Money concepts made simple for busy professionals, hosted by Melbourne-based doctor Dev Raga. New episodes every Wednesday. Formerly named my millennial money professional Hosted on Acast. See acast.com/privacy for more information.
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On the Captain FI podcast I open the cockpit to the Best and Brightest in Personal Finance, and those who've reached or are on their way to Financial Independence. We learn the secrets of their success and explore useful tools, where I also reflect on my own journey to Financial Independence and Retiring Early.
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436 GP balancing act: patients, procedures and money
1:06:36
1:06:36
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1:06:36
In todayβs episode Dev interviews Dr, Moz, touching on: ππΎ his journey in medicine ππΏ what is your subspecialty/niche? ππ» do you think that subspecialisation is essential in 2024? π income opportunities in your area? ππΌ tell us about about market/podcasting ππ½ AI in your practice ππΎ investing philosophy ππΏ money wins We hate email spam so we donβt β¦
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435 what it takes to be a surgeon + navigating money
55:31
55:31
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55:31
In todayβs episode, Dev interviews Dr. Andrew, touching on: ππΎ training and specialties ππΏ a day in the life of a surgeon ππ» Royal Australasian College of Surgeons.(RACS) training program π streaming in healthcare ππΌ his thoughts on streaming ππ½ trainees and their suitability for the job ππΎ his investing philosophy ππΏ money wins We hate email spam β¦
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In todayβs episode Dev explains dollar cost averaging, touching on: ππΎ what is dollar cost averaging? ππΏ why it may be a good strategy? ππ» the two main types of DCA π pros and cons of DCA Related episodes π§ π 016 dollar cost what? 252 DCA vs lump sum investing, careers outside of clinical work, ATO payment plans + more We hate email spam so we donββ¦
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433 the side hustling GP + transitioning as an international medical graduate in WA
1:19:42
1:19:42
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1:19:42
In todayβs episode Dev interviews Michael Poplawski, touching on: ππΎ who is Dr. Mike? ππΏ what does he do? ππ» what are his side hustles? π how was it transitioning into the healthcare system of Australia? ππΌ what are the current issues with general practitioners? ππ½ his youtube channel: gp on the move ππΎ philosophy on investing and savings ππΏ insuraβ¦
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432 using AI in the medical industry
1:04:18
1:04:18
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In todayβs episode Dev interviews, I-Scribe co-founder, Sudesh, touching on: ππΎ where is AI (artificial intelligence) going? ππΏ the role of AI in note-taking ππ» software development π F.I.R.E ππΌ property and shares ππ½ debt and concepts ππΎ superannuation and investing philosophy ππΏ IScribe (notetaking app) ππ» risks and benefits π personal safety ππΌ β¦
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431 binding financial agreements (a deep dive with a family lawyer + mediator part 2)
45:03
45:03
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45:03
In todayβs episode Dev interviews Joe Buckley, touching on: ππΎ what is BFA? ππΏ can it override family law acts? ππ» what makes BFA valid or invalid? π when does it make sense to have a BFA? ππΌ how to kids change BFA? ππ½ how much does it cost to create a BFA? ππΎ any tips on addressing BFA with partner? Joe Buckley joe@vistamediation.com.au We hate emβ¦
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430 divorce; kids and separation (deep dive with family lawyer + mediator)
1:10:46
1:10:46
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1:10:46
In todayβs episode Dev interviews Joe; touching on: ππΎ how do you become a family law specialist? ππΏ what is divorce? ππ» what is property settlement? π what is parenting arrangement? ππΌ is there minimum separation period? ππ½ stats on divorce? ππΎ what is the divorce application process? ππΏ why is Western Australia (WA) different? ππ»how much do lawyeβ¦
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429 achieving F.I.R.E. at a young age (an interview with Dave Gow of Strong Money Australia)
55:08
55:08
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55:08
In todayβs episode Dev interviews Dave Gow of Strong Money Australia, touching on: ππΎ savings rate? ππΏ property vs shares ππ» financial independence retire early (F.I.R.E) principles π debt and recycling ππΌ superannuation ππ½ children and financial independence ππΎ approach to investing ππΏ money wins We hate email spam so we donβt create it! Sign up tβ¦
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428 economics of EVs: Tesla M3 265,000km - the end!
1:01:16
1:01:16
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Dev Raga continues his tradition of comparing his Tesla Model 3 SR+ which he purchased in 2019 with his previous Diesel. In this episode we focus on the economics of EVs, and whether it makes sense to purchase in EVs in the: ππΎ current climate of high costs of living ππΏ petrol/diesel prices ππ» servicing costs π all the features EV's offer ππΌ the anβ¦
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In todayβs episode Dev interviews Renee from Vanguard, touching on: ππΎ about VG Super ππΏ the fees ππ» is it different to Super structures offered elsewhere? π who owns the assets? ππΌ who is the back-up? ππ½ tell us about the auto-adjust ππΎ what are the products VG offers ππΏ what about capital gains? ππ» can I switch without taxes? Related episodes π§ πβ¦
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426 full-time locuming, choosing a subspecialty, side hustling + more (a chat with Dr Chris)
1:02:57
1:02:57
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1:02:57
In todayβs episode, Dev interviews Dr. Chris, touching on: ππΎ what is his savings rate? ππΏ getting the perspective of a doctor for locuming ππ» his side hustle π views on debt ππΌ his medical training and subspecialty ππ½ does he maximize his superannuation? ππΎ views on children and FI ππΏ his investing philosophy ππ» money wins Related episodes π§ π 307β¦
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425 passive income as a doctor, reaching financial literacy, locuming + more (a chat with Dr Dan)
51:28
51:28
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51:28
In todayβs episode Dev interviews Dr. Dan, touching on: ππΎ what is his savings rate? ππΏ what is his locum/side hustle? ππ» his story of how he got into med π reaching financial literacy ππΌ his views on debt ππ½ his views on children and GI ππΎ private or public schools ππΏ will & estate planning Related episodes π§ π 307 money wins: an interview with Drβ¦
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In todayβs episode Dev explains REITs, touching on: ππΎ what is a trust? ππΏ what is a REIT? ππ» various types of REITs π things to consider with REITs ππΌ non-existent REITs ππ½ open-ended and close-ended Related episodes π§ π 045 what are REITs? We hate email spam so we donβt create it! Sign up to our newsletter to get only the valuable money, careers β¦
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423 the experience of owning a Telsa (interview with an EV YouTuber)
54:00
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54:00
In todayβs episode Dev interviews Tom of Ludicrous Feed, touching on: ππΎ why did he buy an EV? ππΏ batteries and charging ππ» the driving experience π manufacturing myths ππΌ his personal experience ππ½ is China a threat? ππΎ his investing journey YouTube channel: youtube.com/ludicrousfeed and also my website: ludicrousfeed.com We hate email spam so we β¦
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422 money & investing as a doctor in the US
1:05:18
1:05:18
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In todayβs episode Dev interviews Dr. Jim Dahle of the White Coat Investor, touching on: ππΎ American health system ππΏ student loans ππ» how Dr. Jim invests his money? π what is training like in the US? Dr. Jim Dahle, White Coat Investor www.whitecoatinvestor.com. We hate email spam so we donβt create it! Sign up to our newsletter to get only the valβ¦
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421 drawing down on your portfolio in retirement (Q&A with Vince Scully) part 2
57:29
57:29
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57:29
In todayβs episode Dev interviews Vince Scully, touching on: ππΎ questions about portfolio drawdown? ππΏ preparing for retirement ππ» wealth protection? π case scenarios We hate email spam so we donβt 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 courseβ¦
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420 what a financial adviser does and the cost + tools for portfolio building (Q&A with Vince Scully) part 1
1:04:20
1:04:20
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1:04:20
In todayβs episode Dev interviews Vince Scully, touching on: ππΎ what is Life Sherpa ππΏ why is financial advice expensive in Australia? ππ» why are people skeptical about financial advisers in general? π how is Life Sherpa different from traditional financial advice? ππΌ questions about portfolio construction ππ½ is there a one-size-fits-all all portfoβ¦
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419 buyerβs agent Q&A: residential & commercial property with John Pidgeon from this is property
55:57
55:57
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55:57
In todayβs episode Dev interviews John Pidgeon of this is property, touching on: ππΎ what is a buyer's agent and what do they do? ππΏ how do they get paid? ππ» how to select a buyer's agent? π how much does it cost? ππΌ what about off-market sales? ππ½ what happens when I have a bad experience with a buyer's agent? ππΎ how does the negotiation process woβ¦
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In todayβs episode Dev explains the concept of a 360 review, touching on: ππΎ how does a 360 review work? ππΏ goals of review ππ» what is a traditional review? π pros and cons ππΌ how do you give a 360 review? ππ½ the problems with F2F feedback We hate email spam so we donβt create it! Sign up to our newsletter to get only the valuable money, careers anβ¦
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417 how does an airline vlogger make money and invest?
53:34
53:34
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53:34
In todayβs episode Dev interviews Youtube's most watched flight reviewer, Josh Cahill, touching on: ππΎ paid reviews ππΏ controversies ππ» youtube revenue π investment and savings ππΌ health and travel ππ½ traveling to dangerous places ππΎ experience of setting up the first all-female pilot crew in Afghanistan ππΏ tips for frequent flyers Josh Cahill YouTβ¦
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416 fixed vs variable, redraw vs offset, commercial loans, preparing to meet a broker + more (Q&A with a mortgage broker)
1:10:31
1:10:31
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In todayβs episode Dev interviews Rachelle Kroon, a mortgage broker, touching on: ππΎ qualifications of a mortgage broker ππΏ how to prepare for a meeting ππ» how brokers get paid π what are the focus of interest rates ππΌ specific loan features ππ½ health care workers / high-income earners ππΎ difference from commercial loans ππΏ fixed variable rates ππ» β¦
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415 Q&A: overtime, burn out, property v shares, productive assets and more
38:47
38:47
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38:47
In todayβs episode Dev answers some of your questions, touching on: ππΎ overtime and sustainability? ππΏ ways to pay back credit cards? ππ» increase earning potential? π taxation for RNs, ππΌ high income earns and trusts? ππ½ property vs shares Related episodes π§ π 348 income per unit time vs income per unit effort 094 income and deductions! 099 little β¦
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414 life, TPD, trauma & income insurance (the basics, self-insuring, using an adviser or DIY + more) part 2
41:21
41:21
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41:21
In todayβs episode Dev continues his interview with Phil Thompson - an insurance expert, going in-depth on: ππ½ income protection and life insurance ππΎ trauma insurance and TPD ππΏ claim rejections We hate email spam so we donβt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need. To get help, and tβ¦
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413 life, TPD, trauma & income insurance (the basics, self-insuring, using an adviser or DIY + more) part 1
47:02
47:02
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47:02
In todayβs episode Dev interviews Phil Thompson - an insurance expert, touching on: ππΎ the basics of insurance ππΏ difference of a financial advisor and insurance advisor ππ» insurance via TV ads π the concept of self-insurance ππΌ super vs non-super insurance ππ½ income protection and life insurance ππΎ trauma insurance and TPD ππΏ claim rejections httpβ¦
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412 will and estate planning (Q&A with a lawyer) part 2
27:43
27:43
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27:43
In todayβs episode, Dev continues his interview with special guest Marlee Viero who is a wills lawyer from Nest Legal. In the 2nd part of this chat Dev and Marlee touch on: ππΎ the role of the executor; administering the estate ππΏ probate vs grants ππ» the role of the court π invalidity of the will ππΌ who can challenge a will ππ½ digital assets Find oβ¦
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411 will and estate planning (Q&A with a lawyer) part 1
56:57
56:57
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56:57
In todayβs episode Dev interviews special guest Marlee Viero who is a lawyer specialising in wills and estate planning. They chat about: ππΎ what happens when you don't have a will? ππΏ do it yourself will kits ππ» what is an executor? π what is a beneficiary? ππΌ what is a guardian? ππ½ what about kids under 18? ππΎ distribution of assets, special itemsβ¦
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410 an interview with AG (alternative investments, day trading + more)
59:51
59:51
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59:51
In todayβs episode Dev interviews special guest AG who day trades, touching on AG's experience with crypto and his personal investing philosophy. They chat about: ππΎ what is cryptocurrency and how do you make money from it? ππΏ costs of trading ππ» net worth and income π what is day trading and how one can compete with with "big people" ππΌ is time inβ¦
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In todayβs episode Dev explains money mistakes doctors make, touching on: ππΎ not prioritizing relationships, ππΏ not doing a will and estate plan, ππ» training for far too long, waiting to become a consultant π poor soft skills, ππΌ complicating their financial life Related episodes π§ 208 what is a prenuptial or binding financial agreement? We hate emβ¦
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In todayβs episode Dev explains money mistakes doctors make, touching on: ππΎ not having a budget or financial plans ππΏ debt ππ» lifestyle creep π under insuring themselves Related episodes π§ 117 what is automation? We hate email spam so we donβt create it! Sign up to our newsletter to get only the valuable money, careers and property info you need. β¦
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In todayβs episode Dev explains buying commercial property, touching on: ππΏ types of commercial property ππ» things to look for when buying a commercial real estate π the pros & cons We hate email spam so we donβt 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 ouβ¦
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In todayβs episode Dev explains the concept of a share buy back, touching on: ππΏ shares outstanding ππ» why a company buys their own shares π how a company would buy back their own shares ππΌ earnings per share ππ½ price to earnings ratio ππΎ advantages of share buy backs ππΏ buy backs vs share dividends ππ» share buy backs vs arbitrage π his personal viβ¦
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In todayβs episode Dev explains debt recycling, touching on: ππΎ debt ππΏ deductible vs non-deductible debt ππ» debt recycling π tax savings ππΌ advantages of debt recycling ππ½ disadvantages of debt recycling ππΎ final things to consider We hate email spam so we donβt create it! Sign up to our newsletter to get only the valuable money, careers and propeβ¦
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404 an interview with Dr VJ (Renal Fellow)
1:03:16
1:03:16
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In todayβs episode Dev interviews renal fellow, Dr. VJ touching on: ππΎ his income ππΏ his savings rate ππ» locuming π his view on debt ππΌ personal insurance ππ½ kids and public vs private school ππΎ retirement strategy ππΏ and money wins We hate email spam so we donβt create it! Sign up to our newsletter to get only the valuable money, careers and propeβ¦
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403 redundancy insurance, sole traders & tax, income protection inside vs outside super + more
24:13
24:13
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24:13
In this episode, Dev answers your questions: ππΎ how do you balance ethical practice, making enough money, and pursuing your own passions? ππΏ what is redundancy insurance? ππ» sole trader tips for managing money owed to the ATO π income protection inside super vs outside super We hate email spam so we donβt create it! Sign up to our newsletter to getβ¦
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402 an interview with Balaji Gopal from Vanguard Australia
58:29
58:29
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58:29
In this episode Dev has a chat with Balaji Gopal from the Head of Distribution & Financial Adviser Services at Vanguard Australia. Dev and Balaji discuss: ππΎ the Vanguard Personal Investor platform ππΏ the cost of Australian funds vs US funds ππ» is Vanguard chess-sponsored and if not, why? π does it cost money to hold money in the cash account? ππΌ tβ¦
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Welcome to a new season, and a new name! Long time listeners might find it familiar...π In this episode Dev unpacks the concept of downside risk, touching on: ππΎ what is downside risk and the essential components ππΏ how to measure it ππ» how to protect yourself against it π and the pros and cons of risk protection Related links: A good overview of dβ¦
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On board today is Michael Quan, author of the book The FirePlanner, and the man behind the popular Financially Alert blog and the Breakthrough Millionaire Podcast. Michael reached FIRE in his early thirties and It was actually only after he sold his IT company to a larger provider and inadvertently found himself back in a nine-to-five corporate jobβ¦
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In todays episode replay, Dev shares some money moves to consider making in your 40s and 50s, including: ππΎ managing debt ππΏ reviewing your net worth to see if you are you on track ππ» preserving and protect your wealth π pumping that superannuation fund! ππΌ determining how much you need in retirement ππ½ work choices and children's needs Related lisβ¦
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In today's top episode replay Dev shares 6 money milestones for those in their 30s, including: ππΎ getting personal insurance, private health insurance and investing in yourself ππΏ defining your goals and making a written financial / investing plan ππ» sorting your will and estate planning π avoiding lifestyle creep ππΌ maximising your income - 3 A's β¦
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Today, I have the absolute pleasure to be chatting toLiz from her awesome blog and amazing book that she wrote, Meet the Frugal Woods! Anyone who's been on the Captain FI blog knows that I'm a big fan of Liz and Nate, the Frugal Woods and they are literally living my dream! They have an acreage in rural Vermont, which they call theFrugalwoods. Therβ¦
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Happy holidays, we're bringing back a listener favourite! In today's episode replay Dev suggests 6 money tips to master in your 20s. We hate email spam so we donβt 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, resources and downloads (+ our β¦
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In this episode Dev explains the concept of right sizing, including: ππΎ methods of rightsizing ππΏ the steps involved ππ» the pros and cons π Episode transcripts We hate email spam so we donβt 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, resoβ¦
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Phil Muscatello - Shares for Beginners
1:10:26
1:10:26
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On board today is Phil Muscatello, the host and producer of theawesome podcasts, Shares for Beginners, Stocks for Beginners, ETFs for Beginners and Talking Companies. Phil is not from a finance background, but he wants to learn more about becoming a better investor. So he hopes that his listeners come along for the ride and don't make the same mistβ¦
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In this episode Dev explains the concept of downsizing as it relates to businesses and companies, touching on: ππ» examples π reasons for downsizing ππΌ types of mergers and acquisition ππ½ pros & cons ππΎ and downsizing strategies π Episode transcripts We hate email spam so we donβt create it! Sign up to our newsletter to get only the valuable money, β¦
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349 an interview with RACGP President Dr Nicole Higgins (cost of health care, workforce challenges + more)
39:55
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In this episode Dev chats with Dr Nicole Higgins, President of the Royal Australian College of General Practitioners (RACGP). They touch on: ππΎ a bit about Dr Higgins and what the RACGP does ππ» general practice as a speciality π workforce challenges ππΌ rebates and bulk billing ππΏ the cost of health care ππ½ capitation, and more! We hate email spam sβ¦
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Kristy Shen and Bryce Leung - Millennial Revolution
1:45:27
1:45:27
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On board today is Kristy Shen and Bryce Leung from Canada, alsoknown from their popular blog, Millennial Revolution. Here's a quote from our guests, 'Money is the most important thing in the world'. Maybe a bit of a controversial take. Whilst having money is certainly no guarantee of happiness, poverty is sure to make you miserable, and no one knowβ¦
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348 income per unit time vs income per unit effort
19:19
19:19
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19:19
In todayβs episode Dev explains his concept of income per unit time and income per unit effort, touching on: ππΎ what is income per unit time ππΏ why is IPUT (income per unit time) important ππ» businesses vs revenue per unit sales π what is income per unit effort ππΌ pros and cons of both concepts π Episode transcripts We hate email spam so we donβt cβ¦
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In todayβs episode Dev discusses credit ratings and credit agencies, covering the following topics: ππΎ what is a rating? ππΏ the big 3 ππ» ratings agencies and history π Fitch vs Moody vs SP Global ππΌ the role of credit rating agencies ππ½ benefits vs problems ππΎ what happened in 2008 vs rating agencies ππΏ factors affecting credit ratings π Episode trβ¦
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On board today is Louise Howard, a Sydney-based executive who I met through the FIRE community. Louise is an incredibly talented, dedicated and successful person who has held executive roles in infrastructure projects in the public sector, as well as management and consulting in the private sector. She recently decided to take a break from her goveβ¦
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In today's episode we're going over the basics of bonds! Dev unpacks: ππΌ what is a bond? ππ½ terminology ππΎ bond ratings and callability ππΏ risks ππ» corporate bonds π bond ETFs ππΌ debentures vs bonds ππ½ fixed vs floating rate bonds Related episodes π§ 202 bond yields, inflation + interest rates 053 what are bonds? Are they good? 214 what is the bid-aβ¦
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