We are very fortunate.

As dental professionals, we are lucky to earn a decent income straight out of university. But does that mean we’re good with money, or necessarily going to become financially independent?

COVID-19 has set many precedents, one that we could not have expected was that we could be restricted in our ability to provide for our patients and consequently stop our income in its tracks. An emergency fund, savings and investments for the future and other simple considerations allowed some to coast through this speed bump, and for others to spin out.

This episode we have the pleasure of speaking with Dev Raga from The Dev Raga – Personal Finance Podcast. Dev (his online alias) is a medical doctor who has a passion for personal finance. He runs a fantastic podcast that I strongly encourage you all to look into and learn from which shares foundational knowledge and principles in all things finance.

Want to learn about shares? Crypto? Superannuation? He has bite sized episodes breaking down all that you need to know to help you make good financial decisions.

OF course, Dev is a Doctor and i’m a dentist, so this certainly isn’t financial advice and we strongly recommend you consult with a professional financial adviser. But the general principles and concepts Dev shares in this podcast is likely to change your life.

In This Episode

03:28 – “…we [dentists] earn quite well relative to the population, does that mean we don’t have to worry about the future?” 

12:47 – What does it mean to live a couple years behind your income?

16:35 – What sparked Dev’s interst in personal finance and how it lead him to starting his own podcast.

26:14 – Dev’s five financial principles.

33:44 – Creating two tiers of Emergency funds and learning what opportunity costs are.

53:19 – How to create positive financial habits and behaviours.

60:42 – Mistakes and tough times Dev has experienced, and advice for young professionals.

1:09:35 – Dev discusses some of his personal investments.


RIPE Academy

In this exceptionally difficult time for our profession, we need to look at the silver lining. With time, we can work on ourselves and work on our dentistry. And what better way then the RIPE Academy by Restoring Excellence.

In an attempt to make it affordable for all around the world, it is just $29USD per month for some of the most valuable online content anywhere in the world.

My crown prep workflow is modelled on Lincoln’s video from the academy 3 years ago!

I hope to share the benefits and exclusive offers through DHS. Check out their Online Academy!

Invisalign Australia

We’re proud to have Invisalign Australia supporting the podcast and as an (early stage) Invisalign provider, I genuinely think providing aligners and educating yourself on orthodontic alignment will revolutionise your treatment and patient outcomes.

If you want to start your journey, Invisalign Go is the perfect stepping stone. This allows you to start with the simpler cases and build your skills and knowledge as you go.

Go to https://www.invisalign-doctor.com.au/ to find out how you can become an Invisalign provider today.

CPD Junkie

How do you find CPD? It is such a difficult task, with courses listed here and there but you never know you’ve seen them all.

Until Now.

www.cpdjunkie.com.au has been created to provide all Dental CPD in the one place. Search by keyword, date, discipline, location, speaker or organiser – however you want to find it, you can.

As a bonus for joining the site, you can get our Free e-book ” Ho to get the most out of CPD” AND get the Free photography cheat sheet created by Szabi Hant!

The Dental Head Start Podcast is for students and new graduates. We interview successful dentists and specialists to uncover the tips, tricks and advice to help you transition from dental school to private practice successfully.

If you like this content then I ask just one thing of you; share this with a friend who will benefit from this and help us help more students and new grads!

David is a recent graduate dentist working in private practice in regional NSW, Australia. Read more at www.dentalheadstart.com/meet-david/

2 Thoughts on “#40 – Personal Finance with Dev Raga”

  • Hi David, this is a great podcast and I’m sure many dentists could pick up great tips from it. I’m a dentist in my mid 40’s and wish there was a finance/business component to my uni course. I went through lifestyle creep in my working career, but luckily had gotten back on track. May I suggest you interview/publish some case studies with dentists at different stages of their career and talk about their life/financial planning/investments? While all of us constantly strive for clinical excellence I think it’s time to aim for financial independence as well. Congratulations on a great website and podcast.

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