All the negative talk about the American economy has me wondering about the average credit score of Americans. As you may be aware, the U.S. government has faced its own credit downgrade. Did we deserve to be downgraded? Well,...Read More
When economic times are good, statistics like the average household credit card debt aren’t as interesting. People are employed and they’re able to get loans for just about anything they want. When the economy goes...Read More
It’s clear that the depressed housing marketing is going to continue to place a drag on the economic recovery. Recognizing this, President Obama recently proposed a new mortgage refinancing program that would provide...Read More
Although I’ve never personally had any debt sent to a real collector, I know there are many people who have. When dealing with any type of collections, it’s very important to know your rights. Companies attempting to...Read More
Every year, thousands of investors eagerly await Berkshire Hathaway’s Annual Shareholder Letter to gleam new insight from Warren Buffett himself. Buffett is the wealthiest investor alive and tends to be surprising candid....Read More
When you purchase a home, taking out a 30-year mortgage and paying on it for the next 30 years is easy. But, surprising, so is taking out a 30-year mortgage and paying it off in fewer years. There are a number of tricks you can...Read More
When it comes to paying off debt, there are generally a variety of ways in which you can do so. The one that, unfortunately, too many people opt for, is to simply pay the minimum payments that the lender asks for. If...Read More
Paying interest works against you in the same way the earning interest works for you. Of this, I am certain. However, as you can see in my October 2010 Balance Sheet, I have $10k in my investment account that could be used to...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.