Darin Fernandes

Hey guys, so today the topic of discussion will be about the importance of investing. But first let’s talk about your pay scale as a mbbs doc or a pg student or a consultant in relation to inflation. So the bitter harsh cold fact is that the roi (return on investment) when you do mbbs is abysmal. -most of you must’ve spent lakhs on your coaching to get a seat here -you have other expenses such as textbooks and other medical equipment whilst doing the course -after doing all this you get paid a meagre 60-65k as a mbbs graduate if you work in a govt setup and in the private sector you will get paid in and around the same range -as a pg student you will get 60k in your first year 70k in your second year And 80k in your third year. Which again is pathetic considering you’ll be in your mid- late twenties and after cracking one of the toughest exams, and having to do night duties frequently and dealing with the toxicity,the pay isn’t justified. -after your pg many of you may want to do a super speciality and again you guys will have to answer neet🤡 - even after clearing such a tough exam you’ll get paid around a lakh per month which again is very low - - ⁠now some of you will say “but bro I can make a lot of money if I start my private practice” - - ⁠yes you can but that will take years of experience and starting your own clinic requires a lot of funding so irrespective of that learning about personal finance is a must - - ⁠now let’s talk about inflation - ⁠inflation is basically the increase in prices of goods over a year - ⁠for example if an apple costs 100 rupees this year and if it becomes 110 next year, the inflation is 10% - - ⁠now according to govt data the inflation is at 5-6% but just check the cost of education, healthcare and your daily products like soaps and shampshampoos and see how much the prices have increased in the past few years - - ⁠trust me it’s way more than 6% - ⁠now say suppose you’re done with your mbbs, and you are earning 60k a month. - ⁠as you know you don’t get salary hikes every year in most places - - ⁠so if your pay remains 60 the following year, you are actually losing money (in real terms) - ⁠this is because the “real” inflation in the economy is around ten% so if you don’t grow your wealth by atleast ten% every year, - - ⁠you will lose ten% of 60k which is around 6k - ⁠investing entirely in fd’s is one of the worst decisions you can make because you get at max 7% and that’s because the interest rates are at an all time high - - ⁠you also have to pay tax on these gains - ⁠the moment the RBI reduces the interest rates your returns will decrease - - ⁠if you get 7% on an fd and the inflation is 10% you are still losing money ! - ⁠so even if inflation stays at 10% every year if you don’t grow your wealth by 10% you are in real terms losing money! - ⁠so I hope that by now you have understood about the importance of investing - - ⁠to summarise it’s because - ⁠1) the roi is abysmal - ⁠2)inflation is very high - - in the next post I will try to explain in short and simple terms as to why there has been an increase inflation - ⁠feel free to voice your opinion over here - ⁠thank you and have a nice day :)

@FefeDemeny @Strategy @saylor Fefe you said to 60k, from there it’ll go to where?

Last time @Strategy and @saylor sold BTC (Dec 22, 2022, also for tax-loss harvesting) was 31 months into the 2020 halving cycle — right where the 4-year cycle theory said the major bear market bottom usually is. Don’t get your hopes high We have one more dip before 🚀

@Ctecfutures @TrendingBitcoin Not happening my guy

@TrendingBitcoin Btc at 71,000. The next major level is around 60k, where price may move sideways for some time, followed by a drop toward 30k-40k I repeat: it has to break the 50k psychological level, where fear would reach maximum Bull run will start at 40k

🇺🇸 Cathie Wood urges investors to sell gold for Bitcoin, says BTC will hit $1.5M. Here we go 🚀

@mondalankit007 Bro my brother is doing his md in medicine and trust me you don’t know what it is when you’re actually in it. From afar it looks like “just three years” but trust me those years feel like eternity though medicine is something he always wanted

@FernandesDarin One can enjoy his job and still get exhausted... physical stress is real

If you’re looking forward to holidays that means you don’t enjoy your job. Period.

@OBPinvestments Lamborghini can come later

I dont need a Lamborghini. I need assets that buy me Freedom.

@DrRajeshwariSh2 Yes sir absolutely, these media houses and media channels are the biggest problems

@FernandesDarin Negativity sells. That is the problem. A doctor potrait doing crime attracts more social media traffic. This hate narrative is the biggest problem. And awareness has to come from doctors itself

People are so f**** stupid and annoying man like what is this entitlement they expect from doctors to treat them for free? These people ate ready to pay physio’s 1000 rupees who have studied for 4 years max but cry their eyes out to pay a cardiologist 1000 who has studied for 15+ years, cracked the world’s toughest exams, sacrificed their youth doing 48-60 hour duties for this shit. Something needs to be done about this, first step is by spreading awareness and that were not taking this shit

@mondalankit007 That’s why i said 90%.

@FernandesDarin Nopes I'd still want a clinical pg I wanna be seeing pts and directly interacting with them, also a reason why I Don't want radiology

90% of medical students would take a non clinical pg if society and parents treated it with equal respect as clinical pg’s. This applies to INDIA only

These entitled patients think these hospitals are their dad’s properties and we the doctors are their servants f****** pricks.

@odiadadan525 @BiotweeX Bro read my tweet again😭😂

@FernandesDarin @BiotweeX Which state in odisha non clinical branch are extremely respected which era you are living clinical branch have extremely less money unless you are second generation doctor

@BiotweeX I 100% agree, everything other than a clinical pg is looked down upon

@FernandesDarin Factory jobs are underrated and underrespeccted tbf

This is a post specially for those who will be entering first year or are in their first year already. A sip of just 2500, will give you a corpus of 1.8 L after two years. Now 20% is a high amount ik but if you invest In high growth assets it’ll be very easy to attain. Keep studying and make it count

@FunTech__ Nice man

Back from office. No Netflix. No scrolling. Straight to swimming. 🏊‍♂️ Life is busy these days, but I'm trying to make time for myself and my loved ones. Now heading home. ❤️

@multibaggerwala We’re ducked man

FII selling from here on will not be just a number. It will result in an outflow of dollars and depletion of forex reserves. It's not a joke, INDIA might have to face situation like 1991 where you were asked to pledge gold and borrow money if this doesn't stop soon. Try to understand.

@ayyo_whyyy I think it’s more about analysing reciprocation and self respect

double texting is not embarrassing y’all have just turned basic human enthusiasm into a social crime

@AnshulGains Take care man🙌

Never had such a bad experience. Despite doing everything (90%) I had a difficult time with my health. Every experience is a learning. You will encounter this when you move out. Chin up, we keep moving.

@meisanuu Everything’s not about entrances😂😭

bhai ye GT GT mat karo. I suddenly started thinking ye non medicos kaunsa GT de rahe

@Sachin_TWCN Egomaniacs

Honestly, I just asked a simple question.

@_Bhatura Yea

X needs to let us add music to our tweets.

@nsinghal211 Election Khatam, market Khatam

Modi ji destroying the Indian Stock Market

Absolute 100% yes, they’re so so egoistic they need a reality check