Can Doctors Get Rich?

Today’s Question is – Can Doctors Get Rich?

Well, Yes… Doctors can get rich. In fact, anybody can get rich.

Now, you will ask that, What if some doctor is not earning lots of Money? Well, than also he/she can get rich, ultra-rich. Because Becoming a Rich does not have to do anything with your Income. Even of you earn less you can get rich & even if you earn millions you can go Bankrupt.

What Matters is – How much amount of Money you Save & Invest from your Income every month?

How much amount of money goes towards buying Assets (Stocks, Bonds, Gold, Real Estate, Mutual Funds, Art, Intellectual Properties or anything else…) out of your hard earned money is the only thing which matter for being a Rich.

Suppose one doctor is earning Rs.50,000 per month & he regularly Save & Invest Rs.10,000 per month in some good Equity Diversified Mutual Fund via SIP and the other doctor earns Rs.5,00,000 per month but he doesn’t save anything. He spends all of this money behind fun and entertainment because he thinks that, he doesn’t need to save or invest money because he is earning lot than after 1-2 decades, the doctor who is earning less but saving & invest more will be richer than the doctor who is not saving & investing at all.

Do you know why this happens? Well, because once you save & invest your money, it will start working for you. The Compound interest will start working in favour of you. Initially you won’t find any difference but over the time compound interest will work on your invested money in a wild manner and increase your wealth in Geometric Proportion.

While those who never save & invest will have to work like a slave because the Compound interest has never work in their favour.

So anyone in this world from any profession can get rich over the time if he/she Save & Invest Money…!!!

So Start Saving & Investing as early as possible in your life means Now….!!!!