Dev Raga Personal Finance

Heads up, this episode touches on sensitive topics relating to divorce and separation. If this is upsetting you may want to skip this episode or take it slow and that's okay. On today's show Dev unpacks the concept of marriage, divorce and separation as well as:👉 how the divorce process works👉🏼 some stats around divorce in Australia👉🏾 what happens with children in the mix👉🏿 parenting arrangements👉🏽 what's a property settlement?👉 what about superannuation and how it's split?👉🏻 how does it work in WA?Parenting orders handbook: https://www.familyrelationships.gov.au/document/7261Check out episode 208 for a deep dive on BFAsLearn more about Altus Financial here: https://bit.ly/altusm3m🛑 Please read our disclaimer + warnings before listening to this episode📝 Episode transcript: https://bit.ly/m3meptranscripts🏡 Join our facebook group for healthcare professionals💸 Quick links to our resources and $20 off The Glen James Spending Planmy millennial money medical is produced by SYMO interactive, home of my millennial money. Hosted on Acast. See acast.com/privacy for more information.

What's the difference between a normal mortgage and a reverse mortgage? Dev explains and touches on:👉🏾 how they work👉🏿 how much equity is required👉🏻 the 2018 ASIC review of reverse mortgages👉 no negative equity guarantee - what is it?👉🏼 the costs👉🏽 pros and cons👉🏿 other alternatives 👉 and his personal verdictLearn more about Altus Financial here: https://bit.ly/altusm3m🛑 Please read our disclaimer + warnings before listening to this episode📝 Episode transcript: https://bit.ly/m3meptranscripts🏡 Join our facebook group for healthcare professionals💸 Quick links to our resources and $20 off The Glen James Spending Planmy millennial money medical is produced by SYMO interactive, home of my millennial money. Hosted on Acast. See acast.com/privacy for more information.

Dev answers more listener questions:👉 what's the difference between ETFs and managed funds?👉🏼 should I put more money into my super or my offset account?👉🏽 dealing with award rates and the union in your profession👉🏾 tips for turbo charging your income👉🏻 and some little known tax deductionsLearn more about Altus Financial here: https://bit.ly/altusm3m🛑 Please read our disclaimer + warnings before listening to this episode🎧 Related listening229 how to pick a stock broker033 index funds vs ETFs: which is better?052 cash flow, profit, line of credit!016 dollar cost what?125 what is de-accumulation phase?Tax deductions - check out episodes 94-99, 107, 204-206 and 227!064 what is capital gains and losses?📝 Episode transcript: https://bit.ly/m3meptranscripts🏡 Join our facebook group for healthcare professionals💸 Quick links to our resources and $20 off The Glen James Spending Planmy millennial money medical is produced by SYMO interactive, home of my millennial money. Hosted on Acast. See acast.com/privacy for more information.

Dev discusses your questions around:👉 working rurally as a health professional - the benefits and tips to consider👉🏼 filling out BAS, how GST works and managing sole trader income👉🏾 financial services/products targeting nurses👉🏿 property vs index fundsLearn more about Altus Financial here: https://bit.ly/altusm3m🎧 Related listening:026 what is arbitrage?221 couples and money220 practice ownership: things to consider!218 budgeting strategies131 shares vs property!🛑 Please read our disclaimer + warnings before listening to this episode📝 Episode transcript: https://bit.ly/m3meptranscripts🏡 Join our facebook group for healthcare professionals💸 Quick links to our resources and $20 off The Glen James Spending Planmy millennial money medical is produced by SYMO interactive, home of my millennial money. Hosted on Acast. See acast.com/privacy for more information.

Today on the show we are stoked to talk with a special guest who joins us all the way from the States, JL Collins. JL is a financial independence blogger and the author of The Simple Path to Wealth. In this chat Dev talks with JL about:👉🏾 JL's investing philosophy👉🏿 why you should avoid debt👉🏻 "a stock market crash is a gift"👉 having a 50% savings rate, is that too aggressive?👉🏼 dollar cost averaging, is JL not a fan?👉🏽 his journey from active investor turned index fund investor👉🏿 what is "FU money"👉🏻 your house being a terrible investment👉 why Vanguard and the Jack Bogle experienceLearn more about Altus Financial here: https://bit.ly/altusm3mThe Simple Path to Wealth (book)JL's websiteTime Machine and the future returns for stocks (blog post)Mr Bogle and me (blog post)The Gambler - F You (original movie clip)FU Money by J L Collins (edit of the clip from The Gambler)J L Collins Google talk🛑 Please read our disclaimer + warnings before listening to this episode🏡 Join our facebook group for healthcare professionals💸 Quick links to our resources and $20 off The Glen James Spending Planmy millennial money medical is produced by SYMO interactive, home of my millennial money. Hosted on Acast. See acast.com/privacy for more information.

What options do you have in retirement and how do you access your super? Dev talks all about this in the third and final part of the super mini-series. Make sure to check out part 1 and 2! This episode touches on:👉🏾 early release of super👉🏿 withdrawing super to pay off debt (Check out 052 cash flow, profit, line of credit!)👉🏻 transition to retirement scheme (TTR)👉 consolidating super accounts👉🏼 when can you access your super👉🏽 super and retirement👉🏻 retirement income study - the stats!👉🏾 3 main options when you retireLearn more about Altus Financial here: https://bit.ly/altusm3m🛑 Please read our disclaimer + warnings before listening to this episode📝 Episode transcript: https://bit.ly/m3meptranscripts🏡 Join our facebook group for healthcare professionals💸 Quick links to our resources and $20 off The Glen James Spending Planmy millennial money medical is produced by SYMO interactive, home of my millennial money. Hosted on Acast. See acast.com/privacy for more information.

We're continuing with part 2 of our superannuation mini-series and we cover a lot in this one so strap in! Dev talks about:👉 spousal contributions & splitting contributions👉🏼 what happens to super when you die & nominating a beneficiary👉🏽 how is superannuation taxed - accumulation / retirement phase👉🏾 changing super funds👉🏿 excess super contributions👉🏻 how is taxation/capital gains managed within super👉 the low income super offset👉🏼 super and the self employed👉🏽 what is the down sizer contributions scheme👉🏾 insurance within super👉🏿 fees in super👉🏻 superannuation guaranteeLearn more about Altus Financial here: https://bit.ly/altusm3m🛑 Please read our disclaimer + warnings before listening to this episode📝 Episode transcript: https://bit.ly/m3meptranscripts🏡 Join our facebook group for healthcare professionals💸 Quick links to our resources and $20 off The Glen James Spending Planmy millennial money medical is produced by SYMO interactive, home of my millennial money. Hosted on Acast. See acast.com/privacy for more information.

Over the next few weeks we're deep diving into the world of superannuation. In part 1 of this mini series Dev covers the basics - what super is, how it works and more, like: 👉🏿 the types of contributions - mandatory vs voluntary👉🏻 concessional / non-concessional contributions👉 how much super you should aim for or have👉🏾 contributions tax👉🏼 carry forward rules👉🏽 bring forward rulesYou might also like:120 what is div 293? The sneaky tax!051 what is an SMSF? Worth it?018 what is opportunity cost?Learn more about Altus Financial here: https://bit.ly/altusm3m🛑 Please read our disclaimer + warnings before listening to this episode📝 Episode transcript: https://bit.ly/m3meptranscripts🏡 Join our facebook group for healthcare professionals💸 Quick links to our resources and $20 off The Glen James Spending Planmy millennial money medical is produced by SYMO interactive, home of my millennial money. Hosted on Acast. See acast.com/privacy for more information.

None of us are immune to bias! Dev unpacks 13 types of biases that you may or may not have heard about and how they can affect our personal finance & investing strategy. He also touches on:👉🏾 what is cognitive/psychological bias👉🏿 some fundamental areas where bias can affect you👉🏻 the difference between bias and failed logic👉 a question from Michael who asks if there are any financial products aimed at nursesLearn more about Altus Financial here: https://bit.ly/altusm3mRelated stuffHamish Douglass article067 what is behavioural finance?217 macro-economic vs micro-economic factors🛑 Please read our disclaimer + warnings before listening to this episode📝 Episode transcript: https://bit.ly/m3meptranscripts🏡 Join our facebook group for healthcare professionals💸 Quick links to our resources and $20 off The Glen James Spending Planmy millennial money medical is produced by SYMO interactive, home of my millennial money. Hosted on Acast. See acast.com/privacy for more information.

There are so many stock brokers out there, which do you pick? Dev explains the basics of what a broker does and how to pick one that suits your needs. He covers:👉🏾 what is a brokerage firm?👉🏿 why do we need brokers?👉🏻 the difference between full service brokers vs discount/online brokers👉 roboadvisers👉🏼 how brokers make money (some common & less common ways)👉🏽 is free brokerage actually free?👉🏿 what is chess sponsorship👉🏻 the simple steps to follow when selecting a broker👉 plus Jonno from Melbourne gave some kind feedback!Learn more about Altus Financial here: https://bit.ly/altusm3mRelated episodes:217 macro-economic vs micro-economic factors🛑 Please read our disclaimer + warnings before listening to this episode📝 Episode transcript: https://bit.ly/m3meptranscripts🏡 Join our facebook group for healthcare professionals💸 Quick links to our resources and $20 off The Glen James Spending Planmy millennial money medical is produced by SYMO interactive, home of my millennial money. Hosted on Acast. See acast.com/privacy for more information.