SoFi Blog

So you want to be a millionaire. And with your killer drive and professional achievements, there’s no doubt you’ll get there in due time. Up first: Aim to save $500,000. Cutting your goal in half will put you in the right mindset and allow you time to ace the habits and skills you need to join the millionaire’s club.

Here are seven tips to help pave the way:

Should you be expected to help pay off your spouse’s debt?

How much would you spend without feeling like you had to tell your significant other?

Who makes more money, and how does that affect your relationship?

At SoFi, we’re all about your success — in your finances, your career, even your relationships. And research shows that the #1 cause of relationship stress is… you guessed it… finances. That’s why we’re launching For Love & Money, our first Facebook Live event, where expert financial therapist Amanda Clayman helps couples be open and honest about dollars and cents.

Editor’s Note: This new series on Financial Fitness comes from personal finance expert, and SoFi content partner, Dr. Tony Pennells, founder of The Freedom Club. Using proven tools and systems, Dr. Tony demystifies “financial freedom” with common sense solutions to help people create true wealth (the type that makes money that you don’t have to work for!). Click here for earlier stories in the series. 

More money, more problems, so they say. But the truth of the matter is that we all work hard for our money, and we want there to be enough of it to pay for the must-haves and the nice-to-haves. And worrying about having it, or not having it, leads to financial stress. That stress can affect not only your bank account, but also your health, personal relationships, and even how you perform on the job. From migraines to arguments with friends or family to work days missed, financial stress is taking a real toll on American workers.

At SoFi, we have a diverse community of driven members, who look to us for innovative approaches in reaching their financial goals. As educated professionals – many emerging in their careers – our members attend our community events to build their financial knowledge, enhance their careers, and connect with others equally motivated towards success. It’s why we do everything we can to help them grow, network, and have some fun as they navigate through life and their careers. Our latest event at New York University’s elegant Torch Club is a perfect example.