A medical student who wants to be rich

[DR.M.S.M]

Hi everyone!
I'm new to this forum. I'm 19 and I'm a second year medical student. I'm reading the millionaire fastlane and I really like it. This book is the best ever book that I've read about personal finance and it clearly describes the financial paths that one can take. I chose the profession of medicine because I thought that I can be successful and very great in this field and I'm doing well in this field and I like it. But unfortunately, the financial status of doctors in the country that I live is very terrible and they're almost poor before their 40s and if they don't become specialist physicians, they are going to remain poor till their death. I am really grateful for what I have, I have a house, I'm fluent in English, I have a freelance job as a language tutor, etc. , but I really don't like to settle to this situation, because it's not so good and it still hurts.
I've seen that video "from broke to filthy rich" by M.J that says: you need to have a foundation, specialized labor and skill , etc. . But I'm somehow stuck in my "financial foundation". The only job that I have is "tutoring languages" on a tutoring website. Working as a doctor (Although I love it!!!) is not going to pay me well and "on-time", it's just a very slow slowlane!!!
I really like to "climb the stairs" but I don't know what skills I should and I can learn.
Do you know any skills that generate a decent income and they're related to the medical field?
Does anyone have a similar experience of climbing stairs?
Just tell me anything that can help me... (especially you @MJ DeMarco)
I'm very eager to learn

Thanks

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Knugs]

Welcome to the forum! Theres a few medics of us in the forum.

In your specific circumstances it would be good to know where you are from.

1) In general, medicine is a door-opener to the world and as such you have the opportunity to look beyond the limitations of your own country. Its not unusual for foreign doctors to work and train in the top 5 most advanced economies in the world. For example: The US has special VISAs for doctors and recognised pathways to get the degree certified. However, you will have the same opportunity in other well advanced countries too. However, you need to make sure you start to fulfill the requirements before you finish with your studies. This coincidentally works well with your language tutoring.

2) Not just fulltime work but the license alone allows for work that are not available to others, therefore opening a really wide opportunity of well-paid freelance work, which is not available to the public. For example I work in a Telemedicine company and get paid 80-120euros/h working from home. Locum gives maximum flexibility and is well known too.

3) medicine, as a niche subject, is amazing for entrepreneurship. You see problems and issues that others dont understand and you are in the only group that can simultaneously solve these problems. It is by far much easier to receive investments and grants, because the degree alone is "attractive" to external capital.

4) You will almost always find a job and you will almost always progress in the job, which makes it a really strong long term game. I know of docs pullin in 7-figures in profits and I know docs that have a cushy job getting 50k. It really depends what you want later in life.

___

Something not much spoken about is also the option of just quitting. Nobody forces you to take this way and a lot of medics quit throughout their career.

 

[Bella]

Hi everyone!
I'm new to this forum. I'm 19 and I'm a second year medical student. I'm reading the millionaire fastlane and I really like it. This book is the best ever book that I've read about personal finance and it clearly describes the financial paths that one can take. I chose the profession of medicine because I thought that I can be successful and very great in this field and I'm doing well in this field and I like it. But unfortunately, the financial status of doctors in the country that I live is very terrible and they're almost poor before their 40s and if they don't become specialist physicians, they are going to remain poor till their death. I am really grateful for what I have, I have a house, I'm fluent in English, I have a freelance job as a language tutor, etc. , but I really don't like to settle to this situation, because it's not so good and it still hurts.
I've seen that video "from broke to filthy rich" by M.J that says: you need to have a foundation, specialized labor and skill , etc. . But I'm somehow stuck in my "financial foundation". The only job that I have is "tutoring languages" on a tutoring website. Working as a doctor (Although I love it!!!) is not going to pay me well and "on-time", it's just a very slow slowlane!!!
I really like to "climb the stairs" but I don't know what skills I should and I can learn.
Do you know any skills that generate a decent income and they're related to the medical field?
Does anyone have a similar experience of climbing stairs?
Just tell me anything that can help me... (especially you @MJ.Demarco )
I'm very eager to learn

Thanks

Hello from my end! Wow, a medical student...soooo cool. Growing up that was the one thing I wanted to become (probably because I could not save the life of someone very dear to me...not minding the fact that I just clocked 11 at the time).
That aside, it is really nice to have you on here. You picking up a book and reading it? Shows you know there has got to be more in store for you. I like that.
My mind is presently blank in regards to the questions you asked about skillset and all. I, however, could not scroll by without showing a warm welcome.
Bella here, What is your name? Msmasd does not seem like it.

 

[DR.M.S.M]

Welcome to the forum! Theres a few medics of us in the forum.

In your specific circumstances it would be good to know where you are from.

1) In general, medicine is a door-opener to the world and as such you have the opportunity to look beyond the limitations of your own country. Its not unusual for foreign doctors to work and train in the top 5 most advanced economies in the world. For example: The US has special VISAs for doctors and recognised pathways to get the degree certified. However, you will have the same opportunity in other well advanced countries too. However, you need to make sure you start to fulfill the requirements before you finish with your studies. This coincidentally works well with your language tutoring.

2) Not just fulltime work but the license alone allows for work that are not available to others, therefore opening a really wide opportunity of well-paid freelance work, which is not available to the public. For example I work in a Telemedicine company and get paid 80-120euros/h working from home. Locum gives maximum flexibility and is well known too.

3) medicine, as a niche subject, is amazing for entrepreneurship. You see problems and issues that others dont understand and you are in the only group that can simultaneously solve these problems. It is by far much easier to receive investments and grants, because the degree alone is "attractive" to external capital.

4) You will almost always find a job and you will almost always progress in the job, which makes it a really strong long term game. I know of docs pullin in 7-figures in profits and I know docs that have a cushy job getting 50k. It really depends what you want later in life.

___

Something not much spoken about is also the option of just quitting. Nobody forces you to take this way and a lot of medics quit throughout their career.

Are you a physician or a medical student?
I don't think quitting my career will be a good decision. I really think that I can succeed in my job. Of course, my future job is a "physician" and I know that I will have a job and most majors in my won't, But that's not the point. If you're a medical student over here, you're almost going to suffer from poverty till you become a very well-known specialist or a professor and you need to advertise yourself a lot. If you want to practice medicine as a General Practitioner, your compensation will equal to a simple employee (like an accountant) and you're likely to trade your life 7-0. Years of studying (7 years in my country), leads to a quality of life which is lower than your non-medical peers (you'll be 25 y/o at that time).
This is very very stupid and I don't like to be treated and compensated like that. In the eyes of your employers, a doctor is like a construction worker. If you earn a bit more money, the society will say: "that doctor is greedy, he knows nothing and he does nothing, he has studied nothing and he's earning more than us!!!". I truly hate these things and I hate to be poor. I'm born in a poor family and I don't want to be poor for the rest of my life and that is why I'm pursuing the fastlane. I'm trying to figure out what to do with my career to become successful. I'm studying really really hard and working at the same time.
What would you do if you were me? What do those "7 figure earning docs" do? What has that "50K earning doc" done that he's living like that?
(Again, I don't like to quit my career and I'm sure I'll succeed but I just don't know how?!)

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[DR.M.S.M]

Hello from my end! Wow, a medical student...soooo cool. Growing up that was the one thing I wanted to become (probably because I could not save the life of someone very dear to me...not minding the fact that I just clocked 11 at the time).
That aside, it is really nice to have you on here. You picking up a book and reading it? Shows you know there has got to be more in store for you. I like that.
My mind is presently blank in regards to the questions you asked about skillset and all. I, however, could not scroll by without showing a warm welcome.
Bella here, What is your name? Msmasd does not seem like it.

Thank you for your response. My first name is "Meysam" but you guys can use my English nickname : "Sam".

 

[Bella]

Thank you for your response. My first name is "Meysam" but you guys can use my English nickname : "Sam".

My pleasure. Cool, Sam works for me.

 

[Knugs]

I'm from "Iran". Are you a physician or a medical student?
I don't think quitting my career will be a good decision. I really think that I can succeed in my job. Of course, my future job is a "physician" and I know that I will have a job and most majors in my won't, But that's not the point. If you're a medical student over here, you're almost going to suffer from poverty till you become a very well-known specialist or a professor and you need to advertise yourself a lot. If you want to practice medicine as a General Practitioner, your compensation will equal to a simple employee (like an accountant) and you're likely to trade your life 7-0. Years of studying (7 years in my country), leads to a quality of life which is lower than your non-medical peers (you'll be 25 y/o at that time).
This is very very stupid and I don't like to be treated and compensated like that. In the eyes of your employers, a doctor is like a construction worker. If you earn a bit more money, the society will say: "that doctor is greedy, he knows nothing and he does nothing, he has studied nothing and he's earning more than us!!!". I truly hate these things and I hate to be poor. I'm born in a poor family and I don't want to be poor for the rest of my life and that is why I'm pursuing the fastlane. I'm trying to figure out what to do with my career to become successful. I'm studying really really hard and working at the same time.
What would you do if you were me? What do those "7 figure earning docs" do? What has that "50K earning doc" done that he's living like that?
(Again, I don't like to quit my career and I'm sure I'll succeed but I just don't know how?!)

I'm a physician and I used to be a poor student as well. Just imagine earning nothing and living in London for 5 years. You are not the only one and most of us go into lifelong debt.

You have my answer to your question above. The 7 figure doc is treating his practise as a business. the 50k doc works cushy half day hours and lives ahappy life.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Tourmaline]

I didn't see why you want to be a doctor so I'll ask:

Why do you want to be a doctor?

There are many many ways to help people.

 

[DR.M.S.M]

I didn't see why you want to be a doctor so I'll ask:

Why do you want to be a doctor?

There are many many ways to help people

I really liked this profession when I was in high school and I thought I can't be successful in other professions (like engineering or humanities, arts, etc.) and I wasn't so good at math or physics. Some people were saying that you'll suffer from financial problems during your young ages as a medical student and I replied to them: "I don't care". But now I feel how bad poverty and financial problems are. I don't have any problems with being a doctor, I just have problems with poverty and financial hardship and they really hurt.
If I someday become a rich person, I'll practice medicine for "free" as a hobby for people in my country and maybe other countries.
Why did you want to know my goal of being a doctor?

 

[Johnny boy]

If you're in a shitty country, move to America.

Doctors serve. They are heroes and make the world a better place. They make a moderately high income but it takes a long time to get to that income so it evens out.

There's so many better ways to be wealthy. If you want to be wealthy, then be wealthy. If you want to help people, be a doctor and forget about being rich.

You COULD be a doctor who eventually becomes a businessman in the medical field, eventually.

But that is leaving so much up to chance, would take you 20 years, etc. Not a wise way to live your life in my opinion.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[DR.M.S.M]

If you're in a shitty country, move to America.

Doctors serve. They are heroes and make the world a better place. They make a moderately high income but it takes a long time to get to that income so it evens out.

There's so many better ways to be wealthy. If you want to be wealthy, then be wealthy. If you want to help people, be a doctor and forget about being rich.

You COULD be a doctor who eventually becomes a businessman in the medical field, eventually.

But that is leaving so much up to chance, would take you 20 years, etc. Not a wise way to live your life in my opinion.

Helping people and being a valuable person for my society and country and the world is my goal in life and I'm going to be a doctor and I don't have problems with that. I just don't want to be "poor" and always a "slave" for money. I want to be "free" and "unscripted ". Is that an immoral and unethical request?
This is the entrepreneurial mindset, am I right? : "Create value and be a valuable person, and you'll be rich".
Those doctors who are rich, are probably serving a lot of people and are specialists in very tough fields.
I still don't get it. You separated the two paths of "helping people" and "being wealthy". How can you become wealthy without creating value and helping people?

 

[Diego Liu]

Helping people and being a valuable person for my society and country and the world is my goal in life and I'm going to be a doctor and I don't have problems with that. I just don't want to be "poor" and always a "slave" for money. I want to be "free" and "unscripted". Is that an immoral and unethical request?
This is the entrepreneurial mindset, am I right? : "Create value and be a valuable person, and you'll be rich".
Those doctors who are rich, are probably serving a lot of people and are specialists in very tough fields.
I still don't get it. You separated the two paths of "helping people" and "being wealthy". How can you become wealthy without creating value and helping people?

What @Johnny boy is saying is that doctors indeed create a lot of value.

"Create value and be a valuable person, and you'll be rich".

However, this is only half true in the context of the medical field. There are a few catches here:
1. Medicine is a highly specialized field that takes tens of thousands of hours of studying and training.

There are many other paths that have the potential of making you the same (if not many times more) amount of money within a fraction of that time such as programming or building a personal brand.

2. Being a doctor meets the Entry and Need but violates the Time and Scale commandments in CENTS. No matter much you make in an hour, your income is capped at the number of hours you work and the patients you treat. You have only 24 hours.

3. You have no location independence. It’s impossible to take a photo of you having a finger on the Tower of Pisa while treating patients and making money.

It IS certainly possible to come up with some groundbreaking research, medicine, product, or service that sets you up for the rest of your life, but that likely takes at least a decade of expertise in your field. And remember, you need to juggle working on that with the long-hour shifts.

At the end of the day, figure out what you want and pay the price.

Since the environment for doctors is unfavorable in your country, if you were to go down this road, your best bet is most likely to figure out how to get your license in a country like the U.S.

You definitely have a shot here since you’re fluent in English. But even if you do succeed in that route, expect a loooooong slog and hefty student loans if you don’t have rich parents or scholarships.

I’ve been in your exact shoes. I’m from Taiwan and just dropped out of my 4th year of Dentistry. Unlike in your country, doctors are among the highest-paid professionals from the age of 30 onwards.

However, knowing there are teenagers somewhere in the world making millions from prank videos, I simply could no longer stand myself capping my income potential. Plus, I figured I shouldn’t waste the prime of my life studying something I intend to bail out of sooner or later anyways.

Now, I didn’t just drop out without something to back myself up. For over a year and a half, I’d taken on several projects to practice my graphic design, video editing, and animation skills.

5 months ago, a fellow Fastlaner here saw my work, admired it, and asked me to make a vid for him. BOOM! I got my first paid gig.

Then, I emailed several influencers I looked up to with my portfolio and proposed how I could make their videos more interesting. Again, BOOM! The 3rd influencer saw value in my work and hired me as a remote, full-time video editor + designer for his Instagram infographics.

Though it’s by no means any Fastlane success, it’s certainly a huge step forward.

There’s no way I could know exactly what skills I needed to start making money remotely when I first started. I learned something, applied it on a hands-on project, learned something new, and applied it again.

I kept repeating the process and putting myself in situations for opportunity to eventually find me.

It seems like you’re looking for some “Here are the 6 magical skills you should learn that will lead you to Fastlane success in the medical field.” There’s no such thing.

@MJ DeMarco didn’t set out to create limos.com that solves a problem in the limousine industry before he took on his job as a chauffeur.

As long as you’re able to pay your bills, spend your free time learning new things and applying them. ANYTHING.

Some will work and some won’t. In fact, most likely MOST WON’T. But that’s all right. The ones that do will lead you from one to another. Eventually, you’ll find a gap where you can provide value with the skills you’ve acquired and get paid.

You can’t solve a problem you cannot even identify.

Just sharing my personal experiences and riffing here. Hope that helps

 

[Johnny boy]

Helping people and being a valuable person for my society and country and the world is my goal in life and I'm going to be a doctor and I don't have problems with that. I just don't want to be "poor" and always a "slave" for money. I want to be "free" and "unscripted ". Is that an immoral and unethical request?
This is the entrepreneurial mindset, am I right? : "Create value and be a valuable person, and you'll be rich".
Those doctors who are rich, are probably serving a lot of people and are specialists in very tough fields.
I still don't get it. You separated the two paths of "helping people" and "being wealthy". How can you become wealthy without creating value and helping people?

You can only help the people you serve directly as a doctor. As a business owner I can help many more people

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[DR.M.S.M]

You can only help the people you serve directly as a doctor. As a business owner I can help many more people

You cannot say such a strict thing. The inventor of the "Endoscope" was a teenage high school student who then became a doctor. His invention is used "world-wide" and is helping a lot of people. You can also consider the discovery of penicillin or vaccines that are also used "world-wide" and you're alive right now probably because you have taken some vaccines as a child!
and I didn't understand this: " If you want to be wealthy, then be wealthy. If you want to help people, be a doctor and forget about being rich". What do you mean forget about being rich? You seem like a handsome young man and you're here because you want to get into the fastlane and become rich during your young ages and I wish you the best in your fastlane road trip , but you are calling me your "hero" and then you want me to "forget about being rich" and you're wishing me misery and lifelong debt and poverty!!! I don't wish poverty even for the most useless people on earth, but your wishing poverty for your "hero". Why is that?

 

[DR.M.S.M]

What @Johnny boy is saying is that doctors indeed create a lot of value.


However, this is only half true in the context of the medical field. There are a few catches here:
1. Medicine is a highly specialized field that takes tens of thousands of hours of studying and training.

There are many other paths that have the potential of making you the same (if not many times more) amount of money within a fraction of that time such as programming or building a personal brand.

2. Being a doctor meets the Entry and Need but violates the Time and Scale commandments in CENTS. No matter much you make in an hour, your income is capped at the number of hours you work and the patients you treat. You have only 24 hours.

3. You have no location independence. It’s impossible to take a photo of you having a finger on the Tower of Pisa while treating patients and making money.

It IS certainly possible to come up with some groundbreaking research, medicine, product, or service that sets you up for the rest of your life, but that likely takes at least a decade of expertise in your field. And remember, you need to juggle working on that with the long-hour shifts.

At the end of the day, figure out what you want and pay the price.

Since the environment for doctors is unfavorable in your country, if you were to go down this road, your best bet is most likely to figure out how to get your license in a country like the U.S.

You definitely have a shot here since you’re fluent in English. But even if you do succeed in that route, expect a loooooong slog and hefty student loans if you don’t have rich parents or scholarships.

I’ve been in your exact shoes. I’m from Taiwan and just dropped out of my 4th year of Dentistry. Unlike in your country, doctors are among the highest-paid professionals from the age of 30 onwards.

However, knowing there are teenagers somewhere in the world making millions from prank videos, I simply could no longer stand myself capping my income potential. Plus, I figured I shouldn’t waste the prime of my life studying something I intend to bail out of sooner or later anyways.

Now, I didn’t just drop out without something to back myself up. For over a year and a half, I’d taken on several projects to practice my graphic design, video editing, and animation skills.

5 months ago, a fellow Fastlaner here saw my work, admired it, and asked me to make a vid for him. BOOM! I got my first paid gig.

Then, I emailed several influencers I looked up to with my portfolio and proposed how I could make their videos more interesting. Again, BOOM! The 3rd influencer saw value in my work and hired me as a remote, full-time video editor + designer for his Instagram infographics.

Though it’s by no means any Fastlane success, it’s certainly a huge step forward.

There’s no way I could know exactly what skills I needed to start making money remotely when I first started. I learned something, applied it on a hands-on project, learned something new, and applied it again.

I kept repeating the process and putting myself in situations for opportunity to eventually find me.

It seems like you’re looking for some “Here are the 6 magical skills you should learn that will lead you to Fastlane success in the medical field.” There’s no such thing.

@MJ DeMarco didn’t set out to create limos.com that solves a problem in the limousine industry before he took on his job as a chauffeur.

As long as you’re able to pay your bills, spend your free time learning new things and applying them. ANYTHING.

Some will work and some won’t. In fact, most likely MOST WON’T. But that’s all right. The ones that do will lead you from one to another. Eventually, you’ll find a gap where you can provide value with the skills you’ve acquired and get paid.

You can’t solve a problem you cannot even identify.

Just sharing my personal experiences and riffing here. Hope that helps

You can only help the people you serve directly as a doctor. As a business owner I can help many more people

After all, Thank you guys for sharing your comments and ideas. I guess doctors over here in this forum who are also entrepreneurs can help me better.

 

[Diego Liu]

You cannot say such a strict thing. The inventor of the "Endoscope" was a teenage high school student who then became a doctor. His invention is used "world-wide" and is helping a lot of people. You can also consider the discovery of penicillin or vaccines that are also used "world-wide" and you're alive right now probably because you have taken some vaccines as a child!
and I didn't understand this: " If you want to be wealthy, then be wealthy. If you want to help people, be a doctor and forget about being rich". What do you mean forget about being rich? You seem like a handsome young man and you're here because you want to get into the fastlane and become rich during your young ages and I wish you the best in your fastlane road trip , but you are calling me your "hero" and then you want me to "forget about being rich" and you're wishing me misery and lifelong debt and poverty!!! I don't wish poverty even for the most useless people on earth, but your wishing poverty for your "hero". Why is that?

You're twisting his message. Sure, you can invent and discover something and hit fastlane in medicine. But for every one invention or discovery in the medical field, how many hundreds, if not thousands of other more everyday entrepreneurs are hitting fastlane success?

Go read Ch.27 of Unscripted , you're suffering from what MJ calls "Antithetical Apathy." You feel offended because deep down, you know what he says is right, but you just don't wanna accept it. If you can see and accept reality as what it is, then SO WHAT if some guy you've never met on the Internet actually wishes you "misery and lifelong debt and poverty" (which he never mentioned)? BIG F**KING DEAL!

I guess doctors over here who are also entrepreneurs can help me better.

Good luck with that.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[DR.M.S.M]

After all, Thank you guys for sharing your comments and ideas. I guess doctors over here in this forum who are also entrepreneurs can help me better.

 

[DR.M.S.M]

You're twisting his message. Sure, you can invent and discover something and hit fastlane in medicine. But for every one invention or discovery in the medical field, how many hundreds, if not thousands of other more everyday entrepreneurs are hitting fastlane success?

Go read Ch.27 of Unscripted , you're suffering from what MJ calls "Antithetical Apathy." You feel offended because deep down, you know what he says is right, but you just don't wanna accept it. If you can see and accept reality as what it is, then SO WHAT if some guy you've never met on the Internet actually wishes you "misery and lifelong debt and poverty" (which he never mentioned)? BIG F**KING DEAL!


Good luck with that.

I haven't read unscripted yet, but I'll read it in the future. Competition exists every where and I don't deny it! I'm new to this forum and I'm just figuring out what to do with my life. Johnny said "forget about being rich" and I translated it like: "being overworked and suffering" like what MJ has said in the millionaire Fastlane .

 

[Diego Liu]

After all, Thank you guys for sharing your comments and ideas. I guess doctors over here in this forum who are also entrepreneurs can help me better.

Oh, so you quoted yourself to tell me to SHUT THE F**K UP? Who do you think you are?








How does that make you feel?

That’s how you sound and react to Johnny —with the only difference being that you’re misinterpreting his well-intentioned help while I’m 99% certain I got what you meant.


Anyhow, as you wish, I won’t comment on this thread anymore. I genuinely wish you the best on your journey.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[DR.M.S.M]

Oh, so you quoted yourself to tell me to SHUT THE F**K UP? Who do you think you are?








How does that make you feel?

That’s how you sound and react to Johnny —with the only difference being that you’re misinterpreting his well-intentioned help while I’m 99% certain I got what you meant.


Anyhow, as you wish, I won’t comment on this thread anymore. I genuinely wish you the best on your journey.

Calm down bro! I don't really know why you got offended. That was just a mistake. I just wanted to edit my message:
guess doctors over here "in this forum" who are also entrepreneurs can help me better.
I tried to add "in this forum" to my post but I made a mistake and hit the reply button and I couldn't delete it!

 

[Knugs]

I know you have DM’ed me but I’m going to reply to your questions on your thread as I think the answers are going to be useful to others too.

1) Its not the grades which make you a good doctor. Being a good doctor is about empathy, communication and treating the patient with your upmost effort. Your medical expertise will only grow with time and you need to accept that this will take a lifelong learning to achieve.

2) as a medical student your hands are tied to what you can do as a side gig. Some people in my class had jobs as medical note taker or patient care jobs. Phlebotomy is an example as well. It depends what it’s like in your countr and what the options are.

3) entrepreneurship and being a medical student are difficult to combine, because you have conflicting interests that both require most of your time. I attempted to start 2 companies whilst at medical school and my grades fell sharply. The companies also never took off, even though I had the right ideas. Execution is the “numero uno” deciding factor in your success as an entrepreneur or doctor. BUT you cannot do both. One will fail.

My advise is still the same for you. Be a good student, emigrate to a better country as a fresh graduate and start preparing for it now, because there is only a small window of opportunity for this to happen. You need to be patient and suffer for a bit, but it’s worth it. The USA is an obvious pathway but IMO European countries are far better for an IMG than the US.

lastly, you can always take the entrepreneurship pathway and quit medicine but I can sense from your replies on here that you are not ready for this endeavour yet.

 

[Deleted50669]

Nothing scarier than a money-chasing medical doctor. Enjoy being bought by Pfizer in a few years

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Knugs]

Nothing scarier than a money-chasing medical doctor. Enjoy being bought by Pfizer in a few years

now you guys have scared the thread poster so much he asks the question to me directly:
“Is it very unethical and unacceptable for people when a doctor talks about wealth and being rich?”

1) the short answer is yes, because a society sees the doctor as a helper and being a responsible and trustable person in the community, who’s interest should be the patient first. They are most of the time highly paid in their community which makes it difficult to understand why a doctor would need even more wealth.

2) the long answer: it depends. You should always strive to be the best version of yourself and help your community as much as you can. Your attitude towards the patient plays a large role but you cannot forget about looking after yourself.

In medical School we are taught the mantra and ethics of medicine but in the real world this will understandably change.

after you have done your first set of night shifts and you are exhausted, tired and feel taken advantage off, you will very carefully think about how much of a doctor you want to be. What eventually will happen is that you will only take additional shifts for a huge increase in compensation, you will reduce your commitment and work less, you will start to work in your interest and take a pathway that is just easier for yourself.

All of that is fair as long as you treat the patient with your best effort.

if you build a practise around your skill and make processes far more efficient and patients want to come to you for this service, then I don’t see a problem earning 7 figures.

but if you game the system, unnecessarily do too many diagnostics and treatments because you know you can bill them and don’t really care about the patient, that’s just wrong on many levels. Yet, you will see this a lot.

it is ok to talk about wealth and it is even better to talk about the problems in medicine and solve them (entrepreneurship) because that’s what we need at the end of the day the most