Today we are talking with a PA who has become a millionaire. This PA has a great story and is in his second career and having tons of success. He lives in a high cost of living area but is not letting that slow him down. He got his education paid for with the NHSC scholarship and has zero debt. Now that his career is cruising he has taken up his passion project of becoming a children's book author. After the interview we will be talking about the Backdoor Roth IRA process for Finance 101.
David Pedersen's Children's Book: Good Night, Alex https://a.co/d/8LxZar1
Physician assistants, doctors, dentists, residents, and other high-income professionals often assume that becoming a millionaire requires an exceptionally high salary or owning a business. This video highlights how a PA reached millionaire status through disciplined saving, intentional investing, and long-term financial decision-making.
For healthcare professionals, this story reinforces that wealth building is less about job title and more about behavior. Consistent investing, avoiding lifestyle inflation, understanding taxes, and staying focused on financial independence can lead to significant net worth growth—even without physician-level income.
This video offers perspective for high earners at every stage of their career, showing how financial literacy, patience, and smart planning can compound over time. Whether you’re a PA, physician, dentist, or resident, the principles discussed here apply broadly to anyone pursuing financial independence and long-term career flexibility.
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The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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00:00 MtoM Podcast #255
03:59 PA Becomes a Millionaire
14:43 Advice For Others
17:51 Backdoor Roth IRA Process
#DoctorFinance #PhysicianMoney #PAFinance #HighIncomeProfessionals #WealthBuilding #FinancialIndependence #SmartInvesting #MoneyMindset #FinancialEducation
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