March was a busy month. I sold a portion of my online business (nothing related to this website), which means I’ll be getting a chunk of money in April that will definitely help me reach my goals for the year. The stock...Read More
The Dow, which serves as a proxy of the stock market overall, just set a new nominal record today. Obviously, the market will do this often over time (assuming it always continued to go up over the long-run). However, each time...Read More
Things didn’t turn out as well in February as they did in January, largely because I owed almost $5k in taxes and had previously anticipated/saved only $1.5k. This is the reason our net worth remained flat, yet we were...Read More
A tax deduction reduces your taxable income by the amount of the deduction. So if you receive a $5,000 deduction, then your taxable income is reduced by $5,000. The tax savings is the product of the deduction and your marginal...Read More
I’m Will, the creator of HackingTheBank. No, this site isn’t about actually hacking banks. This blog is all about maximizing personal finance decisions so that we win instead of the banks.
I started this blog in 2010 when I graduated college with $43k of student loans and a negative net worth. Since then I’ve achieved milestones like getting married, buying a house, and tripling my income. During this time my wife and I managed to earn over 12,000,000 miles and points and used those points to travel to over 50 countries. And all of these points came from banks; neither of us travel for work.