Episódios
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What are the best things you can do with your money in your 20s? Dev suggests 6 things to try and master!
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.
Hosted on Acast. See acast.com/privacy for more information.
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Today we're chatting with Dr Tyron March. He's an ICU doctor based in Brisbane, a personal finance enthusiast and the author of Medical Money: A Practical Guide to Personal Finance and Investing for the Junior Doctor. Dev asks Tyron about:
ππΏ his money story and what shaped his passion for personal finance
π the ins and outs of the book including why it's for anyone, not just doctors
ππΌ ICU training
ππ½ the qualities of a good doctor
ππΎ Tyron's side business, MedKit Scrubs (check them out at the link below)
ππΏ some of the challenges in health care
ππ» and his top financial tips
π Find Medical Money on Amazon here
Check out MedKit Scrubs
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.
Hosted on Acast. See acast.com/privacy for more information.
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In today's episode Dev explains the purpose of an annuity and how someone might use it as part of their retirement strategy. He covers:
π what is an annuity and how does it work
ππΌ the different types
ππ½ what happens if you die?
ππΎ how is taxation handled within annuities
ππΏ companies that offer them
ππ» the good and the bad
Related listening π§
episode 84: what is liquidity?
episodes 231-233: a 3-part super series!
Learn more about Altus Financial here: https://bit.ly/altusm3m
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.
Hosted on Acast. See acast.com/privacy for more information.
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In this episode Dev explains the concept of hedging including:
ππΌ what is a hedge? (no, not the green bushy stuff!)
ππ½ how hedging strategies work
ππΎ is hedging the same as an insurance policy?
ππΏ what is a perfect hedge?
ππ» the risk/return trade off
π what is a derivative and 4 different types
ππΌ types of hedging that the average investor can use
ππ½ and the bottom line!
Learn more about Altus Financial here: https://bit.ly/altusm3m
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.
Hosted on Acast. See acast.com/privacy for more information.
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In this episode Dev breaks down the concept of due diligence including:
ππ» what due diligence is
π is it illegal if you don't do it?
ππΌ10 steps that you can take to do due diligence
ππ½ spotting red flags
Take a listen to episodes 76-78 for more around P/E and P/B ratios.
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.
Hosted on Acast. See acast.com/privacy for more information.
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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:
π how the divorce process works
ππΌ some stats around divorce in Australia
ππΎ what happens with children in the mix
ππΏ parenting arrangements
ππ½ what's a property settlement?
π what about superannuation and how it's split?
ππ» how does it work in WA?
Parenting orders handbook: https://www.familyrelationships.gov.au/document/7261
Check out episode 208 for a deep dive on BFAs
Learn more about Altus Financial here: https://bit.ly/altusm3m
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.
Hosted on Acast. See acast.com/privacy for more information.
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What's the difference between a normal mortgage and a reverse mortgage? Dev explains and touches on:
ππΎ how they work
ππΏ how much equity is required
ππ» the 2018 ASIC review of reverse mortgages
π no negative equity guarantee - what is it?
ππΌ the costs
ππ½ pros and cons
ππΏ other alternatives
π and his personal verdict
Learn more about Altus Financial here: https://bit.ly/altusm3m
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.
Hosted on Acast. See acast.com/privacy for more information.
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Dev answers more listener questions:
π what's the difference between ETFs and managed funds?
ππΌ should I put more money into my super or my offset account?
ππ½ dealing with award rates and the union in your profession
ππΎ tips for turbo charging your income
ππ» and some little known tax deductions
Learn more about Altus Financial here: https://bit.ly/altusm3m
π Please read our disclaimer + warnings before listening to this episode
π§ Related listening
229 how to pick a stock broker
033 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?
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.
Hosted on Acast. See acast.com/privacy for more information.
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Dev discusses your questions around:
π working rurally as a health professional - the benefits and tips to consider
ππΌ filling out BAS, how GST works and managing sole trader income
ππΎ financial services/products targeting nurses
ππΏ property vs index funds
Learn more about Altus Financial here: https://bit.ly/altusm3m
π§ Related listening:
026 what is arbitrage?
221 couples and money
220 practice ownership: things to consider!
218 budgeting strategies
131 shares vs property!
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.Hosted on Acast. See acast.com/privacy for more information.
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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:
ππΎ JL's investing philosophy
ππΏ why you should avoid debt
ππ» "a stock market crash is a gift"
π having a 50% savings rate, is that too aggressive?
ππΌ dollar cost averaging, is JL not a fan?
ππ½ his journey from active investor turned index fund investor
ππΏ what is "FU money"
ππ» your house being a terrible investment
π why Vanguard and the Jack Bogle experience
Learn more about Altus Financial here: https://bit.ly/altusm3m
The Simple Path to Wealth (book)
JL's website
Time 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
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.Hosted on Acast. See acast.com/privacy for more information.
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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:
ππΎ early release of super
ππΏ withdrawing super to pay off debt (Check out 052 cash flow, profit, line of credit!)
ππ» transition to retirement scheme (TTR)
π consolidating super accounts
ππΌ when can you access your super
ππ½ super and retirement
ππ» retirement income study - the stats!
ππΎ 3 main options when you retire
Learn more about Altus Financial here: https://bit.ly/altusm3m
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.Hosted on Acast. See acast.com/privacy for more information.
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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:
π spousal contributions & splitting contributions
ππΌ what happens to super when you die & nominating a beneficiary
ππ½ how is superannuation taxed - accumulation / retirement phase
ππΎ changing super funds
ππΏ excess super contributions
ππ» how is taxation/capital gains managed within super
π the low income super offset
ππΌ super and the self employed
ππ½ what is the down sizer contributions scheme
ππΎ insurance within super
ππΏ fees in super
ππ» superannuation guarantee
Learn more about Altus Financial here: https://bit.ly/altusm3m
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.Hosted on Acast. See acast.com/privacy for more information.
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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:
ππΏ the types of contributions - mandatory vs voluntary
ππ» concessional / non-concessional contributions
π how much super you should aim for or have
ππΎ contributions tax
ππΌ carry forward rules
ππ½ bring forward rules
You 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
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.Hosted on Acast. See acast.com/privacy for more information.
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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:
ππΎ what is cognitive/psychological bias
ππΏ some fundamental areas where bias can affect you
ππ» the difference between bias and failed logic
π a question from Michael who asks if there are any financial products aimed at nurses
Learn more about Altus Financial here: https://bit.ly/altusm3m
Related stuff
Hamish Douglass article
067 what is behavioural finance?
217 macro-economic vs micro-economic factors
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.Hosted on Acast. See acast.com/privacy for more information.
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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:
ππΎ what is a brokerage firm?
ππΏ why do we need brokers?
ππ» the difference between full service brokers vs discount/online brokers
π roboadvisers
ππΌ how brokers make money (some common & less common ways)
ππ½ is free brokerage actually free?
ππΏ what is chess sponsorship
ππ» the simple steps to follow when selecting a broker
π plus Jonno from Melbourne gave some kind feedback!
Learn more about Altus Financial here: https://bit.ly/altusm3m
Related episodes:
217 macro-economic vs micro-economic factors
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.Hosted on Acast. See acast.com/privacy for more information.
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Heads up, loads of geeky stuff in today's chat! Dev explains the ins and outs of modern portfolio theory (MPT) touching on these concepts:
ππΌ diversification
ππ½ two main types of financial risk
ππΎ variance
ππΏ efficient frontier
ππ» capital allocation line (CAL)
π sharpe ratio
ππΎ post modern portfolio theory
ππΌ the pros and cons of each theory
ππΏ Dev also answers a listener question about the difference between ETFs and managed funds
Book a complimentary call with Altus Financial: https://bit.ly/altusm3m
Related content you may want to check out after listening to this episode π
203 what is diworsification?
043 40 year mortgages!! What is loss aversion?
217 macro-economic vs micro-economic factors
067 what is behavioural finance?
124 growth vs value investing
033 index funds vs ETFs: which is better?
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.Hosted on Acast. See acast.com/privacy for more information.
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Tax season is here and so is our very first episode with a guest! Tax & Business Adviser, Andrew Haber from Altus Financial joins Dev to answer all your tax time questions to do with:
ππΎ property deductions
ππΏ debt recycling
ππ» car expenses
π work-related expenses
ππΌ CME entitlements - reimbursements
ππ» Xero software
ππ½ trusts - Section 100A
ππΏ ATO data matching and debts
ππΎ company taxes
π self education expenses and more
Book a complimentary chat with Altus Financial here: https://bit.ly/altusm3m
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.Hosted on Acast. See acast.com/privacy for more information.
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Whether you're single or in a relationship, the basic principles of good money management still apply. Dev shares the pros and cons of being single with money plus a tip for singles entering a long term relationship.
Check out Altus Financial: https://bit.ly/altusm3m
Related episodes:
221 couples and money
116 savings rate vs investment returns!
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.Hosted on Acast. See acast.com/privacy for more information.
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Dev shares his thoughts on electric vehicles and discusses the ins and outs of owning a Tesla Model 3 such as:
ππΎ purchase price
ππΏ cost of electricity & comparison with fuel costs
ππ» Autopilot (Model 3 specific)
π wear and tear / servicing costs
ππΌ annoying & brilliant bits about the car
ππ½ software and updates
ππΏ charging and infrastructure, is charging a pain?
π Tesla service
ππΎ Victoria's EV road tax
ππ» EV marker in Australia - the competition
Learn more about Altus Financial here: https://bit.ly/altusm3m
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.Hosted on Acast. See acast.com/privacy for more information.
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In today's episode Dev explains:
ππΏ what is net asset value (NAV) and how does it relate to net worth?
ππ½ does NAV actually help with making investment decisions?
π what are non-bank lenders?
ππΌ and the pros and cons of using non-bank lenders
Learn more about Altus Financial here: https://bit.ly/altusm3m
Episodes mentioned:
077 what is price to earnings ratio (P/E)?
078 what is price to book ratio (P/B)?
222 stock market myths + wrap accounts
212 investing truths
053 what are bonds? Are they good?
π Please read our disclaimer + warnings before listening to this episode
π Episode transcript: https://bit.ly/m3meptranscripts
π‘ Join our facebook group for healthcare professionals
πΈ 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.Hosted on Acast. See acast.com/privacy for more information.
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