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☆ Living in the 'first car-free neighborhood in the U.S.' for $1,472 a month
▼ + stars: | 2024-06-22 | by ( Mickey Todiwala | Elham Ataeiazar | ) www.cnbc.com time to read: 1 min

Unlocked is a home tour series focused on how much people across the globe spend on their housing, what they get for the money and what they had to sacrifice to make it happen.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe spent $250,000 to open a New York bakery—now it brings in $50 million a yearElisa Marshall and Benjamin Sormonte invested all of their life savings, plus more money from family and friends, to open a cafe called Maman in New York in 2014. Last year, Maman's 34 locations brought in nearly $50 million. "It was one of the biggest financial risks we could ever take," says Marshall.

Persons: Elisa Marshall, Benjamin Sormonte, Marshall Locations: New York

☆ My dad gave me this advice when I was 7 years old—it's made me happier and healthier
▼ + stars: | 2024-06-14 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Every summer, my parents used to physically drag my little sister and me on long bike rides. Still, my dad once gave me a one-man standing ovation at a figure skating competition, even though I didn't land any jumps. When I go home for Christmas ever year, my family and I take walks, often back on the White Pine Trail. –Kamaron McNair, money reporterFrom my dad: "Don't get tattooed. –Ashley Turner, senior social media editorMy dad apparently used to sing this Hafez verse to my sisters and me.

Persons: Julia, Sauer, Megan Sauer, I'd, we've, – Kamaron McNair, Max, – Ashley Turner, Ataeiazar, he's, – Renée, Marisa Forziati Organizations: Disney, CNBC Locations: New York

☆ We're much happier living in Spain than in the U.S. — here's how much it costs
▼ + stars: | 2024-06-12 | by ( Tasia Jensen | Elham Ataeiazar | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're much happier living in Spain than in the U.S. — here's how much it costsJessica and Eric Smith relocated from Kansas to Logroño, Spain in 2021 with about $45,000 in savings. Despite achieving many elements typical of the American dream, the couple says they still felt unfulfilled. Jessica was seven months pregnant when they made the move abroad, and two months later their son, Quinton, was born. Jessica and Eric have since found a way to live in Spain long-term by becoming self-employed content creators.

Persons: —, Jessica, Eric Smith, Quinton, Eric Locations: Spain, U.S, Kansas, Logroño

In late 2022, Valcourt left the U.S. to move to France and go to pastry school. Valerie Valcourt moved to France in late 2022 to go to pastry school, which was a childhood dream. After some online research, she applied to a pastry school in Paris, got accepted and quit her job. Valerie Valcourt's pastry school program included three months of intensive culinary and language classes, followed by a four-month internship at a Michelin-level restaurant. Most of Valerie Valcourt's meals come from her restaurant job, but she spends roughly 20 euros ($21.43) per week.

Persons: Valerie Valcourt, Valcourt, She's, Chabran, Luis Carballo, Valerie Valcourt's, she's, It's Organizations: CNBC, Google, Michelin, France, Transportation, Apple, Spotify, Spotify Insurance, Peugeot Locations: U.S, France, Tournon, Seattle, Paris, Connecticut, Europe

This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.

Organizations: CNBC

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow olive oil startup Graza brings in $48 million a yearDuring a visit to Spain, Andrew Benin discovered his passion for high-quality olive oil. He went on to found Graza, a single varietal olive oil, in 2022. Graza is projected to bring in $48.4 million in 2024.

Persons: Andrew Benin Locations: Spain

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI bought an ice cream shop—now it brings in $1.2 million a yearShawn Allard, 27, quit his job as a dental consultant last year to buy Novel Ice Cream, which owns two Arizona-based ice cream shops. Novel boasts 12 different ice cream flavors, which can be scooped into a standard waffle cone or stuffed between either glazed donuts or Belgian waffles. The business brought in $1.2 million in 2023 sales, according to documents reviewed by CNBC Make It.

Persons: Shawn Allard Organizations: CNBC Locations: Arizona

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMy Korean restaurant brings in $1.8 million a year—here's what it costs to runAt 27, Ji Hye Kim quit her job at a medical administration company to become a cheesemonger at Zingerman's Deli in Ann Arbor, Michigan. Eight years later, she opened her own Korean restaurant, Miss Kim. Ji Hye is now a James Beard Award semifinalist. In 2023, her restaurant brought in $1.8 million in sales. Ji Hye passes much of that revenue on to her staff, paying them $12-$15 per hour and sharing the restaurant's profits with them.

Persons: Ji Hye Kim, Kim, Ji Hye, James Beard Locations: Ann Arbor , Michigan

Unlocked is a home tour series focused on how much people across the globe spend on their housing, what they get for the money and what they had to sacrifice to make it happen.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLiving on $110,000 a year in Italy—how I plan to retire by 40Darren Thedieck enlisted in the Air Force at 18 and has diligently saved and invested ever since. He's on track to retire in seven years, after 20 years of service. So far, he's saved over $500,000. 08:12 an hour ago

Persons: Darren Thedieck, he's Organizations: Air Force Locations: Italy

Unlocked is a home tour series focused on how much people across the globe spend on their housing, what they get for the money and what they had to sacrifice to make it happen.

People are surprised to learn that Mari Murdock, 36, is a professional game master, a role in which she organizes and narrates tabletop roleplaying games like Dungeons & Dragons. Dungeons & Dragons is an open-ended tabletop game in which the narrative is shaped by the players' choices, whether that's through combat, puzzles or negotiation. But as Murdock played tabletop games through the 2010s, she grew more confident in the skills it takes to run a good game. The timing was fortuitous, as tabletop gaming became more popular during the pandemic. For Murdock, gaming allows you to immerse yourself in "a pretend situation where you are imagining that you are someone else.

Persons: Mari Murdock, Graham Merwin, Murdock, — it's, Scott, Murdock's, Mari, she'd, Dax Levine, —, Levine, Max, we've, it's Organizations: CNBC, Westminster University, Brigham Young University, Hawaii, BYU, Dragons, Guinness World Records, &, PayPal, Hulu, Spotify, Amazon Prime, Max Insurance, Relief Society Locations: Utah, Salt Lake City, Michigan, Hawaii, Japan, Scott, Provo , Utah

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow this millennial making $65,000 in Houston, Texas spends her moneyShonnita Leslie, 40, makes $65,000 a year in Houston, Texas between her full-time role as a program manager at a university, and part-time work as a DoorDash driver and freelance writer. She had $60,000 in federal loans forgiven in 2022 after working in public service and making consistent payments for 10 years. 08:04 3 hours ago

Persons: Shonnita Leslie Locations: Houston , Texas

Although Leslie has been chipping away at her student loan debt for about 15 years, she says it's been worth it in order to pursue her passion. Leslie used her DoorDash side hustle to help pay down her student loan debt. Leslie used her early DoorDash earnings to eliminate her car loan, then began throwing the rest at her remaining student loan balance. "It was really important that I got a lot of my student loan debt taken care of because then I was able to dedicate that back into myself and my health and my mental wellness," she says. Working toward a debt-free futureAlthough Leslie says her student loan debt is at a more manageable level, she plans to continue working part-time as a DoorDash delivery driver for now.

Persons: Shonnita Leslie, Leslie, it's, It's, Roth, she'll Organizations: CNBC, Public, Fi Insurance, Hulu, Roth IRA Locations: Connecticut, Houston , Texas, Houston, Leslie's, Texas, DoorDash

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow this 32-year-old sold $400,000 worth of cheese in 2023Caroline Hesse, 32, is the founder and CEO of C. Hesse Cheese, a wholesale cheese distribution company in New York City. She sells cheese to restaurants, cheese shops, catering companies and direct to consumers. In 2023, her business brought in $400,000.

Persons: Caroline Hesse, Hesse Locations: New York City

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJustin's: How I built a peanut butter company and sold it for $281 millionJustin Gold got his homemade nut butters into Whole Foods, but still couldn't turn a profit — until a mountain biking ride inspired a new product that put Boulder, Colorado-based Justin's on the map. For more on how Denver and Boulder have rebuilt themselves as centers of business and industry, check out CNBC's primetime special, "Cities of Success: Denver & Boulder," premiering Thursday, April 11 at 10pm ET/PT.

Persons: Justin Gold Organizations: Denver & Locations: Boulder , Colorado, Denver, Boulder, Success, Denver & Boulder

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow this millennial is living on $17,000 in New York CityMax Gallo, 28, lives in New York City and earns around $17,000 a year. He splits a two-bedroom apartment in Brooklyn with a roommate. Max's income comes from acting gigs, working at an exotic car dealership, unemployment benefits and a grant from the Screen Actors Guild-American Federation of Television and Radio Artists. 09:43 7 minutes ago

Persons: New York City Max Gallo Organizations: New York City, Screen, American Federation of Television, Radio Artists Locations: New York, New York City, Brooklyn

Soon after leaving his job, Gallo took an acting class in New York City — which wasn't too far from his home in New Jersey — and fell in love with the craft. He decided he wanted to be an actor and moved to the Big Apple to chase his dreams. His car insurance is also fairly cheap because he's on his parents' plan and reimburses them for the cost. His only other insurance cost is renters insurance for his apartment, since he receives free health insurance through the state. "I am happier now than when I was working for the insurance company," he says.

Persons: Max Gallo, didn't, Gallo, Mickey Todiwala, he's, He's, it's, Sylvester Stallone, Stallone, —, hasn't, steadier Organizations: CNBC, New Jersey —, Apple, Screen, American Federation of Television, Radio Artists, SAG, BMW, Citi, Facebook, Netflix, LinkedIn, Spotify, Hulu, Adobe, Citi Bikes, Insurance, Honda, BMW Roadster, New York City Marathon Locations: New York, New Jersey, Brooklyn

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email25-year-old earns $11K/month working three jobs while training for the Olympic trials25-years-old Jake Spotswood is training for the pole vault in the 2024 Olympic trials. At the same time, he's working as an IT analyst from 9-5 and as personal trainer and volunteer assistant coach for George Mason University's track and field team. Jake also posts sponsored online content to his 90K followers on Instagram and TikTok. Jake says he's able to balance all of these plates by sticking to a meticulous schedule every day. Even while training, he expects to earn over $100K in 2024.

Persons: Jake Spotswood, George Mason University's, Jake, he's Locations: Instagram

☆ 25-year-old earns $11,000 a month while training for the Olympic trials: With a 'non-revenue generating sport, you have to get creative'
▼ + stars: | 2024-03-14 | by ( Annie Probert Zachary Green | Annie Probert | Zachary Green | ) www.cnbc.com time to read: +11 min

Add to that the sponsorships funding his pole vaulting season and a growing online personal training business, and Spotswood anticipates earning around $11,000 a month. "I just went home to my parents and was like, 'Where can I do pole vaulting?'" Spotswood first fell in love with pole vaulting in seventh grade and has since embarked on a 12-year career in the sport. Olympic hopefulAfter graduating from Virginia Tech, Spotswood decided to focus exclusively on professional pole vaulting and hopes to qualify for the Olympic trials in June. Looking aheadAfter 12 years of pole vaulting, 2024 is likely Spotswood's last dance.

Persons: Jake Spotswood, Spotswood, Enrique Huaiquil Spotswood, redshirting, Enrique Huaiquil, he's, George Mason, Jake Spotswood Spotswood, He's, George Mason's, I'm, I've Organizations: CNBC, George Mason University, Virginia Tech, University of Alabama, SEC, Alabama, ACC Championships, George, NCAA, Insurance Locations: Fairfax , Virginia, Fairhope , Alabama, U.S, Paris, Fairfax

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow much it really costs to buy a $1 home in ItalyIn the late 2010s, towns around Italy started going viral for selling off crumbling properties for 1 euro, or roughly $1.05. How much does it really cost to buy and renovate a 1-euro home in Italy? And is it worth it? CNBC Make It spoke to several Americans who have bought a 1-euro home in Sicily, Italy.

Organizations: CNBC Locations: Italy, Sicily

☆ Investors in Airbnb arbitrage business allege they were defrauded in scheme promising 'higher returns than the stock market'
▼ + stars: | 2024-02-11 | by ( Rohan Goswami Annie Palmer | Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +18 min

Airbnb told CNBC that business practices such as Agyeman's aren't permitted. Airbnb told CNBC it had no business relationship with Agyeman and had taken action to curtail his operations. Carr and other HFA investors told CNBC their frustrations were dismissed or met with legal threats. To get around Airbnb's rules, HFA instructed its investors to list their own homes, a former employee and two investors told CNBC. Airbnb told CNBC that it was rolling out a more robust verification process in the U.S. and elsewhere beginning as early as 2024.

Persons: Elham Ataeiazar Daryn Carr, Carr, Anthony Agyeman, Agyeman, HFA, they've, Agyeman haven't, Airbnb, Brian Chesky, Brendan McDermid, Reuters Carr, Thomas Hunker, Hunker, Wessel Botes, Megan Shears, Shears, It's, Kathy, she'd, copywriters, couldn't, who'd, Collin Ballard, Collin Ballard Ballard, Ballard, lister, HFA's, Agyeman's Wealthway, Wealthway, David Levine, he's, Levine, Levine didn't Organizations: Federal Trade Commission, Department of Justice, Justice Department, FTC, CNBC, Inc, New York Stock Exchange, Reuters, Agyeman, Investors, Google, HFA, MGM, Dallas, North Locations: hustles, Covid, New York City, New York, Airbnb, HFA, Texas, Instagram, Fort Myers, Sanibel, Las Vegas, Dallas, U.S, Agyeman, Florida, North America, Botes

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMy side hustle brings in $400K a year—how I spend my moneyChisom Okwulehie was gifted at drawing from a young age. She decided to turn her artistic instincts toward a more profitable line of work, studying architecture and public planning in college. Today, the 35-year-old mother of two earns about $163,000 a year working as an architectural designer for the Port of Authority for New York and New Jersey and running her own interior design side business for private clients, Juntero. 07:38 an hour ago

Persons: Okwulehie Organizations: Port, Authority Locations: New York, New Jersey

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI was fired from Facebook in my 20s—now I make $3.3 million running my own tech companyNoah Kagan, 41, CEO and Co-founder of Appsumo.com, earns approximately $3.3 million a year. Before starting Appsumo.com, he held positions at tech companies such as Intel, Mint.com and Facebook. Currently, Noah divides his time between his homes in Austin, Texas, and Barcelona, Spain. 08:07 43 minutes ago

Persons: Noah Kagan, Appsumo.com, Noah Organizations: Facebook, Intel Locations: Austin , Texas, Barcelona, Spain

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