Share

cover art for Dev Raga Personal Finance

Dev Raga Personal Finance

Money concepts made simple for busy professionals


Latest episode

  • 509 the two income trap: why earning more isnโ€™t always better

    16:04||Season 5
    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 doesnโ€™t always mean financial freedom. He touches on:๐Ÿ‘‰๐Ÿพ what the two-income trap is and why it matters๐Ÿ‘‰๐Ÿฟ how rising fixed costs (housing, childcare) eat away at extra income๐Ÿ‘‰๐Ÿป why dual-income households can still face financial stress๐Ÿ‘‰ whether staying home with kids should be considered "paid work"๐Ÿ‘‰๐Ÿผ practical ways to avoid falling into the two-income trap๐Ÿ‘‰๐Ÿฝ plus, is it okay to borrow money to buy Christmas presents?๐Ÿ“ Episode transcripts We hate email spam so we donโ€™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, 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.

More episodes

View all episodes

  • 508 the psychology of retirement (with Prof. Joanne Earl)

    45:14||Season 5
    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:๐Ÿ‘‰๐Ÿพ the 6 buckets to focus on in your transition to retirement๐Ÿ‘‰๐Ÿป is working long term a bad idea?๐Ÿ‘‰๐Ÿผ managing boredom in retirement๐Ÿ‘‰๐Ÿฝ navigating losing more loved ones in old age๐Ÿ‘‰ how to practice retirement๐Ÿ‘‰๐Ÿฟ is society designed for young people?Below are the articles mentioned in the chat:A psychologist on how to know youโ€™re 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 retirement๐Ÿ“ Episode transcripts We hate email spam so we donโ€™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, 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 5
    In today's episode, Dev explains the concept called "paradox of thrift". He touches on:๐Ÿ‘‰๐Ÿพ what it is๐Ÿ‘‰๐Ÿฟ real world examples such as a recession๐Ÿ‘‰๐Ÿป the circular flow economic model๐Ÿ‘‰ Keynesian economics๐Ÿ‘‰๐Ÿผ it's flaws and criticismRelated episodes: ๐ŸŽง 070 recessions and depressions!๐Ÿ“ Episode transcripts We hate email spam so we donโ€™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, 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 5
    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:๐Ÿ‘‰๐Ÿพ why estate planning is more than just a will๐Ÿ‘‰๐Ÿป common pitfalls people make with their assets๐Ÿ‘‰๐Ÿผ how to protect wealth across generations๐Ÿ‘‰ is there a death tax in Australia?๐Ÿ‘‰๐Ÿฟ digital assets: who controls your online life after you die?๐Ÿ‘‰๐Ÿฝ tax traps to watch out for when passing on wealth๐Ÿ‘‰๐Ÿพ how a testamentary trust works and who should consider one๐Ÿ‘‰๐Ÿป choosing the right lawyer for your estate planning๐Ÿ‘‰ 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. ๐Ÿ“ Episode transcripts We hate email spam so we donโ€™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, 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 5
    In today's episode Dev chats with Cam and Trish from Family on Fire, a family proving that FIRE (Financial Independence, Retire Early) isnโ€™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 touches on:๐Ÿ‘‰๐Ÿพ starting their FIRE journey later in life๐Ÿ‘‰๐Ÿป smashing their mortgage by living on one income๐Ÿ‘‰ balancing private school fees, extracurriculars, and savings๐Ÿ‘‰๐Ÿฝ using equity and leverage to grow their investments๐Ÿ‘‰๐Ÿฟ how a health scare shaped their financial resilience๐Ÿ‘‰๐Ÿพ making FIRE fun with travel and family adventures๐Ÿ‘‰ the importance of teaching kids financial literacy๐Ÿ‘‰๐Ÿฝ their "boring" strategyYou can follow Cam & Trish's journey at https://www.familyonfire.com.auWe hate email spam so we donโ€™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, 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 5
    In light of America's political climate, let's talk about what tariffs are and why they matter. Dev covers:๐Ÿ‘‰๐Ÿป how they work๐Ÿ‘‰ why tariffs are used๐Ÿ‘‰๐Ÿผ their pros and cons๐Ÿ‘‰๐Ÿฝ and unintended consequences๐Ÿ“ Episode transcripts We hate email spam so we donโ€™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, 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 5
    In todayโ€™s episode Dev explains dividends, touching on:๐Ÿ‘‰๐Ÿพ what are dividends?๐Ÿ‘‰๐Ÿฟ cash vs shares๐Ÿ‘‰๐Ÿป dividends vs distribution๐Ÿ‘‰ who pays for dividends?๐Ÿ‘‰๐Ÿผ dividend dates๐Ÿ‘‰๐Ÿฝ why do companies pay dividends?๐Ÿ‘‰๐Ÿพ how does a dividend affect stock prices?๐Ÿ‘‰๐Ÿฟ franking credits๐Ÿ‘‰๐Ÿป dividends and taxes๐Ÿ‘‰ dividends and dilutionWe hate email spam so we donโ€™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, 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.