev unpacks the changes to superannuation that you need to know come 1 July 2025. He covers: 👉🏾 carry forward contributions 👉🏿 minimum pension drawdown 👉🏻 superannuation guarantee increase to 12% 👉 transfer balance cap 👉🏼 defined benefit income caps Related episodes: 231 superannuation part 1 - Apple | Spotify 232 superannuation …

In this episode Dev covers some basic last minute tax tips for individuals and businesses before financial year 2025 comes to a close! He touches on: 👉🏽 prepaying interest and expenses 👉🏼 offsetting capital gains with capital losses 👉🏿 personal super contributions 👉🏻 the $20k instant asset write-off for business owners 👉🏾 the $500 co-contribution s…

In this episode, Dev chats with Chris Brycki, founder and CEO of Stockspot, about their new superannuation product, Stockspot Super. They unpack how it compares to traditional super funds, why it's built around ETFs, and how it handles fees, risk, insurance, and tax efficiency. The chat touches on: 👉🏾 why Stockspot launched a super product 👉🏿 how S…

In this episode Dev unpacks the three pillars of investing: risk, return, and volatility. He covers: 👉🏿 how to figure out your personal risk tolerance 👉🏻 why chasing high returns usually means more risk 👉 what volatility actually means (and why it’s normal) 👉🏼 what is the efficient frontier 👉🏽 how diversification helps manage risk 👉🏾 the impact of …

Please note that this episode was recorded before the May 2025 Federal Election. In today's episode Dev unpacks the proposed Division 296 legislation which will impact super balances of $3 million and above. He touches on: 👉🏾 superannuation concepts 👉🏿 the function of super 👉🏻 what is the div 296 tax? 👉 who will it impact 👉🏼 any exceptions or speci…

In today's episode Dev explains what a listed investment company is and how it works. He covers: 👉🏾 the investment options 👉🏿 management and fees 👉🏻 the difference between LICs and LITs 👉 examples of LICs 👉🏼 and their pros and cons Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? Check out…

In today's episode, Dev sits down with Felipe Araujo, CEO of Generation Life, to unpack everything you need to know about investment bonds. They cover: 👉🏽 what investment bonds are and how they work 👉🏼 who investment bonds are most suited to 👉🏿 tax benefits compared to investing outside a bond 👉🏻 how asset protection and estate planning features wo…

In this episode, Dev sits down with Dr Carmen Brown, an American-trained OB/GYN who made the bold decision to leave the US healthcare system and start a new life and career in Australia and New Zealand. They dive into Carmen’s medical journey, the brutal realities of student debt and burnout in the US, and why Australia & New Zealand offered not ju…

Let's talk about debt! Dev covers: 👉🏿 what is debt? 👉🏻 deductible vs non deductible debt 👉 what is debt recycling 👉🏼 the pros and cons of debt recycling Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? Check out https://www.spherehomeloans.com.au Need to review your personal insurances? He…

In today's episode Dev unpacks the concept of a doom loop, touching on: 👉🏿 what it is and how it works 👉🏻 what is a flywheel effect? 👉 the main causes 👉🏼 and how to break the doom loop Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? Check out https://www.spherehomeloans.com.au Need to rev…

In this episode, Dev chats with Vanessa* who is a practicing dentist and private practice owner about her 30+ year journey in dentistry. From getting into dental school to navigating staff management and overheads, Vanessa shares what it’s really like to run a dental practice and how she’s built long-term wealth along the way. *Name changed for pri…

The 4% rule is a go-to for retirement planning, but does it actually hold up? In this episode, Dev Raga breaks down what the rule gets right, where it falls short, and how you can tweak it for a more secure future. He dives into: 👉🏻 why the 4% rule was created and if it still works today 👉 how market downturns and fees can derail your retirement 👉🏼…

Jeff* is 25, a junior doctor, and already owns a home with a growing $120K share portfolio. He joins Dev to share how he got here including his journey through private medical school, navigating doctor-friendly home loans, and the investing strategy that’s setting him up for financial freedom. *Name has been changed for privacy. Jeff's story touche…

Some investing strategies come and go, but the best ones stand the test of time. In today's episode Dev shares 5 timeless investing principles to help you build lasting wealth, including: 👉🏾 having a clear financial plan 👉🏿 why diversification is key 👉🏻 minimising your investment costs 👉 having a long-term perspective 👉🏼 and knowing when to stop pl…

Today's episode is a special one as Dev sits down with Sarah*, a GP who shares her deeply personal and inspiring journey with money. Sarah shares how an arranged marriage ended in divorce and how she rebuilt financial freedom for herself and her children. *Name has been changed for privacy. Sarah's story touches on: 👉🏾 her med school journey in the…

More income, more security...right? Not always. In this episode, Dev unpacks the "two-income trap," a concept made famous by Elizabeth Warren, and why earning more doesn’t always mean financial freedom. He touches on: 👉🏾 what the two-income trap is and why it matters 👉🏿 how rising fixed costs (housing, childcare) eat away at extra income 👉🏻 why dua…

One of the questions that commonly gets asked from doctors and other professionals is how to plan for retirement, as many struggle to settle into retirement after working for 30+ years. In today's episode, Dev chats with Joanne Earl, Professor of Psychology at Macquarie University. They touch on: 👉🏾 the 6 buckets to focus on in your transition to r…

In today's episode, Dev explains the concept called "paradox of thrift". He touches on: 👉🏾 what it is 👉🏿 real world examples such as a recession 👉🏻 the circular flow economic model 👉 Keynesian economics 👉🏼 it's flaws and criticism Related episodes: 🎧 070 recessions and depressions! Dev Raga Personal Finance is proudly supported by Sphere Home Loans…

In today's chat, wills and estates lawyer Marlee Viero from Nest Legal returns to chat with Dev about wills, estate planning, and how to protect your wealth for future generations. They break down common mistakes, digital assets, tax traps, and whether a testamentary trust could be right for you. The episode touches on: 👉🏾 why estate planning is mo…

In today's episode Dev chats with Cam and Trish from Family on Fire, a family proving that FIRE (Financial Independence, Retire Early) isn’t just for singles or couples without kids. They share their unique journey of smashing the mortgage, balancing family life, and building financial independence, all while raising three kids. The interview touch…

In light of America's political climate, let's talk about what tariffs are and why they matter. Dev covers: 👉🏻 how they work 👉 why tariffs are used 👉🏼 their pros and cons 👉🏽 and unintended consequences Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth. Need a mortgage broker? Check out https://www.spherehomeloans.c…

In today’s episode Dev explains dividends, touching on: 👉🏾 what are dividends? 👉🏿 cash vs shares 👉🏻 dividends vs distribution 👉 who pays for dividends? 👉🏼 dividend dates 👉🏽 why do companies pay dividends? 👉🏾 how does a dividend affect stock prices? 👉🏿 franking credits 👉🏻 dividends and taxes 👉 dividends and dilution Dev Raga Personal Finance is prou…

In today’s episode Dev unpacks the essential financial habits and strategies to help you achieve financial stability and long-term success. He touches on: 👉🏿 setting up an emergency fund 👉🏻 not borrowing money to buy depreciating assets 👉 sticking to a budget 👉🏼 maintaining a proper emergency fund 👉🏽 paying yourself first to prioritise savings 👉🏿 e…