Today I met a doctor who charges ₹3000/consultation. He’s 35+ years experienced.
Each consultation lasts for barely around 10-15 minutes.
He goes to his clinic cum hospital at 12pm.
Roughly takes only around 20-30 patients everyday.
At bare minimum, he makes ₹60k a day. At 20 days work month (excluding sat & sun), he makes 12L a month and around 1.5cr a year. Only from consultations.
Remember, the hospital part? He has kept few beds too on floor to treat long treatment patients from where too he mints big money.
On top of it, he’s a regular visiting doctor to top hospitals in Mumbai.
Plus the commissions he might be getting for recommending tests and medicines prescriptions.
Easily he’d have been making 3-5cr a year.
And that’s one of the best ways professionals can make money.
Inflation what?
The best don’t fear inflation, they bill it.
I’ve said this before too. Be the best in town.
Provide best services. If inflation happens, you raise your fees and people pay for your services because you’re the best person to solve their problems.
The problem is people want it easy, less efforts, barely any skin in the game and no subject matter expert or specialised knowledge.
Everybody wants to get rich. Especially by putting 5-10L in markets and becoming an overnight crorepati.
That’s not how it’s done.
Increase your earning power. Then invest those increased earnings into stock market and then create wealth.
Higher your earnings power, higher your chances of building generational wealth.
