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
We all know that investing over time is the key to obtaining the wealth that we desire. Without investing in some form, dollars stuck under our mattress are eaten away by inflation, and we have to save at least $1 today for...Read More
Social Insurance originally began in the late 1800s in Germany, and by the time the U.S. adopted its Social Security program in 1935, about 20 countries already had similar programs in effect. The basic idea behind social...Read More
I will never be one to “punish” people for becoming wealthy. I don’t believe that obtaining wealth is some type of sin. But when Warren Buffet speaks, I tend to listen. In 2010, Warren Buffet paid $6,938,744 in...Read More
I’m sure there are very few of you who will care, but I was interested in seeing if IRA contributions will increase anytime soon. They’ve been the same ($5,000) since 2008 so it seems like it should be time for an...Read More
When making any financial decision it’s always useful to have as much information as possible. There’s no time when this is more important than deciding whether you have the ability to retire or not. In its surveys,...Read More
If you follow the market at all, then you know that the Facebook IPO is today. Originally set to open between $28 and $35, Facebook (Ticker: FB) will actually open by selling 421 million shares at $38 per share. This means that...Read More
I’m young and barely starting my career, which means that I come in contact with a lot of young people who are in the same position. Mid-twenties and making real money for the first time. It never fails to surprise me how...Read More
Young investors are being hammered with information about investing early. Everybody in their 20s has heard of the benefits of compounding in some form, and that’s a very good thing. The benefits of compounding are real...Read More
Since the proliferation of the internet, the cost of stock transactions has decreased significantly for consumers. What used to be conducted in person or over the phone, can now be done online with the click of a button. As more...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.