Dev Raga Personal Finance

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

👉🏽 liquidity

👉🏾 costs & fees

👉🏿 who is ETF issuer?

👉🏻 net asset value

👉 currency...

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 annuity providers go bankrupt

Dev Raga Personal Finance is proudly suppor...

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 mortgage broker? Check out https://www.spherehomeloans.com....

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, guilt and burnout risks

👉🏾 cost of living & lifestyle differences

👉🏽 workfo...

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 generalist” actually is

👉🏿 biggest clinical challenges in remote settings

👉🏻 ...

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

👉🏽 habit 4 - avoiding lifestyle creep

👉🏾 habit 5 - consuming quality in...

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 running a startup

👉🏻 how they scaled and built a strong team

👉🏾 what it took to se...

In today's episode Dev unpacks private lending, touching on:

👉🏾 what it is and how it works

👉🏿 how big is the market?

👉🏻 reasons why someone might borrow using private credit

👉 it's benefits

👉🏼 it's risks

👉🏽 different types of private credit

👉🏾 and how people can get access to it

Dev Raga Personal Finance is proudly supported by Sphere Home Loans and Skye Wealth.

Need a mortgage broker? Check out https://www.sphereh...

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

👉🏼 buying a first home and smart money tips for IMGs

*Name changed for pri...

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, pay and lifestyle between Pakistan and Australia

👉 managed the “downgrade” fro...

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 🎧 530 what is opportunity cost? Apple Podcast | Spotify

Dev Raga Personal F...

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 building wealth

👉🏿 dividends, buybacks & what makes an asset truly productive

...

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 your means is harder than it looks

👉🏼 the cultural obsession with housing and w...

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 examples using these methods

Dev Raga Personal Finance is proudly suppor...

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 | Spotify

Dev Raga Personal Finance is proudly supported by Sphere Home Loans a...

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.au/articles/why-paying-cash-for-your-car-is-wrong

Dev Raga Personal...

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 and Skye Wealth.

Need a mortgage broker? Check out https://www.sphereho...

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? Check out https://www.spherehomeloans.com.au

Need to review your personal ...

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? Check out https://www.spherehomeloans.com.au

Need to review your personal insura...