SoFi Blog

Tips and news—
for your financial moves.

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Launching a Side Hustle: Things to Keep in Mind

Between student loans, rent, utilities, groceries, and food—expenses can add up quickly. If your regular paycheck seems to disappear in a hurry every month, it may be time to find a side hustle to boost your income. According to a 2017 report , more than 44 million Americans have found a side hustle to boost their bottom line.

With most side hustles, you’re able to customize your schedule which can give you the flexibility you need when you’re already working a full-time gig. And with a bit of leg work, you can find a side hustle that falls in line with your passions and gives you a sense of pride and fulfillment that you may not be getting at your full-time job.

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March Monthly Market Commentary

Denim, jets, weed…and witches? That’s just the start.

The first quarter of 2019 is behind us, and last month was particularly interesting. Don’t have time to read financial papers end-to-end every day? Have a life and other responsibilities and stuff? We got you—here are six things to note as you make your next market move.

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Planning an Affordable Bar Trip

After 19 years of education—12 years in primary school, four years of undergraduate study, and three years of post-graduate work—you’ve finally done it: You’re a lawyer. Well, almost.

Before any graduate can practice law, he or she must take the bar exam . After years of school and countless hours of studying, your legal career will come down to passing the bar exam. Typically, graduates walk across the stage in May, then take the bar exam in their state of choice the last week of July (although most states administer the bar exam during the last week of February as well).

Then, they must wait to confirm their bar results and start working as a first-year associate. And all that adds up to is a ton of time off with nothing to do between taking the bar and starting a job. Nothing to do but celebrate, of course.

What do students do while waiting on bar exam results? The time-honored tradition of “bar trips” takes place each year during those few weeks after the exam and actually receiving the results.

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stressed woman with laptop

Pretending Your Student Debt Doesn’t Exist Could Be More Stressful

Ignoring a problem in the hopes that it’ll go away can feel very appealing on the surface. But while engrossing one’s self in the latest TV drama might be a good distraction, it isn’t actually going to resolve anything. This is especially true when it comes to student loan debt. If you pretend it doesn’t actually exist, you’re not going to make it disappear, and you may even make it worse.

If student loan stress is causing you to lose sleep, you’re not alone. Stress from debt can have an impact on some people’s mental health. A 2017 report found that 80% of working professionals with student loans claimed that their debt was a ‘significant’ or ‘very significant’ stressor in their lives.

A great way to potentially counter stress from debt is to craft an action plan to get ahead of your debt. Help take charge of your student debt with these five tips.

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