Becoming Doctor For Money

Recently I am receiving one query several times. And the query is “Becoming a Doctor for Money.”

So many people have asked me one query that, “Should I become a doctor for Money?”
Well, if you ask me than I will advise you, “Of course Not.”

I am telling you this because I myself is a Doctor (Ophthalmologist).
And Here is a link to discussion about this topic on “The Student Doctor Forum”.

There are so many comments and views in this thread. Hope you will like it.

My Personal Opinion & Logic behind why you should not become a Doctor for Money -

Well, the reason is simple. Becoming Rich is a Game of Money, Mind & Time. If you want to be rich than you have to fully invest your Brain (Mind), Time & Money behind creating Assets (Businesses mainly).

If you chose to be a doctor than almost 1 decade of your time will be lost behind medical study. And in that time you would have developed a successful business in which millions of people would like to invest today. Another thing is mind. If you want to be rich and earn millions and even billions of dollars than your mind should be full time involved in Money Management, Businesses, Investments & Creating Wealth. Now if you chose to be a Doctor, than your mind can’t be engaged in these activities and thus you reduce your chances of becoming rich.

And third thing is Money. To finish the Medical study, you will have to go into a deep student loan. Now if you have taken this much of debt to develop your own Business than you would have made much more money.

Another reason is “The Compound Interest.” According to Albert Einstein, The Compound interest is the greatest force in the universe and rich people are rich because of this factor only. If Compound interest works in favour of you than you can be Rich. But The Compound interest only work in favour of you if you have started investing (In stocks, bonds, gold, real estate or your own Business) early in your life. Otherwise, it won’t work for you. Now the main problem with doctors is that, they can’t start investing before 30 years of age. While other people can start investing at least 5 years earlier than doctors. And this 5 years only can make a huge difference in the wealth later on in the life.

Finally let me give you my Example. I myself is a Doctor. Right now I am studying my MS – Ophthalmology at D.Y. Patil University, Kolhapur, Maharashtra, India. I am in medical school since 2000. Today after 9 years also I am in the medical school and I haven’t build any wealth upto 2008. But in 2008, I have launched this Blog and today after 1 year, The Valuation of this Blog is US $ 7339 (Rs.2.66 Lakh). And the Valuation of this Blog is increasing at the rate of over 100% per year.

I have just invested my 1 year of time behind my this Internet Business (This Blog) and today I am US $ 7339 more wealthy than other doctors of my batch. So this is how you can make so much money without being a doctor.

So becoming a Doctor only for Money is a Fool’s Idea. You should only be a doctor if you are PASSIONATE about it….!!!