Tan France Reacts: Living On $38K A Year In Charlotte, NC | Millennial Money

"Queer Eye" star Tan France reacts to a Millennial Money episode featuring Chloe Potter, a millennial launching a side hustle out of her apartment in Charlotte, NC. France also started his business out of his apartment and gives his top advice to the young entrepreneur.

Potter, who worked at a start-up in Charlotte, North Carolina, and was making $38,000 a year as of August 2019, founded a small-batch coffee roasting company, Levitate, in June 2018. Currently, she's living in Florida with family and working at a coffee shop in Fort Lauderdale. Her long-term goal is to open her own coffee shop.

Right now, she's not concerned about Levitate making money. "I don't expect to profit from my business until at least three to four years in," she told CNBC Make It last year.

That's similar to the mindset France had when he started his fashion brand in his early 20s. If you're self-funding your business, you probably shouldn't be paying yourself "for quite some time," he says. "I waited three years to start paying myself. I had a job on the side that paid for my cost of living, but as far as my business was concerned, every penny that I earned went back into the business. … That's, in my opinion, how you build a sustainable business."

» Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf

About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.

Connect with CNBC Make It. Online
Get the latest updates: https://www.cnbc.com/make-it
Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt

#CNBC
#CNBCMakeIt
#MillennialMoney

Tan France Reacts: Living On $38K A Year In Charlotte, NC | Millennial Money

Видео Tan France Reacts: Living On $38K A Year In Charlotte, NC | Millennial Money канала CNBC Make It