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☆ WATCH: Money experts discuss how to increase your earning power
▼ + stars: | 2023-10-16 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

The CNBC Make It: Your Money virtual event is scheduled for Oct. 17, 2023 — watch it live as successful entrepreneurs and investors offer actionable advice about building your career and increasing your earning power. , self-made millionaire, "Shark Tank" guest judge and co-founder of RSE Ventures, a private firm that invests in companies in a variety of industries, including sports and entertainment. Lastly, CNBC's Frank Holland interviews Douglas Boneparth, founder and president of Bone Fide Wealth and co-author of "The Millennial Money Fix." To register for the event, click on the "RSVP here" box at the top of CNBC Make It: Your Money livestream page. Disclosure: CNBC owns the exclusive off-network cable rights to ABC's "Shark Tank."

Persons: CNBC's Kristina Partsinevelos, Matt Higgins, Jenny Nguyen, Ashton Jackson, Erin McGoff, CNBC's Frank Holland, Douglas Boneparth, Edward Jones Organizations: CNBC, YouTube, RSE Ventures, Bone Locations: Portland , Oregon

☆ Putting your head down and hustling is 'totally wrong,' says Yale happiness expert—here’s what to do instead
▼ + stars: | 2023-10-11 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

You've heard those phrases promoting the idea that success, achievement and happiness are all enabled by a hefty bank account. Don't miss: Hustle culture isn’t dead, it just got a Gen Z rebrand: ‘People want time to live their lives’Working too hard can increase stress, depression and burnout, a Mayo Clinic blog post notes. "We have an intuition [that] I'm going to earn a million dollars, and I'll be happy. "You think, 'I've got to hustle more ... Now I need $5 million to [be happy].' That hustle culture misconception winds up doubling down on itself."

Persons: You've, Laurie Santos, it's, I'm, Santos, That's, I've Organizations: Yale, CNBC, Mayo Clinic, International, of Environmental Research, Public Health

☆ Use this 60-second exercise when you're stressed at work, says Harvard-trained psychologist: ‘Anyone can do it’
▼ + stars: | 2023-10-11 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Lindsay Bira swears by freediving — lengthy stints of underwater diving while holding your breath — as a stress reduction method. When you're stressed at work, practicing a "breath hold" freediving exercise at your desk can help, Bira said on Wednesday at the 2023 NeuroLeadership Institute Summit in New York. It only takes 60 seconds. "You are, physiologically, totally capable" of holding your breath longer than 60 seconds, but your brain starts to send distress signals before you reach the milestone, she added. When you take a second — or 60 seconds — to breath-hold and reframe your thinking in those moments, you're doing something called "reappraisal," Bira said.

Persons: Lindsay Bira, freediving, Bira Organizations: The University of Texas Health Science Center, San, Harvard Medical School, Boston University School of Medicine, UT Health San, National Library of Medicine, CNBC Locations: San Antonio, New York, UT Health San Antonio

☆ Mark Cuban loved this 'Shark Tank' company's mission—but the CEO made a $40 million mistake: 'You blew it'
▼ + stars: | 2023-10-09 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

A powerful mission alone isn't enough for Mark Cuban to invest seven figures in a company. "Micah, you blew it," Cuban told Truman. CEO Truman, alongside Return Home services manager Katey Houston, asked the Sharks for $2 million in exchange for 5% of their business — a deal that would value the company at $40 million. At the time of its most recent fundraise, "about a year" prior, Return Home was only valued at $20.6 million, Truman said. This is not about land grab, it's about brand grab," Truman responded.

Persons: Mark Cuban, Micah Truman, —, Micah, Cuban, Truman, Katey Houston, Kevin O'Leary Organizations: Dallas Mavericks, —, Home, Sharks, Truman Locations: Auburn, Washington, Houston

☆ This simple tactic helped a CEO sell his business for $1 million at age 21—here’s how to do it
▼ + stars: | 2023-10-05 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Specifically, his teenage solution to his family's financial woes — a dry-cleaning company — sold for $1 million in just three years, setting him on the path to serial entrepreneurship, Henry said. As a doorman, he connected with a resident who ran a different dry-cleaning company, and offered to teach him the economics behind the business, he said. After getting fired from his doorman gig, Henry realized he was learning more at the dry-cleaning company than at school, so he dropped out, he said. Pleased with the work, the wardrobe supervisor recommended Henry's dad to NBC's "Law and Order." After three years, Henry sold the company to one of its vendors for $1 million, Forbes reported in 2016.

Persons: John Henry, Henry, LinkedIn's, —, presser, NBC's, Forbes Organizations: Insurance, CNBC Locations: New York City, Dominican Republic, New, Harlem

☆ These 'Shark Tank' founders 'desperately' needed a rebrand—they still snagged a $500K deal with Mark Cuban
▼ + stars: | 2023-10-02 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

The company, called Gatsby Chocolate, appeared on Friday's season premiere of ABC's "Shark Tank." The appeal for Gatsby Chocolate was evident — lots of people have a sweet tooth, and a candy bar with less calories but "no compromise on taste" sounds like a no-brainer. But for Lori Greiner and guest shark Candace Nelson, founder of Sprinkles Cupcakes, it just didn't fit. While Lori entertained that notion, for a 25% stake, Cuban balked: "My brand is too big to be the face of the brand," the billionaire said. "Specifically, we're actively looking into 'Gatsby Chocolate: The good for you bar,' after discussing with Mark and Lori, so be on the lookout!"

Persons: Mark Cuban, Doug, Ryan Bouton, Ryan, Gatsby, Lori Greiner, Candace Nelson, Sprinkles, Greiner, Nelson, Kevin O'Leary, O'Leary, Daymond John, Z, Lori, they'd, Cuban, Ryan couldn't, We're, Mark, we're Organizations: Walmart Safeway, Cuban, CNBC

The husband-and-wife duo started with an ice cream push cart before opening their first Ample Hills shop in Brooklyn, New York, in 2011. At its height, Ample Hills was valued at $40 million, with 13 scoop shops and an online store that shipped ice cream nationwide. But a year later, they opened a new Brooklyn ice cream shop called The Social. Here's how Smith and Cuscuna built a $40 million ice cream company, slowly lost it all and quickly started rebuilding again. 'The real impetus was just that joy'Opening an ice cream shop was risky.

Persons: Brian Smith, Jackie Cuscuna, Smith, Cuscuna, Zachary Green, Brian, Steven Spielberg, Oprah Winfrey, Bob Iger, —, They've, Lisa Teach Organizations: Schmitt Industries, CNBC, Syfy, Disney, Walt Disney Locations: Brooklyn , New York, Brooklyn, Orlando , Florida, New York, California, Florida

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe lost a $40M ice cream business—how we're rebuildingBrian Smith and Jackie Cuscuna's ice cream company, Ample Hills Creamery, was a runaway success. A few years after they launched in Brooklyn, New York, they were endorsed by Oprah Winfrey and opened a shop at Walt Disney World. Then, in 2020, the company declared bankruptcy. Six months later, Smith and Cuscuna filed for personal bankruptcy. Now they're trying again — with new investors and a bevy of lessons learned from failure.

Persons: Brian Smith, Jackie Cuscuna's, Oprah Winfrey, Smith, Cuscuna, they're Organizations: Walt Disney Locations: Brooklyn , New York

☆ CEO shares a ‘secret trick’ for deciding to quit your toxic job: 'It can make it much, much clearer'
▼ + stars: | 2023-09-29 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Toxic bosses are far too common: They're the reason 57% of employees have quit a job, according to one report. Robyn L. Garrett, an author and CEO of leadership coaching firm Beamably, has a "secret trick" for figuring out whether it's time to abandon ship. "We don't always know why we have negative feelings about the workplace, but if you've taken the time to define your values, it can make it much, much clearer." You should probably consider leaving your job if you are completely opposed to your boss's approach on a moral level. If they're stuck in their ways, you'll have to resort to changing your communication style to match theirs.

Persons: Robyn L, Garrett, Beamably, you've, they'll, they're Organizations: Harvard, Harris Poll, Interact, CNBC

☆ Grammy's CEO: 'We're not going to award AI creativity' unless it falls under these two categories
▼ + stars: | 2023-09-26 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

"No, we're not going to award AI creativity," Mason said last week at the Fast Company Innovation Festival 2023. The Recording Academy recently published new eligibility requirements for the 66th annual Grammy Awards, which will take place in February 2024. If AI wrote the song but a human singer ... is singing the song, then it's going to be eligible for a performance category," Mason explained. The artists said they use AI for assistance in areas like songwriting, music production, mastering music and even music artwork. "The Academy is here to support and advocate and protect and represent human artists and human creators.

Persons: Harvey Mason Jr, we're, Mason, —, Drake, Ditto Organizations: Recording Academy, Fast, New York Times, Fast Company, CNBC Locations: Wharton

☆ 3 ways to use AI right now to get ahead—if you do, you're 'really going to succeed,' says expert
▼ + stars: | 2023-09-25 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

If you're only using artificial intelligence to edit selfies or find dinner recipes, you aren't getting the most out of it. These tools can help you get ahead in your career, according to Sarah Hoffman, VP of AI and machine learning research at Fidelity Investments. She's a particular fan of using ChatGPT, OpenAI's popular generative AI chatbot, in a professional context. In this context, the tool's mistakes and fabrications don't really matter — you're only using it for inspiration. You're establishing a jumping-off point for orienting your brain in the right direction, said Hoffman.

Persons: Sarah Doody, Sarah Hoffman, Hoffman, isn't, ChatGPT Organizations: Fidelity Investments, Fast, Purdue University

☆ Verizon's CEO swears by a simple 1-question morning routine: It gets you into the 'right mood and right energy'
▼ + stars: | 2023-09-24 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

For Verizon CEO Hans Vestberg, self-reflection is serious business. Vestberg started the routine in 2009 after becoming CEO of Swedish telecommunications company Ericsson, and he's done it "every day" since, he said. Each morning, Vestberg ranks his mood "from 1 to 10," he said, helping him get into the "right mood and right energy" to do his job. Jerry Colonna, an executive coach sometimes known as the "CEO whisperer," has a similar routine called "radical self-inquiry" that he says helps him make better decisions. "Spend a few minutes each day, but not the entire day, asking questions like how am I really feeling?

Persons: Hans Vestberg, Vestberg, He's, Jerry Colonna, Colonna, Juliette Han Organizations: Verizon, Fast, Ericsson, CNBC, Harvard

☆ Verizon CEO shares his weekly strategy to motivate people around him—it involves actually picking up the phone
▼ + stars: | 2023-09-21 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

You can motivate others at work simply by picking up the phone, according to Verizon Communications CEO Hans Vestberg. "I now have all these friends out there that actually want to work here, work together and get our job done. Bosses should make more of an effort to have regular chats with their employees, research shows. Seventy percent of workers say they want more daily or weekly check-ins than they're currently getting, according to a 2022 report from RedThread Research, a research services company. Kickstarter CEO Everette Taylor, for example, told Make It last month that he wouldn't have gotten his job without it.

Persons: Hans Vestberg, Vestberg, GoodRx, Doug Hirsch, Hirsch, TINYpulse, they're, Everette Taylor Organizations: Verizon Communications, Verizon, Fast, CNBC, RedThread Research

☆ Patagonia boss shares the No. 1 responsibility all CEOs have right now—it takes 'courage' to pull off
▼ + stars: | 2023-09-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Patagonia CEO Ryan Gellert has a simple message for other leaders across corporate America: Start taking your responsibility to the environment seriously. "I think common sense tells us that the climate ecological crisis is one of the biggest threats facing humanity." Thousands of CEOs across the world say evolving to more environmentally-conscious business models is essential for the longevity of their companies, the 26th annual PwC Global CEO Survey found. CEOs with the "courage" and "consistent willingness to do the work" could reap similar benefits, Gellert said. DON'T MISS: Want to be smarter and more successful with your money, work & life?

Persons: Ryan Gellert, Gellert, Yvon Chouinard, aren't, Axios Harris Organizations: PwC Global, Survey, Harvard, McKinsey & Co, Costco, Apple, CNBC Locations: Patagonia, America

☆ Ray Dalio says AI will greatly disrupt in our lives within a year—you should be both excited and scared of it
▼ + stars: | 2023-09-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Billionaire investor Ray Dalio is sure that artificial intelligence will soon be a "great disruptor" in all of our lives — for both better and worse. "All these changes are going to happen in the next five years," Dalio, the founder of hedge fund giant Bridgewater Associates, added. I mean that you're going to see [changes] next year ... the next year, [even bigger] changes. That could open up a lane of opportunity for workers, who can learn and use AI skills to make some extra cash. Whether you're excited, curious or flat-out scared, "now would be the time to increase your knowledge," she added.

Persons: Ray Dalio, Dalio, ChatGPT, they're, Susan Gonzales, Gonzales Organizations: Bridgewater Associates, Alliance, Television Producers, CNBC

☆ 3 steps to an after-work evening routine that sets you up for daily success, says decision-making expert
▼ + stars: | 2023-09-18 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

If you want to be more productive at work, you may need to switch up your after-work routine. That's according to James Clear, a decision-making expert and author of the New York Times bestselling book "Atomic Habits." In a workplace context, this can look like taking personal calls away from your desk, limiting distractions or turning off your work phone at the end of the day. Limit your screen time so you don't end up 'scrolling mindlessly'If you spend too much time on your phone, you're not alone. "For example, maybe you download Instagram when you're at home, but then you find yourself scrolling mindlessly when you're at work."

Persons: James Clear, Clear, Larry Rosen, We've, Rosen Organizations: Cross, New York Times, Pew Research, CNBC Locations: Philadelphia , Pennsylvania, U.S

☆ Elon Musk's 'enraging qualities' are key to his success, says biographer
▼ + stars: | 2023-09-13 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Some of CEO and entrepreneur Elon Musk's most polarizing attributes may have also enabled his success so far, says biographer Walter Isaacson. That reckless streak can't be separated out from Musk's track record of innovation at companies like Tesla and SpaceX, Isaacson told CNBC's "Squawk Box" on Tuesday. "I didn't believe in vacations. I didn't believe in weekends. I didn't believe the people I worked with should either," Gates said, adding that he didn't realize he needed to change until he became a dad.

Persons: Elon Musk's, Walter Isaacson, Musk, Isaacson, CNBC's, Elon Musk, Mark Zuckerberg, Mark Cuban, Cuban, Let's, Bill Gates, Gates, Satya Nadella, Nadella, He's, Kimbal Organizations: SpaceX, Microsoft, Northern, Harvard Business, CNBC Locations: Northern Arizona

☆ I spent $2,580 to see Beyoncé, and it completely changed my outlook on life—a clinical psychologist explains why
▼ + stars: | 2023-09-13 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Never had a concert inspired me so much that I wanted to change my entire approach to life. Earlier this month, I spent a combined $2,580 on tickets, travel and hotel to see her perform in Las Vegas on my 24th birthday. I sang "Halo" in front of my 3rd grade classmates, and learned Beyoncé's entire Coachella set in my college dorm room. But seeing her perform at the Allegiant Stadium alongside her daughter, Blue Ivy Carter, shifted my entire outlook on life, work and happiness. "Beyoncé's show left me feeling so inspired and motivated to do more with my passions," one person wrote.

Persons: Beyoncé, Blue Ivy Carter Organizations: Sears Locations: Las Vegas

☆ 19-year-old Coco Gauff avoided social media to win U.S. Open: I'm not 'listening to people who believe that I can or can't'
▼ + stars: | 2023-09-11 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

It was Gauff's second time in a Grand Slam final, after losing last year's French Open championship to Poland's Iga Świątek. Gauff recalled feeling surprised and "relieved" to make it to last year's French Open final. "That French Open loss was a heartbreak for me, but I realized, you know, God puts you through tribulations and trials. Taking a social media break can be hard, especially for Gen Zers: 54% of them spend at least four hours per day on social media, and 38% spend even more time than that, a 2022 Morning Consult survey found. Social media dependencies can result in mental health-related challenges like anxiety, depression, low self-esteem and increased isolation and loneliness.

Persons: Coco Gauff, Serena Williams, Gauff, I've, Iga, Unplugging, Zers, Raquel Martin, Martin, Warren Buffett Organizations: U.S ., Pew Research Center, CNBC Locations: American

☆ CEO of $9.7 billion beauty empire shares her No. 1 piece of career advice: 'Take your time, it's not your enemy'
▼ + stars: | 2023-09-08 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Nabi, who worked her way up from sales representative to president at L'Oréal, has a career that's spanned more than 30 years. Time, it turns out, can play a large role in your happiness and fulfilment — both in your career and beyond. "[Free time] doesn't improve quality of life unless one knows how to use it effectively," Wallman told CNBC Make It in 2019. DON'T MISS: Want to be smarter and more successful with your money, work & life? 1 best piece of advice for regular investors, do's and don'ts, and three key investing principles into a clear and simple guidebook.

Persons: Sue Nabi didn't, Coty, Kylie Cosmetics, Nabi, LinkedIn's, James Wallman, Wallman, Warren Buffett Organizations: Coty, Tiffany, CNBC Locations: Nabi, L'Oréal, —

☆ Ivy League linguistics expert shares the No. 1 common phrase to never use: It really means 'Your problems don't matter to me'
▼ + stars: | 2023-09-07 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

If you're speaking with John McWhorter, never use this common phrase: "It is what it is." "The first time someone said that to me was when something unpleasant had happened to me, and he didn't care. "And I parsed it and I thought, 'What a gorgeously chilly way of saying: Your problems don't matter to me.'" But it can come across as so passive that using it can erode other people's trust in you, as McWhorter noted. It's not entirely bad news for McWhorter's least-favorite phrase: Using it can be a sign of emotional resilience, because it shows your ability to accept your circumstances, psychologist Cortney Warren told Make It last month.

Persons: John McWhorter, Bill Gates, McWhorter, You've, they're, Yasmene Mumby, Cortney Warren, Warren, it's, Kathy, Ross Petras, Warren Buffett Organizations: Columbia University, Genome, Associated Press, NORC, for Public Affairs Research, Trust, CNBC

☆ These 10 brands have the highest customer loyalty—Apple isn’t in the top 3
▼ + stars: | 2023-09-06 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

The company's "Customer Loyalty Index" evaluated Fortune 100 companies across a series of six metrics, excluding 40 companies that lacked sufficient data or didn't interact directly with customers. 3 company, semiconductor giant Intel, featured "some of the lowest volumes of customer service and complaint-related searches," said the report. 4, has long been known for having a cult-like fanbase, but "surprisingly" suffered in the customer service department, the report said. That means people searched online more for Apple-related support questions than most other Fortune 100 companies, DesignRush added. Coca-Cola "has some of the most satisfied customers, with some of the fewest customer service and complaint-related searches," said the report.

Persons: Johnson, DesignRush, Warren Buffett Organizations: Google, Lowe's Intel Corporation Apple, Cola Company PepsiCo, Allstate Corporation Microsoft Johnson, Home Depot, Intel, Apple, Microsoft, Cola, PepsiCo Locations: DesignRush

☆ This pitmaster is keeping his family’s 89-year-old BBQ restaurant alive—it brought in $1.5 million last year
▼ + stars: | 2023-08-31 | by ( Ashton Jackson | ) www.cnbc.com time to read: +5 min

McCray's Backyard BBQ and Seafood is serving up ribs with a side of rich history — and now CEO and pitmaster Derrick McCray wants to take the mom-and-pop restaurant nationwide. "Uncle Jay brought my father up in the barbecue business and made him a barbecue extraordinaire," he tells CNBC Make It. And he was pretty much the only black restaurant business in his area during that time." Declared the "war on drugs" by President Nixon in 1971, the epidemic hurt the health and profitability of McCray's Backyard BBQ and Seafood. It was a major wake-up call for McCray, and ultimately led him back home to take over the BBQ business.

Persons: pitmaster Derrick McCray, McCray, Jay Harvey, Uncle Jay, Jesse Jackson, James Brown, Isaac Hayes, Nixon, FAMU, everything's, Uncle Harvey Organizations: CNBC, Klan, Florida, Mechanical University, Dixie, United States Football League, Super Bowl Locations: Palm Beach , Florida, South Florida, Winn, Dallas , Texas

☆ The No. 1 trait you need to be more successful than most, says workplace expert: It's 'the single most important differentiator'
▼ + stars: | 2023-08-28 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

"Confidence is serious business, and the single most important differentiator in the workplace," Low-Kramen wrote in her book, which published in February. Stop apologizing unnecessarilyFor many people, saying "I'm sorry" after certain situations, even those that don't require an apology, is second nature. This is especially true for women, Low-Kramen wrote. Rather than saying 'I'm sorry, we need to reschedule the appointment,' say 'Thank you for working with my schedule.'" Instead, "slow it down, lower the pitch of your voice and turn up the volume" to be taken more seriously, Low-Kramen wrote.

Persons: Bonnie Low, today's, Tim Cook, Warren Buffett, Kramen, Simon Sinek, Adam Grant's, Sinek Organizations: Staff, Medical Education

☆ Mark Zuckerberg’s new return-to-office mandate is a clear problem, says Harvard expert: It’ll cause a ‘huge amount of distrust’
▼ + stars: | 2023-08-25 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

The latest twist in Meta's return-to-office saga doesn't reflect well on CEO Mark Zuckerberg, says a Harvard University expert. Meta established a widely encompassing remote-work policy in 2021, before announcing its intention to move toward a hybrid schedule in June. Employees can still apply for full-time remote status, the memo noted. "Leaders must make sure that they're practicing transparency, and that their actions match their words," Gardner says. "Establishing trustworthiness is an essential part of being a leader, and it takes empathy to create that trust."

Persons: Mark Zuckerberg, it's, Heidi K, Gardner, Meta Organizations: Harvard University, Meta, Employees, Harvard Law School, CNBC

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