SoFi Blog

Tips and news—
for your financial moves.

7 Essential Tax Tips for Young Professionals

Whether you’ve been filing taxes for 5 years or 15, it never seems to get any easier. Maybe it’s because a whole year goes by between each tax season—plenty of time to forget everything you learned about W-2s, deductions, and tax credits the year before (not to mention your e-file password).

Meanwhile, the older you get, the more complicated your tax situation tends to be. As you earn more income and achieve new financial milestones, you face questions like what expenses are itemized tax deductions, what’s considered income for tax purposes, and if you can write off interest payments on your student loans.
w
Life is too short for a formal education in tax code—getting a handle on a few of the basics can help you maximize your tax refund (or at least minimize what you owe). Here’s a roundup of sage tax advice for young professionals from financial experts to make your tax return a breeze—or just less terrible than usual.

Read more

#HomeEnvy: How Social Media is Changing the Game for Home Improvement

It’s no secret that the advent of Instagram has changed the way we eat and the way chefs prepare food. At this point, we’re all in it for that double-tap worthy brunch shot of our elegantly-plated eggs benedict accompanied by home fries and hashtags.

Social media does more than just make us feel like we missed out on a great meal, though. Through platforms like Pinterest and Instagram, we have a clear view into friends’ and influencers’ homes. It made us wonder: does “pinning” impact planning when it comes to home improvement projects? We surveyed 1,500 homeowners to find out.

Read more

5 Ways Friends Influence Your Success, According to Science

There’s no doubt that your squad makes your life better. Your friends pick you up when you’re down, celebrate your milestone moments, and hang out with you just because you rock in between. But beyond providing awesome support—and lots of laughs—several studies reveal that your friends can also influence your financial achievements, career performance and opportunities, and general life success.

Here are five ways, according to science, that your friends can help you get more out of work and life:

Read more

200 Lawyers on What Career Fulfillment Looks Like Today—and What it Takes to Get There

Every law school graduate knows the classic career trajectory: snag an associate position at a firm after graduation, work crazy hours to prove your worth, and then, hopefully, make partner and ascend to the next level, financially and otherwise.

But that typical path may be shifting. The rise in emphasis on overall quality of life and career fulfillment has produced a sea change in the next generation of lawyers, who have found the traditional route to success leaves much to be desired.

At least, according to a recent survey we conducted. We asked lawyers across the spectrum—from associates to partners, to in-house counsel for companies to attorneys working in government—questions about their values, where they plan to go next, down to the most basic question of all: Are they happy in their careers?

Looking toward the future, plenty of lawyers laid out a big question mark. One lawyer admitted they enjoyed their day-to-day, but doubted the path ahead: “I like my firm, but I always wonder if one day I will burn out.” Another worried about balancing it all: “Will I have a life, and if so, will they pay me enough to keep up with the cost of living?” Their responses circled the same topics‚ from figuring out their career to money concerns. One respondent basically summed it up: “Where am I going, where do I want to go (career-wise), and can I make it work financially?”

The overall results are pretty fascinating, and provide understanding into how lawyers are defining their careers today, as well as what it means to achieve fulfillment in the current job market.

Read more
Fighting Law School Debt, Four Young Attorneys Define Their Own Success

Four Lawyers Get Candid About Life, Career Aspirations, and Law School Debt

After graduating from law school, every aspiring lawyer has a vision of what his or her ideal law career will look like. One thing most new attorneys will attest to, however, is that their substantial student loan debt will probably factor into their career decisions for years to come. Whether pursuing the coveted partnership in a law firm, choosing a slower pace to leave room for work-life balance, opting to practice law that helps champion causes close to the heart, or working for a private client, law school loans loom large.

Here’s a closer look at how four motivated young lawyers are navigating different career paths and discovering new passions, while trying to close the case on their student loan debt for good.

Read more
TLS 1.2 Encrypted
Equal Housing Lender