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Money Management

What to Bring to a Job Interview

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 Here’s everything you need to be fully prepped for your job interview — whether it’s remote or in person. Andrey_Popov / Shutterstock.com

Editor’s Note: This story originally appeared on FlexJobs.com. When prepping for an interview, it’s essential to strike the right balance between bringing too much and too little. If you bring too much stuff, you risk seeming like you’re more prepared for a trip than an interview. However, if you travel too light, you may come across as nonchalant and unprepared. So, what’s the best way to strike…

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How Some BookTok Creators Make $2,000 or More per Video

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Publishers are paying influencers to promote books on TikTok. Learn about how BookTok works, how much it pays, and see if you should check it out. 

Image source: Getty Images

If you’re an avid reader, getting paid thousands to read probably sounds amazing. My Kindle goes with me everywhere, and I wouldn’t definitely mind some extra cash to talk about my favorite books.

Thanks to a TikTok trend called BookTok, that’s no longer just a wild dream. Some content creators who talk about books, known as BookTokers, are earning $1,000, $2,000, or more per video, according to Vox. Whether you’re interested in getting some new book recs or becoming a BookToker yourself, here’s what you need to know.

How BookTok works

BookTok is a community on TikTok and a relatively new form of influencer marketing. Book enthusiasts build followings on TikTok with reviews, commentary, and reactions to what they’re reading. If a publisher wants to promote a new release, it can hire a BookToker to discuss it on their channel.

For publishers, BookTok has proven to be an effective method for selling books, and that’s hard to come by. In its article on BookTok, Vox reported that the U.S. book market generally grew by about 3% to 4% per year before the pandemic. There was a surge in book sales from 2019 to 2021, but in 2023, book sales had declined by about 1%, according to Circana.

The exception to that decline is the authors who have been promoted on BookTok. They’ve seen an increase of 43% compared to their 2022 sales figures. Booksellers have jumped on the trend, with Barnes and Noble highlighting popular titles from BookTok online and in stores.

Because of how useful BookTok is for promoting books, popular content creators can earn quite a bit of money. Multiple BookTokers told Vox that they’re normally paid about $2,000 per video. One said she charges $2,000 per video and $4,000 if publishers want usage rights, meaning the option to use the video as an ad or repost it on their channels. BookTok has definitely been valuable from a personal finance standpoint, at least for creators whose channels have taken off.

The good and bad of BookTok

The general consensus on BookTok is that anything that encourages people to read is a good thing. Many readers like that they’re able to find books they otherwise wouldn’t through BookTok, such as titles by indie or self-published authors. It has clearly benefited those authors, as well, bringing them far more exposure and sales.

BookTok has also been huge for booksellers and the publishing industry. From Barnes and Noble to small bookshops, the increase in sales has helped booksellers of all shapes and sizes.

Not everyone loves BookTok, though, and it does have its downsides. The biggest issue is one that comes up with just about any form of influencer marketing. Does that influencer really like what they’re promoting, or are they doing it for the cash? Most BookTokers are probably honest about this, but it’s fair to assume that some of them promote books for the money, whether they’ve read them and liked them or not.

Members of book communities on sites like Reddit have also voiced criticisms of BookTok’s influence on publishers. Specifically, they’ve mentioned how it now has a significant impact on which books get published and which don’t, and that it’s causing publishers to gravitate toward books with the right tropes to go viral.

There have also been complaints about how the same books and authors tend to get recommended often, so it becomes an echo chamber. However, this depends in part on which BookTokers you follow.

Is BookTok a good way to make money?

It’s certainly possible to make money and pad your bank account on BookTok, but like any type of influencer marketing, it’s not nearly as simple as it appears on the surface.

Successful BookTokers aren’t just reading, posting a quick video about the book, and raking in the cash. There’s much more work involved, and quite a bit of it isn’t related to reading. You’ll need to research ways to attract viewers, such as hashtags, sound effects, and the latest video trends. You’ll also need to spend a lot of time creating and curating your content. That includes producing it, posting new videos often, and interacting with followers.

Keep in mind also that just because BookTok is hot now doesn’t mean it will stay that way forever. It could be a flash in the pan, in which case publishers would stop paying as much. TikTok could start losing popularity, or the app could even be banned in the United States.

If you want to share your passion about reading, then being a BookToker may be worth a try. Go in with the understanding that building a successful channel isn’t easy, and that there’s no guarantee BookTok will continue to be this profitable in the future. Since it isn’t the most reliable way to make money, it’s only something you should get into if you’re truly passionate about the subject.

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We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

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Should You Join a Warehouse Club in 2023?

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Need a way to save more money on food and everyday household items? Find out whether you should get a warehouse club membership in 2023. 

Image source: Getty Images

As the cost of living rises throughout the country, many consumers are looking for ways to trim their spending to stay on budget. Many shoppers find investing in a warehouse club membership is an excellent way to save money on food and essential household expenses.

If you’re not yet a member, you may wonder if you should join a warehouse club this year. It might be worth it for those who can afford the yearly membership cost. But some shoppers may find it makes more sense to shop at other retailers instead.

The cost of a yearly warehouse club membership

You’ll need to pay for an annual membership to shop at a warehouse club. Before swiping your credit card to pay for a membership, review your budget to ensure you can afford the cost. How much you’ll pay depends on the warehouse club that you join and the membership type. Here’s a breakdown of the costs for three popular warehouse clubs.

BJ’s

Club Card membership: $55 per year

Club Card+ membership: $110 per year

Costco

Gold star membership: $60 per year

Executive membership: $120 per year

Sam’s Club

Club membership: $50 per year

Plus membership: $110 per year

Other considerations to make before joining a club

In addition to the expense, there are other considerations that you should make before joining a warehouse club. While many people benefit from shopping at warehouse clubs, it’s not a good fit for all. Consider the following before joining:

Location: Is there a warehouse club in your area? If not, you’ll need to spend more on gasoline and take more time out of your day to do your shopping. Those who find this expense valuable tend to have a club location near their homes. Product availability: Take some time to review product availability before joining. You can browse each club’s website or mobile app to see what products it keeps in stock. You want to feel confident that the items you usually buy will be available. Storage: Do you have the space to store all the items you’ll buy? Many items at warehouse clubs are sold in bulk, so if you have minimal extra storage space, you may not find a membership useful. Meal planning: When you come home with bulk food items, you want to ensure you can put all of the food you buy to use before it expires. One way you can do this more easily is by meal planning. If you already plan your meals before shopping, a warehouse club membership may work well for you. Membership usage: Will you get much use out of your membership? If you only anticipate buying a few items a year or visiting your local club once or twice a year, you may want to hold off on getting a membership — even if it fits your budget. Impulse buys: Many shoppers spend more than anticipated because they fall for impulse buys. Warehouse clubs use clever marketing techniques to entice you to spend more money. If you often fall prey to impulse buying, you may want to steer clear, or you could rack up credit card debt.

Should you buy a warehouse club membership?

Only you can decide if a warehouse club membership is a worthwhile investment. But take the time to consider your own needs, shopping habits, and budget before joining. As a member, you may be able to save a significant amount of money on everyday expenses, which could make it easier for you to reach your personal finance goals.

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We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.Natasha Gabrielle has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy.

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Google TV Adds More Than 800 Free Channels

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 Google TV is making it easier to tap into entertainment without paying for it. monticello / Shutterstock.com

Folks looking to slash their TV entertainment costs might want to consider taking a second look at Google TV. The streaming service has announced that it has started adding more than 800 free TV channels and be rolling them out over the next few weeks. The channels — which are being integrated into Google TV’s “Live” tab — are from the streaming services Tubi, Plex and Haystack News.

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The 10 Riskiest Foods, According to Consumer Reports

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 These foods have been most likely to sicken — and even kill — people over a five-year period. New Africa / Shutterstock.com

When you sit down to a meal, the last thing you want to worry about is whether or not the food on your plate might hurt you. But the reality is that some types of food could have major risks to your health. A handful of these foods have been linked to serious recalls in recent years, according to Consumer Reports. In some cases, consumption of tainted foods has resulted in outbreaks of disease.

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The NFL’s Owners Want to Let Private Investors Buy Stakes in Teams. Does That Mean You Can Too?

By Money Management No Comments

The NFL has strict rules for who can own its franchises. Will they change and, if so, who will be able to invest in NFL teams? Read on to learn more. 

Image source: Getty Images

These days, investors can buy stakes in just about anything, from mineral commodities to publicly traded stocks to an NFT bone for your dog.

But the one entity whose ownership has eluded investors since its founding is also the one whose surging valuation may just rewrite the rules on who can invest in it — the National Football League (NFL).

According to a story published by Bloomberg, numerous NFL owners have expressed interest in allowing private equity firms and institutional investors to buy stakes in their teams. This would join the NFL — whose teams have some of the highest valuations in sports — with other major professional sports leagues who allow private investors to buy shares in teams, including Major League Baseball (MLB), the National Basketball Association (NBA), and the National Hockey League (NHL).

But the road to passing such a measure is long, and even if it came about, not every investor would be invited to the trading floor. Let’s take a look at the NFL’s current policy and see who might be eligible to invest in football teams.

Who owns NFL teams now?

The NFL has strict requirements for who can own shares of its teams. Unless you have hundreds of millions of cash on hand you’re likely ineligible for ownership.

Prospective buyers and partners must be ready to buy a minimum 30% stake in a team. To put that into perspective, Forbes reported that the NFL team with the lowest valuation is the 2022 Cincinnati Bengals, at $3 billion. To own a stake in the 2022 Bengals, you would have had to put down $900 million in cash.

For the most expensive team — the 2022 Dallas Cowboys at $8 billion — you would have had to pay $2.4 billion to own a portion of the team.

Things get even more restrictive when we consider where that money can come from. The NFL limits prospective buyers to borrow no more than $1 billion. So, to buy a share in the Dallas Cowboys, you would need at least $1.4 billion in cash, if you were planning to borrow money.

But the NFL is even more restrictive than this. Private equity investors, public companies, sovereign wealth funds, and ownership groups with more than 25 people are all off the table. The buying group has to be small — and very, very wealthy.

For example, the last team to be sold was the Denver Broncos in 2022 for $4.65 billion — the highest sticker price ever paid for a franchise in the world of sports. There were four buyers: Rob Walton (son of Walmart’s founder, Sam Walton), Lewis Halton (Formula One world champion), Condolezza Rice (former U.S. Secretary of State), and Starbucks board chair Mellody Hobson.

Dropping $4.65 billion on a sports team is one thing. But for many NFL owners, the bigger issue is the return on investment. Like owning a house, NFL owners can’t capitalize on rising valuations unless they sell ownership of their teams. But the NFL’s rules make it difficult to find buyers, which is why some NFL owners want to rewrite the criteria.

How could the NFL’s rules change?

If Bloomberg is correct in its reporting, then it seems certain NFL owners are interested in dropping the league’s strict requirements and allowing more private investors to buy stakes in NFL teams.

But that doesn’t mean every investor can become an NFL owner, at least not in the way you buy stocks in your brokerage account.

More than likely, the NFL would open the trading floor to private equity firms and institutional investors. These entities are big groups who pool massive amounts of money in order to buy large stakes in extremely expensive assets.

The good news is that many institutional investors are behind ETFs and mutual funds. That means, if the NFL relaxes its rule, you might be able to passively own an NFL team if a mutual fund or ETF company owns a stake in it.

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We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has positions in and recommends Starbucks and Walmart. The Motley Fool recommends the following options: short April 2023 $100 calls on Starbucks. The Motley Fool has a disclosure policy.

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