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

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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

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

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