SoFi Blog

In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more.
Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would also support our members (like now!), but we will be transparent about it when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.

On September 25, 2019, SoFi headed to Washington DC as part of the DebtFreeTaxFree Coalition, where like-minded organizations expressed support for House of Representatives bill, H.R. 1043 / Senate bill, S. 460 . Because these bills are so similar, support was being given to either/or, with SoFi’s general counsel Rob Lavet serving as our Capitol Hill representative.

Organizations met with 21 Congressional offices that day, meeting seven Congress members directly, to share stories about how this legislation could positively impact people in the United States who have student loan debt.

On that day, three more members of the House added their support and signatures to the H.R. bill—with more signing after that day—bringing the total number of signatures to 189 on the House bill and 46 on the Senate bill, making it a total of 235 members of Congress who support one of these bills.

In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more. Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.

Bill Weld , the former governor of Massachusetts, was the first Republican to announce that he’s running against President Donald Trump in the election primaries. Weld has historically supported education, in particular online education and training programs.

Who is Bill Weld, what are his positions on the major issues, and what exactly is his stance on education and student debt? Let’s dive in.

Did you know that if you don’t negotiate your salary you could be missing out on up to $1 million dollars over a 45 year career?¹

Last year, we introduced Get That Raise—an initiative that empowers our members to go out and ask for the money they deserve, while equipping them with the tools and resources to be prepared and have informed conversations with their managers.

This year, we’re expanding on our initiative to discuss why it’s important to go out and ask and stop leaving money on the table. We’re excited to partner with Allyson Felix, the most decorated Track and Field Olympian, who lived this experience firsthand.

You could say that Richard Branson, founder of the Virgin Group, began his career in business at age 11—selling parakeets with his best friend. Fast forward to today, and the boy who was once slinging pet birds now has a net worth of $3.9 billion. Here’s a look at the steps—and missteps—Branson took on his way from entrepreneurial schoolboy to billionaire mogul.

It happens to the best of us. You’ve got a totally watertight budget, covering every basic from housing to groceries to gas. You’ve even built in space for quality-of-life extras like a gym membership and a subscription to Spotify.

And for a few months the whole thing goes pretty well. You carefully watch where each and every hard-earned penny scurries off to, basking in your newfound feeling of fiscal control and responsibility.

So you decide to build in another, slightly loftier objective: a savings goal for a once-in-a-lifetime vacation or to finally replace that junker you’ve been driving since you were literally in college.

And then, life happens. Maybe that beater you’re still relying on to get to work suddenly requires a repair, or you discover that moths spent the long summer months snacking on last year’s winter coat while it was in storage. Maybe a bicycle stunt lands you in Urgent Care, delicately cradling a broken wrist.

Or maybe you just lose track of those far-fledged ambitions when you see something shiny and new in a storefront window—or by frittering away your cash on tiny daily indulgences, whether they’re iced Americanos or ice cream cones.

No matter what it is that gets in your way, it’s all too easy to lose sight of financial goals, especially when the payoff is fairly far in the future.

It’s natural to be tempted to satisfy your current self at your future self’s expense. But there are ways around this common financial trap and they might be simpler than you think.