In this video, Lincoln explains SoFi Bank's upcoming member deposit growth strategy, which Anthony Noto is calling SoFi Plus. How will SoFi Plus work? How Much will it cost? How will it help SoFi become profitable? We'll answer all of those questions and more. 🤑 Get started investing with a free stock from Robinhood: http://join.robinhood.com/lincold1 See your 2020 Robinhood recap here: https://robinhood.com/us/en/2020-recap/ ⏳ Timestamps 0:00 Intro 1:32 SoFi Controls its Lending Technology End to End 1:50 SoFi is Prepared for Uncertain Market Environment 2:07 Demand for SoFi Loans is Healthy 3:57 SoFi Will be GAAP Profitable in 2024 4:52 SoFi's Bank Charter is Going Great 12:29 Legacy Banks Can't Compete With SoFi's Perks 7:57 SoFi's Financial Services Productivity Loop Explained 9:33 SoFi Plus Explained 9:36 Anthony Noto Explains SoFi Plus Plans 10:54 The Strategy of SoFi Plus 12:38 SoFi Plus Will Drive Revenue Growth in Lending Segment 13:29 How SoFi Will Become Profitable by 2024 14:33 Trust in Anthony Noto's Management 15:35 SoFi Plus Just Makes Sense 🧠 Here are more videos on the related knowledge: - My $255,000 Growth Stock Portfolio: https://youtu.be/_xQaCmtOok0 - What are stocks? https://youtu.be/XkpBJ9OTfiE - Robinhood Crash Course - Start Investing With $1: https://youtu.be/mNb_WK6FdnQ - How Does Robinhood Make Money? https://www.youtube.com/watch?v=MDdm39t3PJo - How to Protect Your Robinhood Account: https://www.youtube.com/watch?v=x15NSWPHPdM - Yes, Stocks Go Down: https://www.youtube.com/watch?v=zAg_9hhjrDo - What are warrants? https://youtu.be/GDZnMxiIWRA - What are Special Purpose Acquisition Companies (SPAC)? https://youtu.be/QnFwygMDbOE - Why are SPACs big deals for retail investors? https://youtu.be/gkmk6fmeAgs - What are the dangers of SPAC warrants? https://youtu.be/L1Edod5AmGk - Why I'm Investing $29,000 in $SBE Chargepoint: https://youtu.be/YrWR019uAZg ☘️ Join our Private Patreon Community: If you would like to support the channel, get priority answers from me, and help me grow Bull Academy, you can become a patron at http://Patreon.BullAcademy.org Sources: - https://youtu.be/lNfQ3tHxFfI ----------------------------------------------------- 🤑 Get started investing with a free stock from Robinhood: http://join.robinhood.com/lincold1 🙏🏾 Thanks for watching http://BullAcademy.org with Lincoln W Daniel ---------------------------------------------------- DISCLAIMER: This and all of my videos are for entertainment purposes only. My statements are my opinions and should not be accepted as financial advice.