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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI bring in $129K a year making 'Gucci' pasta in my kitchenAfter her oldest daughter went to college, Fiona Afshar found creative fulfillment in cooking, especially in making homemade pasta. Five years later, at the age of 57, Afshar now has more than 475,000 followers on Instagram who watch her videos of making pasta in a rainbow of vivid colors, shapes and patterns. In 2022, through branding deals with fashion companies like Gucci, virtual cooking classes, and online sales of her homemade pasta, Afshar brought in about $129,000.

Persons: Fiona Afshar, Afshar, Instagram Organizations: Gucci

In 2018, she started her Instagram @cookingwithfiona, specifically to post instructional cooking videos she'd filmed for her daughter. Fiona Afshar makes $129,000 per year, primarily from selling colorful pasta boxes out of her home kitchen in Malibu, California. Shortly after she started her Instagram account, she started making pasta from chef Thomas Keller's tutorials — and her followers ate it up. A homegrown businessIn 2020, Afshar started hosting virtual pasta-making classes for $35 per person. "Fiona's Pasta, Cooking with Fiona, it's more of a passion," Afshar says.

Persons: Fiona Afshar, Afshar, there's, Tristan Pelletier Five, Tristan Pelletier, Ali, Thomas Keller's, Afshar's, Ssense, They'd, Fiona, it's Organizations: CNBC, Gucci Locations: Iran, Malibu , California, California, Afshar

☆ CEO built her $96 million company with a simple 2-word lesson: It's 'the most powerful thing you can do'
▼ + stars: | 2023-08-16 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Having a good idea wasn't enough to win those colleagues over, she said — she needed to be likable. The lesson proved valuable when Hyman came up with the idea for Rent the Runway six years later in 2008, she said. The pair cold-emailed Diane von Furstenberg, and by luck, landed a meeting. As Hyman recounted, von Furstenberg worried that allowing her clothes to be rented for cheap would "cannibalize" her consumer base. In other words, they could help von Furstenberg grow her consumer base.

Persons: Jennifer Hyman, —, Hyman, wasn't, didn't, Jennifer Fleiss, Diane von Furstenberg, Von Furstenberg, Hyman wasn't fazed, von Furstenberg, Warren Buffett Organizations: Stanford Graduate School of, Starwood Hotels, Resorts, Harvard University, Social Psychology

☆ These 2 friends started a sneaker side hustle at age 13—now their company brings in more than $354,000 a month
▼ + stars: | 2023-08-14 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

To Steven Schwartz, the side hustle was a necessity: He wanted rare Nike Kobe 7 Easter shoes, and his parents wouldn't pay for them. Now in their mid-20s, Schwartz and Zoub still work together, along with a third partner named Jack Sharkey. They're the co-founders of Whop, a tech marketplace that's like "Etsy for software products," Schwartz says. (Whop reviewed the estimate, but declined to offer specifics.) But Whop wasn't an overnight success.

Persons: Steven Schwartz, Cameron Zoub, Schwartz, Zoub, Jack Sharkey, They're, Whop, Peter Thiel, James Harden Organizations: Nike Kobe, Whop, CNBC

☆ Mark Cuban nearly went broke at age 27—and became a millionaire 5 years later
▼ + stars: | 2023-08-10 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Mark Cuban vividly remembers the moment he realized he was nearly broke. The secretary took about $82,000, effectively wiping out MicroSolutions' account balance, Cuban confirmed to CNBC Make It. Cuban then helped co-found AudioNet, which became Broadcast.com and was acquired by Yahoo for $5.7 billion in 1999, making Cuban a billionaire at age 40. "Once you learn how to sell, you can always start a business, [because] you're an entrepreneur at heart," Cuban told The School of Hard Knocks last year. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.

Persons: Mark Cuban, TikToker Bobbi Althoff's, Cuban, Barstool, wasn't, Forbes, multimillionaire, NPR's, Rainer Zitelmann, Warren Buffett Organizations: CNBC, New York Times, Cisco, CompuServe, Yahoo, Cuban, Fortune, Hard Locations: Cuban

The closely watched court fight reflects how social media has become an informational battleground for major social issues. It has revealed the messy challenges for social media companies as they try to manage the massive amounts of information on their platforms. “For example, if there were a natural disaster, and there were untrue statements circulating on social media that were damaging to the public interest, the government would be powerless under the injunction to discourage social media companies from further disseminating those incorrect statements,” said Daniel Tenny, a Justice Department lawyer. Were social media platforms pressured? Earlier this week, he and other Republican lawmakers filed their own brief to the appeals court, accusing the Biden administration of a campaign to stifle speech.

Persons: Biden, ”, Daniel Tenny, “, John Sauer, ’, Terry Doughty, Christopher Wray, Trump, Jim Jordan, ” Jordan Organizations: DC CNN, of Homeland Security, Health, Human Services, Appeals, Fifth Circuit, Justice Department, “, Senate Intelligence, Ohio Republican, Biden Administration, Big Tech Locations: Washington, New Orleans, United States, Missouri, Louisiana

One listing quickly became two, then a full-fledged property management business, called Be Still Getaways, in 2020. This year, Be Still Getaways is on track to bring in $3 million, according to documents reviewed by CNBC Make It. For the first two and half years of Be Still Getaways, Inlow had to work all three jobs. "I was still working full-time [outside of] Be Still Getaways, and that is how we scale." Here's how Inlow scaled her company, and how she plans to build in more work-life balance as the business grows.

Persons: Jamie Stark Inlow, Inlow, Jamie Inlow's, Mark Petruniak, we'll, Jamie Inlow, Getaways, Sydney Robertson, It's Organizations: University of Virginia, CNBC, Airbnb, Carriage, Carriage House, Cape Charles Locations: Scottsville , Virginia, Virginia, Virginia's

☆ Terry Crews: 'I would have made more money at McDonald's' than I did in the NFL
▼ + stars: | 2023-08-02 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

After being drafted by the Los Angeles Rams in 1991, Crews spent five years bouncing between six professional teams, including one in Germany. "I would have made more money at McDonald's," Crews, 55, said. It's unclear how much money Crews made in total during his NFL career, which included 32 games for the Rams, San Diego Chargers and Washington Redskins. The Chargers now play in Los Angeles, and Washington D.C.'s team is now called the Commanders. When his ex-teammate stopped lending him money, Crews took a job sweeping factory floors for $8 per hour, he said.

Persons: Terry Crews, Crews, Dax Shepard's, I'd, — Organizations: National Football League, Los Angeles Rams, Green Bay Packers, NFL, Rams, San Diego Chargers, Washington Redskins, The Chargers, Washington D.C, National Bureau of Economic Research, CNBC Locations: Germany, Wisconsin, McDonald's, Los Angeles, Washington, skylines

☆ Etsy seller whose side hustle brings in $169,000 a year: My No. 1 tip for making money during inflation
▼ + stars: | 2023-07-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Tim Riegel brought in $169,000 selling 275-pound fire pits in the last 12 months. Six months ago, Tim Riegel bent over his computer, reviewed his monthly earnings statement and saw that his highly lucrative side hustle was making less money. Within six months, freight trucks were delivering his products to Etsy buyers across the U.S. and Canada. I'm constantly looking at my competitors — not just on Etsy, but throughout the U.S. — to see who's making similar types of pits, and their pricing. I'm sure people can replicate it, if they have similar skills — like welding, creativity and the know-how to source the steel.

Persons: Tim Riegel, they've, —, Riegel, Mozark, he'd, I'm, I've Organizations: CNBC Locations: Lamar , Missouri, Kansas City, Canada, U.S

☆ Rent the Runway CEO started her company as a Harvard graduate student—now it's worth $120 million
▼ + stars: | 2023-07-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Rent the Runway co-founder and CEO Jennifer Hyman came up with the idea for her clothing rental company, fittingly, in a closet. Hyman recounted a story from Rent the Runway's early days, when she and Fleiss cold-called designer Diane von Furstenberg. They landed a meeting, but von Furstenberg scoffed at their idea, Hyman said. It was an effective argument, and von Furstenberg was struck by the co-founders' openness and ability to engage in dialogue, said Hyman. Von Furstenberg eventually partnered with the brand and introduced the co-founders to other fashion labels and publicists, Hyman added.

Persons: Jennifer Hyman, Hyman —, —, Bergdorf Goodman, Hyman, She'd, Jennifer Fleiss, It's, Hyman hadn't, Diane von Furstenberg, von Furstenberg scoffed, von Furstenberg, Von Furstenberg Organizations: Harvard University, Stanford Graduate School of, Stanford, Hyman's, Forbes

☆ A.I. is making some common side hustles more lucrative—these can pay up to $100 per hour
▼ + stars: | 2023-07-29 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

"Automation, I think, is the key to reducing your workload," Sean Audet, a food photographer who uses generative AI tools like ChatGPT to write emails and business plans, told CNBC Make It earlier this month. Some gigs that can benefit from current AI platforms are highly lucrative, too — paying up to $100 per hour. Notably, few — if any — of today's AI tools are "set it and forget it" style programs. Here are three common side hustles where you can already save time — and make money — by using AI. Using ChatGPT as a refined, filtered version of Google cuts her "research time in half," she says.

Persons: Sean Audet, Berkeley, ChatGPT, —, Audet, Nicole Cueto, Cueto Organizations: CNBC, Stanford University, University of California, Google Locations: New York, Fora

☆ Etiquette expert: The No. 1 place people still tip 20%—even though they don't have to
▼ + stars: | 2023-07-26 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

"Tipflation" could be blamed on tablets or the post-pandemic economy — but consumers seem to be giving in to the pressure and leaving more cash behind. Sure, most Americans report feeling negative about tipping, but service workers are earning exponentially more in gratuity than before the pandemic, according to payroll provider Gusto. From March 2020 to May 2023, hourly wages only rose 18%, compared with a 42% increase in tip earnings, the company found. Of the 300,000 small and medium-sized businesses included in the analysis, bar workers made more in tips than employees in other service industries. Kabir agreed, saying he tips upwards of 40% for particularly good bar service.

Persons: Saad Kabir, Haley Truchan, Kabir, Yonas Haile Organizations: New York City Public Schools, CNBC, Bar, Fidelity Investments Locations: Manhattan

☆ 29-year-old paralegal makes $3,750 per month from her dog-sitting side hustle: It’s ‘like a second salary’
▼ + stars: | 2023-07-19 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Two summers ago, recent law school graduate Alison Chan was told she needed to quit her full-time job if she wanted to pass the bar exam. This year, she's on track to earn an average of $3,750 per month. The side hustle also let Chan keep her full-time job and create another stream of income while studying for the bar. "When I did my taxes last year, I realized [my side hustle] was like a second salary," Chan, 29, tells CNBC Make It. Here's how she built a reputation and clientele on Rover, and how she juggles the side hustle with a full-time job.

Persons: Alison Chan, Addy, papillon, Chan, didn't Organizations: Rover, CNBC Locations: Chicago, papillon chihuahua

☆ One of the world’s richest self-made men started as a motel janitor—now he has a net worth of $1.2 billion
▼ + stars: | 2023-07-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

He now has a net worth of $1.2 billion, which comes from owning nearly a third of Yanolja with his wife and two daughters, according to Forbes . Yanolja founder and chairman Lee Su-jin started his lucrative career in the travel industry as a motel janitor. He saved his money, invested in stocks and even started a salad business, according to Bloomberg. So he decided to rebrand love hotels. "If all the motels relied on love, they'd starve to death," Lee told Bloomberg.

Persons: Lee, Lee Su, Yanolja, Kim Jong, yoon, Kim, SoftBank Organizations: Forbes, Bloomberg, CNBC, SoftBank Vision, Reuters Locations: Korea, Yanolja

Weeks later, Mr. Trump is the former President Trump. Instead, in a brief televised address shortly before 2:30 a.m., Mr. Trump furiously laid down his postelection lie. For weeks, Mr. Trump had been peppering him with tips of fraud that, upon investigation by federal authorities, proved baseless. The cavalry “is coming, Mr. President,” Kylie Kremer tweeted to Mr. Trump on Dec. 19. On Jan. 15, Mr. Trump acquiesced to an Oval Office meeting with Mr. Lindell, who arrived with two sets of documents.

Persons: Donald J, Trump, Joseph R, Biden, Justin Clark, Rudolph W, Giuliani, Clark, Weeks, Mitch McConnell, McConnell, Jared Kushner, McConnell’s, Biden’s, William P, Barr, Mr, Trump’s, Sidney Powell, Lin Wood, sleuths, MyPillow, Mike Lindell, Patrick Byrne, Stephen K, Bannon, Michael T, Flynn, platformed, Jared Taylor, Enrique Tarrio, Doug Mills, Eric, “ We’re, ”, Fox, Eric Trump, Newt Gingrich, Joe Biden’s, Kevin McCarthy, Laura Ingraham, Obama, Dennis Montgomery, Thomas McInerney, McInerney, John McCain, Bannon’s, “ it’s, Paul Gosar, Doug Ducey, Roy Blunt of, Roy Blunt, Anna Moneymaker, —, “, ” Mr, Mark Meadows, Josh Holmes, Kushner, — Mr, Mitt Romney, Lisa Murkowski, Lindsey Graham, Sean Hannity, Lindsey Graham of, Sean Hannity’s, — I’ve, Let’s, Graham, Pat A, Axios, Brendan Smialowski, “ Hannity, Thomas, Jenna Ellis, Matt Morgan, Al Gore, George W, Bush, Brooks, Stefan Passantino, Powell, Lynsey Weatherspoon, Gore, William H, Rehnquist, Giuliani —, Kris Kobach, Mark Martin, Lawrence Joseph, Kobach, Uncle Sam, Mr . Biden, Ken Paxton, Jeffrey M, Landry, Paxton, Kyle D, Hawkins, Jacquelyn Martin, Joseph, Richard L, Chris Carr, Carr, Mike Johnson of, Mike Johnson, McCarthy, Privately, Ted Cruz of, John Sauer, ’, ” James E, Nicolai, North, Wayne Stenehjem, Stenehjem, Wayne, Tasos Katopodis, MAGA, Marjorie Taylor Greene, Marsha Blackburn of, Ms, Blackburn, Amy Kremer, Ann Stone, Roger Stone, Amy Coney Barrett, Kremer’s, Kylie Jane Kremer, Jennifer Lawrence, Dustin Stockton, Lawrence, Stockton, I’ve, Lindell, they’d, Taylor, Greg Locke, Covid, Michael McKinney, Tucker Carlson, Carlson’s, “ Donald Trump, ” Ms, Meadows, Georgia runoffs, Byrne, Cipollone, he’d, Martin, Mike Pence, reconvene, ” Kylie Kremer, James Yeager, Kylie Kremer, Yeager’s, Lawrence whooped, John Kennedy, James Lyle, Josh Hawley, “ You’ve, Lyle, Couy Griffin, Kennedy, Pete Marovich, Kremer, Julie Jenkins Fancelli, Alex Jones, Caroline Wren, Kimberly Guilfoyle, Donald Trump Jr, Katrina Pierson, Brad Raffensperger, Jeffrey A, Rosen, Department’s, Jeffrey Clark, Scott Perry, Hawley, Cruz, Year’s, Tom Cotton of, Cotton, Cindy Chafian, Chafian, Jones, Stone, Locke, Jan, “ You’ll, Gosar, Griffin, Robert O’Brien, I’m, ’ ”, Kenny Holston, Donald Trump, ” Mark Walker, Ben Margot, Stefani Reynolds, Samuel Corum, Erin Schaff, David J, Ted Cruz, John Bazemore Organizations: Twitter, Dominion Systems, Trump, Biden, Dominion, New, New York City, The New York Times, Senate, New York, Republican Party, Capitol, White, Times, The Times, America News Network, Fox, America, Boys, New York Times, American, Air Force, Electoral College, Republicans, Joe Biden’s Democratic Party, Republican, Facebook, Democrats, Associated Press, “ Fox & Friends, White House, West Wing, “, Federal Bureau of Investigation, Veritas, Justice Department, Postal Service, York Daily, Agence France, Zignal Labs, Amistad, Thomas More Society, Mr, Electoral, Supreme, Lawyers, General Association, Associated, State, University of California, Republican House, Women, Tea Party, Trump -, Breitbart, of, Credit, SPAN, Tea Party Express, Republican National Committee, Internet, Army, Des Moines Register, Marine, General Services Administration, Swedish, Cowboys, Capitol ., Street Journal, Save, General Association ., Law Defense Fund, Freedom, Coalition, Proud Boys, Willard, Homeland Security, Party, Getty, Georgia Electoral College Locations: Detroit, Arizona, Georgia, New York, America, China, Trump, Grand Rapids, Mich, Philadelphia, Atlanta, Milwaukee, Santa Cruz ,, Arizona —, Russia, North Vietnam, United States, Roy Blunt of Missouri, Kentucky, Utah, Alaska, Lindsey Graham of South Carolina, Erie, Pa, Pennsylvania, Long, Bush, Florida, tightest, Kansas, North Carolina, Ken Paxton of Texas, Texas, State of Texas, Michigan, Wisconsin, Irvine, Mike Johnson of Louisiana, Ted Cruz of Texas, Missouri, Washington, Marsha Blackburn of Tennessee, Trump’s, Hudson, Stockton, Tennessee, Des Moines, Meadows, White, fistfights, Nashville, West Monroe, La, Louisiana, drumbeating, Tom Cotton of Arkansas, Delaware

☆ 30-year-old spent $0 launching a food photography side hustle—now he brings in $134,000 a year
▼ + stars: | 2023-07-15 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Sean Audet stumbled into photography as a career by accident, and nearly for free. Audet quickly realized he had a knack for the work and started taking on his own clients for a food photography side hustle two years later. "Every once in a while, I'll stumble upon something that gets me super excited," Audet, 30, tells CNBC Make It. "With no prompting, I'll just start working an extra 12 to 14 hours a day on something that interests me. Here's how Audet scaled his side hustle into a full-time job, and how he plans to use his interest in A.I.

Persons: Sean Audet, Audet Organizations: Red River College, CNBC Locations: Winnipeg , Canada

☆ Millennial couple's 6 incomes streams bring in $420,000 a year: 'You only get as far as your efforts'
▼ + stars: | 2023-07-13 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

Two decades later, Nuñez and his wife Stefani Nicole Penaranda now have two children and six streams of income in Lucketts, Virginia. They own a snowplow business and seven real estate properties. Penaranda runs a day care and is a real estate agent, while Nuñez works in IT consulting and as a cybersecurity contractor. After high school, Nuñez began taking nursing classes at Northern Virginia Community College. "My idea to get to my goals faster was to have different streams of income and revenue," Nuñez says.

Persons: Eddie Nuñez, Nuñez, Stefani Nicole Penaranda, he's, Penaranda, didn't, Samantha Schutz Organizations: CNBC, Northern Virginia Community College, U.S . Border Patrol, University of Maryland Locations: Peru, Ashburn , Virginia, Lucketts , Virginia, Peruvian, U.S, Bolivian, Canada, Tacoma , Washington, Virginia, cybersecurity

☆ Bringing in $420K a year as a recent U.S. citizen
▼ + stars: | 2023-07-13 | by ( Zachary Green | Megan Sauer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBringing in $420K a year as a recent U.S. citizenEddie Nuñez left Lima, Peru at 14 years old for the United States. He made it to Virginia, but 7 years later he was arrested by border patrol and placed in detention. Eddie eventually represented himself before an immigration judge and won asylum. Today, he's a U.S. citizen with a wife and two children. He and his wife earn $420,000 a year from Eddie's work as an IT specialist, their snowplow business, seven rental properties, and his wife's at-home daycare business.

Persons: Eddie Nuñez, Eddie Locations: Lima, Peru, United States, Virginia, he's

☆ Bill Gates says Warren Buffett taught him to value free time: Filling ‘every minute of your schedule’ doesn’t make you more serious
▼ + stars: | 2023-07-09 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

As CEO of Microsoft, Bill Gates had a packed schedule — even sending 2:00 a.m. requests to employees. It wasn't until he saw Berkshire Hathaway CEO Warren Buffett's personal daybook that Gates learned to cut himself and his workers some slack. "When I was your age, I didn't believe in vacations. I didn't believe in weekends. Get CNBC's free Warren Buffett Guide to Investing, which distills the billionaire's No.

Persons: Bill Gates, Warren Buffett's, Gates, Charlie Rose, Buffett, Warren, It's, Elon Musk —, —, CNBC's David Faber, " I've, Musk, Warren Buffett Organizations: Microsoft, Berkshire Hathaway, Workers, Stanford University, Northern Arizona University

☆ Kim Kardashian’s $3.2 billion Skims brand started in her bathtub: I’d dye my own shapewear ‘with tea bags and coffee’
▼ + stars: | 2023-07-01 | by ( Megan Sauer | ) www.cnbc.com time to read: 1 min

Kim Kardashian has spent her career on camera and red carpets, but the origins of her shapewear company Skims are far less glamorous. For years, the reality star hunted for undergarments to match her skin tone, but most brands only sold products in one or two shades. She'd spend the moments before high-profile events scrambling, trying to dye her own clothing darker with home remedies. "I used to take my shapewear and dye it with tea bags and coffee in the bathtub," Kardashian, 42, told Time magazine in a recent interview. The company built a brand around inclusivity: It sells bras, underwear, dresses and more in 10 skin tones and a broad variety of sizes.

Persons: Kim Kardashian, Kardashian, Jens, Emma Grede

☆ 47-year-old mom's 'totally passive' side hustle makes $2,700 a month: When I don't work, ‘the money still keeps coming in'
▼ + stars: | 2023-06-29 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Last November, Andreea Matei made money from her Amazon side hustle for the first time. They've earned her $21,700 in eight months, an average of $2,700 per month, according to documents reviewed by CNBC Make It. "I have not had any time to make videos this week, and the money still keeps coming in." Matei discovered the program while watching a YouTube video called "the world's easiest side hustle." Matei says the side hustle keeps her from getting burned out at her day job, and the extra cash is obviously nice.

Persons: Andreea Matei, Matei, she's, They've, she'd, Warren Buffett Organizations: Amazon, CNBC, Facebook, YouTube Locations: Fort Collins , Colorado

☆ 32-year-old turned Airbnb rental into a $205,000-a-year side hustle—here's a 'large part' of what made it successful
▼ + stars: | 2023-06-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +6 min

Jamie Inlow started out with an idea, no business or real estate experience, and a $2,000 gift from her neighbor. By 2021, Inlow and one full-time staffer managed 30 listings, bringing in $205,000 in revenue. Much of that money went toward maintenance, repairs and adding properties to Be Still Getaways' portfolio. It brought in $2.28 million in revenue last year on Airbnb and rental platform Eviivo, according to documents reviewed by CNBC Make It. There's a huge need for short-term rental property managers, so if you want to do it, do it.

Persons: they've, Jamie Inlow, Inlow, Getaways, —, she'd, it's, I'm, What's, Warren Buffett Organizations: CNBC, University of Virginia, Revenue Locations: Scottsville , Virginia, Airbnb, Virginia

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe bought a campground in 2016 for $1.6 million—today it's worth $6 millionMark Lemoine, 53, took a leap of faith in 2016 when he resigned from his state government job to pursue his lifelong dream of owning a campground. He and his wife, Karla, also 53, acquired the Coloma/St. Joseph KOA Campground in southwest Michigan for $1.6 million. After numerous renovations, new additions and dedicated care, their campground's value has skyrocketed to $6 million.

Persons: Mark Lemoine, Karla, Joseph KOA Locations: Coloma, St, Michigan

In 2016, Mark Lemoine came home from work and told his wife Karla Lemoine he wanted to quit his job and buy a campground. The Lemoines put their house on the market, withdrew all their savings and "sold everything we owned to buy the campground" for $1.6 million, Mark says. Mark and Karla Lemoine sold their house, car and more to buy a campground in Benton Harbor, Michigan. It brought in $1.2 million in revenue last year, enough for the Lemoines to pay themselves a combined $150,000 in salary. The Lemoines had to get creative to pay for their dream $1.6 million campground.

Persons: Mark Lemoine, Karla Lemoine, Mark, Karla, they'd, Devin Lieberman, they've, Joseph KOA, Roth IRAs Organizations: CNBC, America Locations: Michigan, Benton Harbor , Michigan, Grand Rapids, Chicago, Coloma, St, Rockford , Michigan

☆ 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

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