Share

cover art for 517 why this American doctor left it all behind for Australia: Dr Carmen's story

Dev Raga Personal Finance

517 why this American doctor left it all behind for Australia: Dr Carmen's story

Season 5
โ€ข

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 Carmenโ€™s medical journey, the brutal realities of student debt and burnout in the US, and why Australia & New Zealand offered not just better working conditions, but a new lease on life. Carmen also shares how she built her consulting business Expat MD to help other doctors do the same. Her story touches on:


๐Ÿ‘‰๐Ÿพ her med school journey

๐Ÿ‘‰๐Ÿฟ why Carmen decided to leave the US

๐Ÿ‘‰๐Ÿป key differences between the US and Aussie healthcare system

๐Ÿ‘‰ what loan forgiveness is in the US and who's eligible

๐Ÿ‘‰๐Ÿผ pay, student loans & insurance differences

๐Ÿ‘‰๐Ÿฝ how Expat MD helps US doctors make the move to Australia & New Zealand


Click here to learn more about Expat MD: https://www.expatmd.com/


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

  • 528 Stockholm syndrome in investing

    14:20||Season 5
    Can Stockholm Syndrome apply to your investing strategy? Let's take a look! Dev unpacks:๐Ÿ‘‰๐Ÿพ what exactly happened in 1973๐Ÿ‘‰๐Ÿฟ how the term Stockholm Syndrome came about๐Ÿ‘‰๐Ÿป how this is relevant to investing๐Ÿ‘‰ and a worked exampleWe 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. The host of this podcast is an authorized representative of Money Sherpa PTY LTD, which holds financial services license 451289.
  • 527 lessons from 50 years of investing (with a retired GP!)

    56:47||Season 5
    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 have his take on it, as he will be affected by that tax. This one should not be missed.Ken's recommended reads:About investing for life goals - The Aspirational Investor by Ashvin Chhabra: https://amzn.to/3I92St3 Lecture on YouTube: https://youtu.be/Oe5zbOVDzMo?si=DojiE3N4sdK27qeCGreat advice for aspiring investors - How a Second Grader Beats Wall Street by Allan Roth: https://amzn.to/44kJceJBig picture on investing - The Birth of Plenty by William J Bernstein: https://amzn.to/3GmYExwInvesting cautionary tales - Devil Take the Hindmost by Edward Chancellor: https://amzn.to/44HPrZZWe 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. The host of this podcast is an authorized representative of Money Sherpa PTY LTD, which holds financial services license 451289.
  • 526 lending for medical professionals: pre-approvals, parental leave, borrowing strategies + more

    40:49||Season 5
    Dev is joined by mortgage broker Rachelle Kroon from Sphere Home Loans to answer common lending questions from healthcare workers. They dive into:๐Ÿ‘‰ the pre-approval process๐Ÿ‘‰๐Ÿฝ how to navigate lending with variable income ๐Ÿ‘‰๐Ÿผ what to know before taking parental leave or a fellowship ๐Ÿ‘‰๐Ÿฟ special lending benefits for healthcare professionals ๐Ÿ‘‰๐Ÿป why cross-collateralisation can limit flexibility ๐Ÿ‘‰๐Ÿพ how interest rate cuts impact borrowing capacityLearn more about Sphere Home Loans here: http://spherehomeloans.com.au/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.
  • 525 what is strategic asset allocation (SAA)?

    15:42||Season 5
    In today's episode Dev explains the concept of strategic asset allocation and touches on:๐Ÿ‘‰๐Ÿพ what it is ๐Ÿ‘‰๐Ÿฟ the 4 main asset classes๐Ÿ‘‰๐Ÿป target allocation factors๐Ÿ‘‰ risk tolerance๐Ÿ‘‰๐Ÿผ investment horizon๐Ÿ‘‰๐Ÿฝ return objectives and expectationsRelated episodes ๐ŸŽง 440 sequence of returns risk & how it affects your retirement: Apple | SpotifyWe 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.
  • 524 superannuation changes coming July 2025

    30:58||Season 5
    In today's episode Dev unpacks the changes to superannuation that you need to know come 1 July 2025. He covers:๐Ÿ‘‰๐Ÿพ carry forward contributions๐Ÿ‘‰๐Ÿฟ minimum pension drawdown๐Ÿ‘‰๐Ÿป superannuation guarantee increase to 12%๐Ÿ‘‰ transfer balance cap๐Ÿ‘‰๐Ÿผ defined benefit income capsRelated episodes:231 superannuation part 1 - Apple | Spotify232 superannuation part 2 - Apple | Spotify233 superannuation part 3 - Apple | SpotifyWe 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.
  • 523 tax tips to maximise EOFY savings

    26:51||Season 5
    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:๐Ÿ‘‰๐Ÿฝ prepaying interest and expenses๐Ÿ‘‰๐Ÿผ offsetting capital gains with capital losses๐Ÿ‘‰๐Ÿฟ personal super contributions๐Ÿ‘‰๐Ÿป the $20k instant asset write-off for business owners๐Ÿ‘‰๐Ÿพ the $500 co-contribution scheme for low-mid income earners๐Ÿ‘‰๐Ÿผ claiming home office expenses๐Ÿ‘‰๐Ÿฝ trust beneficiaries๐Ÿ‘‰๐Ÿฟ excess contributions and the div 293 taxWe 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.
  • 522 Stockspot super deep dive (with CEO Chris Brycki)

    50:01||Season 5
    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:๐Ÿ‘‰๐Ÿพ why Stockspot launched a super product๐Ÿ‘‰๐Ÿฟ how Stockspot Super differs from other super funds๐Ÿ‘‰๐Ÿป what investments are included in the portfolio๐Ÿ‘‰ a breakdown of fees and who they go to๐Ÿ‘‰๐Ÿฝ how Stockspot manages risk across life stages๐Ÿ‘‰๐Ÿพ how rebalancing works using super contributions๐Ÿ‘‰๐Ÿฟ pooled vs member-directed funds explained๐Ÿ‘‰ how Stockspot Super is designed to be tax effective๐Ÿ‘‰๐Ÿผ Chrisโ€™s personal money win and investing philosophyLearn more at https://www.stockspot.com.au/super/Connect with Chris on Linkedin here: https://www.linkedin.com/in/brycki/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.
  • 521 risk, return and volatility

    16:00||Season 5
    In this episode Dev unpacks the three pillars of investing: risk, return, and volatility. He covers:๐Ÿ‘‰๐Ÿฟ how to figure out your personal risk tolerance๐Ÿ‘‰๐Ÿป why chasing high returns usually means more risk๐Ÿ‘‰ what volatility actually means (and why itโ€™s normal)๐Ÿ‘‰๐Ÿผ what is the efficient frontier ๐Ÿ‘‰๐Ÿฝ how diversification helps manage risk๐Ÿ‘‰๐Ÿพ the impact of inflation on long-term returns๐Ÿ‘‰๐Ÿป modern portfolio theory๐Ÿ‘‰๐Ÿฟ why past performance isnโ€™t a reliable guide๐Ÿ‘‰ the importance of aligning your strategy with your goalsRelated episodes ๐ŸŽง228 what is modern portfolio theory? Listen on Apple | Listen on SpotifyWe 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.
  • 520 what is the div 296 tax?

    25:38||Season 5
    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:๐Ÿ‘‰๐Ÿพ superannuation concepts๐Ÿ‘‰๐Ÿฟ the function of super๐Ÿ‘‰๐Ÿป what is the div 296 tax?๐Ÿ‘‰ who will it impact๐Ÿ‘‰๐Ÿผ any exceptions or special rulesYou can read more about the legislation here: https://ministers.treasury.gov.au/sites/ministers.treasury.gov.au/files/2023-03/better-targeted-superannuation-concessions-factsheet_0.pdfWe 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.