Bill Rancic He brings his years of successful entrepreneurship to the Board of Directors Us Weekly Studio by sharing Greatest lessons learned and best advice Going into the new year.
“I think the biggest financial mistake people make today is that they spend more than they can make, and that's it,” Rancic, 53, said exclusively. we While discussing the new podcast “Dollar Bill.” “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 disciplined in saving, even if your savings are $10, $20, or $50 a week – Whatever it is, you have to get into the habit and never do it no Do that, and you'll be shocked at what will happen 20 or 30 years from now.
Rancic is known as the original winner of trainee. After his reality TV success in 2004, Rancic went on to launch a series of successful businesses, including the RPM restaurant chain with… his wife, Giuliana Rancic. Bill's latest project is his podcast “Dollar Bill,” which delves deeper into the world of finance.
Regarding his tips on saving, he gave us further clarification on how to keep assets safe and secure.
Bill Rancic can't get over how adorable Justin Bieber is with his stepson Giuliana Rancic, 11-year-old Duke. “(He's) the greatest guy ever. The nicest guy. So good for Duke. I love that kid. He's not a kid anymore, but (I) love him,” the 53-year-old businessman exclusively told Us Weekly On Bieber, 30, in (…)
“The money you save will really be up to you and (you should) find a good financial advisor,” Bell said. we. “(It should be) someone who can give you guidance on how to invest it, but it definitely has to work for you.”
Bell also explained why individuals should “never sell anything unless they have to.”
“It depends on what it is,” he noted. “If it's a low-value asset, you should sell it. If it's something like real estate or investment property (or) something that God no longer makes, you want to keep it and pass it on from generation to generation, if you can.”
Bill Rancic
Us WeeklyIn fact, Bell believes that financial health is “just as important” as a person’s health Physical healthHe added that he believes the two are actually related.
“When you are financially stressed, it puts stress on your body, and if you look at the number one reason for divorce, it is money,” he said. we. “Money, oftentimes, is very annoying to people and causes them a lot of pain and suffering. Therefore, you must have good financial health so that you can have a healthy life, healthy marriage (or) healthy family.
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the previous Juliana and Bill The star also gave us his top three tips Start a new business.
“One is to adopt a term called 'action,' which basically means stop talking and start doing — actions speak louder than words,” Bell said. “Secondly, you have to be agile. You have to adapt, adapt and react, and if you're not agile, you go extinct. And thirdly, it's about risk. It's about understanding risk, respecting risk, and turning risk into success.”
For more of Bill's financial words of wisdom, watch the video above.
With reporting by Cristina Garibaldi
