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Dev Raga Personal Finance
Money concepts made simple for busy professionals
Latest episode
509 the two income trap: why earning more isnโt always better
16:04||Season 5More 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 doesnโt always mean financial freedom. He touches on:๐๐พ what the two-income trap is and why it matters๐๐ฟ how rising fixed costs (housing, childcare) eat away at extra income๐๐ป why dual-income households can still face financial stress๐ whether staying home with kids should be considered "paid work"๐๐ผ practical ways to avoid falling into the two-income trap๐๐ฝ plus, is it okay to borrow money to buy Christmas presents?๐ Episode transcripts We hate email spam so we donโt 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, 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 money money money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.
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508 the psychology of retirement (with Prof. Joanne Earl)
45:14||Season 5One 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:๐๐พ the 6 buckets to focus on in your transition to retirement๐๐ป is working long term a bad idea?๐๐ผ managing boredom in retirement๐๐ฝ navigating losing more loved ones in old age๐ how to practice retirement๐๐ฟ is society designed for young people?Below are the articles mentioned in the chat:A psychologist on how to know youโre ready for retirementA guide for medical practitioners transitioning to an encore career or retirement Online intervention trial for late-career medical practitioners to promote planning for retirement๐ Episode transcripts We hate email spam so we donโt 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, 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 money money money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.507 the paradox of thrift
12:08||Season 5In today's episode, Dev explains the concept called "paradox of thrift". He touches on:๐๐พ what it is๐๐ฟ real world examples such as a recession๐๐ป the circular flow economic model๐ Keynesian economics๐๐ผ it's flaws and criticismRelated episodes: ๐ง 070 recessions and depressions!๐ Episode transcripts We hate email spam so we donโt 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, 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 money money money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.506 protecting your wealth: wills, estate planning & generational wealth (Q&A with a lawyer)
46:28||Season 5In 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:๐๐พ why estate planning is more than just a will๐๐ป common pitfalls people make with their assets๐๐ผ how to protect wealth across generations๐ is there a death tax in Australia?๐๐ฟ digital assets: who controls your online life after you die?๐๐ฝ tax traps to watch out for when passing on wealth๐๐พ how a testamentary trust works and who should consider one๐๐ป choosing the right lawyer for your estate planning๐ how often you should review your will and estate planCheck out episodes 411 and 412 for the other episodes on wills & estates planning with Marlee. ๐ Episode transcripts We hate email spam so we donโt 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, 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 money money money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.505 is FIRE even possible with a family? I talk with Cam & Trish
01:00:05||Season 5In today's episode Dev chats with Cam and Trish from Family on Fire, a family proving that FIRE (Financial Independence, Retire Early) isnโt 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 touches on:๐๐พ starting their FIRE journey later in life๐๐ป smashing their mortgage by living on one income๐ balancing private school fees, extracurriculars, and savings๐๐ฝ using equity and leverage to grow their investments๐๐ฟ how a health scare shaped their financial resilience๐๐พ making FIRE fun with travel and family adventures๐ the importance of teaching kids financial literacy๐๐ฝ their "boring" strategyYou can follow Cam & Trish's journey at https://www.familyonfire.com.auWe hate email spam so we donโt 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, 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 money money money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.504 trade wars and taxes: making sense of tariffs
24:16||Season 5In light of America's political climate, let's talk about what tariffs are and why they matter. Dev covers:๐๐ป how they work๐ why tariffs are used๐๐ผ their pros and cons๐๐ฝ and unintended consequences๐ Episode transcripts We hate email spam so we donโt 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, 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 money money money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.503 demystifying dividends: how they work and why they matter
18:53||Season 5In todayโs episode Dev explains dividends, touching on:๐๐พ what are dividends?๐๐ฟ cash vs shares๐๐ป dividends vs distribution๐ who pays for dividends?๐๐ผ dividend dates๐๐ฝ why do companies pay dividends?๐๐พ how does a dividend affect stock prices?๐๐ฟ franking credits๐๐ป dividends and taxes๐ dividends and dilutionWe hate email spam so we donโt 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, 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 money money money & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services license 451289.