AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Dev Raga Personal Finance
334 investment bonds, investing via a trust, tips for graduates + more
Aug 22, 2023
Financial expert Dev discusses topics such as paying off debt vs creating an emergency fund, investment bonds, buying a home and saving for it, investing via a trust, tips for graduates, and looking after mental health.
34:52
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Paying off toxic debt fully before building an emergency fund is advisable to eliminate debt that costs you money and destroys wealth.
- Investment bonds offer tax efficiency for higher-income earners, allowing income to be taxed at the company tax rate and potential tax-free capital gains after 10 years.
Deep dives
Paying Off Debt vs. Creating an Emergency Fund
When it comes to paying off debt, it depends on the type of debt. To focus on toxic debt like consumer loans, it's advisable to pay them off fully before building an emergency fund. Leverage can amplify both wins and losses, so it's important to eliminate debt that costs you money and destroys wealth. Once the toxic loans are gone, start building an emergency fund, alongside paying yourself first.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode