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Dev Raga Personal Finance
517 why this American doctor left it all behind for Australia: Dr Carmen's story
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 Carmenโs 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:
๐๐พ her med school journey
๐๐ฟ why Carmen decided to leave the US
๐๐ป key differences between the US and Aussie healthcare system
๐ what loan forgiveness is in the US and who's eligible
๐๐ผ pay, student loans & insurance differences
๐๐ฝ 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/
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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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528 Stockholm syndrome in investing
14:20||Season 5Can Stockholm Syndrome apply to your investing strategy? Let's take a look! Dev unpacks:๐๐พ what exactly happened in 1973๐๐ฟ how the term Stockholm Syndrome came about๐๐ป how this is relevant to investing๐ and a worked exampleWe 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. 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 5In 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 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. 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 5Dev is joined by mortgage broker Rachelle Kroon from Sphere Home Loans to answer common lending questions from healthcare workers. They dive into:๐ the pre-approval process๐๐ฝ how to navigate lending with variable income ๐๐ผ what to know before taking parental leave or a fellowship ๐๐ฟ special lending benefits for healthcare professionals ๐๐ป why cross-collateralisation can limit flexibility ๐๐พ how interest rate cuts impact borrowing capacityLearn more about Sphere Home Loans here: http://spherehomeloans.com.au/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 451289.525 what is strategic asset allocation (SAA)?
15:42||Season 5In today's episode Dev explains the concept of strategic asset allocation and touches on:๐๐พ what it is ๐๐ฟ the 4 main asset classes๐๐ป target allocation factors๐ risk tolerance๐๐ผ investment horizon๐๐ฝ return objectives and expectationsRelated episodes ๐ง 440 sequence of returns risk & how it affects your retirement: Apple | SpotifyWe 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 451289.524 superannuation changes coming July 2025
30:58||Season 5In today's episode Dev unpacks the changes to superannuation that you need to know come 1 July 2025. He covers:๐๐พ carry forward contributions๐๐ฟ minimum pension drawdown๐๐ป superannuation guarantee increase to 12%๐ transfer balance cap๐๐ผ 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 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 451289.523 tax tips to maximise EOFY savings
26:51||Season 5In 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:๐๐ฝ prepaying interest and expenses๐๐ผ offsetting capital gains with capital losses๐๐ฟ personal super contributions๐๐ป the $20k instant asset write-off for business owners๐๐พ the $500 co-contribution scheme for low-mid income earners๐๐ผ claiming home office expenses๐๐ฝ trust beneficiaries๐๐ฟ excess contributions and the div 293 taxWe 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 451289.522 Stockspot super deep dive (with CEO Chris Brycki)
50:01||Season 5In 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:๐๐พ why Stockspot launched a super product๐๐ฟ how Stockspot Super differs from other super funds๐๐ป what investments are included in the portfolio๐ a breakdown of fees and who they go to๐๐ฝ how Stockspot manages risk across life stages๐๐พ how rebalancing works using super contributions๐๐ฟ pooled vs member-directed funds explained๐ how Stockspot Super is designed to be tax effective๐๐ผ Chrisโs 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 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 451289.521 risk, return and volatility
16:00||Season 5In this episode Dev unpacks the three pillars of investing: risk, return, and volatility. He covers:๐๐ฟ how to figure out your personal risk tolerance๐๐ป why chasing high returns usually means more risk๐ what volatility actually means (and why itโs normal)๐๐ผ what is the efficient frontier ๐๐ฝ how diversification helps manage risk๐๐พ the impact of inflation on long-term returns๐๐ป modern portfolio theory๐๐ฟ why past performance isnโt a reliable guide๐ the importance of aligning your strategy with your goalsRelated episodes ๐ง228 what is modern portfolio theory? Listen on Apple | Listen on SpotifyWe 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 451289.520 what is the div 296 tax?
25:38||Season 5Please 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:๐๐พ superannuation concepts๐๐ฟ the function of super๐๐ป what is the div 296 tax?๐ who will it impact๐๐ผ 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 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.