Want to live anywhere? Try one of these digital nomad jobs

FeaturedLifestyleMoneyTravel

Written by:

 

 

These days you may have heard the term digital nomad tossed around the internet and media. It might sound cool to have the freedom to roam where you please, not strapped down by a desk job and fixed to a set place for the long term.

 

______________________

SPONSORED: Find a Qualified Financial Advisor

1. Finding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes.

2. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financial goals get started now.

______________________

 

 

 

The truth is, this is the appeal for many people.

 

They are drawn to digital nomadism because they’re sick of their 9 to 5 job, they want independence, adventure, and the unlimited income potential that can come from being a digital nomad.

 

How amazing would it be to work anywhere in the world?

 

You could pop open your laptop and work from the beach, from your hotel room, from your favorite coffee shop or flying to your next destination!

 

In this article, we’re going to dive into the life of being a digital nomad, sharing 7 incredible digital nomad jobs you can snag to get one step closer to your dream of working independently.

Let’s go!

What is a digital nomad?

A nomad is a wanderer. They aren’t confined to a single community and they regularly travel.

 

A digital nomad is someone that lives this nomadic lifestyle using technology to make their living. They are remote workers and travel their country or the globe, working anywhere they wish.

What jobs can you do as a digital nomad?

Virtually any job that you can work from your computer you can do as a digital nomad.

You will want to consider that working as a nomad means that you probably won’t be able to attend face-to-face meetings or work in-person with clients, etc.

 

But, that’s why virtual meetings exist, right?

 

To identify what kind of jobs you’ll like to do, think about your interests and passions. Uncover your skill set, think about your background, education, expertise, and past work history.

 

For example, if you worked as secretary for an accounting firm in the past, a digital nomad job that may be a good fit is a virtual assistant.

Or, if you worked at a design agency creating designs for various clients, work as a freelance virtual graphic designer.

 

So many jobs today can be worked entirely online. It might surprise you that you can even negotiate ways at your current 9 to 5 to move to remote work or find a good job match in your expertise that is 100% remote.

How do I become a digital nomad?

The first step to becoming a digital nomad is to take action.

Make a plan and figure out what kind of job you’ll do, where you want to take your life as a digital nomad, if you’ll travel alone or with someone or in a community, and hash out all these details.

 

When transitioning to a virtual job, this new job won’t be considered stable, at least not at first, so it’s a good idea to have an emergency fund and emergency travel fund in place.

 

Save up money to grow these savings accounts which can act as a cushion if you lose your job, get dropped by a client, have extra travel expenses that arise, or for any other purpose.

 

Here are the steps to start your path as a digital nomad:

  1. Start saving
  2. Reduce your expenses
  3. Cut off location-based expenses
  4. Make your travel plan
  5. Join a community
  6. Find a job
  7. Start your journey

How to start saving for becoming a digital nomad

We talked about starting an emergency fund and emergency travel fund. Trim your expenses to help you save at a quicker pace and this can even include taking on a temporary side hustle to grow your income.

 

Have a savings mindset which will mean saying no to drinks with your friends and ditching the weekend shopping trips for a while.

Keep your eye on the prize and remember the goal that you’re working toward.

How to reduce expenses and location-based expenses

Start by eliminating the non-essentials like cable TV, subscription boxes, food delivery and other non-essential extra costs you’re paying for every month.

 

Next, tackle location-based expenses like your housing costs, car payment, etc.

 

Continue on in your lease until it’s terminated and if you need to go beyond that, go for a month-to-month lease so you can leave at the end of the month when you’re ready to start your journey.

 

Pay off your car or get rid of it, opting for public transit for travel or walking or cycling to your destinations.

 

The goal is to streamline your costs and go as minimalist as you can because as a digital nomad you’ll want to travel light.

Think about a backpacker traveling through Europe. Everything they need is right in their backpack: passport, wallet, a few changes of clothes, and other essentials.

 

You will want to have that mindset as you transition to digital nomad life.

 

Related:

Make your travel plan

This will probably be the most fun part of the entire process. Map out your travel plan and figure out where you’ll be traveling.

Consider the locations you want to visit, the season, travel expenses, lodging, and more.

 

Will you be a solo traveler or be in a group or with your partner? What will be your preferred method of travel? Flying, by train, etc.

Get really detailed here as you don’t want to forget the important details like if stable internet will be in your area, the season aligns with your travel time (you might not want to be in India during monsoon season, for example), and more.

 

Check out Nomad List which will help you identify cool places to check out and work independently as a traveler. Their nomad list map is one of my favorite features of their site. It shows you the entire globe on a number rating based on the weather, internet speed, clean air, and many more factors. It’s really cool. You’ll want to check it out.

Join a community

Being a part of a digital nomad community will be an invaluable resource you can have in your back pocket. You’ll be able to connect with other travelers who you can share your experience with, learn from, get tips and best practices from, vent to, and more.

It’s like being on the inside track of the traveler community.

 

You will get the opportunity to mix and mingle with seasoned digital nomads who can provide a ton of help and share life lessons with you to help you avoid any pitfalls they encountered.

 

Here are some places to connect with other digital nomads:

Do some browsing online as there are many more communities out there that you can join. You don’t have to be limited to just one.

Find a job and start your journey

Lastly, find a good digital nomad job and begin your journey as a traveler. Keep reading to learn about some jobs you can pursue that work well with a remote lifestyle.

7 Digital Nomad Jobs to Work Remotely

Whether you’re a beginner or a seasoned worker in your industry, there’s something for everyone in this roundup of digital nomad jobs.

1. Virtual assistant

A virtual assistant is someone that helps clients virtually. It’s like an online admin or a personal assistant online. The tasks you do might include:

  • Scheduling social media
  • Answering emails or phone calls
  • Scheduling meetings and events
  • Organizing files and spreadsheets
  • And, more!

The work you do will vary based on the needs of your client. VA’s can earn up to $10 to $100 per hour depending on the industry and your skill set.

 

You can find jobs in freelance work sites like Upwork, online job banks like Indeed or social media networks like LinkedIn.

 

Places that are hiring VA’s include:

This job requires no college degree or specialized background. It’s a great job for introverts.

2. Graphic designer

Graphic design involves designing graphics like social media posts, book covers, web pages and more.

If you’re a creative and you can use graphic design software like Photoshop or Canva, then this job is for you.

 

You’ll have plenty of options working as a designer as well as the ability to sell your own designs online for passive income.

 

You can go freelance and work with clients you want to, doing it fully independently as your own business. You can also choose to work for a design agency or in a single role for a larger client. Or both!

 

You can snag graphic design jobs in the same places mentioned for VA work: Upwork, Indeed, and LinkedIn.

3. Writer

For writers you literally just need yourself and a computer. Then, you can work anywhere!

Writers can earn up to $10,000 per month or more. You’ll make the most money if you pick a niche and stick to it, like being a food writer or a B2B writer, for example.

 

You can find freelance writing jobs on sites like Solid GigsContenaMedia BistroProBlogger, or you can reach out directly to a publication you want to write for (which is how I got my first freelance writing gig).

 

Also look on LinkedIn in their freelance listing of jobs and utilize Facebook Groups that post freelance writing jobs by searching for “Freelance writing” or “Freelance writers” in the search bar on Facebook and filter by Group.

4. Digital publisher/influencer

You might have seen many influencers across social media touting their lifestyle traveling and working abroad. This can be you!

If you’ve got a presence on social media like YouTube or other platforms, monetize it and get paid to influence.

Here are some ways you can make money as a digital publisher or influencer:

  • Brand deals or sponsorships
  • Virtual and in-person speaking and meet ups
  • Affiliate marketing
  • Selling your own digital products like online courses

You’ll have a lot of flexibility and freedom and this is the kind of job where you might not be glued to a laptop all day, like if you were a VA or writer, for example.

 

Read these helpful resources for more on making money as an influencer:

5. Social Media Manager

Social media managers get paid to manage social media for their clients. The work you do might include:

  • Creating social media posts, graphics, and captions
  • Building a social media calendar
  • Engaging with fans
  • Monitoring data/analytics
  • And, more!

Social media managers can make up to six figures or more per year.

You can find jobs on freelance job boards, through networking, groups, and on social media.

 

Learn more about how to become a social media manager.

6. Vlogger/ Sell Your Travel Videos

If you love documenting your life and travels, you could make money selling your videos and set up a YouTube channel. Your channel can serve as both your portfolio for video projects and create vlog series, review products, and more.

 

After you reach 1,000 subscribers on YouTube, you can then you can begin monetizing your videos with ads.

More ways to make money as a vlogger:

  • Sell a video course on Teachable
  • Sell your videos on site like Uscreen
  • Freelance out your video editing skills

7. Blogger

A blogger is a digital publisher that gets paid to write their blog. Your blog can be centered around a specific niche like food, travel, finance, or any topic you’re passionate about. You write about this topic to an interested audience and make money through these routes:

  • Brand deals/sponsorships
  • Advertising
  • Your own products like ebooks, online courses, coaching, etc.
  • Affiliate marketing

To get started creating your own blog, head to Bluehost where you can grab your domain and hosting for only $2.95 a month – a price I negotiated specifically for my readers. For more on how to make money blogging, read about these 10 effective ways to make money blogging.

More Digital Nomad Jobs to Explore:

There are tons of ways to work remote and make money, it doesn’t necessarily have to be a laptop based job.

Some more digital nomad jobs and ideas to explore include:

  • Housesitting and pet sitting for others as you travel and island hop on Trusted Housesitters and Rover
  • Do side gigs on delivery apps like DoorDash and Instacart in whatever city you are in that week
  • Pitch in and help on farms and other people’s properties. Find these jobs on WWOOF.

Pros and Cons of Being a Digital Nomad

As with anything, there are advantages and disadvantages to being a digital nomad. Let’s explore them.

Pros

  • Freedom and flexibility to work where you want
  • You make your own schedule
  • Unlimited income potential
  • Travel abound

First, it’s undeniable that the freedom and flexibility of working an independent lifestyle is a draw for many people. You’ll get the opportunity to plan your own dream schedule, work when and where you want, draw an unlimited amount of income and as far as traveling goes, nothing is off limits.

Cons

  • You won’t get the opportunity to plant your roots, meet people in the community long term, make friends and socialize one-on-one since you’ll be traveling
  • Away from friends, a family, and support system
  • The different laws between states and countries can pose a challenge

As long as you know what you’re getting yourself into and are expecting to be pretty adaptable, you will find very few cons to working remote.

Final Thoughts

If this is something you’re curious about, these 7 jobs are an opportunity to get you there. Your dream of being location independent is within reach.

 

Start searching for areas you want to explore and doing small gigs online to build experience and portfolio. Once you have your destination(s), you will be ready to have a solid income stream together.

 

What do you think about digital nomadism? Was this article helpful? Let us know in the comments below!

 

This article originally appeared on ILiketoDabble.com  and was syndicated by MediaFeed.org.

More from MediaFeed

38 ways to earn passive income

 

Having more than one source of income is pretty common these days. For some people, it’s a way to make ends meet. For others, it’s a way to grow their wealth. It can also be a way to feel more financially secure. If one source of income dries up, there is another that can fill in the gap. While a common source of income is the type earned from a regular job, there is also passive income.

 

Creating and managing passive income streams isn’t a passive activity. It requires upfront work and sometimes investment to build up a source of passive income. Depending on what your passive income source is, such as a blog or podcast, it may require you to put in time each week to keep it earning you cash.

 

Related: 25 things to know when renting out an Airbnb

 

 

Khosrork/ istockphoto

 

Passive income is money that you earn without active involvement. In other words, it is income that isn’t attached to an hourly wage or annual salary. Passive income streams could include things like cash flow from rental properties, dividend-yielding stocks, sales of a product (that requires little or no effort), royalties and more.

 

SARINYAPINNGAM / istockphoto

 

In addition to passive income streams, there are other types of income you can earn:

  • Earned income: This is the most common type of income
  • — money you make from a job. With earned income, you are trading your time for money.
  • Profit income: Profit income comes from the sale of a product after expenses have been deducted.
  • Interest income: This can be money earned from one entity lending to another entity, such as a person, company or bank. This can also be referred to as interest from accounts such as savings accounts and certificates of deposit (CDs) in which you receive a 1099-INT at the end of the year.
  • Dividend income: Most dividend income is earned by the distribution of income from companies to shareholders owning stocks that pay dividends.
  • Rental income: Rental income is earned when you rent or lease a house, car, or other property you own to someone else.
  • Capital gains: This generally refers to profit (or gain) that is subject to taxation when you sell an asset such as stock or real estate. There are both long- and short-term capital-gains tax rates depending upon how long you held the asset before sale.
  • Royalty income: Royalty income is generated when you own the rights to a piece of art, music, literature or another asset licensed for other people to use, or from the extraction of oil, gas, or minerals.

 

Pinkypills / istockphoto

 

There are only 24 hours in a day. If you go to a job each day that pays you a set amount of money, that is the maximum amount that you’ll ever make in a 24-hour period. That is called earned income.

 

By investing some of that earned income and creating sources of passive income, you may be able to increase your earnings. Diversifying your income stream may also improve your financial security.

 

Depositphotos

 

  • More free time: By earning money through passive income sources, you might be able to free time in your schedule. You may choose to spend more time with your family, pursue a creative project or new business idea, or travel the world.
  • Financial security: Even if you still plan to keep your 9-to-5 job, having multiple sources of income could help increase your financial security. If you lose your job, become sick or get injured, you may still have money coming in to cover expenses. This is especially important if you are supporting a family.
  • Tax benefits: You may want certain legal protections for your personal assets or to qualify for tax breaks. Consulting with an attorney and/or tax advisor to explore setting up a formal business structure like a sole proprietorship, a limited liability company (LLC) or a corporation might help you decide if this is a good route for your particular situation.
  • Location flexibility: If you don’t have to go into an office each day, you’ll be free to move around and, possibly, live anywhere in the world. Many passive income streams can be managed from your phone or laptop.
  • Achieve financial independence: The definition of financial independence is having enough income to cover your expenses without having to actively work in order to cover living expenses. This could allow you to retire early and have more freedom to live your life the way you choose. Whether you’re interested in retiring early or not, passive income can be one way to help you reach financial independence.
  • Pay off debt: Passive income may help you to supplement your income so that you will have the opportunity to pay off any debts more quickly.

 

Depositphotos

 

Although it might sound like a dream come true to quit your job and travel the world, earning through passive income is not quite that simple.

  • Earning passive income is not a passive activity: Whether you earn passive income through a rental property, running a blog or in another way, you will still need to put in some time and effort. It takes time to get these income sources up and running, and they don’t always work out as planned. If, for example, you run an Airbnb, you have to maintain the property, ensure a high-quality experience for guests, and address any issues or concerns guests may have to secure positive reviews.
  • Passive income requires diversity: In order to earn enough passive income to quit your job and cover all your expenses, you would most likely need more than one source of income. Although you may no longer need to clock into a 9-to-5 job, you will likely still need to spend time managing multiple income streams.
  • It’s lonely at the top: It might sound great to never have to go to the office again and to have the freedom to travel, but earning money through passive income can become lonely. Not having anyone to talk to during the day might make you feel lonely, and if you aren’t self-motivated, you may find it difficult to stay on task if you need to manage your passive income streams.
  • Getting started may require investment: Depending on how you plan to earn passive income, it may require an initial financial investment. You may need money for a down payment on a rental property, the development of a product you plan to sell or for investment into dividend-yielding stocks.

 

Depositphotos

 

There are a number of ways to earn passive income. Some options, like the following, take relatively little active supervision.

 

 

SIphotography / istockphoto

 

By simply putting your money in the bank, you may be able to start to earn passive income on it. If you invest in an FDIC-insured account, the first $250,000 of your money is protected. There are both banks and online platforms that offer high-yield savings accounts.

 

 

DepositPhotos.com

 

Although this may take an up-front investment, buying into a business and becoming a silent partner can be another passive income source.

 

 

DepositPhotos.com

 

Using a peer-to-peer or crowd-lending website, you can be matched to an individual seeking a loan and lend your money as an installment-type loan, earning interest on it. You might earn even more than from a bank, depending on the loan.

 

 

AndreyPopov/istock

 

Another popular passive income source is rental property. You might want to purchase a home to rent out to an ongoing tenant or list a property on a short-term rental site like Airbnb. Hiring a property management company lessens your day-to-day involvement, thereby making this venture more passive than active.

 

 

DepositPhotos.com

 

If you don’t have thousands of dollars to spend on a piece of property, you can always check out your options on crowdfunded real estate sites like Fundrise and CrowdStreet. For Fundrise, you only need $500 to start.

 

 

DepositPhotos.com

 

There is no guarantee that investing in dividend-paying stocks will continue to earn you passive income, but some investors may enjoy the thrill of the ups and downs of the stock market. Dividend-paying stocks typically pay investors quarterly or annually and often allow investors to reinvest the dividends.

 

 

DepositPhotos.com

 

If you’re just getting started with investing, you may want to use automated investing tools to help you choose the appropriate allocation of assets for your goals.

 

AndreyPopov / istockphoto

 

When you open your retirement account, you can choose to invest it however you want. One way to earn passive income on a retirement account is through mutual funds. You can choose the level of risk you want to take with your money by finding a mutual fund that is higher or lower risk.

 

 

Flickr: American Advisors Group

 

When you join a company’s affiliate program, you earn a commission from every product that someone purchases from that company. All you have to do is post the link on your blog, website or social media pages. Amazon Associates is a great place to start.

 

 

CarmenMurillo / iStock

 

Another one of the best passive income opportunities is renting out your car on a site like Turo. It’s basically the Airbnb of cars, and, according to Turo, the average annual income for one car on the site is $10,516.

 

 

DepositPhotos.com

 

If you have a clean driving record and a newer car, consider getting in touch with a car advertising agency. You simply drive around town with ads on your car and easily earn passive income.

 

 

kzenon/istock

 

Do you have space in your driveway that you aren’t using? Then rent it out on platforms like Stow It, where you can find people who will pay to rent out the space.

 

 

KatarzynaBialasiewicz/istock

 

If you have extra space in your garage, shed or storage unit, then you could earn passive income by using a peer-to-peer storage site like Stashii to find people who need your space.

 

 

DFTidrington / istockphoto

 

You may not have space to store other people’s things, but you might consider investing in a real estate investment trust (REIT) that focuses on storage units. For example, one option is Public Storage, which has ownership or interest in 2,548 properties located in 38 states.

 

 

DepositPhotos.com

 

Perhaps you don’t have a car, but you do have a bike that’s just sitting around. Your bike could be a lucrative passive income source, especially if you live in a high-traffic area. List your bike on Spinlister to get started.

 

 

DepositPhotos.com

 

Even if you don’t own a rental property, with your landlord’s permission, you may be able to rent out a room in your apartment or list it on Airbnb and start adding to your passive income streams.

 

 

DepositPhotos.com

 

If you love pets, you can earn passive income by welcoming pets into your home while their owners are on vacation. For instance, you could charge $30 to $80 per day just for running a doggy daycare. You can gain clients through word of mouth or use a site like Rover to find customers.

 

 

DepositPhotos.com

 

When your friends go out of town, they may need someone to stay in their home and do simple things like water their plants and collect their mail. You can easily make money and have somewhere new to stay for a little bit. Along with making yourself available to friends, you can sign up to be a house sitter on HouseSitter.com.

 

 

Valeriy_G / iStock

 

Some domain names are cheap, while others cost a lot of money because they are in high demand. One thing you could do to start another passive income stream is to purchase domain names you think will be popular. Purchase low for around $10 to $100 and then sell them for a much higher price later on.

 

 

DepositPhotos.com

 

Have you ever done a home improvement project that required you to purchase tools? You may never need to use those tools again. Thankfully, now you can rent tools, and rent out your tools, on peer-to-peer platforms such as Sparetoolz to earn passive income.

 

 

artisteer / istockphoto

 

Let’s say you don’t have any songwriting ability, but you would like to make money on other artists’ work. You can invest in royalties through Royalty Exchange and earn passive income on the intellectual property.

 

 

Drablenkov / istockphoto

 

You can make thousands of dollars per month if you own a billboard where companies can advertise their products and services. Do your research and make sure you get the right permits before committing to a billboard.

 

 

Zyabich/istock

 

If you don’t have the time or energy to create content for your own blog, then look into ones that are already successful and see if the owners are willing to sell. You could also hire someone to manage your blog so that you’re truly earning in a passive way.

 

 

DepositPhotos.com

 

If you have a special skill or knowledge about a certain topic, you may be able to create a video course where you teach people about that topic and charge them to take the course.

 

 

fizkes/ istockphoto

 

You may want to research online platforms where you can sell everything from digital art to e-books. Whether you’re an artist, graphic designer or writer, you can create digital products to sell online.

 

 

DMEPhotography / istockphoto

 

Many companies, bloggers and individuals use stock photos on a regular basis. You may be able to upload your best photos to stock photo sites and earn passive income on them.

 

 

DepositPhotos.com

 

If you’ve been dreaming about an amazing phone app that you think a lot of other people would use, you may want to look into hiring a development team to create it.

 

 

DepositPhotos.com

 

You may be able to earn passive income through sales of a product that you create. This could be a book that you write or a physical product that you design and make. You might also list items you already own on sites like eBay and earn extra income through those sales.

 

 

CrispyPork/ istockphoto

 

Do you love to write songs? Then you could license your music and start to earn passive income. You’ll just have to team up with a music licensing company to get started.

 

 

Rohapp

 

Through platforms like Amazon’s KDP, you can self-publish a book and earn a royalty on it every time someone makes a purchase. You will be able to set the price of your book and be in full control of your book’s Amazon page, where you can list pictures of the book, reviews and videos promoting it.

 

 

DepositPhotos.com

 

You can start selling books online without having to write anything. How? By focusing on blank books, such as journals, sketchbooks and planners. Simply find a design you believe will appeal to people and begin collecting royalties when people buy your books.

 

 

dmitriymoroz/istock

 

Another artistic endeavor that could be a good passive income stream is creating greeting cards that you sell to a wholesale or retail stationery company that accepts independent artist submissions.

 

 

VictoriaBee / iStock

 

If you want to sell products online but don’t want to store any of the goods, you could always look into dropshipping to earn passive income. With dropshipping, you don’t have to have much money to start since you don’t need inventory to fulfill orders for customers.

 

 

Depositphotos

 

If you like to write and are passionate about a certain topic, you might want to start a blog and earn money through ads and affiliate links.

 

 

DepositPhotos.com

 

If you enjoy creating videos more than writing, then consider starting your own YouTube channel. Once you get enough viewers, you can earn passive income through YouTube advertising.

 

 

DepositPhotos.com

 

Podcasts are all the rage, and they can generate some passive income streams for you. If you start a podcast that resonates with people, then you can grow your audience and monetize your show by sponsoring with ad partners. If you get enough listeners, you may be able to sign up for podcast advertising networks.

 

 

vadimguzhva / istockphoto

 

When people are out at a bar or nightclub or they’re frequenting a cash-only business, they may need cash right away. If you own an ATM business and you place your ATM in high-traffic locations, you could start to earn passive income through surcharge fees. Typically, you could earn around $3 per withdrawal.

 

 

DepositPhotos.com

 

Similar to an ATM business, a vending machine business allows you to use your creativity and determine high-traffic areas where you could make a lot of money. If you buy in bulk, you’ll be able to save on the snacks and drinks you purchase for your machines.

 

 

DepositPhotos.com

 

No matter which type of passive income you choose to pursue, it’s important to keep track of your finances and both your short-term and long-term financial goals.

 

Tracking multiple sources of income in a monthly budget can be a complex task. To be profitable, it’s important to pay attention to how much money you put into the maintenance of your passive income stream(s), such as property upkeep or monthly online services.

 

Portra

 

Establishing passive income streams is one way to diversify your income and can help you build wealth and achieve financial freedom in the long term. There are a variety of ways to earn passive income, such as through investing, rental properties and earning royalties. Some passive income sources require a financial commitment upfront, such as purchasing a rental property, and others may require a time commitment.

 

Learn more:

This article originally appeared on SoFi.comand was syndicated by MediaFeed.org.

 

SoFi Money
SoFi Money is a cash management account, which is a brokerage product, offered by SoFi Securities LLC, member FINRA/SIPC. Neither SoFi nor its affiliates is a bank. SoFi Money Debit Card issued by The Bancorp Bank. SoFi has partnered with Allpoint to provide consumers with ATM access at any of the 55,000+ ATMs within the Allpoint network. Consumers will not be charged a fee when using an in-network ATM, however, third party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.

SoFi Invest
The information provided is not meant to provide investment or financial advice. Investment decisions should be based on an individual’s specific financial needs, goals and risk profile. SoFi can’t guarantee future financial performance. Advisory services offered through SoFi Wealth, LLC. SoFi Securities, LLC, member FINRA/SIPC. SoFi Invest refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.

1) Automated Investing—The Automated Investing platform is owned by SoFi Wealth LLC, an SEC Registered Investment Advisor (“Sofi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC, an affiliated SEC registered broker dealer and member FINRA/SIPC, (“Sofi Securities).

2) Active Investing—The Active Investing platform is owned by SoFi Securities LLC. Clearing and custody of all securities are provided by APEX Clearing Corporation.
3) Cryptocurrency is offered by SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.

For additional disclosures related to the SoFi Invest platforms described above, including state licensure of Sofi Digital Assets, LLC, please visit www.sofi.com/legal. Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform. Information related to lending products contained herein should not be construed as an offer or pre-qualification for any loan product offered by SoFi Lending Corp and/or its affiliates.

SoFi’s Relay tool offers users the ability to connect both in-house accounts and external accounts using Plaid, Inc’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score provided to you is a Vantage Score® based on TransUnion™ (the “Processing Agent”) data.

External Websites: The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

Third Party Brand Mentions: No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third party trademarks referenced herein are property of their respective owners.

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.

 

designer491/ iStock

 

 

monkeybusinessimages / istockphoto

 

Featured Image Credit: DepositPhotos.com.

AlertMe