Sign up for the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 to learn how to accumulate millions of points and miles. Plus, you can pay no annual fees if you're in the military or a military spouse.

Once you've accumuluated a lot of points, it can be tough to decide if it's a good deal to use points for a purchase or not. Jamie and Spencer break down the math of valuing points.

Just take the cash value of the flight or hotel you are trying to book, divide by the number of points required, and multiply by 100 to get the cents per point valuation.

So if the hotel is $100 and costs 20,000 points to book, that's $100 / 20,000 = .005 x 100 = .5 cents per point. If this was a Hyatt booking, that would be a bad redemption because Hyatt points are usually valued at 2 cents each.

If this was a Hilton booking, it might be worth it, since Hilton points are usually valued around .5 cents each.

We also discuss when it makes sense to use a free night certificate.

The new book is getting great reviews and is available right now at https://militarymoneymanual.com/book/ This is a short, practical guide to financial freedom. Most people are reporting reading it in an afternoon or on a short flight.

I very internationally kept it short and to the point so I don't waste your time.

Biden’s Israel Problem (Robert Wright, Derek Davison, Daniel Bessner)