Once he realized how valuable this tactic was, he used it for his car and mortgage payments, too.
"I just went through my loans in the order of the interest rate, and so the highest one first," he explains. "I started paying that off, and then transferring it."
After five years, Jacobson had paid off those student loans. Within a decade, he was 100% debt-free and financially independent — as was Winnie, the woman he married along the way.
But the family's far from finished with the lucrative game Jacobson had discovered in hacking credit card offers to get ahead.
"We're about to go to Europe for four months, and about $10,000 of that trip will just be free hotels and free flights from credit cards," he says.
Ready to become debt-free?
Prioritizing debt repayment and finding out-of-the-box ways to speed up the process is a huge part of how Jacobson was able to retire to travel the world with his wife and son.
They catalog their journeys — and their smart financial moves — on their blog, Go Curry Cracker.
And when I say smart, I'm not kidding. Here's a post on how they'll avoid ever paying taxes again.
Obviously, I asked him for his best financial advice for others looking to rid themselves of debt nd gain financial independence. His answer was way simpler than I expected.
"The main thing is just to make sure you don't get sucked into lifestyle inflation," he explains.
Don't pay attention to the bloated lifestyles and spend, spend, spend advice of the people around you — they probably aren't money experts, after all.