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☆ 17-year-old used $2,000 in savings to start an Amazon side hustle—now it brings in $34,000 a month
▼ + stars: | 2024-01-05 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

Bella Lin, 17, started a side hustle to give her guinea pigs more quality of life. In those days, Lin let her three guinea pigs roam her parents' grassy, fenced-in backyard just outside of San Francisco. She assumed the first, Snoopy, had escaped and she continued letting her guinea pigs outside — until her dad watched an eagle fly away with another, she recalls. But the glass was too expensive to ship, and her smaller guinea pigs' feet got stuck in the floor. Lin has owned guinea pigs for years, and has kept up to 10 at one time, she says.

Persons: Bella Lin, Lin, GuineaLoft's, —, TLeggings, Bella Lin Lin, who'd, Lin's Organizations: CNBC, Khan Lab, Amazon Locations: San Francisco, —, Mountain View , California, China, BizWorld

Dumpling Daughter CEO Nadia Liu Spellman didn't grow up in your average family-owned restaurant. That upbringing taught Liu Spellman the value of sharing authentic Chinese cuisine and inspired her to open her first Dumpling Daughter storefront in 2014. Liu Spellman married her childhood sweetheart, Kyle Spellman, and moved back to Boston at the end of 2010, the year after her father died. Three months after opening, Dumpling Daughter had lines "out the door and around the building" and frequently sold out, Liu Spellman says. Liu Spellman filed a federal lawsuit, and the competitors quickly asked to settle.

Persons: Dumpling, Nadia Liu Spellman didn't, Sally Ling's, Julia Child, Liu Spellman, Liu Spellman's, didn't, Edward Nan Liuand, Sally Ling, Nadia Liu Spellman, Sally, Kyle Spellman, —, … Organizations: Amazon, CNBC, Weston , Massachusetts . Press Locations: Boston, New York City, Fort Lee , New Jersey, Weston , Massachusetts

☆ This habit helped Bill Gates change careers after retiring from Microsoft—despite being 'very monomaniacal’ at the time
▼ + stars: | 2023-12-03 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Career changes can be hard, even for Bill Gates — who credits a simple, lifelong habit for his switch from a narrow-minded, decades-long focus on computers and software to international philanthropy. "I had a long period from about age 18 to 40 where I was very monomaniacal ... Microsoft was everything," Gates, 68, recently told comedian Trevor Noah on the "What Now? "I was lucky enough that as other people took over Microsoft, I got to go and read and learn about all the health challenges, why children die." With even more time to read, he researched ongoing global health crises and decided to make the Bill and Melinda Gates Foundation his primary focus, he said. "Reading fuels a sense of curiosity about the world, which I think helped drive me forward in my career and in the work that I do now with my foundation," Gates told Time in 2017.

Persons: Bill Gates —, Gates, Trevor Noah, Melinda French Gates, Melinda Gates, —, he's, It's, it's, Mark Cuban, Bill Maher's, Warren Buffett Organizations: Microsoft, Melinda Gates Foundation Locations: United States

☆ After years of building up its navy, Saudi Arabia is testing its new warships with real-world missions
▼ + stars: | 2023-11-30 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Saudi Arabia has invested heavily in its navy in recent years, buying a number of new warships. AdvertisementThe first of the Spanish-built corvettes, Al Jubail, arrived at the Saudi naval base in Jeddah in August 2022. Patrol boats for Saudi Arabia at a German shipyard in April 2019. During that decade, Saudi Arabia initiated the first Saudi Naval Enhancement Program, which equipped its navy with modern American, French, and British warships. The current buildup, called Saudi Naval Enhancement Program II, or SNEP II, is the most significant one since then.

Persons: —, Leonardo Jacopo Maria Mazzucco, MCS3 Louis Thompson Staats, Mazzucco, Al Jubail, Juan Carlos Toro, Lockheed Martin, Stefan Sauer, Nixon, Shah, HMS Badr, Paul Iddon Organizations: Service, Saudi, Royal Saudi Naval Forces, Combined Maritime Forces, International, Analytics, Stimson Center, US Navy, Royal Saudi Naval Force, Getty, RIM, Saudi Western Fleet, Saudi Eastern Fleet, Lockheed, Fleet, Saudi Naval Enhancement, Islamic Revolutionary Guard Corps, IRGC Navy, SNEP Locations: Saudi Arabia, Riyadh, Persian, Saudi, Iran, Yemen, Washington, Al, Madinah, Navantia's, Cádiz, Spain, Jeddah, East Africa, Iraq, Gulf

☆ 41-year-old's side hustle brings in $125,500 a year, and costs $0 to start: 'The riches are found in niches'
▼ + stars: | 2023-11-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

She posts her worksheet booklets — designed to help teach literacy to young students — to her online store on Teachers Pay Teachers, an Etsy-style marketplace. Jerome and Becky Powell run their Teachers Pay Teachers stores separately — but the money all goes to the same place, they say. You don't have to spend any money to get started, Powell notes: Teachers Pay Teachers has both free and paid tiers for sellers. Powell pays that subscription fee, as does her husband Jerome — a full-time computer engineer who manages another Teachers Pay Teachers store, called Editable Activities. I have helped eight friends and coworkers open their own stores on Teachers Pay Teachers.

Persons: —, Becky Powell, they've, Jerome, Powell, Jerome —, You've, I've, It's, it's, Warren Buffett Organizations: CNBC, Pay Teachers, Teachers, Pay Locations: Beaverton , Oregon, AskMakeIt@cnbc.com

"A lot of times, people try to hide in the herd, and we try to fit in, and I think that's the worst advice." Anne Mahlum started the boutique fitness chain Solidcore in 2013. Building empathy, maintaining disciplineMahlum's hard-charging approach may have helped her build a fitness empire, which now has more than 100 locations across the U.S. "When we had to do some of those layoffs [I didn't realize] I was taking away [former employees'] social life, their workout life, their friendships, not just their job," Mahlum says. A lifelong athlete, Mahlum says she decided to start Solidcore after being humbled by a L.A.-based Pilates class.

Persons: Anne Mahlum, —, Mahlum, It's, Adams Morgan, who'd Organizations: CNBC Locations: U.S, Washington

Anne Mahlum, 43, founded boutique fitness chain Solidcore in 2013. Prior to starting Solidcore, Mahlum founded Back on My Feet in 2007, a nonprofit focused on helping homeless people break cycles of poverty and addiction while committing to a weekly running program. From a young age, Mahlum watched her own father struggle with addiction. And at the age of 16, she found that running helped her cope with her feelings, and developed a passion for exercise. In April 2023, Mahlum sold her remaining shares of Solidcore, stepping away from her executive chairwoman role.

Persons: Anne Mahlum, Mahlum Organizations: CNBC

☆ 41-year-old teacher’s ‘kitchen table’ side hustle brings in $10,400 a month: When I don’t work, ‘the sales still come in’
▼ + stars: | 2023-11-22 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

A friend suggested she use her son's naptime to make some extra cash, and pointed her toward an educational resource platform called Teachers Pay Teachers. There, Powell started making worksheets for her fellow teachers to buy and download, working largely from her couch or "kitchen table," she says. Teachers Pay Teachers is an Etsy-style marketplace for educational worksheets, activities and lesson plans across just about every grade level and subject matter. Powell's store, called Sight Word Activities, specializes in teaching literacy to kindergarteners, first-graders and other young students. Last year, Powell's Teachers Pay Teachers store brought in $125,500, or just over $10,400 per month, according to documents reviewed by CNBC Make It.

Persons: Becky Powell, naptime, Powell, worksheets, ’, Jerome Organizations: Powell's, CNBC Locations: Beaverton , Oregon

☆ Trump’s gag order appeal previews America’s grave election year stress test
▼ + stars: | 2023-11-21 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

However the ex-president’s appeal ends against a limited gag order imposed in his federal election subversion case, he can expect a benefit. A judgment in Trump’s favor on the gag order – which has been temporarily frozen while the appeal is heard – would pale against his four criminal trials and his current civil fraud trial in New York. How the gag order case reflects Trump’s intense challenge to accountabilityThe gag order appeal is entwined with complex arguments on the breadth of the First Amendment and the extent to which courts have the right to regulate its scope in order to protect their officers and proceedings and the administration of justice. Trump’s legal team argued that any restrictions on his comments represent an unconstitutional assault on his rights to freedom of political speech. The incitement issue is not a hypothetical one in the gag order case.

Persons: Donald Trump, Trump, Jack Smith’s, Trump’s, –, Tanya Chutkan, Joe Biden, —, Smith, ”, Patricia Millett, John Sauer, ’, “, Elliot Williams, Arthur Engoron, ” Engoron, Mike Pence, Mark Milley, Bradley Moss, CNN Max, Moss Organizations: CNN, Trump, Justice Department, DC, “, Republican, Capitol, Rocky, Rocky Mountain State, Joint Chiefs of Staff, Biden Justice Department Locations: New York, United States of America, Colorado, Rocky Mountain

☆ Trump gag order appeal faces skeptical reception in US court
▼ + stars: | 2023-11-20 | by ( Mike Scarcella | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +4 min

Trump is the current frontrunner for the Republican nomination to challenge Democratic President Joe Biden in the 2024 U.S. election. As he mounts his comeback bid, Trump has leveled attacks on prosecutors, court officials and others involved in the welter of criminal and civil cases he faces. The judge has forbidden Trump and his lawyers to criticize prosecutors, court staff and potential witnesses. BAN IN SEPARATE TRIAL LIFTEDA similar restriction in a separate civil business fraud case in New York was temporarily lifted by a state appeals court judge last week. Trump promptly resumed his attacks on a court clerk involved in the case.

Persons: Donald Trump, Greg Abbott, Go Nakamura, Donald Trump's, D, John Sauer, Trump's, Cornelia Pillard, Sauer, Cecil VanDevender, Trump, Joe Biden, Jack Smith, General Merrick Garland, Smith, Tanya Chutkan, Biden's, Mike Scarcella, Andy Sullivan, Will Dunham, Jonathan Oatis Organizations: Republican, Texas, REUTERS, Go, Rights, Trump, U.S ., Appeals, District of Columbia, Justice, Democratic, U.S, Biden, Thomson Locations: Edinburg , Texas, U.S, Washington, New York, Georgia

A panel of Washington, D.C. federal appeals court judges was highly skeptical of arguments Monday by a lawyer for Donald Trump that the former president is being unconstitutionally silenced by a gag order in his criminal election interference case. Sauer replied that "the showing would have to be extraordinarily compelling" in order to justify restricting Trump's speech. Trump was slapped with the gag order last month by U.S. District Judge Tanya Chutkan, who said his statements targeting people involved in the case posed "sufficiently grave threats to the integrity of these proceedings." Chutkan's gag order barred Trump from making public statements targeting his prosecutors and "reasonably foreseeable" witnesses regarding the substance of their testimony. Trump has pleaded not guilty to the four-count indictment charging him with crimes including conspiracy to defraud the United States.

Persons: Jack Smith, Donald Trump, Trump, Dean Sauer, Joe Biden, Sauer, Tanya Chutkan, Patricia Millet, Cornelia Pillard, Barack Obama, Bradley Garcia Organizations: U.S, Trump, College, Biden Locations: Washington ,, Palm Beach , Florida, United States

☆ The 4-word 'hack' confident people use to get others to agree with them—it makes you 'influential,' expert says
▼ + stars: | 2023-11-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Use this simple four-word "hack," says an influence expert: Keep your explanation brief. The more bullet points you add to your argument, the less persuasive it becomes, says Niro Sivanathan, an organizational behavior professor at London Business School. "Most people make the forecasting error that in order to win people over, you need to get them lots of data," Sivanthan tells CNBC Make It. People listening will walk away remembering the average persuasiveness of each point you make, rather than your single most convincing argument, Sivanthan explains. "If you have just one key argument, be confident and put that on the table, rather than feeling the need to list many others."

Persons: Niro, It's, Sivanthan Organizations: London Business School, CNBC Locations: York

☆ From refugee camp to Munich, Bayern sign Australian Irankunda
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, Nov 15 (Reuters) - Bundesliga giants Bayern Munich have signed Australian teenager Nestory Irankunda from Adelaide United on a long-term deal starting in July next year after he turns 18. The pacey 17-year-old winger was born in a Tanzanian refugee camp to Burundian parents before moving to Perth as an infant and then on to Adelaide, where he took up the game. "There were multiple teams interested and I had to make the choice and I made the choice of Bayern Munich. "There was obviously offers from English Premier League teams but my dad said he supported Bayern. There was a photo he showed me in the refugee camp, in Bayern Munich kit, so I went off that, to make my parents and my dad proud."

Persons: Nestory Irankunda, pacey, Irankunda, We've, we're, we've, Jochen Sauer, We're, Nick Mulvenney, Peter Rutherford Organizations: SYDNEY, Bundesliga, Bayern Munich, Adelaide United, Socceroos, English Premier League teams, Bayern, Adelaide, Thomson Locations: Perth, Adelaide, Bayern Munich, Munich

☆ 55-year-old farmer spent $25,000 to open a bridal shop—now it brings in more than $300,000 a year
▼ + stars: | 2023-11-14 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

The 55-year-old lives on a goat dairy farm in Austinburg, Ohio, a rural town of less than 600 people roughly 50 miles east of Cleveland. She tends to the goats and peacocks at sunrise, then travels drives seven minutes to Genova, home of her wedding gown shop Formality Bridal. Formality Bridal has brought in more than $313,000 in revenue so far this year, according to documents reviewed by CNBC Make It. The five-year-old business, which has five employees, opened a second location last week in Erie, Pennsylvania, an hour's drive away. Here's how she juggles farm life with her bridal shop, and how she built a profitable business with "no experience," she says.

Persons: Penny Bowers, Schebal, That's, It's, she's, We've, Bowers Organizations: CNBC Locations: Austinburg , Ohio, Cleveland, Genova, Erie , Pennsylvania

Canada Goose parkas, which can cost upwards of $1,900, are sported by Oscar winners, Olympians and Arctic explorers. "When you buy a Canada Goose jacket, you're buying a piece of Canada. Here's how Canada Goose began, grew to billion-dollar status and plans to survive consumer uncertainty. Canada Goose jackets, with their iconic shoulder patches, are such a status symbol that people who wear them are sometimes the target of robberies. "We realized that we could make jackets that are just as good without fur as with fur," Reiss says.

Persons: Dani Reiss, Oscar, Reiss, Goose, Sam Tick, Bean, Eddie Bauer, Reiss's, David Reiss, Canada Goose Organizations: Canada, CNBC, Metro Sportswear Ltd, Antarctica's, Lacoste, University of Toronto, Conservation Alliance, Bain Capital, New York Stock Exchange, People, Animals Locations: Wells, Canada, Poland, Snow, Europe, Asia, paychecks, Toronto, New York

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow I transformed Canada Goose from a small family business into a $1.1 billion luxury brandWhen Dani Reiss took the reins as CEO of Canada Goose at age 27, he was running a company that brought in $2.2 million per year in revenue. Today, the luxury brand is worth $1.1 billion. Canada Goose parkas, with their iconic shoulder patches, cost more than $1,000 and the company sells more than one million jackets a year.

Persons: Dani Reiss Organizations: Canada Locations: Canada

☆ Wharton psychologist on how to reach your potential: People ‘really underestimate the slow learners, the late bloomers’
▼ + stars: | 2023-11-09 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

"Natural talent is overrated," Grant, a bestselling author and psychology professor at the University of Pennsylvania's Wharton School, recently told CNBC's "Squawk Box." And I think that leaves us to really underestimate the slow learners, the late bloomers." Those "slow learners" develop such traits by necessity from an earlier age, priming them well for achievement later in life, he added. Late bloomers also tend to be particularly skilled at turning weaknesses into strengths, and if you can master something you're bad at, you're well-equipped to handle most types of challenges, Grant told "Squawk Box." "The feeling that something is uncomfortable is a signal that you're about to learn something new," Grant told the New York Times last month.

Persons: Adam Grant, bloomer, Grant, CNBC's, prodigies, you've, they're, Mark Cuban, Grant's, Cuban, I've, Warren Buffett Organizations: University of Pennsylvania's Wharton School, New York Times, Research

☆ Trump Asks Appeals Court to Throw Out Election Case Gag Order
▼ + stars: | 2023-11-08 | by ( Alan Feuer | More About Alan Feuer | ) www.nytimes.com time to read: +1 min

Lawyers for former President Donald J. Trump asked an appeals court in Washington on Wednesday to throw out the gag order imposed on him in the federal case in which he stands accused of plotting to overturn the 2020 election, calling it an effort to “muzzle” a presidential candidate “at the height of his re-election campaign.”“No court has ever imposed a gag order on the political speech of a candidate for public office, let alone the leading candidate for president of the United States — until now,” D. John Sauer, a lawyer who is handling the appeal for Mr. Trump, wrote. Mr. Sauer’s entreaty to the U.S. Court of Appeals for the District of Columbia was merely the latest in a dizzying round of back-and-forth moves involving the gag order, which was put in place last month to keep Mr. Trump from targeting members of the court’s staff, prosecutors or witnesses involved in his election interference case in Federal District Court in Washington. Judge Tanya S. Chutkan, who initially imposed the order, paused it briefly three weeks ago to consider some issues involving the appeal, but then reinstated it at the request of prosecutors in the office of the special counsel, Jack Smith, after Mr. Trump continued to violate its provisions.

Persons: Donald J, Trump, “, ” “, John Sauer, Sauer’s entreaty, Tanya S, Chutkan, Jack Smith Organizations: United, U.S ., Appeals, District of Columbia, Federal, Court Locations: Washington, United States

☆ Mark Cuban gave these ‘Shark Tank’ founders $225,000—a year later, their revenue quadrupled to $1.1 million
▼ + stars: | 2023-11-07 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

When Whitney and Chaz Gates' annual sales more than quadrupled in less than a year, they credited their lead investor: Mark Cuban. On Friday's episode of ABC's "Shark Tank," the husband-and-wife duo said that Wondry, their Black-owned wine label, brought in $1.1 million in revenue over the previous 11 months. At the time, the couple's pitch landed them $225,000 of Cuban's money in exchange for 15% of the Dallas-based company. "Before 'Shark Tank,' we were just a local Texas business," said Whitney, Wondry's CEO. Here's how Cuban's $225,000 turned into $1.1 million in sales, according to the Gateses.

Persons: Whitney, Chaz Gates, Mark Cuban, Wondry Locations: Dallas, Texas

☆ Labor Shortages, Remote Work Fuel Job Gains for Workers With Disabilities
▼ + stars: | 2023-11-04 | by ( Harriet Torry | ) www.wsj.com time to read: 1 min

Nolan Cheung, who is autistic, got a job at Cincinnati Children’s Hospital last year after participating in an employment program. Photo: Cincinnati Children’sSamantha Sauer said she landed her first full-time job at age 32, after a decade of being unable to find such work because of a medical condition requiring regular, time-consuming medical treatments. Then in 2022, she got a full-time remote job answering telephone calls from people seeking help from Patients Rising, a private group that provides resources and advocacy for people living with chronic illnesses. The position allows her to work “without having to sacrifice my health for my job or my job for my health,” said Sauer, who lives in New York.

Persons: Nolan Cheung, Samantha Sauer, ”, Sauer Organizations: Cincinnati Children’s, Cincinnati Locations: New York

☆ Europe’s gas prices are a worry ahead of winter despite brimming stores
▼ + stars: | 2023-11-02 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

But while gas shortages are unlikely in Europe this winter, the price of the fuel remains a worry. According to S&P Global, about one-fifth of global LNG supply travels through the channel on Iran’s south coast. In a less jittery market, neither incident may have had the effect it did, helping boost European gas prices by more than 40% over the course of a single week. High gas prices have presented a persistent economic headwind for Europe's biggest economy due to its reliance on energy-intensive industries. Together, these milestones should push European gas prices down to €30 ($32) per megawatt hour by the end of next year, Weatherburn added.

Persons: Asia —, Soeren, ”, Jack Sharples, Heikki Saukkomaa, Simone Tagliapietra, Bill Weatherburn, Stefan Sauer, Weatherburn, “ Organizations: London CNN, European Union, International Energy Agency, EU, Getty, “, Oxford Institute of Energy Studies, CNN, Hamas, P, Chevron, Egyptian, Steam, ”, Capital Economics, Qatar, Energy Locations: Russia, Moscow, Ukraine, Europe, North America, Asia, Norway, Hungary, Austria, Azerbaijan, Algeria, Germany, Israel, Gaza, Hormuz, Jordan, Egypt, Cairo, Estonia, Australia, AFP, “, ” Europe, France, Italy, Lubmin, Pomerania, United States, Qatar

☆ 21-year-old ran his side hustle from his parents’ apartment—now it brings in over $500,000 a year
▼ + stars: | 2023-10-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

Today, the very same side hustle, called Invalid.jp, brings in more than $500,000 per year . A popular video of Invalid.jp's light-up stickers, posted in 2022, led to $38,000 in sales in a single day, Siu says. "A lot of times, people I talk to trying to start businesses only try for four or five months and [quit when] it doesn't work," Siu tells CNBC Make It. You can figure out what's trending by looking on Amazon or TikTok, or you can film and post videos and see if it goes viral. When you're doing a side hustle, you're going to be working 24/7.

Persons: Siu, Jason Siu, they've, He's, TikTok, he's, I've, Warren Buffett Organizations: University of Hawaii, CNBC Locations: Manoa, Honolulu ., AskMakeIt@cnbc.com

☆ 21-year-old spent $300 to start his sticker side hustle—now it brings in up to $38,000 a day: I was 'unprepared' to go viral
▼ + stars: | 2023-10-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

College junior Jayson Siu's side hustle has more than $1 million in sales in less than two years. When Jayson Siu's car accessories side hustle first went viral, he was completely "unprepared." A year later, another of his videos — one featuring an LED-backed light-up sticker — went viral, with more than 9 million views and counting. From stickers to car mirrorsSiu started Invalid.jp as a high school senior, working for a valet company. A friend told him that he could drive sales through TikTok, so he started posting videos "as often as possible," he says.

Persons: Jayson Siu's, Jayson, —, Siu, Invalid.jp, It's, Jayson Siu, doesn't Organizations: CNBC, University of Hawaii, Nissan, YouTube, Twitter, Google, Facebook Locations: Manoa, Honolulu, China

☆ Mark Cuban says an NBA legend taught him this 9-word mantra—it helps you 'differentiate' yourself from other people
▼ + stars: | 2023-10-29 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Mark Cuban may have made his billions as an entrepreneur and investor — but he's received some of his best advice from athletes. It's powerful, Cuban explained, because it applies to every field, from sports and sales to computer programming and creative writing. "Whatever it may be, you've got to keep doing it and doing it," said Cuban, who owns the NBA's Dallas Mavericks. "A lot of people, particularly in sports, but in life as well, they take the shortcuts always," said Cuban. To an extent, he's been practicing it his entire life, particularly as an entrepreneur.

Persons: Mark Cuban, —, he's, Basketball Hall of Famer Dirk Nowitzki, Cuban, you've, Warren Buffett Organizations: Basketball Hall of Famer, GQ, Dallas Mavericks, Brown University, Cuban, CompuServe, Yahoo, Bloomberg Locations: Cuban, Pittsburgh

☆ Self-made millionaire: If you want a 'game-changing' side hustle or business, study this one CEO very closely
▼ + stars: | 2023-10-25 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Plenty of side hustles and businesses become lucrative because they fix an unsolved problem, or improve something that already exists. If that seems easier said than done, there's a simple solution: Study people who've fixed other unsolved problems before, self-made millionaire and RSE Ventures CEO Matt Higgins said at the CNBC Make It: Your Money virtual event last week. Higgins pointed to one particular billionaire as an example: Airbnb CEO Brian Chesky, who accidentally co-founded his company while brainstorming ways to pay rent in 2007. Chesky and one of his co-founders booked out air mattresses to strangers who were in San Francisco for a design conference. Pay attention to your surroundings, and ask yourself if your solutions to everyday problems are replicable, Higgins said.

Persons: Matt Higgins, Higgins, Brian Chesky, Uber Organizations: RSE, CNBC Locations: San Francisco

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