Why High-Earning Nurses Never Feel Wealthy (with Kristin Burton, PA Millionaire)

Kristin Burton paid off over $160,000 in student loan debt in 16 months, became a self-made millionaire by 31, and built a platform called Millionaires in Medicine that now reaches PAs, NPs, pharmacists, and other non-physician healthcare professionals across the country. She also just published her first book, The PA Millionaire Path.In this episode, Brett Fellows, CFP®, sits down with Kristin to talk about what holds high-earning healthcare professionals back from building wealth. They cover the identity problem around income, why student loans should never be the whole money plan, the three tax buckets that create flexibility in retirement, and what it takes to make work optional. Kristin also shares the investing philosophy that built her net worth and the financial mistakes she would do differently.Key Timestamps:(0:18) Introduction of guest Kristin Burton and her personal wealth milestones(1:38) Origins and grassroots mission of Millionaires in Medicine(3:53) Failure of non-physician medical professionals to self-identify as high earners(5:13) Time management strategies for balancing clinical practice and entrepreneurship(6:18) Shift from short-form infographics to deep long-form conversations(10:23) Inspiration for publishing a tangible and enduring financial guidebook(12:05) Why behavioral choices and mindset outweigh pure financial intelligence(16:22) Reframing student loans as a career investment instead of an emotional burden(19:03) The three-pillar framework to track earnings, multiply investments, and build net worth(22:03) Long-term advantages of a boring and fully automated dollar-cost averaging approach(27:35) Spreading assets across three tax buckets to optimize retirement withdrawal strategies(30:04) Three-step process to establish and future-proof baseline lifestyle expenses For more information and resources related to this episode, please visit the show notes.