CNBC Make It

CNBC Make It

Broadcast Media Production and Distribution

Get smarter about how you earn, save, and spend your money with the latest from CNBC Make It.

About us

Helping you be smarter and successful with your money, work & life.

Website
https://www.cnbc.com/make-it/
Industry
Broadcast Media Production and Distribution
Company size
11-50 employees
Headquarters
New York
Type
Public Company
Founded
2016

Locations

Employees at CNBC Make It

Updates

  • Financial experts generally recommend putting no more than 30% of your income toward housing. But for many Americans, that’s next to impossible — especially if they want to be homeowners. Nationwide, Americans earning the median income need to spend 41.8% of their salary on housing to afford to own a median-priced home, according to a recent Redfin study. In certain metros, that burden is even higher. Here are 5 cities where homebuyers earning the local median income must put at least 67% of their income toward housing to afford a median-priced home. ⬇️

    Typical homebuyers in Los Angeles, San Francisco and San Diego spend up to 78% of income on housing

    Typical homebuyers in Los Angeles, San Francisco and San Diego spend up to 78% of income on housing

    cnbc.com

  • For two years, Ryan Hogue’s side hustles made enough money for him to quit his full-time jobs. Hogue was a senior web developer at a nonprofit called CharityEngine and an adjunct web developer professor at George Mason University in northern Virginia. He made more than $117,000 per year from those jobs — but started developing passive income businesses on the side. In 2018, those businesses out-earned his full-time income: He made nearly $135,600. The same thing happened the following year. Still, it took him until 2020 to leave his web development role, and 2021 to leave his adjunct teaching role. Now, Hogue makes $11,400 per week in mostly passive income. Here's his advice on when to leave your full-time job in favor of a side hustle — and when it’s smarter to stay.

    35-year-old making $11,400 a week in passive income: The 3 questions I asked myself before quitting my day job

    35-year-old making $11,400 a week in passive income: The 3 questions I asked myself before quitting my day job

    cnbc.com

  • No parent wants to see their child become bored and uninterested at school. Most don’t even realize when their kids are losing interest in learning, says author and parenting researcher Jenny Anderson. Fortunately, parents can actively encourage their kids to be more curious and seek out opportunities to learn — and they can do it without resorting to nagging, according to Anderson. No matter how old your children are, you can encourage their curiosity and help them develop a lifelong love of learning, Anderson says. Here are her six recommendations.

    Parents who do these 6 things raise curious kids who love to learn, says researcher: 'Everyone can be developed'

    Parents who do these 6 things raise curious kids who love to learn, says researcher: 'Everyone can be developed'

    cnbc.com

  • Accomplishing a longtime career goal might seem like the solution to feeling completely satisfied at work. But chances are, you could still feel empty, bored, or unfulfilled even after achieving this milestone. That’s normal, says Joseph Fuller, a Harvard Business School professor: “Our careers rarely align with every expectation we have for them." The same logic applies to any professional goal you pursue: If you have unrealistic expectations that a raise or switching jobs will solve all of your problems or be exactly as you’d imagined it, you could be setting yourself up for failure, Fuller cautions.

    Harvard expert: People who make this common mistake are the 'unhappiest in their careers'

    Harvard expert: People who make this common mistake are the 'unhappiest in their careers'

    cnbc.com

  • When Jake Kassan sold his company for $100 million at the age of 27, he thought the money would make him happy. Though it did temporarily, it eventually took away his sense of purpose and threw him into cycles of anxiety and depression, he said. In 2018, Kassan sold his Los Angeles-based accessory brand MVMT Watches — pronounced “movement” — to the Movado Group in a deal that left him walking away a multi-millionaire. The company, which he had started as a 21-year-old college dropout, granted him the financial freedom he sought. Here’s why that freedom left him without a sense of purpose — and how he’s now redefining what happiness means for himself. cnb.cx/42N7Ns6

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  • Kelly Gordon is a superyacht captain for “ultra-high net worth” boat owners. She typically works with one client at a time, and is currently based in Palm Beach, Florida, stationed aboard a 108-foot yacht, she says. In 2019, Gordon started cataloguing her adventures on Instagram. Her videos resonated with viewers outside the yachting world, and content creation is now her side hustle, she says: She spends, on average, five hours per week on it, whenever she’s off-duty. Her side hustle brought in $124,000 in revenue in 2023, according to documents reviewed by CNBC Make It. Here's how Gordon built her side hustle, and how she plans to grow it.

    Superyacht captain’s side hustle brings in $10,300 a month, takes 5 hours a week: This could 'be my retirement job'

    Superyacht captain’s side hustle brings in $10,300 a month, takes 5 hours a week: This could 'be my retirement job'

    cnbc.com

  • Framery has roughly 400 employees around the world, but its roots in Finland run deep throughout its work culture that promotes worker engagement and satisfaction. Finland, after all, is the happiest country in the world for the seventh year running, according to the latest World Happiness Report. So it’s not surprising that open communication, teamwork and, perhaps most of all, employee well-being, are all high priorities at Framery, a manufacturing company headquartered in Tampere, Finland. As head of people and culture at the company, Anni Hallila works to make sure that employees feel happy and fulfilled while on the job. She says she and her team use a few common Finnish phrases to create an environment where employees can thrive in the workplace. ⬇️

    I'm an executive in Finland, the happiest country in the world: 5 phrases we use at work every day

    I'm an executive in Finland, the happiest country in the world: 5 phrases we use at work every day

    cnbc.com

  • At the end of his life, Steve Wozniak won’t measure his happiness by the size of Apple’s market cap or his personal net worth. Instead, the Apple co-founder will think about the jokes he told and the laughter he shared with family and friends — and he wants others to do the same, he told University of Colorado Boulder graduates during a commencement speech. In his speech, Wozniak recounted an article he once read about ex-Viacom CEO Sumner Redstone. “He was flying around to one city to sell a company for a billion of today’s dollars, and then flying to another one ... I thought, ‘Wow. To have that kind of wealth and power, would you want that when you die?’” said Wozniak. The answer was “no,” Wozniak continued: “I want to die remembering my pranks, and the fun I had, and funny jokes. I decided that that life, for me, was not about accomplishment. It was about happiness.”

    Steve Wozniak: When I die, these are the moments I want to remember—they don't involve co-founding Apple

    Steve Wozniak: When I die, these are the moments I want to remember—they don't involve co-founding Apple

    cnbc.com

  • In 2013, Jannese Torres was earning $80,000 a year as an engineer. After being laid off, she decided to devote more time to her recent side hustle, a food blog called Delish D’Lites. Over time, as she learned more about personal finance, one side hustle grew into more. In 2019, she launched a money podcast called Yo Quiero Dinero to share her experience and help other people build wealth. Today, Torres has seven income streams, including affiliate marketing, blog and podcast ads, speaking engagements, digital courses, AirBnB rental income and brand partnerships. Combined, they bring in an average of $37,394 a month in revenue. Of that, $9,300 is in passive income. Here is what she always tells people before they take the plunge to run their side hustle full-time.

    39-year-old who makes $9,300/mo in passive income: My No. 1 piece of side hustle money advice

    39-year-old who makes $9,300/mo in passive income: My No. 1 piece of side hustle money advice

    cnbc.com

  • When Mark Cuban sells a business, he always sets aside some of the proceeds for one specific purpose: divvying it up among the company’s employees. “In every business I’ve sold I’ve paid out bonuses to every employee that was there more than a year,” Cuban posted on social media platform X. The bigger the acquisition, the larger the payout: 300 of Broadcast.com’s 330 employees became millionaires when the audio streaming service sold to Yahoo for $5.7 billion in stock in 1999, Cuban wrote. Cuban started the practice after selling his first company, a software firm called MicroSolutions, for $6 million to CompuServe in 1990. He took 20% of the total sale price, he tells CNBC Make It, and paid it out to 80 employees — which would equate to $15,000 per staffer, if distributed equally.

    Mark Cuban turned 91% of his employees into millionaires when he sold a company for $5.7 billion

    Mark Cuban turned 91% of his employees into millionaires when he sold a company for $5.7 billion

    cnbc.com

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