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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

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Employees at CNBC Make It

Updates

  • Narcissistic parents often lack the traits required to be a successful parent, such as self-awareness, compassion, patience and empathy. As a psychologist who studies narcissism, Ramani Durvasula has found that kids of narcissistic parents can grow into adults who struggle with self-blame, self-doubt and a constant feeling that they aren’t enough. While not all highly narcissistic parents behave the same way, there are some universal themes. Here are six toxic traits they share.

  • Lan Ho was working as a retail pharmacist at Walgreens earning about $120,000 a year, before she decided to quit her job to start a coffee company. Getting the pharmacist role was no easy feat. She had gone through a decade of higher education, where she earned her bachelor’s degree in chemistry from Lindenwood University, her master’s degree in finance from Harvard University and her doctorate degree in pharmacy from the St. Louis College of Pharmacy. Despite everything she had already invested, Ho said she felt miserable working as a retail pharmacist. One day, she had an epiphany: “What am I doing at the back of Walgreens, like, hidden from the world?” It was this feeling that ultimately pushed her to change the trajectory of her life. Today, the 35-year-old is the founder and CEO of Vietnamese coffee company Fat Miilk which brings in over $500,000 a year, according to documents reviewed by CNBC Make It. Here's how she built her business into what it is today.

  • In August, Kevin Jonas will embark on an international tour with his brothers as they celebrate 20 years of the Jonas Brothers. Since the band signed with its first record label in 2005, three of its albums have charted No. 1 on Billboard’s Hot 200 and the group has won two American Music Awards and received two Grammy nominations. But less than a decade ago, while the band was broken up, Jonas almost went broke after a “bad business deal,” the 37-year-old singer and guitarist said in a recent episode of “The School of Greatness” podcast, hosted by Lewis Howes. Around nine years ago, Jonas said he “invested in a bunch of property and doing other things, and I was building at the time, and sadly it just wasn’t the right partnership.” The deal left him with only around 10% of his money remaining, he said. Even rock stars can hit a sour note in business. See how Jonas has since bounced back — and find out how to vet the right business partner, according to financial pros: 👇

  • Two mistakes can doom any new business — and many people make them, says Julia Austin, a former top executive turned executive coach and senior lecturer on startup operations at Harvard Business School. The first mistake: not doing enough research to make sure there’s a viable market for whatever you want to sell, says Austin. Having a great idea isn’t enough to start making money, she says — particularly if you want to go beyond the world of side hustles and build a startup that lasts. Relatedly, the second mistake entrepreneurs tend to make is failing to lay the groundwork early for an effective corporate infrastructure. You might find it boring, but turning a great idea into an actual business means “building a whole company,” says Austin. Austin works with “a lot of founders who say: ‘I never imagined I’d be spending this much time on people stuff,’” she says. “And not just hiring, but managing people and building teams and all the things that come into play with running a business.” Both mistakes are typically the result of over-exuberance from first-time entrepreneurs who are very excited about their idea, says Austin. Check out her advice to avoid the rookie mistakes and build a great business, at the link in bio.

  • Over the next decade, advances in artificial intelligence will mean that humans will no longer be needed “for most things” in the world, says Bill Gates. That’s what the Microsoft co-founder and billionaire philanthropist told comedian Jimmy Fallon during an interview on NBC’s “The Tonight Show” in February. At the moment, expertise remains “rare,” Gates explained, pointing to human specialists we still rely on in many fields, including “a great doctor” or “a great teacher.” But “with AI, over the next decade, that will become free, commonplace — great medical advice, great tutoring,” Gates said. Here's why Gates says AI is both concerning and a “fantastic opportunity”: cnb.cx/3QOrJ6D

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  • For the first time in eight years, the number of Americans with side hustles is shrinking, a new survey shows. Twenty-seven percent of working Americans report having a second stream of income, according to a survey published by financial services company Bankrate on July 9. That’s a decrease of nine percentage points from 2024 — when 36% of Americans held side hustles — and the lowest percentage observed since 2017, Bankrate data shows. Just two years ago, American side hustles were at an all-time high, the report says. Many U.S. adults used their second gigs — from walking dogs or driving Ubers to running Etsy shops — to cover their regular living expenses during an unpredictable post-pandemic economic environment with record-high inflation. Curious why Americans are ditching the side hustle? Check out the link in bio for a breakdown.

  • A Roth individual retirement account can be a great option for those who want to start investing for the future, Tori Dunlap, self-made millionaire and founder of financial education platform Her First $100k, says. However, there’s a common mistake she sees many beginners make: not actually investing their money. “If you just put your money into something like a Roth IRA or a 401(k), it’s in financial purgatory,” she says. “It’s just sitting there as cash ready for you to invest. You are not invested.” Investors often don’t realize that this type of investing is a two-step process, she says. After setting up your Roth IRA with an online broker and making contributions to the account, investors need to actually invest that money in something, such as an index fund or a target-date fund. Here's what you need to know about Roth IRAs.

  • A popular workaround may be the easiest way to save $7,500 on an electric vehicle. By leasing instead of buying, many drivers have been able to claim the full $7,500 clean vehicle tax credit without meeting the strict income and manufacturing requirements that apply to most purchases. Normally, to qualify for the credit when purchasing, buyers must fall below certain income thresholds, choose a vehicle under a set price cap and ensure both the car and its battery components meet U.S. sourcing rules. The leasing strategy takes advantage of a rule in President Joe Biden’s Inflation Reduction Act that treats leased vehicles as commercial purchases. Because commercial vehicles are exempt from those restrictions, dealers can apply the credit to nearly any EV and pass the savings along to customers — even for models or buyers that wouldn’t otherwise qualify. It’s often referred to as a loophole by industry insiders. As a result of the relaxed rules for leasing, lease rates for EVs soared from around 15% in 2022 to 67% by March 2025, according to Cox Automotive data. But time is running out. The rebate is scheduled to end after Sept. 30 under President Donald Trump’s “big beautiful” tax-and-spending package, giving drivers just a few months to claim the credit before it disappears. The deadline applies to both new and used electric vehicles, whether leased or purchased. Here are the benefits and downsides of leasing an electric vehicle.

  • Steve Barsh spends his workweeks mentoring startup founders, consulting with artificial intelligence experts and advising organizations like SeatGeek and NASA. For one to two hours per day, the full-time startup investor also runs his side hustle, a property management company called Parker Chase Properties that manages short-term rentals across five luxury condo units in Park City, Utah, and Deer Valley, Utah. The side hustle started 26 years ago when Barsh sold a software startup he co-founded called SECA, and together with his wife Amber Salzman, bought a $820,000 three-bedroom condo in Park City. Salzman and Barsh now own four of the five condos managed by Parker Chase, which brought in $1.27 million in revenue last year — roughly $105,000 per month, on average. Here’s how they built their side hustle into what it is today — and how Barsh uses the side hustle to teach his children about investing.

  • When a friend makes a joke at your expense or lobs a “playful” insult your way, it can be hard to know how to proceed. Acting as if the comment didn’t offend you could invite more of the like, but refuting it might result in conflict or, at least, discomfort. It’s in situations like these that Harvard-trained etiquette expert Sara Jane Ho shines. She prides herself on knowing what to say and how to say it, even in situations as uncomfortable as a friend putting you down. If you find yourself on the receiving end of a sassy remark, you can counter it with kindness and class with just one question.

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