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The ultimate guide to earning passive income online
  + stars: | 2024-03-07 | by ( Cnbc Make It Staff | ) www.cnbc.com   time to read: +2 min
In fact, one of the most common questions that readers write in to ask CNBC Make It is: How can I start a passive income business? That's why we created How to Earn Passive Income Online, a new online course that launches March 12 and is available now for preregistration, as part of the Smarter by CNBC Make It online learning series. Our course provides an overview of common passive income streams, from creating digital products like printables to selling merchandise online using print-on-demand services. But if you're willing to navigate the market, experiment and learn, you can build passive income into your life. Sign up today for the online course How to Earn Passive Income Online and save 50% with a limited-time introductory offer.
Persons: who've, Megan Sauer, Amy Landino, Ryan Hogue, Bradley Sutton Organizations: CNBC
You don't have to be a CEO, or even a manager, to be influential at the office. Getting your coworkers to listen to and support your ideas boils down to just three emotional intelligence techniques, says Stanford University lecturer and communication expert Matt Abrahams. The advice is timely, Abrahams adds: Hybrid and remote work mean most entry- and mid-level Gen Z and millennial employees get less face time with their bosses. "You really are forging your own way and need to get others to at least support, if not follow, the things you're trying to do." Find alliesWhenever you find yourself in a room of people who don't usually work with, you have an opportunity to form new relationships.
Persons: Stanford Graduate School of Business Matt Abrahams, Matt Abrahams, Abrahams, I'm Organizations: Stanford Graduate School of Business, New York Marriott Marquis Hotel, Stanford University, CNBC Locations: New York City
Billionaire Mark Cuban built his career using advice his dad gave him at age 14: Time is your most valuable asset. Sometimes, his dad brought him along to sweep floors — and, more specifically, show him the limits of working for someone else. "This time wasn't spent to learn about what my dad did, but to learn that his job didn't have a future," says Cuban, 65. "I wanted to make enough money so I didn't have to respond to anybody else," Cuban said in a MasterClass released last week. "I could make my own schedule and live my own life the way I wanted to do it."
Persons: Mark Cuban, Norton, wasn't Organizations: CNBC Locations: Pittsburgh, Cuban
That's where Mark Cuban and his college friend Todd Wagner were in 1995, eating lunch and talking about Indiana University basketball. "There's got to be a way that we can listen to Indiana University basketball ... over the internet," Cuban recalled the two of them saying, during a MasterClass course released Thursday. Cuban and Wagner sold the company to Yahoo for $5.7 billion in stock in 1999. It remains Cuban's most lucrative entrepreneurial endeavor, topping the $6 million sale of his first company, software business Microsolutions, in 1990. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.
Persons: Mark Cuban, Todd Wagner, There's, Cuban, Wagner, Broadcast.com, he's Organizations: Ivy League, Indiana University basketball, Yahoo, Hoosiers, Cost, CNBC Locations: Dallas, Bloomington , Indiana, Broadcast.com, Cuban
In 2023, the overall value of M&A transactions dipped globally to $2.9 trillion across 53,529 deals, down from $3.4 trillion across 57,830 transactions in 2022. Business Insider partnered with MergerLinks , a financial-data service that tracks deals, to present the fifth edition of "The Rainmakers," the 20 M&A bankers who orchestrated the largest deals in North America. MergerLinks tracks publicly announced deals and calculates deal values on a net basis, including both equity and debt pieces. This year’s list has a mix of returnees and first-timers and was dominated by energy bankers, including Goldman’s Sikhtian and Morgan Stanley’s Hoover. Nearly half of the bankers on this year's list worked on energy deals.
Persons: , Scott Sheffield, Goldman Sachs, Suhail Sikhtian, Morgan Stanley, Greg Weinberger, Aaron Hoover —, Patrick Ramsey, Claudio Sauer, Hess, Goldman’s Sikhtian, Morgan Stanley’s Hoover Organizations: Service, Pioneer Natural Resources, ExxonMobil, Sheffield, Pioneer, Exxon, Business, Centerview Partners, LSEG, MergerLinks, Chevron, Centerview, Health Partners, Pfizer, & $ Locations: Sheffield, Texas, North America
Jenny Woo, 42, brought in more than $1.71 million in 2023 revenue by selling EQ card games on Amazon. She was working on her master's degree in education at Harvard University, learning about emotional intelligence and child development. Woo spent roughly $1,000 from her savings to launch her side hustle, Mind Brain Emotion, in 2018. A million-dollar ideaWhen budget cuts hit the school, Woo was laid off. A month before graduating from the Harvard program, Woo launched a Kickstarter campaign for the deck with a $1,500 goal.
Persons: Jenny Woo, Woo, , it'd Organizations: Harvard University, Amazon, CNBC, University of California, Berkley, Cisco, Harvard, Harvard Innovation Labs Locations: Irvine, Southern California, Boston
Berger points to nearly a 50-year-old study from Harvard University, wherein researchers sat in a university library and waited for someone to use the copy machine. They phrased their request in three different ways:"May I use the Xerox machine?" "May I use the Xerox machine because I have to make copies?" "May I use the Xerox machine because I'm in a rush?" "Persuasion wasn't driven by the reason itself," Berger wrote in a book on the topic, "Magic Words," which published last year.
Persons: Jonah Berger, Berger, Organizations: Wharton School, University of Pennsylvania, CNBC, Harvard University, Xerox
Asking someone for help can feel like a burdensome request. Asking for a helper tells the other person that you respect their expertise, flattering them into agreement. That's just one example of turning "options into identities," says Jonah Berger, a marketing professor at the Wharton School of the University of Pennsylvania. "Framing actions as opportunities to claim desired identities will make people more likely to do them," Berger tells CNBC Make It. "If voting becomes an opportunity to show myself and others that I am voter, I'm more likely to do it."
Persons: Jonah Berger, Berger, I'm Organizations: Wharton School, University of Pennsylvania, CNBC Locations: That's, It's
Prosecutors alleged that the Crumbley parents willfully disregarded warning signs that their son was in crisis, did not heed concerns of school administrators, bought him a gun days before the shooting and failed to lock it up. Yet, research shows that even parents who think their guns are inaccessible to minors are mistaken. Distributed responsibilityMost parents want their children to be safe, yet many continue to enable household access to loaded guns. In fact, a recent study shows that states often loosened gun laws after mass shootings, especially states with Republican legislatures. This case opens the door for parents to be held legally accountable, and reminds all parents of their responsibilities when it comes to gun safety.
Persons: Jennifer Tucker, Jennifer Crumbley, Ethan Crumbley, She’ll, Jennifer Tucker Olivia Drake, Shannon Smith, , Sig Sauer, James Crumbley, , it’s, Payton Gendron, Robert Crimo Organizations: Wesleyan University, Wesleyan’s Center, Guns and Society, Brennan Center for Justice, NYU Law School, CNN, Prosecutors, RMA Armament, Buffalo, Buffalo News, Giffords Law Center, , District of Columbia, American Medical Association, National Rifle Association Locations: Oxford, Michigan, Buffalo , New York, Buffalo, Chicago, Highland Park , Illinois, Illinois, Virginia, American
Some people swear a productive day starts at 4 a.m. Others sleep on factory floors to ensure work gets done. The early-morning organization helps keep him productive throughout each day, he said. It's partially a privilege, Cuban admitted: He was initially attracted to entrepreneurship so he could control his own schedule. "The whole value of being in this position is just being able to control your time," Cuban, 65, said. But for Cuban, his schedule and communications are streamlined through his inbox, which helps him prepare for the day and cut down on unnecessary calls and emails, he said.
Persons: Mark Cuban, Trevor Noah, It's, Cuban, Nicola Hughes Organizations: CNBC, Cuban
But it also sets the stage for additional appeals from the Republican ex-president that could reach the U.S. Supreme Court and result in further delays. The judges gave Trump until February 12 to ask the Supreme Court to pause the ruling. The appeals court took center stage in the immunity dispute after the Supreme Court in December said it was at least temporarily staying out of it, rejecting a request from Smith's team to take up the matter quickly and issue a speedy ruling. But the court could yet still decide to act on a Trump team appeal, adding to the uncertainty of a trial date. The high court declined the request, leaving the matter with the appeals court.
Persons: Donald Trump, Jack Smith's, Trump, Joe Biden, , Biden, Tanya Chutkan, , Smith, Florence Pan, Michelle Childs, Karen LeCraft Henderson, George H.W, George H.W . Bush, Trump’s, John Sauer, He’s, Stormy Daniels Organizations: WASHINGTON, , White, U.S . Capitol, Republican, U.S, Supreme, Trump, Constitution, Democrat, Congress Locations: U.S, George H.W ., Washington, Florida, Lago, Georgia, New York
Trump's team will likely appeal the ruling to the conservative-majority Supreme Court. AdvertisementFormer President Donald Trump is not immune from criminal prosecution in the special counsel Jack Smith's election-interference case, a Washington, DC, appeals court panel ruled Tuesday. Tuesday's appeals court ruling and a possible Supreme Court showdown on the matter could have massive constitutional and political implications. "For the purpose of this criminal case, former President Trump has become citizen Trump, with all of the defenses of any other criminal defendant. That state-level business-fraud indictment may now be the first criminal case to go to trial.
Persons: Donald Trump, , Jack Smith's, Trump, Smith, Trump's, Joe Biden, Donald Trump mingles, Charlie Neibergall, Tuesday's, Florence Pan, D, John Sauer, Sauer, wasn't, Pan Organizations: Service, Trump, Republican, AP Locations: Washington, Manhattan, Fulton County, Georgia, Iowa, Clinton , Iowa
A few hours later, Ethan Crumbley pulled a handgun from his backpack and shot 10 students and a teacher, killing four peers. “You saw your son shoot the last practice round before the (school) shooting on Nov. 30. Ethan Crumbley, now 17, pleaded guilty to murder and terrorism and is serving a life sentence. Prosecutors were not required to call him as a witness to try to prove their case against Jennifer Crumbley. It didn't matter: The judge kept him off the witness stand because attorneys for Ethan Crumbley said he would cite his right to remain silent.
Persons: , Jennifer Crumbley, Ethan Crumbley, Cheryl Matthews, , She’s, Ethan Crumbley’s, Sig Sauer, James Crumbley, Marc Keast, Jennifer, , Ed White Organizations: PONTIAC, Oxford High School, , Prosecutors Locations: Mich, Michigan, Detroit, Oakland, U.S
It is the latest development in the shooting that occurred Nov. 30, 2021, in Oxford, Michigan, just north of Detroit. His son Ethan, 15 at the time, posts a photo on Instagram of himself holding the semi-automatic handgun, writing: “Just got my new beauty today. You have to learn not to get caught.” That night, Ethan Crumbley records a video declaring his plan to kill students. Photos You Should See View All 45 ImagesNov. 30, 2021: Ethan Crumbley opens fire at Oxford High School, killing four students. Jan. 24, 2022: Oxford High School reopens for the first time since the attack, with the school’s principal declaring “we are reclaiming our high school back.”Oct. 24, 2022: Ethan Crumbley, 16 at the time, pleads guilty to terrorism and first-degree murder.
Persons: James Crumbley, Sig Sauer, Ethan, , Jennifer Crumbley, he's, “ Lol, I’m, Ethan Crumbley, James Organizations: Acme Shooting Goods, SAUER, Oxford, Oxford High School Locations: Mich, Michigan, Oxford , Michigan, Detroit, Oxford
It allows the city to suspend a landlord’s rental license if police answer four or more “nuisance” calls in a year. Minnesota law meanwhile prohibits landlords from limiting or preventing calls for emergency services and also preempts local ordinances penalizing landlords over such calls. She later learned the calls ran afoul of Peoria’s nuisance ordinance. Last year, Maryland prohibited landlords from evicting tenants over the number of emergency calls to their addresses, as well as prohibited cities and counties from penalizing landlords for emergency calls. Jose Cruz Guzman, who serves on the board of Minneapolis’ Sky Without Limits Cooperative, said emergency calls to an apartment would prompt support from fellow residents.
Persons: , Elizabeth Sauer, Jeff Weaver, Sue Abderholden, Scott Baumgartner, Baumgartner, Tina Davies, Davies, they’re, “ I’m, Kate Walz, Jose Cruz Guzman, ___ Hanna, Steve Karnowski Organizations: U.S . Department of Justice, Central Minnesota Legal Services, City, FBI, DOJ, Anoka, National Alliance, Mental, Associated Press, Fair Housing, Peoria, American Civil Liberties Union, New, New York Civil Liberties Union, National Housing Law, Housing, Prevention Locations: Minneapolis, Anoka, Mississippi, , Minnesota, California , Ohio, Illinois, Peoria, New York, Hesperia , California, U.S, Maryland, California, Topeka , Kansas
You might assume winning arguments — over politics, a work project, or even where to eat — requires hours of researching data and rehearsing well-informed points. Not necessarily, says Jonah Berger, a marketing professor at the University of Pennsylvania's Wharton School. That's because people often dilute their stronger claims by adding weaker, less relevant ones, Niro Sivanathan, an organizational behavior professor at London Business School, told CNBC Make It in November. So, instead of hearing your strongest points, the person you're hoping to convince may walk away with a shallower understanding of your argument. "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: Jonah Berger, didn't, Niro, Sivanathan Organizations: University of Pennsylvania's Wharton, CNBC, London Business School
YouTube CEO Neal Mohan has four words of advice for anyone looking to succeed: Be true to yourself. "I wish somebody had given me that advice early in my career, because nothing rings more true." The experience at YouTube, Mohan said, taught him about the value of authenticity. By his estimation, the most successful creators on YouTube are transparent about their real lives and show their personalities in videos. "Whether they're sports creators, whether they're musicians or artists … of course, they're incredibly talented and know how to tell stories, but they're true to themselves," Mohan said.
Persons: Neal Mohan, Mohan Organizations: YouTube, Stanford Graduate School of
Mark Cuban once pictured himself running a major corporation — until he started his first job out of college. The experience "sealed" something he probably already knew, Cuban told CNBC Make It via email: If he wanted to run a company, he'd likely have to build his own. "I was a lousy employee because I was a know-it-all," Cuban told Wired last year. But not every prospective entrepreneur is as successful as Cuban, who launched a software company called Microsolutions in 1983 and kept it afloat through some turbulent early years. Cuban's second business, Broadcast.com, was acquired by Yahoo for $5.7 billion in 1999.
Persons: Mark Cuban, Cuban, Trevor Noah's, unkindly, he's, didn't, he'd Organizations: , University of Indiana, Mellon Bank, CNBC, Software, Wired, Yahoo Locations: Pittsburgh, Cuban, America, Dallas
Launching one of your own can be that easy if you know where to start. Most side hustles need to check at least one of those three boxes to succeed, she notes. If you were good at school, you could earn extra money by tutoring. "There are other ways to [earn] that aren't just trading your time directly for money," says Berman. But without their access to customers or built-in legitimacy, you'll have to build your own brand without a road map to earn any money at all.
Persons: Kathy Kristof, Cody Berman, it'll, Kristof, you've, Berman, Etsy, who'd Organizations: Gold City Ventures, Rover
Emma Grede didn't grow up near Silicon Valley tech founders or Manhattan financiers. She's built relationships along the way: Her business partners for those companies are Khloé Kardashian and Kim Kardashian, respectively. But she credits a large part of her success to advice her mother gave her when she was little. "I really value myself and I really value my goals, and I don't think [success] is much more complicated than that," Grede, who has a reported net worth of $320 million, said on the podcast. The lesson taught Grede that she could learn alongside her peers at any job, then carry that knowledge onward when it was time for bigger and better things, she said.
Persons: Emma Grede didn't, Grede, Jay Shetty, She's, Khloé Kardashian, Kim Kardashian, Emma Locations: Silicon Valley, Manhattan, East London
Tessa Barton and Cole Herrmann lived in a 250-square-foot New York studio apartment, with a showerhead that spit brown water and a radiator capable of giving second-degree burns. She and Herrmann, a software engineer, realized they could bottle up her aesthetic into pre-made photo filters and sell them. That idea is now Tezza, a Los Angeles-based company that makes collage kits, apparel and its claim-to-fame photo editing app. Barton and her photo collage wall, in the couple's New York studio apartment. Tezza is best known as a photo editing app, currently ranking between competitors Lightroom and VSCO on Apple's app store.
Persons: Tessa Barton, Cole Herrmann, You'd, , Herrmann, Tezza, Barton, we'd Organizations: CNBC, University of Utah, Urban Outfitters, New, Adobe Locations: York, Los Angeles, New York, Barton
In 2000, Penny Bowers-Schebal was a 31-year-old "cash-strapped" single mother struggling to cover basic household bills. She wanted to "build financial security" beyond the 401(k) program at her employer, Progressive Insurance, she tells CNBC Make It. So, at the advice of Suze Orman, she started putting $25 per month into a Dividend Reinvestment Plan (DRIP). Ultimately, her Home Depot investment brought her an annual return of roughly 13%. "I'm not a big investor, and this was a life-changing investment for me," Bowers-Schebal, now 55, says.
Persons: Penny Bowers, Schebal, Suze Orman, — Bowers, Bowers Organizations: Progressive Insurance, CNBC, Depot Locations: Geneva , Ohio, Erie , Pennsylvania
It is a feat former President Donald Trump is trying to duplicate this year. The first true test of Trump’s comeback occurs Monday in Iowa, where caucusgoers will venture into sub-zero temperatures to choose between Trump, Florida Gov. After months of speculation, we’ll finally get some answers to a few questions: Is there an opening for any Republican aside from Trump? Most of our contributors thought Haley won Wednesday’s CNN debate in Iowa against DeSantis, but Trump’s absence from the stage again loomed large. “Haley sounded like someone looking to take on the genuine article — the Republican frontrunner,” wrote W. James Antle III.
Persons: George Washington’s, Grover Cleveland, , Troy Senik, Donald Trump, Cleveland, , , Republican frontrunner’s, Cleveland didn’t, Benjamin Harrison —, Ron DeSantis, Nikki Haley, Vivek Ramaswamy, we’ll, Will DeSantis, he’s, Haley, Wednesday’s, “ Haley, James Antle III, , ” Clay Jones, Chris Christie, Trump, ” Antle, who’s, Facebook Sophia, Nelson, “ Haley isn’t, Todd Graham, she’d, it’s, ” DeSantis, John Avlon, Laurence Tribe, Norman Eisen, Taylor Redd, Florence Pan, John Sauer, ” Bill Bramhall, Frida Ghitis, Ghitis, DeSantis, Julian Zelizer, Dean Obeidallah, Nikki Haley’s Lisa Benson, Peter Bergen, Prince Mohammed Bin Salman, Biden, ” Walt Handelsman, Max, Drew Sheneman, Hassan Shahidi, Shahidi, Oprah, Oprah Winfrey, John Salangsang, Adrienne Bitar, WeightWatchers, couldn’t, Rose Blanchard, Sarah Gundle, Blanchard, Claudine ‘ Dee Dee ’ Blanchard, Gypsy Rose, ” Dee Dee, Gundle, Dee Dee Blanchard, Pope Francis, ” Jill Filipovic, Filipovic, Pope, ” Lloyd Austin’s, Lloyd Austin, Joe Biden, Austin, isn’t, Bill Bramhall, “ Oppenheimer, “ Barbie, “ Barbie ”, Gene Seymour, Oppenheimer, Emma Stone, ” Seymour, Don’t, Michael Bociurkiw, Ukraine Lanhee J, Chen, Noah Berlatsky, Belichick Bill Belichick, Vince Lombardi, Jeff Haynes, Bill Belichick, Will Leitch, Jeff Pearlman, Nick Saban, ” “ Belichick, Saban, ’ Pearlman, Lou Piniella, Organizations: CNN, University of Michigan, Cleveland, Republican, Trump, Trump , Florida Gov, Wednesday’s CNN, DeSantis, New, New Jersey Gov, Twitter, Facebook, Florida Gov, DC, Agency, Capitol, GOP, US, UK, Alaska Airlines, Boeing, Max, Portland International, Flight, Foundation, Golden Globe, Globes, Catholic, Biden, Warner Bros ., Academy, Hollywood Foreign Press Association, Belichick, New England Patriots, Reliant, Patriots, Carolina Panthers, Getty, Super, Football, NFL, Minor League NFL, University of Alabama, Schlitz, Seattle Mariners Locations: Cleveland, Iowa, Trump , Florida, Trump, New Hampshire, New Jersey, Graham, Houthi, Yemen, Red, , Saudi Arabia, Saudi, Bergen, Iran, Iraq, Iranian, Oregon, Beverly Hills , California, Ukraine, Houston , Texas, AFP, Swiss
A three-judge panel of the federal appeals court in Washington heard arguments on Tuesday in a momentous case over former President Donald J. Trump’s claim that he is immune from criminal charges for the efforts he took to overturn the 2020 election. A ruling by the court — and when it issues that decision — could be a major factor in determining when, or even whether, Mr. Trump will go to trial in the federal election case. Here are some takeaways:All three judges signaled skepticism with Trump’s position. The judges on the Court of Appeals for the District of Columbia Circuit appeared unlikely to dismiss the charges against Mr. Trump on grounds of presidential immunity, as he has asked them to do. The two Democratic appointees on the court, Judge J. Michelle Childs and Judge Florence Y. Pan, peppered John Sauer, a lawyer for Mr. Trump, with difficult questions.
Persons: Donald J, Trump, Judge J, Michelle Childs, Florence Y, John Sauer, Karen L, Henderson, Biden Organizations: Appeals, District of Columbia Circuit, Mr, Democratic, Republican Locations: Washington
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
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