165 episodes

Are you in the healthcare industry and keen to improve your financial health? my millennial money medical (formerly named Dev Raga Personal Finance) breaks down money concepts in simple terms and unpacks all things personal finance for the busy health care professional. Hosted by Melbourne based doctor, Dev Raga, come and join the conversation in the my millennial money medical Facebook group.

my millennial money medical is produced by SYMO interactive, home of the my millennial money podcast.

my millennial money medical my millennial

    • Business
    • 4.9 • 334 Ratings

Are you in the healthcare industry and keen to improve your financial health? my millennial money medical (formerly named Dev Raga Personal Finance) breaks down money concepts in simple terms and unpacks all things personal finance for the busy health care professional. Hosted by Melbourne based doctor, Dev Raga, come and join the conversation in the my millennial money medical Facebook group.

my millennial money medical is produced by SYMO interactive, home of the my millennial money podcast.

    223 burnout, self care + defence housing

    223 burnout, self care + defence housing

    Burnout is unfortunately very common in the workplace, especially amongst healthcare workers, and it can impact your finances in a variety of ways. Remember to chat with your GP if you are experiencing any issues in regards to your mental health or contact Beyond Blue on 1300 22 4636 or Lifeline on 13 11 14. In this episode Dev unpacks:


    👉🏾 what is burnout and what are some of the risk factors that can lead to it

    👉🏻 7 questions to ask yourself if suspect you might be burnt out

    👉🏿 what you can do to avoid and manage it

    👉 how it can affect your finances

    👉🏼 plus a listener question at the end of the episode around the pros and cons of investing in defence housing


    Altus Financial is for medical professionals who want to feel good about their finances. Visit 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 Plan


    my millennial money medical is produced by SYMO interactive, home of my millennial money.

    • 49 min
    222 stock market myths + wrap accounts

    222 stock market myths + wrap accounts

    Dev unpacks 10 myths about the stock market:


    👉🏾 investing in the stock market is gambling

    👉🏿 the stock market is only for rich people

    👉🏻 buying a stock when it falls is always a good strategy

    👉 the more stocks you own, the better it is!

    👉🏼 gains and losses are considered equal

    👉🏽 more risk means more returns

    👉 a low stock price means it's undervalued

    👉🏿 everyone needs a financial adviser

    👉🏾 sequence of returns doesn't matter

    👉🏼 dividend yield investing is always good

    👉🏻 and a question from Nyasha who asks, "What is a wrap account?"


    🛑 Please read our disclaimer + warnings before listening to this episode

    Altus Financial is for medical professionals who want to feel good about their finances. Visit https://bit.ly/altusm3m


    Episodes mentioned:

    135 gambling vs speculation!

    056 what are derivatives (financial)?

    203 what is diworsification?

    076 what are corporate actions?

    077 what is price to earnings ratio (P/E)?

    078 what is price to book ratio (P/B)?

    028 what is sequence of returns risk?

    031 what is dividend investing?

    065 dividends vs distributions

    102 what is a dividend reinvestment plan (DRP)?

    061 what is a trust?


    📝 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 Plan


    my millennial money medical is produced by SYMO interactive, home of my millennial money.

    • 56 min
    221 couples and money

    221 couples and money

    If you're in a relationship, how you decide to manage money with your significant other is very personal. Here are 3 ways that couples can share and split finances along with some of the big money traps to avoid and how to reduce your risk of falling into them.

    We also answer a question from Jason who asks, what are the big milestones in a career as a doctor and how should I financially prepare for them? The concepts discussed will be relevant to any profession that requires greater than 5 years of training.


    Mentioned in the chat:

    213 debt repayment strategies

    208 what is a prenuptial or binding financial agreement?

    2021 marriage and divorce stats

    Moneysmart website

    Financial Rights Legal Centre


    Altus Financial is for medical professionals who want to feel good about their finances. Visit 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 Plan


    my millennial money medical is produced by SYMO interactive, home of my millennial money.

    • 35 min
    220 practice ownership: things to consider!

    220 practice ownership: things to consider!

    Dev covers the ins and outs of owning your own health care practice and re-negotiating contracts. Thanks Campbell and Jo for your questions! Dev unpacks:


    👉🏾 the benefits, pros and cons

    👉🏿 what makes a good practice

    👉🏻 things to look out for when establishing or buying a practice

    👉 practice ownership structure

    👉🏼goodwill - who cares!

    👉🏽 partnerships and red flags

    👉🏿 what is profit sharing?

    👉🏻 shielding yourself behind a company structure

    👉🏾 contracts - negotiating for sole traders/employees

    👉 trade restraint clauses

    👉🏽 his overall views on practice ownership


    Altus Financial is for medical professionals who want to feel good about their finances. Visit 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 Plan


    my millennial money medical is produced by SYMO interactive, home of my millennial money.

    • 51 min
    219 Q&A: risk profiles, borrowing to invest, life insurance, parental leave, planning for kids + more

    219 Q&A: risk profiles, borrowing to invest, life insurance, parental leave, planning for kids + more

    In today's episode we're discussing your questions. Make sure to be part of our facebook group for health care workers where you can ask a question for the show! In today's episode Dev discusses:


    👉🏼 what asset classes should be included in a well diversified portfolio?

    👉🏽 borrowing to invest / leverage like using the NAB equity builder

    👉🏾 what's the impact of HECS/HELP debt on getting a home loan?

    👉🏿 life insurance and income protection considerations for health care workers

    👉🏻 preparing for parental leave + financial planning with young children

    👉 investment strategy for retirement

    👉🏼 the basics of investing in shares


    Altus Financial is for medical professionals who want to feel good about their finances. Visit https://bit.ly/altusm3m


    Episodes mentioned:

    049 leverage vs margin!

    033 index funds vs ETFs: which is better?

    036 listed investment companies (LICS)

    116 savings rate vs investment returns!

    027 what is inflation and why is it important?

    133: is inflation a problem?


    🛑 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 Plan


    my millennial money medical is produced by SYMO interactive, home of my millennial money.

    • 52 min
    218 budgeting strategies

    218 budgeting strategies

    The best budgeting strategy is the one that works for you. In this episode Dev shares a few, including:


    👉🏻 4 budgeting strategies to manage your personal finances (50/30/20, zero-based, values-based and the Dev Raga budget)

    👉 4 types of corporate budgets that can be used by businesses (incremental, activity-based, value proposition and zero-based)

    👉🏾 3 ways that managers can create a budget for their staff

    👉🏿 and a positive review - wow! Thanks


    🛑 Please read our disclaimer + warnings before listening to this episode


    Altus Financial is for medical professionals who want to feel good about their finances. Visit https://bit.ly/altusm3m


    📝 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 Plan


    my millennial money medical is produced by SYMO interactive, home of my millennial money.

    • 36 min

Customer Reviews

4.9 out of 5
334 Ratings

334 Ratings

dr*** ,

Thee

I could give more than 5 stars for each and every episode.
Dev has done an outstanding job educating us with easy to understand explanations and examples.
Best of all, he has no vested interest for any financial gain from listeners so I value greatly of his opinion.

Dr Cindy DY ,

Good show

I had a routine to listen your podcast every Wednesday. Such an informative podcast and I hope you can run that as long as you can!

Bulldogs baby ,

An awesome addition to the m3 team

I really enjoy this podcast! Whilst not a clinician, I do work in health and am a personal finance nerd, so this is right up my alley. I love how Dev presents the content using examples throughout. So glad to have another m3 podcast to add to my playlist.

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