Most people who are willing to invest money tend to start small and then, when positive returns start to appear, increase their investment little by little. A conservative investor would not invest more than they can afford to lose. This means that if the investment were totally lost, the investor and his family would not experience financial hardship.
Some banks have special accounts that pay more interest than regular accounts, but they are not as affordable for you. This pays little, but it’s wonderful that it pays something on whatever balance is in the account.
One of the other advantages of investing little and planning to do some work to generate a larger investment is that you feel like you’re doing something for the future of your income. Most are used to exchanging hours for dollars, so it would make sense to us.
I have been totally fascinated by the number of certain fast food chains that are found in parts of Canada and also in the United States. One of the founders of one of these chains was asked why he and his partner kept opening more and more restaurants. He told the reporter, “It wouldn’t be fun to open a few and let them get rich. We like to take a chance on the prosperity of more and more restaurants.”
His idea seemed to be that the thrill of investing more and more money, time, and resources fueled an inner need to take risks. Most of us would like to do what they did, but we are too afraid of losing everything and then being so poor that it would be terrible. I wish you the best of luck.
Those who invest larger amounts receive higher interest and higher returns on their investments. The amount that some of these people could lose is so high that it would probably keep a small country going for several years!
I am from Northern Ontario, so I am very familiar with the huge amounts of money that are lost in the blink of an eye. In times past there was no sure way to know how much gold was under the ground and how much stone was on the surface. My grandfather was a gold prospector and he made a very good living. He was investing work for dollars, if you will, but he also received a percentage of the money made by shareholders.
I don’t have your nerve to take a big risk.
If you want to invest a lot, keep in mind that you could lose everything. Investing little would still pay little, but there would be some benefits.