SoFi Blog

A Note on the Taper

Now that the markets are accustomed to heightened tensions with North Korea, attention is shifting back to monetary policy once again. In the aftermath of the global financial crisis, several of the world’s central banks employed extraordinary measures to help stabilize economies. Now the question is how are they going to scale back, or “taper,” those policies and what affect that will have on asset prices.

When you’re in the personal finance business, the real human impact of debt can get overshadowed by interest rates, terms, and other number jargon. But—there is a hugely meaningful moment when that debt is suddenly gone. It’s the culmination of years of hard work, sacrifices, and pushing toward a goal of seeing a $0 balance over the span of many years. Despite all that effort, the final payment usually happens without much fanfare.

Over the last few days, we’ve been engaged with The New York Times about a story they’ve now published regarding SoFi’s business, culture, and our CEO Mike Cagney. We’re going to set aside the personnel matters raised in the story as a matter of policy, and will not address every inaccuracy in the story. However, we have some issues with the story that we want to address.

Our co-founder and CEO Mike Cagney sent the following message to SoFi employees this evening:

Figuring out what to do with your life: It’s the conundrum that keeps on going. Even if you’re among those who graduated and knew exactly what they wanted to do right out of college or grad school, you’re probably still plagued with some lingering questions around how to translate your passions into your career, how to take your career to the next level, and whether you should stick to the career you chose in your 20’s for the rest of your life.

That’s where Accelerate comes in. As SoFi’s first-ever career retreat for upwardly mobile professionals, we’re looking to help those that want more out of their work life.