White Coat Investor Podcast MtoM #263: How a CRNA Became a Millionaire: Lessons from Firing a Financial Advisor
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Feb 23, 2026 A CRNA describes reaching seven figures and the financial choices that mattered most along the way. He explains why he fired his financial advisor and the practical hurdles of moving to DIY money management. The story covers net worth composition, real estate choices, tax-aware strategies, spousal alignment, and the habits that drove long-term wealth building.
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CRNA Reaches Seven Figures And Goes DIY
- Jefferson is a CRNA 12 years out working across multiple critical access hospitals on the Canadian border.
- He recently hit $1,000,000 in workplace retirement accounts and decided to manage finances himself after firing his advisor.
Net Worth Mix Includes Multiple Homes And Cash
- Jefferson's net worth totals about $1.8 million with $200k debt across assets, $1M in retirement, $300k cash, and roughly $300k equity in real estate.
- He owns multiple homes used for living, renting, and a work-town house to manage long drives between hospitals.
Avoid Commissioned Advice And Unnecessary Accounts
- Avoid advisors with mixed incentives and commission products; Jefferson discovered a variable universal life policy sold by his advisor and cashed it out.
- He questioned paying to set up a solo 401(k) when his workplace 403(b) could accept rollovers, highlighting unnecessary complexity and fees.