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Finance
Bill Rancic Shares His Top Financial Tips for the New Year (Exclusive)
Bill Rancic is bringing his years of entrepreneurial success in the boardroom to the Us Weekly studio by sharing his greatest lessons learned and best advice going into the new year.
“I think, today, the biggest financial mistake people make is that they spend more than they can make, and that’s it,” Rancic, 53, exclusively told Us while discussing his new “Dollar Bill” podcast. “I always go back to what my father told me. ‘It’s not how much money you make, it’s how much money you save.’ So, you have to be a disciplined saver, even if it’s $10, $20, $50 a week — whatever it is, get in that habit. Don’t ever not do it, and you’ll be shocked at what happens in 20 or 30 years from now.”
Rancic is best known as the original winner of The Apprentice. After his reality television success in 2004, Rancic went on to launch a string of successful businesses, including the RPM restaurant chain with his wife, Giuliana Rancic. Bill’s latest venture is his “Dollar Bill” podcast, which further delves into the world of finance.
In terms of his savings tips, he gave Us further clarification on how to keep assets safe and secure.
“The money you save is really going to be up to you and [you should] find a good financial advisor,” Bill told Us. “[It should be] someone who can give you guidance on how you should invest it, but it definitely should be going to work for you.”
Bill also explained why individuals should “never sell anything unless [they] have to.”
“It depends on what it is,” he noted. “If it’s a depreciating asset, you should sell it. If it’s something like real estate, investment property [or] something that God isn’t making any more of, you want to keep it and pass it down from generation to generation, if you can.”
Bill Rancic Us Weekly
In fact, Bill believes that financial health is “just as important” as a person’s physical health, going on to add that he believes the two are actually linked.
“When you’re financially stressed, it causes stress on your body and if you look at a number one cause for divorce, it’s money,” he told Us. “Money, in many cases, is very troublesome for people and it causes them a lot of pain and suffering. So, you have to have good financial health in order to have a healthy life, a healthy marriage [or] a healthy family.”
Getty Images (2); DENNIS KWAN For Us Weekly’s first-ever advice issue, on stands now, stars share their hard-earned wisdom on raising kids, overcoming obstacles and achieving your dreams. Check out their words of wisdom below. Lindsay Hubbard on recovering from heartbreak “Take it one day at a time until you can add more to your plate. […]
The former Giuliana and Bill star also gave Us his three top tips for starting a new business.
“One is [to] embrace a term called ‘practical execution,’ which essentially means stop talking, start doing — actions speak louder than words,” Bill said. “Secondly, you have to be agile. You have to adapt, adjust, react, and if you’re not agile, you become extinct. And thirdly, it’s about risk. It’s about understanding risk, respecting risk, and converting risk into success.”
For more of Bill’s financial words of wisdom, watch the video above.
With reporting by Christina Garibaldi
SYDNEY, AUSTRALIA / ACCESSWIRE / January 11, 2025 / RedSea Exchange, a trusted leader in Australia’s financial services sector, is proud to reaffirm its dedication to providing top-tier solutions in fixed-term deposit management, bond trusteeship, and escrow services. With over 20 years of industry experience, RedSea Exchange has become synonymous with security, transparency, and reliability.
In an era where financial integrity is paramount, RedSea Exchange offers a seamless approach to managing critical investment instruments. The company’s expertise as a trustee for fixed-term deposits and bonds provides clients with the assurance that their assets are safeguarded and managed with precision.
Elevating Security and Trust in Financial Transactions
RedSea Exchange’s escrow services streamline complex transactions, providing a secure intermediary to protect both parties’ interests. These services are designed to ensure smooth and efficient processes, offering personalized solutions that cater to the unique needs of investment banks and financial institutions.
A Legacy of Ethical Excellence
As an established name in Australia’s financial landscape, RedSea Exchange operates with a steadfast focus on transparency, ethical practices, and client engagement. The company’s mission is to build enduring partnerships by fostering trust and delivering exceptional service.
Looking Ahead
In response to the evolving needs of the financial sector, RedSea Exchange continues to innovate, enhancing its services to support the growth and success of its clients. By combining industry expertise with cutting-edge solutions, the company is well-positioned to navigate the dynamic financial landscape.
About RedSea Exchange
RedSea Exchange, a division of RedSea Money Transfer and Exchange Pty Ltd, has been a cornerstone of Australia’s financial services for over two decades. Specializing in fixed-term deposits, bond trusteeship, and escrow services, the company is committed to delivering secure and reliable financial solutions that empower its clients.
For more information about RedSea Exchange and its services, visit www.redsea-exchange.com.
Contact Information
Website: www.redsea-exchange.com
Company Name: RedSea Exchange
Contact Person: Emily Johnson
Email: Emily@redsea-exchange.com
SOURCE: RedSea Exchange
View the original press release on accesswire.com
Threatening ecosystems, public health, and economic stability, climate change remains one of the biggest worldwide issues of the twenty-first century. Among the major hazards the United States faces are changing sea levels, more violent storms, and disturbances in food output. Managing these risks and enabling the shift to a low-carbon economy depend on targeted investments in mitigating, adapting, and resilient building—that is, climate finance. The economic effects of climate change on the United States are discussed in this paper together with a discussion of significant policy proposals and an emphasis on ongoing research and innovation in climate finance.
The Economic Consequences of Climate Change in the U.S.
Extreme weather events now occur far more frequently and with far higher intensity, resulting in significant financial losses. Rising sea surface temperatures helped Hurricane Harvey cause before unheard-of flooding in Houston in 2017. One of the most expensive natural disasters in U.S. history, the damages topped $125 billion (National Oceanic and Atmospheric Administration, NOAA.). Likewise, California’s ongoing droughts brought on by rising temperatures and less precipitation have stoked terrible wildfires that have destroyed infrastructure and displaced whole populations.
Without major adaptation strategies, yearly damages from hurricanes and coastal floods might reach $500 billion by 2025, according to a 2023 analysis in Nature Climate Change. This emphasizes how urgently studies on financial instruments meant to help reduce economic losses—such as insurance products and climate bonds—should be conducted.
Especially in places like California and the Midwest, climate change has upset established farming cycles. Extended droughts and severe storms have lowered crop harvests and raised manufacturing prices. For instance, the strong windstorm known as the 2020 Midwest derecho damaged about $11 billion worth of crops, including corn and soybeans (U.S. Department of Agriculture, USDA). Food security and affordability will remain at risk without focused investments in climate-resilient agriculture including enhanced irrigation infrastructure and drought-resistant crops.
Rising temperatures both directly and indirectly endanger health. Particularly among susceptible groups like the elderly and those from low-income areas, heat waves raise the frequency of heat-related diseases. Furthermore, moving to new areas as warming increases the habitat of disease-carrying insects are vector-borne diseases such as Lyme disease and West Nile virus. A report from The Lancet Planetary Health claims that tackling these increasing health hazards calls for coordinated plans combining public health preparedness and investments in green infrastructure meant to lower urban heat island effects.
Policy and Financial Mechanisms in Climate Action
To lower greenhouse gas emissions and advance climate resilience, the United States has instituted many historic laws. Allocating $369 billion to renewable energy and environmental projects, the Inflation Reduction Act (2022) marks the highest federal investment in climate change. Important clauses cover tax incentives for electric cars (EVs), renewable energy generation, and energy-efficient building improvements (Congressional Research Service, CRS). The Act seeks to hasten the acceptance of sustainable technologies by providing private sector innovation financial incentives.
The Biden government also rejoined the Paris Agreement, pledging a 50–52% decrease in greenhouse gas emissions from 2005 levels by 2030. Investments in climate adaptation, clean energy infrastructure, and carbon sequestration technologies have top priority among federal agencies including the Environmental Protection Agency (EPA) and the Department of Energy (DOE).
Advancement of climate action has been much aided by state and municipal governments. To cut carbon emissions and set a target of 100% renewable energy by 2045, California has instituted a cap-and-trade program aiming at growing the infrastructure supporting renewable energy, New York has started bold clean energy initiatives. Urban cooling techniques and flood fortifications have been used in cities including Boston and Seattle to shield citizens from climatic effects. These municipal initiatives show how important multilevel government is for tackling environmental problems.
With wind and solar power making up a rising portion of electricity generation, the United States has achieved notable advancement in the acceptance of renewable energy. Texas leads the country in wind energy; California stays at the top in solar power. Particularly in Massachusetts and New Jersey, offshore wind projects spread throughout the East Coast are expected to greatly increase the nation’s renewable energy capacity.
The energy transformation revolves mostly around technological innovation. While carbon capture and storage (CCS) technologies are being developed to lower emissions from industrial activity, advances in battery storage systems are improving grid dependability. Achieving net-zero emissions worldwide would depend on increasing CCS and hydrogen fuel technologies, per a 2023 International Energy Agency (IEA) assessment.
Opportunities and Challenges in the Green Economy
The shift to a green economy presents significant employment generation possibilities. Two of the fastest-growing jobs in the United States according to the Bureau of Labor Statistics (BLS) are solar panel installers and wind turbine service technicians. A McKinsey analysis projects that investments in renewable energy, sustainable agriculture, and energy-efficient infrastructure could provide nearly 9 million additional employments by 2030.
Moreover, green infrastructure projects—such as public transit networks and energy-efficient building retrofits—have the potential to boost local economies while lowering emissions. Through reduced energy expenditures and higher productivity, the U.S. Green Building Council projects that every dollar spent in energy efficiency results in up to four dollars in economic benefits.
Notwithstanding great progress, considerable obstacles still exist. While technological issues including the scalability of CCS and the intermittency of renewable energy sources must be resolved, political polarization has hampered the passage of comprehensive climate legislation. Another important problem is making sure workers in sectors dependent on fossil fuels have a fair changeover. To reduce social disturbances during the energy change, policymakers have to give labor retraining and social support programs top priority.
Regarding its approach to climate change, the United States finds itself at a turning point. Although obstacles still exist, the nation’s governmental systems, technological capacity, and economic resources set it in a position to spearhead worldwide climate action. The U.S. can not only lessen the effects of climate change but also build a more sustainable and fair future by encouraging research and invention in climate finance.
The expenses of inaction much exceed the expenditures required to reduce climate effects as extreme weather events and environmental hazards keep becoming more frequent. Now is the moment for audacious, well-coordinated action including civil society, the business sector, and all tiers of government. The United States can provide a strong model for the world in tackling the existential problem of climate change with the correct mix of ambition, creativity, and cooperation.
Stocks closed Friday’s session lower, with the Dow Jones Industrial Average (^DJI) and Nasdaq Composite (^IXIC) both shedding over 1.6% following the better-than-expected December jobs report. Wall Street experts are looking at the fresh employment data as a cause for the Federal Reserve to slow its interest rate cuts originally planned for 2025.
Glenmede Chief of Investment Strategy and Research Jason Pride shares his thoughts with Julie Hyman and Josh Lipton on the report, calling it “pretty decent” and believes the market could be using the labor print “as an excuse.”
“And to have some excuses for taking a breather is reasonable. That the market’s pointing to this one. I don’t know that this is really the long-term story here,” Pride explains. “In fact, quite often, we believe that markets with interest rates, with inflation expectations, they quite often take the most recent data points and actually extrapolate them a little bit too far.”
Pride also emphasizes the importance of broadening out and rebalancing one’s portfolio in order to explore more of the opportunities — from small-cap stocks (^RUT) to fixed-income (^TYX, ^TNX, ^FVX) — 2025 has to offer.
“Take your eyes a little bit off of the big [Magnficient] Seven or [the] big cap growth stocks that everybody is so focused on. Take your eyes a little bit off of that and recognize there is an entire investment universe to own,” Pride says.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
This post was written by Josh Lynch
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