Becoming a Doctor at age 30

Becoming a Doctor at age 30

Is Becoming a doctor at age 30 worth for Money? I mean Is it a Financially sound decision to become a doctor at the age of 30?

Well, according to me becoming a doctor at age 30 is a good thing but financially it is not a sound decision. Because during the same time period, your Businesses and Investments could have been grown in such a manner that you could retire at the age of 30 if you have started at the age of 30.

Medical study is too long and educational fees are so high. So either you will wipe out all the wealth of your parents to take this education or you will take a huge educational loans that you will repay until you become 40. So nothing will left behind for long term investing.

And on the top of this High Status life style of doctors. Which is number one killer of the wealth. So all of these factors goes against becoming a doctor.

Of course, becoming a doctor at age 30 means you will push up into high income group of people. But high income doesn’t necessarily mean the high level of wealth. High Income means higher taxes, higher spending and less savings and investing.

So you should think twice or thrice before going into medical field. Those people who started their Internet Business at the age of 20 years became multi-millionaires at the age of 30 and retired in their early thirties while those who chose to go for medical field are still stuydying hard in the field and they are in the deep educational loan debts.