SoFi Blog

Tips and news—
for your financial moves.

How to Talk to Your Boss About Your Job Performance

During the interview for your current job, you may have been asked where you see yourself in five years. But have you ever revisited that conversation? To keep your career on the right path, it’s important to learn how to talk to your boss about your job—where you are now and where you see yourself in the future.

It might feel awkward to bring up your career development to your manager. You may not want to boast about your achievements and why you deserve to move up. Or, maybe you’re worried that your company foresees you moving into a different direction than you have in mind. And there’s always the potential for rejection if your boss doesn’t think you’re ready for a particular career track.

That doesn’t mean you should avoid the awkwardness altogether—you just need a few career tips on how to talk to your boss about your job and career progression. Here’s where to start.

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How to Protect Your Credit and Online Data From Fraud—A Year After The Equifax Breach

A great way to commemorate the one-year anniversary of the infamous Equifax breach (September 7, 2017) is to take steps to protect yourself to keep your information secure.

First, the backstory: Equifax, a financial information company based in Atlanta, reported a cybersecurity incident that potentially affected 143 million U.S. consumers. Between May and June 2017 , criminals gained access to certain Equifax files through application vulnerability on a U.S. website.

The information exposed included social security numbers, birth dates, addresses, and drivers’ licenses. Approximately 209,000 credit card accounts for approximately 182,000 U.S. consumers were also compromised. These accounts include dispute documents and personal identifying information. Even a year later, the cleanup continues .

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How to Build A Work Wardrobe On A Budget

New York Fashion Week (NYFW) always brings this dreaded thought to mind: “I have absolutely nothing to wear, and I hate all my clothes.” Take heart, though: while those models are working that runway, you’re working your career.
Some of those models won’t get out of bed for less than $10,000 a day, but you may not have that option—yet. If so, we offer some tips on how to build an amazing new work wardrobe on a budget.

Just keep this in mind before you star in that clothes-shopping/dressing-room montage: don’t expect to buy a complete wardrobe all at once. It’s going to take some time, planning, and smarts. You already have the smarts, but let’s work on the time and the planning.

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Manager and employee discussing raise

How to Ask for a Raise When You Are Underpaid

Money may not be everything, but it certainly plays a considerable role in your job satisfaction. And if you suspect you’re underpaid, your happiness can plummet—quickly. A recent Indeed survey revealed that only 19% of American workers are comfortable with how much they make and say they’d need a $6,000 raise to feel good about their salaries. Additionally, Glassdoor found that a majority of its users are underpaid by an average of $4,700.

If you think you deserve more, it’s worth doing some research to determine if you are truly underpaid—and if so, using that information to have a conversation with your boss. But before you set foot in his or her office, you have to understand how much of a raise to ask for and the best way to ask for a raise in that situation.

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5 Common Student Loan Mistakes to Avoid This School Year

It’s that time of year again: back to school time. And while students are anxious to walk through their school halls, check off their back to school lists, and make sure they have plenty of friends in every class, graduates may be struggling to pay off their debt.

Unfortunately, student loan debt is at an all-time high and continues to rise. The average student loan debt for 2017 graduates was $39,400 amounting to $1.48 trillion in total student loan debt. This exceeds the amount of credit card debt in the United States by $694 billion.

In the summer of 2016, we surveyed around 1,000 young professionals for The Impact of Student Loan Benefits, a white paper outlining the effect of student loan debt on employee recruitment. We found over 60% of respondents reported that student loan debt is one of the top two financial concerns in their lives. While student loans are clearly a stressor for millennials, there’s a way to prevent them from causing students so much anxiety.

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