Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.

The Pakistan government is optimistic it will meet the International Monetary Fund’s terms for an ongoing $7 billion loan including a higher tax revenue as the fund prepares to visit next month, according to Finance Minister Muhammad Aurangzeb.

More than one-third (36%) of Americans took on debt during the holiday season, according to LendingTree. Wells Fargo’s head of advice, Emily Irwin, joins Brad Smith on Wealth to discuss managing holiday debt.

Irwin outlines three steps for tackling holiday spending debt, explaining that the first step is to “not to get overwhelmed by the fact that you have debt.”

Secondly, she adds, “What I encourage people to do is really lean into it, lean into your finances, and try to deeply understand, ‘Where am I starting from?’ to set tangible goals for your short-term debt, your long-term debt, and other recurring payments that you might have.”

The third step, Irwin says, is to “make a commitment to yourself to have a strong balance sheet and either maintain or continue to build a strong credit score throughout the year.”

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Naomi Buchanan.

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.”

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.”

Related: Billy Porter, Donna Kelce, Guerdy Abraira and More Share Go-to Advice

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