Millennials Are Seeking Prenups—and It Might Just Be Worth Considering

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Our Entrepreneur Program Welcomes Its 2018 Class

We are excited to announce the 2018 class of SoFi Entrepreneurs! These ten companies stood out amongst the hundreds of incredible applications we received, representing a diverse set of industries, backgrounds, and big problems they’re trying to solve. We are excited to ride shotgun and help them all navigate their entrepreneurial journeys. Over the next ten months, we’ll devote our coaching and resources to helping each of these ten companies get off the ground, culminating in our Demo Day in October:

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SoFi Benefits: Six-Month Grace Period for Graduates Using SoFi ReFi

First of all, congratulations to recent MBA graduates! Many members of the SoFi team have been in your shoes and we know the sense of accomplishment you feel when you finally earn your MBA. While the journey of higher education has come to an end, the journey outside of graduate school is just beginning. For many, the top priority is now to find or a job and to pay off any student loans that you may have accrued.

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One SoFi: Refining our Culture

by Jing Liao, Chief Human Resources Officer

This year’s events at SoFi have served as a stark reminder about the importance of company culture. Since September, our board and leadership team have been taking a hard look at SoFi’s culture—and we have identified several areas for improvement. To address those areas, we have launched an initiative called “One SoFi” to work together to define the culture and values we want to embrace as a community across our nearly 1,300 people and seven offices.

We began the initiative with a company-wide survey to assess the present state of our culture, recognize our strengths, and identify opportunities for improvement. We had extremely strong participation across the company, with 81 percent of employees taking the survey. Once the results were compiled, we held discussions on the issues raised amongst leadership, across teams, and together as a company.

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Cryptocurrency: The SoFi Wealth Perspective

Interest in cryptocurrency, specifically Bitcoin, has taken off like a rocket in the last 30 days, spurred largely by the precipitous spike in Bitcoin’s price. While the interest is driving conversation, we feel there hasn’t been enough advice offered to individual investors of how to both make sense of the cryptocurrency boom and to make a decision on whether buying any is a good idea.

Bitcoin is network software that facilitates the secure exchange of digital tokens–called Bitcoins–among anonymous users of the network, anywhere in the world. This New York Times article explains how it works. Other cryptocurrencies work much the same way.

Cryptocurrencies act in some ways like actual currency and can be used to buy a limited number of things, but they are not created by or backed by any government. The full faith and credit of the US government stands behind the dollar. Bitcoin is not backed by anyone. It is hard to create more of most cryptocurrencies, so the interest in them has created demand that is difficult to match, and this has driven up their prices.

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Those Deals Aren’t Real

by Joanne Bradford

‘Fifty percent off’. ‘Buy one get one free’. ‘Twenty four hour sales’. Yes, Black Friday and Cyber Monday are all about the deals, as well as the associated frenzy that comes with them every year.

But while we’re rushing stores and frantically going online to fill our carts, we often don’t think about the hidden prices that can come with those discounted items. If we took a moment to consider that swiping a credit card on all those bargain purchases comes with the added cost of APR fees, we’d probably be less excited to camp outside a store for the evening, or actually fight over a TV. Point blank: With credit card interest bills over time, Black Friday and Cyber Monday sale items actually cost more than those crazy deals suggest.

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