FEATURED BLOG POST

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

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sofi wealth, market commentary

The Fed Sends a Clear Signal – Week of Oct. 17, 2016

Stock prices fell last week in the face of rising interest rates and mixed economic data. The 10-year Treasury yield reached its highest level since early June as the market-derived probability of a Fed hike in December rose. Rising yields pushed the dollar higher against most other currencies, hurting returns in international and emerging market equities. We see bond yields leveling out in the coming weeks and remain constructive on U.S. growth.

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Tips when asking for a raise

7 Things To Never Say When Requesting a Raise

Working for years without a pay increase can become a struggle and cause stress, especially as the cost of living continues to rise. Whether you’ve been making the same salary for 12 months or for more than a decade, having the money conversation with your boss can be awkward. But when increases don’t come when needed, your only recourse is to ask for them.

Before you have the conversation, though, it’s not only important to arm yourself with all of the right things to say, but also to learn what not to say. Bob Park, Head of Career Strategy & Professional Development at SoFi, has a few tips on language to avoid when asking for a raise.

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How much home can you afford?

How Much Should You Pay For a New Home?

Editor’s Note: This new series on Financial Fitness comes from personal finance expert, and SoFi content partner, Dr. Tony Pennells, founder of MindShift.money, Using proven tools and systems, Dr. Tony demystifies “financial freedom” with common sense solutions to help people create true wealth (the type that makes money that you don’t have to work for!). Click here for earlier stories in the series.

How much should you pay for housing? This is a great question. We’re expected to own a home. If you haven’t been told this directly, you’ve probably felt the pressure over the years, because the idea that a home is a good financial investment is ingrained in our culture. And that’s fine. Owning a home can be a good thing. But not always.

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#SoFiStartups with Upkey co-founders

#SoFiStartups: Upkey—Reinventing the College Job Search

For any startup to succeed, it takes talent, intelligence, hard work, and a love of innovation. It also helps to be connected—to have people looking out for you, especially when you’re on your way up and in need of that first big break. SoFi Entrepreneur Program member Mark Pawloski started Upkey with friends Mo Bitar and Amir Badr to help college students who didn’t come from elite backgrounds get noticed by more elite employers.

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Investing advice for single people with no children

Save (For) Yourself: Investing While Single

Let’s get the ugly truth out of the way up front: A lot of Americans don’t have great financial planning skills. More than half (56%) have saved less than $10,000 for retirement, according to a March 2016 GoBankingRates survey. And 49% of U.S. adults with a self-directed retirement account, such as an IRA or 401(k), lack the confidence to invest it properly, according to a Federal Reserve Board report published in May. To add insult to injury, that same report reveals that 46% couldn’t cover an unexpected $400 emergency expense with ready cash or savings.

While there’s plenty of saving and investment advice available to help us all increase our financial smarts, the lion’s share of it is built around the idea that we should invest and save for other people in our lives. We’re told to save up for a wedding, a down payment on a house to enjoy with a life partner, a couple of cars, and for children and their educations. But where’s the financial planning advice for singles? It’s unfair to be left out just because your life milestones differ from those of others.

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