MtoM #255: PA Becomes a Millionaire and Finance 101: Backdoor Roth IRA Process

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Dec 29, 2025

David Pedersen, a physician assistant and children’s book author, shares his inspiring journey to millionaire status while working in high-cost Hawaii. He discusses overcoming childhood financial hardships and navigating scholarships that funded his education. David reveals his debt-free living strategy and offers practical tips for affordability in pricey areas. Passionate about financial literacy, he emphasizes the importance of early and consistent investing. Plus, he shares insights about his upcoming children's book, 'Good Night, Alex'.

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ANECDOTE

Late Start, NHSC-Funded PA Journey

David Pedersen started college at 31 and used NHSC scholarship to pay for PA school and living expenses.
He fulfilled a two-year NHSC service commitment instead of taking a federal prison placement and began practicing in Tampa.

ANECDOTE

Millionaire With No Debt

David is debt-free with no mortgage and has held no debt since selling a house in 2012.
His net worth includes a long-running traditional IRA, Roth IRAs, a brokerage account, and cash savings that together reached millionaire status.

INSIGHT

Scarcity Shaped Financial Drive

Childhood financial insecurity motivated David to prioritize financial stability.
Early experiences of scarcity created a lasting drive to avoid that vulnerability for himself and family.

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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

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00:00 MtoM Podcast #255 03:57 PA Becomes a Millionaire 13:30 Advice For Others 16:26 Backdoor Roth IRA Process