Is Medical School Debt Worth It?

Is Medical School Debt Worth it?

Many Students ask me this question after completing their High School. Medical Education is so much costly that to take that education, most of the students have to go in a deep debt up to their eyeballs. I myself is a Medical Student so I can understand this pain very well.

Well, my straight forward answer is - Medical Debt is worth it if you really want to become a doctor and to serve the human being. After all everyone of us will require Medical services thorugh out our life.

And yes, Medical School debt is not at all worth it if your sole goal is to get rich in your life. Let me explain you how? Well, see. medical education takes minimum 1 decade to finish. And by that time the same amount of money that you have spend behind your medical education could have grown like anything if you have invested that money somewhere else.

Accept it. This is a Hard fact. If someone starts his own Business just after finishing the high school and at the same time some other student enters into the medical school than after 20 years the person who started his own business will be much more richer than a doctor.

This is because a doctor starts earning after 10 years from high school. And for the first 5-10 years he repay all of his medical school debt that he had taken to complete the medical education. Now, during the same time, money invested in your own business could have make you a Billionaire....!!!! Yes, Billionaire... And if not the billionaire than by sure shot multi-millionaire.

But of course, not the every start-up business grows into a multi-million or a billion dollar business. Statistics show that 99 out of 100 start-up businesses fail before its fifth anniversary. And that's why if you are a schoar student and want to play it safe than join the medical school. Medical Debt is worth for you if you want to play it safe.

However, if you want to change the world by doing some excellent business than Medical debt is not at all worth it. Take the Example Bloggers & Internet entrepreneurs around the world. Most of the Internet Entrepreneurs aroud the world are in their twenties and many are below 21. And many of them are making literally 6 figure income from their Internet Businesses in their twenties.

And the best thing about this income is that, its the passive income. So you have to work hard at once to develop that income. Once you do the hard work, your job is over. After that weather you work or not the income from your internet business will keep flowing into your bank account weather you sleep or travel the world.

Many of these Internet entrepreneurs will retire in their early thirties when a medical school graduate or a specialist doctor starts earning. Can you believe that people around the world are generating the wealth at this much faster rate?

You can read such stories on this blog. I have posted several stories about the youn Internet Entrepreneurs who have made fortunes in their twenties. Just search this blog more and read more about them.

So now, you think and decide yourself that weather the Medical School Debt will be worth for you or not? Plese let me know that what you have decided by commenting on this article...!!!

Doctors Making Money on the Internet

Doctors Making Money on the Internet

This is the Information age and in the Information age you can use the Internet & Technology to leverage your Knowledge all around the world. Many doctors are making money on the Internet now fro their blogs and forums.

One of my doctor friend is running his successful online forum CafeMedico.net and make good money on the Internet. There are lots of money making opportunities on the Internet by which you can literally make hundreds of thousands of dollars every year.

If you don’t have a great product to sell than also you can make lots of money by selling other prople’s great products. This is known as Affiliate Marketing. If you are a doctor or anyone else who want to start making money by this way online that I advise you to visit The Affiliate Code website and learn that how you can also start selling other people’s products on the Internet even without having a website in a Health Niche or any other Niche.

This is the Information age and because of the Internet, you can sell anything to whole of this world via Internet. Today Internet is penetrated in whole of the world and in every home. You can easily reach to your target market via the Internet and sell anything to them and make a good money.

And if you are not a creative enough to create your own product than also you can make money by selling other people’s products (Affiliate Marketing). ClickBank.com is a good place to start other people’s products.

So if you are a Doctor than leverage your Knowledge with the Internet and make money from whole the world…!!!

Business Opportunity for Doctors India

Business Opportunity for Doctors India

Many of my doctor friends ask me that, which are the business opportunities for doctors in India? Many ask me that, How can I own a side business as a doctor? Because I don’t have a time to run and own a Business.

Well, by owning a Business i don’t mean Reliance like Business. You can own several kind of businesses as a doctor which does not require your much active involvement and still you can add one passive income stream in your life. You can own following businesses as a doctor.

01) Franchisee Business

02) Internet Business

03) Partnership Businesses in which your active participation is not required

The main advantage of owning a franchisee business is that, franchisees come with already established business models. So you don’t have to start it from the Scratch. However, if you love to start from the scratch than I advise you to start your own Internet Business.

This is because the Internet Businesses are the most suitable businesses for a doctors every where in the world. You can operate them anytime from anywhere in the world. If you are a doctor than you can operate your Internet Business from your home or even from your OPD at your own convenience.

As every thing is automatic online, you don’t have to work hard. Once your Internet Business will be grown sufficiently, it will run and grow automatically even without your presence. Take the Example of this Blog. This Blog is my Internet Business which I started in March 2008. And today this blog also makes money for my while I sleep. Isn’t it amazing?

I advise my juniors friends to start their own Internet Business as early as possible in their lives as a doctor. Because they are the most convenient businesses to own.