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One Simple Thing Anyone Can Do to Recover From Big Spending Pay yourself before paying your bills.

By Phil Town

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Whether you've had to spend a chunk of change lately for presents, bills or something else, it's easy to get stressed about having a relatively low income and high expenses. In this video, Entrepreneur Network partner Phil Town wants to help you find peace of mind by creating a strategy that will help you grow your wealth.

He has a simple tip: Pay yourself first before you start paying bills or buying things. It can be a small amount -- even as little as $5 a week -- and that way you won't feel like your savings are keeping you from doing the things you want. However, if you invest that money, over time it will gain value and you'll be able to see the difference.

Click play to learn more.

Related: Why Millennials Might Be the Best Generation at Investing

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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.

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