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.