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☆ 42-year-old turned $175,000 into a Pilates company—then sold it for $88.4 million: 'I put every dollar I had' into it
▼ + stars: | 2023-06-23 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

Mahlum wagered everything to start Solidcore, a Washington D.C.-based company that brands itself as "Pilates core workouts redefined." Seven months later, she threw all her savings — $175,000 worth — into launching her own version of the company. She also raised $5 million from family and friends, leaving her with 80% of the startup's equity, she adds. CNBC Make It: What convinced you to pour your life savings into a Pilates business after a single workout? But I had a realization: If I take this money, all I'm communicating is that I'm doubting myself.

Persons: wasn't, she'd, —, Anne Mahlum, Solidcore, Mahlum, Adams Morgan, Larry Solomon —, I'd, Warren Buffett Organizations: Washington D.C, Global Health, Fitness, CNBC, Kohlberg, Company Locations: Washington, Philadelphia, New York City, Adams

☆ A.I. will make having a lucrative side hustle or startup much easier, says Airbnb CEO
▼ + stars: | 2023-06-19 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Airbnb CEO Brian Chesky isn't afraid of artificial intelligence displacing jobs. "It's easier to imagine what jobs will be displaced than what jobs would be created," Chesky said. Chesky isn't alone in thinking this way. But the expansion of AI could still be a double-edged sword, as Tesla CEO Elon Musk told CNBC's David Faber last month. DON'T MISS: Want to be smarter and more successful with your money, work & life?

Persons: Brian Chesky isn't, ChatGPT, Steve Wozniak, Mark Cuban, they're, Chesky, you'll, Matt Higgins, Elon Musk, CNBC's David Faber, Warren Buffett Organizations: Apple, ChatGPT, Computer, RSE, CNBC

☆ Bestselling author: Here’s the No. 1 reason you aren’t as successful as you want to be—and how to fix it
▼ + stars: | 2023-06-16 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Instead, she recommends, focus on the motivations that you know have already worked for you before. "A lot of times when people want to make a change, they want to make or break a habit," Rubin tells CNBC Make It. "They want to do something because it worked for a good friend of theirs or they read an article about [it]. The trick, in other words, is figuring out what motivates you and applying it to a wide variety of situations. "The people who are the most successful are the ones who have figured out what they need to achieve their aims," says Rubin.

Persons: Gretchen Rubin, Rubin, you've, —, they're, Warren Buffett Organizations: CNBC

☆ 32-year-old spent $2,000 setting up an Airbnb in her neighbor's barn—now her rentals bring in $2.88 million a year
▼ + stars: | 2023-06-14 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

The company brought in $2.28 million last year on Airbnb and rental platform Eviivo, according to documents reviewed by CNBC Make It. She paid a company to help her create hashtags and build her online presence — all for a single Airbnb property. She asked Randall to promote the Airbnb listing on her "Stays and Getaways" page, in exchange for a free stay. When a former middle school classmate reached out asking for Airbnb advice, Inlow said she'd redesign and run the property herself for $10,000. That fall, Inlow purchased another property management company, Cape Charles Escapes, to expand her rental portfolio to Virginia's coast.

Persons: Jamie Inlow's, Inlow, wasn't, Jamie Inlow, Julia Randall, Randall, Getaways, Cape Charles Organizations: University of Virginia, CNBC, Google, Airbnb, Cape, Historic, LV8 Locations: Scottsville , Virginia, Virginia, Virginia's, Staunton , Virginia

☆ One of America's richest self-made women quit her job to cook edibles—now her net worth is $225 million
▼ + stars: | 2023-06-09 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Recreational cannabis was still illegal when Nancy Whiteman left her high-paying consulting job to cook edibles in Boulder, Colorado, in 2010. The 64-year-old founder of edible cannabis company Wana is now one of the richest self-made women in the U.S., with a net worth of $225 million, according to Forbes. "I like to say I went from the most traditional industry to the least traditional industry," Whiteman told CNBC Make It in 2018. Much of Whiteman's fortune comes from selling Wana for $350 million in 2021 to Canopy Growth, an Ontario, Canada-based cannabis company. That "got my undivided attention," Whiteman told Forbes.

Persons: Nancy Whiteman, Forbes, Whiteman Organizations: CNBC Locations: Boulder , Colorado, U.S, Ontario, Canada, Wana

☆ DocuSign shares rise on earnings beat and strong guidance
▼ + stars: | 2023-06-08 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

DocuSign, the e-signature provider, reported an earnings and revenue beat for the fiscal quarter ended April 30, alongside announcing a handful of C-suite hires and new service offerings. Here's how the company did:Earnings: 72 cents per share, adjusted, vs. 56 cents per share expected by analysts, according to Refinitiv. 72 cents per share, adjusted, vs. 56 cents per share expected by analysts, according to Refinitiv. Revenue: $661 million vs. $642 million expected by analysts, according to Refinitiv. For the fiscal second quarter, DocuSign expects revenue of $675 million to $679 million, compared to analyst estimates of $667 million, according to Refinitiv.

Persons: DocuSign, Blake Grayson, Dmitri Krakovsky —, Kurt Sauer, Allan Thygesen, Dan Springer Organizations: Inc, Apple, DocuSign, Google, SAP, Yahoo Locations: Dobbs Ferry , New York, U.S, Refinitiv

☆ Ivy League professor of ultra-popular 'monk class': These 3 changes can make you more resilient than most
▼ + stars: | 2023-06-05 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

To pass Justin McDaniel's "monk class," University of Pennsylvania students must ditch their phones — and voices — for 30 days. The class's stringent rules, modeled after actual monk practices, aren't meant to socially isolate the students. "We exercise to build muscle and endurance, but we don't practice emotions," McDaniel, a humanities professor who practiced as a monk for nearly a year at age 21, tells CNBC Make It. The monk class is supposed to be like "shock therapy," a crash course to jolt students into mindfulness: Spending a month with fewer distractions helps students become more aware of their physical surroundings and emotions, he says. In the class, McDaniel teaches that doing one thing at a time is the best way to stay present.

Persons: Justin McDaniel's, —, McDaniel, epiphanies Organizations: University of Pennsylvania, CNBC, Twitter, of Bath, Social Networking, Netflix, Stanford University

☆ 34-year-old makes up to $167 an hour nannying for the mega-rich: I could work just 2 months a year and 'be fine'
▼ + stars: | 2023-05-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

When Gloria Richards isn't acting on off-Broadway stages, she travels with billionaires' kids, often whom she's never met, across the world. Richards spends half of each year nannying for the ultra-wealthy to supplement her income between off-Broadway and one-woman shows in New York City and Virginia. "What feeds me is being able to work so closely with these kids." Nannying for the ultra-wealthy isn't always about childcare: She spends most of her working hours coordinating children's educational and social calendars. She gets paid up to $2,000 per day for 12 to 15 hours of work, she says.

☆ Mark Cuban says Twitter's new algorithms are designed to help one man only: Elon Musk
▼ + stars: | 2023-05-27 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

This time, he's accusing Musk of rigging the platform to promote his own tweets and points of view. Last week, Cuban wrote he did his own deep dive into how Twitter determines who sees what posts. But it's very convenient for Musk, who as Cuban points out, is the most followed person on Twitter. "The largest Twitter account has the greatest reach," Cuban wrote. Those algorithms are more influential than before because of Twitter's new "For You" timeline, Cuban said.

☆ 30-year-old started his business with a website, sewing kit and Pizza Hut salary—now he's a billionaire
▼ + stars: | 2023-05-26 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Ben Francis didn't become wealthy through a family inheritance or business school connections. Originally, Francis and co-founder Lewis Morgan launched Gymshark as a website selling fitness supplements, he told CNBC Make It in 2021. "CEO was not the right role for me when I was in my early 20s," Francis told CNBC Make It. "Just because I'd started a business that had grown very quickly didn't mean I was the most competent chief exec." "I really think Gymshark can be the U.K.'s answer to those brands," Francis told CNBC Make It.

☆ Airbnb CEO shares the best advice he's ever received—it's 'counterintuitive to almost everything everyone says’
▼ + stars: | 2023-05-24 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

A single piece of advice from an investor helped Airbnb CEO Brian Chesky grow his company from a struggling startup to an industry giant worth roughly $70 billion. That's according to Chesky himself, who told attendees at a recent Stanford Graduate School of Business event that it was "the best piece of advice I ever got." The advice: "Focus on 100 people that love you, rather than getting a million people to kind of like you," Chesky said. It came courtesy of Paul Graham, the co-founder of tech startup accelerator Y Combinator, who advised Airbnb's co-founders — Chesky, Joe Gebbia and Nathan Blecharczyk — to focus on a tiny audience of potential customers as they built their company. For early Airbnb, that meant creating experiences for guests that stood out from staying at a hotel or crashing on a couch.

☆ Barbara Corcoran's $16 million 'Shark Tank' strategy: 'I'm always looking for the same No. 1 trait'
▼ + stars: | 2023-05-15 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Barbara Corcoran is often wowed by pitches on ABC's "Shark Tank, but impressive products or services aren't enough to get her to invest. Corcoran has offered "Shark Tank" contestants a lot of money using this approach: more than $16 million, according to one online estimate from November. Roughly one in 10 of Corcoran's investments on the show actually earn a profit, she said. "You make 10 investments, you get two to three huge hits, and it pays for the other seven [failed investments]," Corcoran's "Shark Tank" co-star Kevin O'Leary told CNBC Make It last year. "I'm good with that with my 'Shark Tank' companies," Cuban wrote on Twitter earlier that same year.

☆ 24-year-old barista's side hustle earns $9,000 a month, more than her full-time job—it only takes 8 hours a week
▼ + stars: | 2023-05-11 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

The idea behind Morgan Eckroth's social media business is simple: Create the "warmness and comfort of a coffee shop" online. Eckroth launched her account, MorganDrinksCoffee, as an experiment to hone her social media marketing skills in June 2019. While I was getting my degree [at Oregon State University], I always knew I wanted to go into media marketing and digital advertising. How does having a successful social media business affect the way you consume social media? I try my best not to consume my own content or other coffee content online.

☆ Ford reveals redesigned Ranger pickup with new Raptor performance model
▼ + stars: | 2023-05-10 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

In this article F Follow your favorite stocks CREATE FREE ACCOUNT2024 Ford Ranger Raptor FordDETROIT — Ford Motor on Wednesday revealed its redesigned Ranger midsize pickup truck for the U.S., including a new Raptor performance model. 2024 Ford Ranger Raptor FordFord declined to release the current average transaction price of the Ranger. The Ranger Raptor, which is powered by a 3.0-liter EcoBoost V6 engine, adds to Ford's Raptor lineup that currently includes the F-150 full-size pickup and Bronco SUV. 2024 Ford Ranger Raptor Ford"The mission has always been to climb the mountain to No. 2024 Ford Ranger XLT Sport FordThe Ranger fits in between Ford's compact Maverick pickup and the automaker's full-size F-150 and larger F-Series trucks.

☆ Barbara Corcoran says 90% of her 'Shark Tank' investments don't make her money—here's why she doesn't regret any of them
▼ + stars: | 2023-05-09 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

Barbara Corcoran doesn't want to hear your startup pitches outside of ABC's "Shark Tank." Rather, it's because only one in every 10 of her "Shark Tank" investments actually earns a profit, she said. Because of the high-risk nature of investing, the 74-year-old said she only pulls out her wallet for a select few "Shark Tank" pitches. She's not the only "Shark Tank" investor who feels that way. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."

☆ A $175 check signed by Steve Jobs is up for auction—it’s 'expected to fetch $25,000' or more
▼ + stars: | 2023-05-07 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

But if you find one signed by Apple co-founder Steve Jobs, it might be worth extra cash. RR Auction, a Boston-based organization that sources and sells historical autographs, manuscripts and artifacts, is auctioning off a $175 check signed by Steve Jobs in July 1976. The check is expected to fetch $25,000," over 142 times its original worth, according to the company's press release. In 1974, Jobs left his role as a video game designer and reconnected with Steve Wozniak, a former high school friend. When Jobs was kicked out of Apple in 1985, he started a rival computer company called NeXT.

☆ When Brian Chesky co-founded Airbnb, his mom said, 'You're not an entrepreneur, you're unemployed'—now he's worth $9.3 billion
▼ + stars: | 2023-05-03 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

That's according to Chesky, who told the story at a recent Stanford Graduate School of Business event. Months before Airbnb's scheduled initial public offering, business dropped 80% in eight weeks during Covid-19 lockdowns, Chesky told Stanford students. Today, Airbnb's market cap is $75.49 billion, and Chesky's net worth is $9.3 billion, according to Forbes. "I never focused on trying to make a lot of money," Chesky said. DON'T MISS: Want to be smarter and more successful with your money, work & life?

☆ Mark Cuban says he's losing nearly 1,000 Twitter followers a day—and paying $8 for a blue check hasn't helped
▼ + stars: | 2023-04-29 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

And his experiment to fix the problem — paying for Twitter Blue, which costs $8 per month, to give his account the blue checkmark it used to sport for free — isn't working. Last month, he asked Twitter CEO Elon Musk in a tweet for suggestions on how to "retain or grow" his follower count. In December, Musk tweeted Twitter was "working on a software update" where users would be able to see if their accounts were shadow-banned or not. "We're rapidly improving transparency & fairness on this platform, but there is still a lot of work to do," Musk tweeted on Monday. The act damaged the blue checks' value by making them both less exclusive and less credible, Cuban suggested.

☆ Mark Cuban says he could get people to pay $100 for Twitter's blue checkmarks—Elon Musk's strategy is a 'huge mistake'
▼ + stars: | 2023-04-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

"There were 100 ways [Musk] could have asked legacy checks for $100," Cuban wrote. When rolling out the subscription service, Musk removed blue checkmarks from previously verified users, and made them available to anyone willing to pay. It's unclear whether he's paying for Twitter Blue or Musk is covering his subscription. Musk's implementation of Twitter Blue could make both elements harder for many users, particularly when they're no longer sure who they're actually speaking with. "Twitter still is the best game in town for so many different types of communications," Cuban wrote.

The 34-year-old is primarily an actress, but on the side, she's a travel nanny for billionaires in New York. "The qualities it takes to work for the ultra-wealthy is patience and a nuanced perception of anticipating a person's needs." Here's what they said about their lucrative side hustles:Nannying ultra-wealthy kidsNanny-matching site Care.com advises New York families to pay full-time nannies $21.25 per hour, the company's website says. Chauffeuring rich familiesA typical Uber driver in New York makes just over $45,000 per year, according to Glassdoor data. Frank Dorfman (right), alongside one of his daughters, started chauffeuring four years after he retired as a New York police detective.

☆ 29-year-old who quit the NFL to sell Pokémon cards: How my side hustle became a company bringing in $8.3 million in 9 months
▼ + stars: | 2023-04-26 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

When Blake Martinez was drafted by the Green Bay Packers in 2016, he didn't foresee leaving the NFL to sell Pokémon cards. Since its launch, Blake's Breaks has brought in more than $8.3 million in revenue, according to documents reviewed by CNBC Make It. Most of them are streamers — people who open and auction items on live streams — hawking everything from Pokémon cards to vintage purses. Selling food and selling Pokémon cards is obviously different, but they both depend on culture. Just last week, I told everyone, "This isn't about making Blake's Breaks money.

☆ Barbara Corcoran says she was fired before the first season of ‘Shark Tank’—she got her job back with a simple email
▼ + stars: | 2023-04-23 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Barbara Corcoran experienced every professional's worst nightmare: She landed her dream job, only to have the offer rescinded. It's unusual for job offers to get rescinded after you've signed on the dotted line, but not impossible. Last summer, amid fears of a looming recession, large companies like Coinbase, Twitter and Redfin took back job offers before a number of employees could log on for their first days. It was primarily a reaction to inflation, co-founder and CEO of the recruiting company WizeHire Sid Upadhyay told CNBC Make It last June. Upadhyay recommended asking your network for job leads, revisiting other job offers and getting in touch with former employers.

☆ Elon Musk now says he wants to create a ChatGPT competitor to avoid 'A.I. dystopia'—he's calling it 'TruthGPT'
▼ + stars: | 2023-04-19 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

"I'm going to start something which I call TruthGPT," Musk told Fox News' "Tucker Carlson Tonight" on Monday, adding that he'd want his AI chatbot to be a "maximum truth-seeking AI that tries to understand the nature of the universe." He didn't provide evidence for those claims, or detail exactly what a "truth-seeking AI" might entail. "A path to AI dystopia is to train AI to be deceptive," Musk said. "It could cause harm," Pichai told CBS News' "60 Minutes" on Sunday. Twitter — which intends to pursue generative AI, Musk told the BBC last week — is a for-profit company.

☆ Airbnb CEO says his $75 billion company was rejected by investors—until a $40 box of cereal turned things around
▼ + stars: | 2023-04-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Airbnb CEO Brian Chesky and his two co-founders did it with $40 boxes of cereal. Specifically, they sold self-designed cereal boxes featuring then-presidential candidates Barack Obama and John McCain as a breakfast option in Airbnbs. The cereal proved popular, selling more than 1,000 boxes and making $30,000 for the company, Chesky said. It might have never happened without the cereal: Airbnb was rejected by multiple major investors during its first year of operations, Chesky noted in a 2015 Medium post. "The investors that rejected us were smart people, and I am sure we didn't look very impressive at the time," he wrote.

☆ I rented clothes instead of buying new, and saved $53 a month—here's the No. 1 reason I'll keep doing it
▼ + stars: | 2023-04-17 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

I started renting used clothes in January, saving me an average of $53 per month so far. Balancing my vanity with an awareness that I needed to budget more effectively, I started renting clothes from Nuuly — a sister company to Urban Outfitters — in January. It hasn't curbed my shopping habits as much as I predicted, but it has saved me money: I spend $53 less per month, on average. But I didn't start renting clothes for my self-esteem. Why I'll keep renting clothes — but not forever

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