This is a common question that doctors ask me EVEN IN MY INVESTMENT class. I guess it is fair – your ability to create wealth depends on – a) how well you earn b) how well you invest and c) how smartly you invest.

Obviously I only told them that they have to earn well. To earn well at the net level…they have to earn well at the gross level.

Let us make some assumptions.

The doctor is a 34 year old MALE who is married to a housewife and has 2 children. Financial assumptions: His family expenses are Rs. 60,000 per month including rent (he has no house). his annual expenses on vacation, festivals, travel etc. is Rs. 400,000 per annum. His financial adviser has suggested investments of Rs. 7L to meet all his long term goals (we will not go into this).

He pays a dispensary rent of Rs. 100,000 per month – including furniture, and electricity. His staff costs including driver is Rs. 55,000 per month.

This means he has to earn Rs. 155,000 per month BEFORE HE can take any money home.

So let us say he has to cover the following:

Business expenses: 155,000*12 = Rs. 24,00,000 + personal expenditure (720,000+400000+700000)*1.5 = 27L

So he has to earn at least 51,00,000.

Well. he has 2200 hours in which to earn this. 51,00,000/ 2200 hours = 2318

So …….!! go increase your…..UNDERSTANDING……first..