Dev Raga Personal Finance

Mar 25 2025 316 ep. 35 mins 312
Dev Raga Personal Finance Podcast artwork

Money concepts made simple for busy professionals, hosted by Melbourne-based doctor Dev Raga. New episodes every Wednesday.

Formerly named my millennial money professional

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513 will the 4% rule actually work for your retirement?

Mar 25 2025 17 mins  
The 4% rule is a go-to for retirement planning, but does it actually hold up? In this episode, Dev Raga breaks down what the rule gets right, where it falls short, and how you can tweak it for a more secure future. He dives into:👉🏻 why the 4% rule was created and if it still works today👉 how market downturns and fees can derail your retirement👉🏼 the hidden power of p

512 lessons from a junior doctor: saving, investing & buying a home

Mar 18 2025 48 mins  
Jeff* is 25, a junior doctor, and already owns a home with a growing $120K share portfolio. He joins Dev to share how he got here including his journey through private medical school, navigating doctor-friendly home loans, and the investing strategy that’s setting him up for financial freedom. *Name has been changed for privacy. Jeff's story touches on:👉🏾 the cost of privat

511 timeless principles of investing

Mar 11 2025 20 mins  
Some investing strategies come and go, but the best ones stand the test of time. In today's episode Dev shares 5 timeless investing principles to help you build lasting wealth, including:👉🏾 having a clear financial plan👉🏿 why diversification is key👉🏻 minimising your investment costs👉 having a long-term perspective👉🏼 and knowing when to stop playing the ga

510 from divorce to financial freedom: Sarah’s story

Mar 04 2025 45 mins  
Today's episode is a special one as Dev sits down with Sarah*, a GP who shares her deeply personal and inspiring journey with money. Sarah shares how an arranged marriage ended in divorce and how she rebuilt financial freedom for herself and her children. *Name has been changed for privacy. Sarah's story touches on:👉🏾 her med school journey in the UK👉🏿 growing up with a

509 the two income trap: why earning more isn’t always better

Feb 25 2025 16 mins  
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 doesn’t always mean financial freedom. He touches on:👉🏾 what the two-income trap is and why it matters👉🏿 how rising fixed costs (housing, childcare) eat away at extra income👉🏻 why dual-income househol

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

Feb 18 2025 45 mins  
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:👉🏾 the 6 buckets to focus on in your transition to retirement👉🏻 is wor

507 the paradox of thrift

Feb 11 2025 12 mins  
In today's episode, Dev explains the concept called "paradox of thrift". He touches on:👉🏾 what it is👉🏿 real world examples such as a recession👉🏻 the circular flow economic model👉 Keynesian economics👉🏼 it's flaws and criticismRelated episodes: 🎧 070 recessions and depressions!📝 Episode transcripts We hate email spam so we don’t create it! Sign

506 protecting your wealth: wills, estate planning & generational wealth (Q&A with a lawyer)

Feb 04 2025 46 mins  
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:👉🏾 why estate planning is more than just a will👉🏻 c

505 is FIRE even possible with a family? I talk with Cam & Trish

Jan 28 2025 60 mins  
In today's episode Dev chats with Cam and Trish from Family on Fire, a family proving that FIRE (Financial Independence, Retire Early) isn’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:👉🏾 starting their FI

504 trade wars and taxes: making sense of tariffs

Jan 21 2025 24 mins  
In light of America's political climate, let's talk about what tariffs are and why they matter. Dev covers:👉🏻 how they work👉 why tariffs are used👉🏼 their pros and cons👉🏽 and unintended consequences📝 Episode transcripts We hate email spam so we don’t create it! Sign up to our newsletter to get only the valuable money, careers and property info you need