⚡ Get All Content for 20% Off ⚡

See the Most Return From a $10,000 Investment With Patience and Rationale You've worked hard to save the money. Now, learn which investment practices will help you compound it.

By Phil Town

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

When you have been patient and consistent enough to save $10,000, your investing habits should reflect a similar wherewithal. Better yet, educating yourself of the best investment decisions can help you see the most return.

In this video, Entrepreneur Network Phil Town breaks down some of the best resources to use when investing $10,000. For instance, IRA and Roth IRA funds can be extremely helpful to save some money from taxes, and 401(k)'s are worthwhile if your employer matches contributions. Both tools have their pros and cons, but $10,000 will start you in the right direction.

Town also recommends investing in individual stocks. This practice will be extra effective if you hold steady to patience, rationale and education. The dedication to nurturing your education can have great rewards on its own. Invest in your own knowledge by pursuing top-notch resources so you will become the best investor you can be. By following these tips, you will be able to see impressive gains on your initial investment in the near future.

Click the video to learn more.

Related: Why Warren Buffett Takes His Investing Tips From a Baseball Legend

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network.

Phil Town is an Investment Advisor, Hedge Fund Manager, 2x New York Times Best-Selling Author of Rule #1 & Payback Time, and Ex-Grand Canyon River Rafting Guide. Rule #1 Investing is Warren Buffett style investing, teaching you how to buy businesses on sale, with little risk and 15 percent returns. In fact, Rule #1 investing is practically immune to the ups and downs of the stock market.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Phil Town

How to Find a Stock On Sale That's Right for You

3 Bad Investing Habits You Should Drop Before It's Too Late

Nervous About Investing? Think About Your Money This Way.

How to React When a Recession Is Approaching

Side Hustle

The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'

Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.

Leadership

Former Interrogator Shares 5 Behaviors Liars Exhibit and How to Handle Them

Five deceptive behaviors to look for and how to respond to those behaviors when you encounter them.

Business News

AI Is Impacting Jobs. Here Are the Gigs Affected the Most, According to an Analysis of 5 Million Upwork Postings

The researcher said in the report that freelance jobs were analyzed first because that market will likely see AI's immediate impact.

Marketing

Ever Wonder Why Certain Websites Rank Higher Than Yours? This SEO Expert Reveals The Secret to Dominating Search Results

It's often the smart use of SEO, now supercharged with AI, particularly in keyword optimization.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.