SoFi Blog

Tips and news—
for your financial moves.

debtfreetaxfree

Represent! SoFi Supports #DebtFreeTaxFree

In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more.
Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.

On September 25, 2019, SoFi’s general counsel, Rob Lavet, went to Washington D.C. as part of the DebtFreeTaxFree Coalition in support of the House of Representatives bill, H.R. 1043/Senate’s bill, S. 460. DebtFreeTaxFree is a consumer advocacy coalition aimed at supporting bills that will provide tax benefits for employers who help their employees pay down student loan debt.

Here’s some information on the bill this campaign supports and more about the DebtFreeTaxFree Coalition.

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Sharing SoFi’s Mission & Company Values

Part of what makes SoFi such a dynamic place to work is our commitment to our mission, culture, and company values.

In order to help our members get their money right, we need to remain hyper-focused on our 11 core values—which are at the core of how we think about hiring people, how we evaluate our own performance, and most critically, how we work day-to-day together.

It’s not just the what we do, but the how we do it. With that, SoFi’s core values are as follows.

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bitcoins on purple and pink background

What is Bitcoin & How Does It Work?

To understand Bitcoin, there are a few other definitions to clarify first, including that of digital currency .

This type of currency does not have a physical form, so it can’t be seen or touched, but theoretically, it can be used in the same ways as traditional money, including buying and selling goods and services. Digital currency can be used around the globe, as long as parties accept this type of payment, being exchanged among digital wallets.

Cryptocurrency is a type of digital currency, one that’s based on cryptography, using complex mathematical principles to create and analyze algorithms. Bitcoin is the most widely recognized form of cryptocurrency, but it isn’t the only option.

Bitcoin uses blockchain technology and a decentralized ledger to operate. In hypothetical terms, blockchain technology is like a spreadsheet duplicated across networks of computers with the technology creating the ability for people to regularly update the spreadsheet with transactions.

Records are public and easily verified, creating a sense of openness. Bitcoin has no primary regulating authority—and no centralized version of its record exists. Regulators are increasingly getting involved, but the regulatory structure is currently nowhere near the same degree as those imposed on securities or banking products.

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street in Munich

Great Cities to Visit in the Fall

Summertime gets a lot of the travel glory. But when it comes to stellar travel times, fall is a bit of a hidden gem.

From high-spirited harvest festivals to flamboyant foliage, there’s all manner of reasons to take a trip this autumn—and if you’re looking for some inspiration, you’re in luck.

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pregnant business woman

Preparing Your Career & Finances for a New Baby

Whether you’re just starting to think about getting pregnant, or you’re back at work after your second (or third!) baby, there’s no doubt about it: when it comes to family planning, there’s a lot to think about.

From what choices you should make in your career, to the changes you may need to make to your finances, you’ll want to do some research and start planning ahead as early as possible. There are no right or wrong answers to this whole parenting thing (seriously!)—there are only the best choices for you and your family.

Let’s start from the beginning: what should you prioritize when you’re first starting to think about welcoming a new addition to your life? Let’s break down some common questions about how bringing a baby into your life will impact both your finances and your career.

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