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Nervous About Investing? Think About Your Money This Way. By avoiding smart investments, you're cheating yourself of the retirement savings you deserve.

By Phil Town

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Phil Town talks about how to get over the investing hump. Start by ridding yourself of hesitation. It's simple: If you want to grow your wealth and build a substantial nest for retirement, it is only in your best interest to make smart investments — and to start as soon as possible.

Aim first to get out of debt, in particular with credit cards and other types of loans. Then, open a brokerage account. Even if you don't have the amount Town recommends ($2,000) start by just opening an account to get it on paper.

From there, start a watchlist of companies you're interested in and can understand, especially in industries you either work in or know about. To hear more tips about where to begin investing, click on the video.

Related: How to React When a Recession Is Approaching

Entrepreneur Network is a premium video network providing entertainment, ewitducation 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.

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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

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