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Earn Free Money and Stock Through SoFi!

Chris Carley by Chris Carley
November 19, 2020
in Travel Related
0
Earn free money or stock!

Advertiser Disclosure: Eye of the Flyer, a division of Chatterbox Entertainment, Inc., is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact how and where card products appear on the site. This site does not include all card companies or all available card offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities. Some of the links on this page are affiliate or referral links. We may receive a commission or referral bonus for purchases or successful applications made during shopping sessions or signups initiated from clicking those links.

Many people need some extra money right now. Perhaps their income has been reduced. Maybe their COVID relief/unemployment is running out. Others need a way to figure out how to pay for Christmas gifts. Or maybe some folks just want to make some investment money.

Well, here’s some good news!

Two different SoFi referral offers allow you to earn some relatively passive income. One involves their SoFi Money product, and the other gives you free money in their Invest program.

You can make money from signing up — and even more cash for referring others to SoFi!

I’m a member of both and really like SoFi. Their investment product, in particular, is great — especially for people interested in dipping a toe into the stock market.

Free Money from SoFi Money

The first option is the easiest and most convenient.

Open a SoFi Money account and deposit at least $500. Let it sit there and earn a little interest. After about $30 days, you’ll receive a $50 bonus deposit in your account. Easy peasy. You can transfer the money to another bank account or use the SoFi debit card they’ll send you.

a blue card with white text

I originally planned on getting my $50 — and then yanking my money out. But the SoFi Money interest rates were better than I get at my “usual” bank. So I’ve stayed a customer longer than I expected!

Free Stock in SoFi Invest

The other program gives you $50 in free selected stock when you open a SoFi Invest account and fund it with at least $1,000. Some of the stocks you can select are heavy hitters such as Amazon, Disney, Tesla, Apple, and Nike.

a blue background with white text

I’m a SoFi Invest member and really enjoy the platform. Buying and selling stocks is very simple. Plus, you can purchase entire or fractional shares of many stocks.

For example, if you want to buy some shares of Moderna (MRNA), you’d have these options:

Buying Moderna stock through SoFi
(Disclosure: I own Moderna stock.)

There’s also a fun “Leaderboard” feature where you can see where others are making some stock money. It’s a good way to get stock ideas. And, for what it’s worth, I know a few people who swear by Motley Fool for stock advice and easily make back their subscription fee.

Make Even More Money By Referring Others!

Once you become a member, you can refer interested family, friends, your significant other, coworkers — you get the point. You’ll earn $50 in SoFi Money for each successful referral (up to $10,000 a year in referral bounties).

So if you’re a SoFi Money member but your significant other isn’t, refer him or her! That’s a pretty easy way for you to get $100. Same thing with the SoFi Invest platform — though the $1,000 minimum deposit may be onerous for some.

Final Approach

While not necessarily points and miles earning-related, using the SoFi Money and SoFi Invest opportunities can earn you some extra spending money — which you can drop on flights, hotels, or whatever you want.

Advertiser Disclosure: Eye of the Flyer, a division of Chatterbox Entertainment, Inc., is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact how and where card products appear on the site. This site does not include all card companies or all available card offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities. Some of the links on this page are affiliate or referral links. We may receive a commission or referral bonus for purchases or successful applications made during shopping sessions or signups initiated from clicking those links.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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Chris Carley is the owner, editor, and lead writer of Eye of the Flyer (formerly known as Rene's Points).

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