4 ways to earn 15-20 lakhs per month as a Doctor.

Summary

Dr. D Masu's video explores the challenging yet achievable path to earning 15 to 20 lakh rupees per month in India, equivalent to approximately $24,000. He outlines four primary strategies: becoming a consultant in the Middle East, particularly after specialized training in countries like the USA, Canada, or the UK; reaching the top 5 earners in select medical specialties in India; partnering with renowned specialists to establish niche hospitals; and entrepreneurship in fields like edtech, diagnostic chains, or IVF clinics. Dr. Masu emphasizes the immense effort, skill, and sometimes luck required, and suggests this path as a means to early retirement and financial freedom.

Takeaways

• 😀 Dr. D Masu discusses earning high income in India, specifically 15 to 20 lakh rupees, which is around $24,000 per month.
• 💼 Earning such an income is challenging and not accessible to everyone; it requires exceptional skills and dedication.
• 🌍 The video mentions that earning this amount is possible in the Middle East, particularly for consultants, with Dubai offering high salaries for consultants.
• 📚 To become a consultant in the Middle East, one typically needs to have their specialty training from a Tier 1 country, such as the USA, Canada, or the UK.
• 🏥 In India, only a few top specialists in each field can earn such high salaries, and it often takes 10-15 years of hard work to reach that level.
• 🏢 Setting up a hospital with a well-known specialist can also lead to earning high income, but it requires significant investment and time.
• 💡 Entrepreneurial ventures, such as edtech platforms, diagnostic chains, or clinics, can offer high earnings but come with their own risks and challenges.
• 🔑 The video emphasizes that earning 15 to 20 lakhs per month is not for everyone and requires a clear understanding of one's goals and the willingness to work hard.
• ⏳ The speaker suggests that with the right effort and focus, it's possible to earn and save enough in 5-7 years to retire early and enjoy financial freedom.
• 🌐 The discussion highlights the importance of choosing the right path early in one's career to maximize the potential for high earnings and early retirement.

Q & A

What is the main topic of Dr. D's video?

The main topic of Dr. D's video is about how to earn 15 to 20 lakh rupees per month in India, which is equivalent to around $24,000 per month.

What does Dr. D suggest is the toughest part about earning such a high income?

Dr. D suggests that the toughest part about earning 15 to 20 lakh rupees per month is that it's not easy and not everyone can achieve it. It requires exceptional effort, skills, and sometimes luck.

What is the first method Dr. D discusses to potentially earn this high income?

The first method Dr. D discusses is becoming a consultant in the Middle East, particularly in Dubai, where the salaries can reach the desired amount.

What are the requirements to become a consultant in Dubai according to the video?

To become a consultant in Dubai, one typically needs to be from a Tier 1 country, have completed their specialization in a Tier 1 country, and have at least 2 years of experience.

Which countries are considered Tier 1 for the purpose of becoming a consultant in Dubai?

The Tier 1 countries mentioned in the video include the United States, Canada, and the United Kingdom, where one can obtain certifications such as ABMS, Royal College of Physicians and Surgeons of Canada, or CCT in the UK.

What is the second method Dr. D mentions for earning high income in India?

The second method is becoming one of the top specialists in a particular field within India, often referred to as 'the rule of five', where only a few specialists in each city can achieve such high earnings.

What are the challenges of becoming one of the top specialists in India as per the video?

The challenges include the need for hard work, passion, determination, dedication, proper knowledge, and training. It may take 10 to 15 years to reach that position, and there's no guarantee of success.

What is the third method discussed by Dr. D for earning high income?

The third method is setting up a hospital in collaboration with a well-known specialist who has a patient base, preferably focusing on a unique specialty.

What are the potential entrepreneurial paths to earning high income as mentioned in the video?

Potential entrepreneurial paths include starting edtech platforms, diagnostic chains, small clinic chains, or IVF clinics, where the entrepreneur can leverage their unique marketing strategies and expertise.

What is the final piece of advice Dr. D gives regarding the pursuit of high income?

Dr. D advises that earning 15 to 20 lakh rupees per month is not for everyone and is more suitable for those who are ambitious, willing to put in significant effort, and aim for early retirement after 5 to 7 years of hard work.

Outlines

00:00

💼 Earning High Salaries in India: The Challenges

Dr. D Masu introduces the topic of earning 15 to 20 lakh rupees per month in India, which equates to around $24,000. He emphasizes the difficulty of achieving this income level and shares that it's not for everyone. Dr. Masu explains that he conducted extensive research and consulted with friends worldwide to gather data for this video. He outlines that earning such an amount requires significant effort and dedication, and it's a small percentage of professionals who can reach this level. He suggests that if one is willing to put in the work, they could potentially retire early within 5 to 7 years, living off the interest from their savings. Dr. Masu also hints at the four different ways to achieve this income level, setting the stage for the rest of the video.

05:01

🌐 Becoming a Consultant in the Middle East

The video's second paragraph delves into the first method of achieving a high income: becoming a consultant in the Middle East. Dr. Masu explains that while the salary scale for consultants in Dubai is impressive, reaching this position is not easy. He discusses the criteria set by the UAE Ministry of Health for becoming a consultant, which includes being from a Tier 1 country or having specialized training from certain countries. He lists the USA, Canada, and the UK as examples of where one can obtain the necessary qualifications. Dr. Masu also touches on the idea of working in India to become a consultant, but he points out the significant challenges and the need for substantial experience. He concludes by suggesting that investing in the right kind of education and training early in one's career can lead to higher earnings and potentially early retirement.

10:01

🏥 Hospital Setups and Entrepreneurial Ventures

In the third paragraph, Dr. Masu explores the third and fourth methods for earning high salaries: setting up a hospital and becoming an entrepreneur. He suggests that partnering with a renowned specialist to establish a 100-150 bed hospital can be lucrative, but it requires a significant investment and time, typically 7-8 years. Dr. Masu also discusses the potential of starting diagnostic chains, small clinics, or IVF clinics as entrepreneurial ventures that could yield high incomes. He emphasizes the importance of marketing and having a unique approach to stand out in these competitive fields. The paragraph concludes with Dr. Masu reiterating that while these methods can lead to significant earnings, they require substantial effort, skill, and sometimes luck to be successful.

Keywords

💡Consultant

A consultant in the context of the video refers to a professional who provides expert advice in a particular field, such as anesthesiology. Dr. D Masu discusses how becoming a consultant, particularly in the Middle East, can lead to earning a high salary of 15 to 20 lakh rupees per month. The video emphasizes the difficulty and requirements to reach this position, including obtaining specialized training and certifications.

💡Lakh

A 'lakh' is a unit of counting in the Indian numbering system, equivalent to one hundred thousand. In the script, Dr. D Masu uses 'lakh' to describe the high income potential in India, specifically mentioning 15 to 20 lakh rupees, which translates to earning around $24,000 per month. This figure is central to the video's theme of achieving financial independence through high earnings.

💡Middle Eastern Way

The 'Middle Eastern Way' mentioned in the video refers to the strategy of working as a consultant in Middle Eastern countries to earn high salaries. Dr. D Masu explains that becoming a consultant in the Middle East is one of the ways to achieve the income goal of 15 to 20 lakh rupees per month, but it requires meeting specific criteria and having the right qualifications.

💡ABMS Certification

The 'ABMS Certification' stands for the American Board of Medical Specialties certification. In the video, it is highlighted as one of the qualifications that can make a doctor eligible to become a consultant in Middle Eastern countries. Achieving this certification involves completing a residency in the USA and is part of the pathway to potentially earning a high income.

💡CCT

CCT stands for Certificate of Completion of Training, a UK qualification that signifies a doctor has completed their specialist training. Dr. D Masu mentions CCT as a necessary qualification for becoming a consultant in the Middle East, emphasizing the importance of specialized training for high-income positions.

💡Tire 1, Tire 2, Tire 3

These terms, used in the video, categorize countries based on their healthcare systems and the qualifications they offer. 'Tire 1' countries are those where obtaining a medical specialty is highly regarded and can lead to consultant positions in the Middle East. 'Tire 2' and 'Tire 3' countries, which include India, have different levels of recognition for their medical qualifications, affecting the opportunities for their doctors abroad.

💡Specialization

Specialization in the video refers to focusing on a specific area of medicine, such as anesthesiology, orthopedics, or pediatrics. Dr. D Masu emphasizes that to become a consultant and earn high salaries, one often needs to specialize and obtain additional qualifications, such as a CCT or ABMS certification, from recognized 'Tire 1' countries.

💡Residency

Residency in the medical field is a period of graduate medical training. In the context of the video, completing a residency in countries like the USA, Canada, or the UK is crucial for doctors aiming to become consultants in the Middle East and earn high incomes. Dr. D Masu discusses the importance of where and how one completes their residency for career advancement.

💡Financial Independence

Financial independence, as discussed in the video, is the state of having enough financial resources to live without having to work actively for basic necessities. Dr. D Masu suggests that by earning 15 to 20 lakh rupees per month through high-paying consultant positions, one could achieve financial independence and potentially retire early.

💡Entrepreneur

An entrepreneur, in the context of the video, is someone who starts their own business or venture. Dr. D Masu mentions entrepreneurship as another path to potentially earning high incomes, such as through edtech platforms, diagnostic chains, or clinics. This route requires innovation, risk-taking, and business acumen, and is presented as an alternative to the traditional medical career path.

Highlights

Dr. D Masu introduces the topic of earning 15 to 20 lakh rupees per month in India, equivalent to around $24,000.

Earning such a high income is very challenging and requires exceptional effort and dedication.

The speaker gathered data from friends worldwide to create this informative script.

Only a few can achieve this income level, and it's essential to decide if the pursuit is worth it.

Achieving financial independence through high earnings can allow for early retirement.

The first method to earn high income is becoming a consultant in the Middle East.

To become a consultant in the Middle East, one must meet specific criteria, including being from a Tier 1 country.

Specialization in countries like the USA, Canada, or the UK can make one eligible for consultant positions in the Middle East.

Even with the right qualifications, becoming a consultant is not guaranteed and requires additional experience.

In India, only a select few in each specialty reach the top income bracket, known as the 'rule of five'.

It takes a significant amount of time and effort to reach the top five earners in a specialty in India.

Setting up a hospital in collaboration with a renowned specialist can lead to high earnings.

Entrepreneurial ventures like edtech platforms, diagnostic chains, and clinics can also yield high incomes.

The speaker emphasizes that earning 15 to 20 lakhs per month is not for everyone and requires a specific mindset and dedication.

The video concludes with a reminder that the path to high earnings is not easy and is suited for those seeking a work-life balance and early retirement.

Transcripts

hello all this is Dr D masu and welcome

to my channel I'm a consultant

anesthesiologist so today I would like

uh to tell you how to earn 15 to 20 lakh

rupees in India so for my subscribers

who are in other parts of the world uh

so 15 to 20 lakh would be equivalent to

around

$24,000 per month okay so you're not

mistaken you can earn such kind of money

in uh so I going to tell you one

important thing it is very tough

actually to earn this amount and for

this particular video I had to inquire

many of my friends are staying in

different parts of the world and also in

India I had to call them and then I

collected all the data and then made the

script it is very it was very tough and

what I realized is earning this money

not everybody can do very few people can

reach this position and also it's a

herculian task actually to reach this

position and also to maintain this

position so what you can maybe do is

just listen to um what I'm telling and

understand how to earn this kind of

money and then decide whether really

want to play this game or not that is

one thing and second thing would be even

if you want to play this game you can

only maybe do for five six years and

that is enough actually you can retire

with that money okay after that you can

maybe relax in some Goa or some other

Bali or some location and just uh spend

uh the interest that you get over this

money so that is what Financial Freedom

whatever you call Financial Independence

maybe you can

achieve uh if you really uh know work

towards this kind of a Target otherwise

you have to keep working your whole life

if you're earning you know maybe one or

two lakhs in a month or something but in

this way if you put in the effort

initially if you reach really and not

everyone can reach really reach the

position then maybe in 5 to 7 years you

can actually retire so and at the same

time I do not want to give you a false

hope that everybody will reach

not everybody will reach I'm going to

show you that also how many people can

actually reach this position of 15 to 20

lakhs per month okay so let us start

there are four different ways you can

actually uh reach this position the

number one everywh is damn T every way

is damn T So number one way I'll tell

you so number one way is um the Middle

Eastern way so becoming a consultant in

Middle East is one of the way where you

can make this kind of salary

so not a specialist

consultant so becoming a consultant in

medalist is very tough you know that so

for that um I have gone through the

details of uh how to become the

consultant I'll show you the document so

this is the so before that I would like

to show you how much so this is the

scale of salaries that you get in Dubai

if you become a consultant the grade 16

what you're seeing there is the

consultant 103 to10 theams if you conver

convert that to you know rupees it will

come around 23 to 24 lakh rupees per

month okay so but to reach this position

is not easy so I'll show

you uh the document that uh I collected

so this is official document of UA

Ministry of Health approved by DH sha

Health University and Department of

Health okay and then this what they

given is I'll try to show

you

we'll go to the point

directly so to become a consultant you

need to be from a tire one country

basically see you can become from Tire 2

country and tire three country also uh

Tire three country India comes under

Tire three from Tire three country you

cannot become a

consultant so again then if you ask me

why are you doing this video I'll tell

you I'll come to the point you can still

become okay so TI one country uh if you

do your special for example anesthesia

or Orthopedics or Pediatrics whatever if

you do in Tire one country and then you

will be eligible to become consultant in

a easy way and you might reach the

target not everybody will reach you

might reach the target okay so if you uh

even after doing becoming uh doing your

speciality from these particular

countries you need to have 2 years

experience okay so now I'm going to tell

you what are those uh countries so

number one is America Board of medical

speciality abms certification that means

you have to do your residency in USA

okay and then second one is

specialization certificate of the Royal

College of Physicians and surgeons of

Canada you have to do your proper

residen in Canada and uh then third is

uh the CCT in UK okay it's a proper

training 6 to 7 years it will take for

anesthesia you know for other

specialities around 5 to 7 years it will

take so so these are the countries where

if you really do your residency you will

be eligible to become consultant in

Middle Eastern countries okay so

otherwise working in India to become

consultant is going to be worried tough

one you're not eligible because you come

under Tire three category actually okay

so Tire 2 category DMS DMS and MC come

under Tire 2 if you work in India but

the problem is uh you need to have five

years of experience even after that what

I personally feel is after interacting

with my friends in other countries you

can never be equivalent to uh a a person

who has done residency in those

countries okay you rather if you do

residency in these countries then the

chances of becoming consultant is very

very high and reaching the package which

I told is possible okay so if you ask me

then how can uh I do residency now at

this point of time see I'm not talking

about earning 5 to 7 lakhs per month I'm

talking about earning 15 20 lakhs per

month if your target is so high this is

the way you need to do okay if you

invest your initial part of career and

doing all this that's what I'm telling

you can retire early okay 5 to 7 years

if you even if you work like this you

can retire

early so my friend Nan would be watching

this video I know so he will put his

comment in the comment section at the

end of it so so that is what I feel then

what about F frca EAC and everything for

my nsia

subscribers did not consider to become a

consultant there so to become a

consultant you have to go through

training and you have to actually have a

CCT okay so these degrees will just help

you in maybe promotions and all but only

specialist level they can get you to

become a consultant these are not enough

okay so that is about uh one way and uh

and this is uh

uh uh the most POS way I feel the other

way is actually even the salaries in

Australia and those places are also so

good now you can maybe uh do

your uh training in residency in Canada

and actually go to Australia from there

and you can actually do like that also

you can maybe make not disc enough

amount but little lesser than this you

can actually make even in Canada so that

is about one way the second way we'll go

to so even in India actually people are

making this kind of

salaries okay but the problem is there

is a rule of five okay only five people

will be there in appr City who will be

earning this kind of salaries in any

speciality you take for example in

cardiology there will be five

cardiologists in the particular City who

can make this kind of salary but there

will be some other 1502 200

cardiologists who are not actually

making this money they'll be working in

very less salaries only five people like

that every is cardiac surgery gastr

medicine gastrosurgery neurology

neurosurgery oncology oncosurgery

Orthopedics transplant

surgery so all these specialities which

I'm named now there are five people okay

uh roughly around it's not an exact

number but around five people will be

there in the city in a bigger Metro like

Delhi Mumbai and Bangalore if you take

there will be only five people who reach

that position so how they reach that

position how why they are in that

position actually uh we don't know and

maybe hard work passion determination

dedication all those factors must be

there along with the proper knowledge

and training and what I personally

observed is it will take a decade to 15

years to reach that position okay again

similar thing even if you do residency

in other countries it will take around 7

to 8 years even India to reach that

position it will take around 10 to 15

years but the problem is here even if

you put 10 to 15 years it is not

guaranteed that you will join the League

of five people okay so the chances of

you entering that particular top five is

very slim I feel and the for luck should

be there and you should have the

personality and many factors should

align Universe should align for you to

enter that position not everybody can do

that and so more practical option would

be the first option but in India also

you can do but you have to try for 10 15

years unfortunately for anesthesia

colleagues of men anesthesia is not

coming in this category I don't uh know

any anesthetist who is making this kind

of salaries anesia there is a ceiling

okay you can't enter this bracket of

salaries this bracket of salaries is

only for those clinical special which I

mentioned in this part of the video okay

and then the next way would be the

hospital setting up so hospital setting

up is more like uh you have to lay with

one of the uh specialist in that

particular area who is very famous who

has a patient base and with him you have

to make around 100 to 150 bed hospital

okay so but when you're making a

hospital with them then uh uh

the person it should be mostly Unis

speciality hospitals multi speciality

will not work because see a multi

specialty hospital if you want to set up

it should be a corporate Hospital the

budget required will be very high so as

a individual if you're planning for

hospital it should be mostly unique

specialty it will work out in cities and

then the person actually who's the face

of the hospital should be famous in that

particular area he should have a patient

base if somebody is there like that then

it is worth for them to make the

hospital it will click but even that

will take 7 8 years time or 3 to 5 years

time and you can actually make this kind

of amount with Hospital setups Okay then

if you don't really want to run the

hospital then you can appoint CEOs and

Coos and then run the hospital so this

is one way and then the last way would

be the entrepreneur way entrepreneur way

is coming up

nowadays so I'm seeing a lot of edtech

platforms the education you know

platforms coming up even they are making

a very good amount and not every

everyone working in that the main person

who has set up the platform if it is

clicked then they actually making these

kind of salaries so so be becoming an

entrepreneur like a startup you have to

start some kind of a business not

everything will click again humongous

effort is there in all the things which

I told till now you know not down the

point underline that point okay soch

platforms are one new thing which are

coming up you maybe you can think about

such kind of things

but even for that once the saturation

comes even everybody will be competing

for the same the student base so even

that might not work out and

then the diagnostic chains some people

started diagnostic chain pathology

diagnostic chains or like you you know

La paath labs and other diagnostic

chains are there you can start your own

diagnostic you don't have to become like

them but you can run a small diagnostic

chain you can use your unique

way of marketing and then you can use

the social media marketing and click

there is another way and chain of small

clinics also some people are starting

like a single clinic will be there in

several clinics they open they run

business they'll have some Pharmacy

attached even in that if you have some 7

to 10 clinics in different metros even

in that way actually you can make this

kind of salary and IVF clinics are

coming up gynecologists are trained in

IVF we shot multiple IVF clinics we have

forming teams

and even that they do as a startup and

then even then you can maybe make maybe

maybe uh make this kind of salary and uh

these so these are the different ways I

can think about and

uh so the best way would be the first

one which I told if you put in the

effort and uh this one the chances are

high in that but that is also not an

easy thing because you should be skilled

to get the Cor The Residency again do

the residency there build your CV and

most of the times in Middle East the

Consultants whom I see are specialist in

some area like Foria I know that some

are like specialist in EG some are

specialist in cardiac some are

specialist in neuro some are specialist

in something you have to specialize in

one area you have to prove to the world

that you are best in that particular

area and usually those kind of people

only will be given the consultant and

Head Post in these kind of bigger

hospitals who canot pay that kind of

salaries so this is what uh my opinion

is about earning 15 to 20 lakhs per

month and and again I would like to tell

you it is not for everyone and it is um

uh for people who really want have a

work life balance this is not the desire

Target that they should they need to

Target what I really feel is um if

you're very ambitious and if you want to

put in all the effort and then work for

5 to 7 years like this and then retire

then this might be a op for you so

that's all I can

say so thank you guys for following the

video till now hope this video gives you

some insight about all these things

which I told and helps you in making

some of your decisions in

life okay thank you very much as usual

Dr D loing off Roger that