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
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
A decade of no-growth for investments makes it difficult for people to save for retirement. When our investments aren’t making the return necessary to reach our retirement goals, we need to compensate for this by...Read More
Your savings rate, particularly when you’re young, has a much greater affect on your wealth accumulation than higher returns do. The reasoning for this is simple. When you’re portfolio is small, you’re...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.