How can doctors become millionaires?

I know that doctors get paid quite a lot, but I’ve heard of doctors (especially in America) who have become very rich.
How do they do that? Is it just by starting up their own practice? And is it easy to start up your own practice as a doctor?

The rich doctors invest their money in other ways — usually in businesses that support the medical field. It’s a "win-win" situation.

Starting a practice is very difficult — and exhausting. If a doctor only has a few partners, then they rotate between each other. The bigger the clinic, the more doctors they can pool for rotations.

Many doctors in our area are taking early retirement — the benefits don’t justify the hard work and outrageous fees, insurance premiums, etc.

Also, what we pay our doctors doesn’t go straight into their pockets. They have large administrative support staff that have to be paid — along with taxes, utilities, insurance, expensive medical equipment necessary to operate … there is more to it than just opening up shop and treating patients.



  • Lots of doctors in American get rich because their main occupation is to rip off sick people for all they can get. I believe it is due to their swearing the "hypocritic" oath.References :

  • Yeah right, they get taxed out of their ass. And they’re probably spending a lot of it. However, if they’re good at saving then it is possible they can be millionaires. Starting any type of business is tough.References :

  • You need to have a good reputation, train other doctors to perform the same trick, suggest that you supervise every operation, but when your patient is under anesthesia, let your assistants do the job, as your patient can’t notice.References :

  • The rich doctors invest their money in other ways — usually in businesses that support the medical field. It’s a "win-win" situation.

    Starting a practice is very difficult — and exhausting. If a doctor only has a few partners, then they rotate between each other. The bigger the clinic, the more doctors they can pool for rotations.

    Many doctors in our area are taking early retirement — the benefits don’t justify the hard work and outrageous fees, insurance premiums, etc.

    Also, what we pay our doctors doesn’t go straight into their pockets. They have large administrative support staff that have to be paid — along with taxes, utilities, insurance, expensive medical equipment necessary to operate … there is more to it than just opening up shop and treating patients.References :

  • They become rich the same way any one does. They save more than they spend. Most don’t rip people off, they charge high fees because of the 200,000 dollars it cost them to go to school, the 35,000 a year they spend on insurance. Starting a practice is tough, my brother is a doctor.References :


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>