MtoM #218: CRNA Becomes a Retirement Account Millionaire and Finance 101: Tax Strategy
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 14 April 2025
⏱️ 20 minutes
🧾️ Download transcript
Summary
Today we are talking with a CRNA who has become a millionaire! She is 18 years out of training and now has more than a million dollars in retirement accounts. Her story is a great example that if you just keep saving, and you keep increasing your income, and give it time, you will become a millionaire. You don't have to do anything fancy. She recommends that you really advocate for yourself to get paid what you deserve. Increasing her income has made a huge impact on how much she could save. She also feels strongly that you should know what you value and spend your money on that and not on the things you don't. After the interview we will be talking about tax strategy for finance 101.
Full disclosure, below is a sponsored promotion for Locumstory.com. But the weird thing here is there’s nothing they’re trying to sell you. Locumstory.com is simply a free, unbiased educational resource about locum tenens – it’s not an agency. They simply exist to answer your questions about the how-to’s of locums on their website, podcast, webinars, videos, and they even have a locums 101 crash course. Learn about locums and get insights from real-life physicians, PAs and NPs at https://Locumstory.com
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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Transcript
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| 0:00.0 | This is the White Coat Investor podcast, Milestones to Millionaire, celebrating stories of success |
| 0:06.0 | along the journey to financial freedom. |
| 0:13.2 | This is Myelstone to Millionaire podcast number 218. CRNA becomes a retirement account millionaire. |
| 0:20.5 | Full disclosure, what I'm about to say is a sponsored promotion for locumstory.com. |
| 0:24.6 | But the weird thing here is there's nothing they're trying to sell you. |
| 0:27.8 | Locomstory.com is simply a free, unbiased educational resource about Locum tenants. |
| 0:32.4 | It's not an agency. |
| 0:33.8 | They simply exist to answer your questions about the how-toes of Locums on their website, |
| 0:37.5 | podcast, webinars, videos, and they even have a Locom's 101 crash course. |
| 0:41.6 | Learn about Locums and get insights from real-life positions, PAs, and NPs at LocomStory.com. |
| 0:47.9 | Okay, we're in the middle of our Financial Educator Award. |
| 0:50.7 | So nominate somebody. |
| 0:52.2 | If there's someone that's been doing an exceptional job |
| 0:54.6 | educating their colleagues and trainees, please nominate them. You can do that at |
| 0:59.8 | whitecoatinvestor.com slash educator. As an added incentive, besides the opportunity to pay this |
| 1:06.8 | person back, because they might win a $1,000 prize as well as get some serious recognition. |
| 1:11.3 | We're giving the nominator who writes the best submission a free WCI online course of their |
| 1:16.7 | choice. This contest ends April 25th. So please nominate before then. Again, it's whitecoat investor.com |
| 1:24.4 | slash educator. You'll also notice there's free presentations of that same URL, right? |
| 1:30.9 | If you're looking for some slides to get you started, putting together a presentation to |
| 1:34.6 | help others become financial and literate, you can get those at the same URL. |
| 1:39.4 | Okay, we've got a great interview today. |
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