SoFi Blog

As 2019 comes to a close, we are eager to look back on the year and see how our members fared financially. From paying off student loans to getting started with investing, we found that members really focused on building their financial health this year—and they achieved a number of milestones along the way.

To really dig into the specifics, we surveyed over 1,000 SoFi members and 1,000 general consumers (ages 24-73)¹ across the U.S. to get their insights on how they did financially in 2019, the key financial trends of the year, and the financial goals they hope to achieve in 2020.

So you thought your mac and cheese and ramen days were over? Well, maybe not quite yet.

If you’re overwhelmed by the thought of managing student loan payments for years or even decades to come, there are strategies that can help you dump that debt faster. Unfortunately, many require cutting back on your spending or finding ways to make more money.

That might not seem fair if you were thinking graduation would mark the start of a sweeter lifestyle—not more austerity. But the thing to keep in mind is that if you can pay off your loans faster, you’ll typically save money down the road.

Potentially a lot of money: trip-to-Europe, house-down-payment, let’s-get-married kind of money. And knocking down your student debt is a goal worth working toward if you like the idea of financial freedom. Here are some ways to get after it.

It’s Halloween 2008.

One of the enduring mysteries of technology, cryptocurrency, and the internet is about to announce himself, herself, or themselves to the world by posting a white paper to an internet mailing list for cryptography geeks.

The subject of the post is “I’ve been working on a new electronic cash system that’s fully
peer-to-peer, with no trusted third party.”

That’s it.

What follows in the body of the post is a description of what’s in the white paper and the electronic cash system it lays out for the first time. Then there’s an abstract and a link to the full paper, which all this time later is still live, and then—a signature.

This post is the second in a series discussing the ins and outs of life insurance. You can read part I here.

The previous post in this series discussed some of the key differences between term and whole life insurance. My personal belief is that buying term and investing the difference is a superior decision for an overwhelming majority of people. There are a few cases in which purchasing whole life might make more sense for some people. To see a full breakdown of these hypotheticals, check out this blog post.

The post will delve into the reasons many life insurance salespeople promote when selling insurance. Hopefully, this information can help make you aware of the full spectrum of information so you’re better able to make an informed decision.

There’s no denying it: College is a long, hard marathon. If you’re shooting for a bachelor’s degree, you likely have four years of full-time study before you have your degree in hand. The problem is that four years can be a long time to focus exclusively on school.

For some students, a year off offers a chance to step outside academia and back into the “real world,” but what are the potential risks and benefits of taking a year off from college?