4 ways to earn 15-20 lakhs per month as a Doctor.
Summary
TLDRDr. 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
- π Dr. D Masu discusses earning high income in India, specifically 15 to 20 lakh rupees, which is around $24,000 per month.
- πΌ Earning such an income is challenging and not accessible to everyone; it requires exceptional skills and dedication.
- π The video mentions that earning this amount is possible in the Middle East, particularly for consultants, with Dubai offering high salaries for consultants.
- π 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.
- π₯ 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.
- π’ Setting up a hospital with a well-known specialist can also lead to earning high income, but it requires significant investment and time.
- π‘ Entrepreneurial ventures, such as edtech platforms, diagnostic chains, or clinics, can offer high earnings but come with their own risks and challenges.
- π 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.
- β³ 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.
- π 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
πΌ 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.
π 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.
π₯ 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.
Mindmap
Keywords
π‘Consultant
π‘Lakh
π‘Middle Eastern Way
π‘ABMS Certification
π‘CCT
π‘Tire 1, Tire 2, Tire 3
π‘Specialization
π‘Residency
π‘Financial Independence
π‘Entrepreneur
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
Browse More Related Video
Highest paid medical Specialities by 2034- Must watch before NEET Counselling.
Pulmonology as a career in India #neetpg #neet
Healthcare Job in Canada After MBBS, MD, MS, BDS, MDS, BPT, MPT, BUMS, BHMS, BPharma, | Hindi | 2022
Make Your FIRST βΉ10,000 Freelancing in 30 DAYS as Student π₯| Ishan Sharma
Financial Independence Without Becoming a YouTuber
How Much Australian Junior Doctors Earn VS UK NHS Doctors | Salary Breakdown
5.0 / 5 (0 votes)