Yes, I’m still alive, folks.
In case you missed it … my blog ended up crashing on Saturday morning after a major malfunction at my old web host (Yahoo).
I won’t bore you with the technical details, but let’s just say Yahoo’s customer service was atrocious. In fact, after spending most of Saturday and part of Sunday on the phone with them, they essentially told me their engineers had no idea how
Continue reading My Blog Is Back! … But I’ve Still Got Some Work to Do
Inflation is a tax that doesn’t require legislative approval. Here’s why: Assume your saving account earns 3% interest. (I know; but play along.) Whether that interest is taxed at 100% in a zero-inflationary environment, or earned tax-free with 3% inflation, the end result is identical. Considering the US is mired in over $100 trillion of debt and unfunded obligations, that’s especially convenient.
The bottom line: Legislators know that imposing onerous taxes on
Continue reading 100 Words On: Why Inflation Is Taxation without Representation
Most of us learn to fear failure and avoid it at all costs. During our quest for financial freedom, however, we’ll encounter plenty of failures. Usually, we learn from them and move on. Sadly, the fear of failure is also used as a convenient excuse for some folks who dig themselves into a deep financial hole and are looking for any reason to avoid the hard work of overcoming their oppressive debt.
Continue reading 100 Words On: Why You Should Never Ever Be Afraid of Failure
Self-serve wasn't around when this picture was taken in 1939.
It’s hard for me to believe, but today is my 50th birthday.
I know, I don’t look a day over 65.
When I was a young boy, I thought 50 was ancient. Perhaps it is; but I don’t feel ancient. In fact, with only a few minor exceptions, I feel pretty much the same way today as I did when I was
Continue reading 7 Questions That Businesses Rarely Ask Their Customers Anymore
In October 2013, the US National Debt surpassed the $17 trillion mark — and by the end of 2014, the debt is expected to reach $18 trillion.
At some point, the world will finally lose faith in our currency and conclude that it no longer makes sense to store their wealth in US dollars.
When that happens, the sell-off of “the almighty dollar” will begin in earnest. As those dollars return to
Continue reading 18 Facts You Didnâ€™t Know About Hyperinflation
Never assume that just because a person holds an MBA, he knows how to run a business; the road is littered with MBA-sporting CEOs who ignominiously drove their companies into the ground. Conversely, there are just as many CEOs — guys like Microsoft’s Bill Gates and Oracle’s Larry Ellison — who achieved phenomenal success without the fancy business school sheepskin.
The bottom line: If guys like Gates and Ellison can successfully
Continue reading 100 Words On: Why You Donâ€™t Need an MBA to Manage Your Finances
All in all it was a successful year here at Len Penzo dot Com. In terms of traffic, the blog had almost one million visits and nearly two million page views in 2013.
I know. I don’t understand why either — but I’ll take it!
Anyway, thank you all for occasionally stopping by and taking a few minutes to read what I post here. I do appreciate it!
For what it’s worth, I
Continue reading A Fond Look Back at My 10 Most Popular Posts of 2013
One of the more difficult jobs any parent faces is teaching their kids the value of a dollar.Â Sadly, some kids never learn that money doesn’t grow on trees.
It may seem cruel, but parents who aren’t afraid to let their kids spend their money on ill-advised purchases — especially those with limited shelf lives — are actually doing them a favor.Â Experience is a terrific teacher and, with respect to
Continue reading 100 Words On: A Surefire Way to Teach Kids the Value of Money
I wrote my first blog post five years ago today.
Now I’ve got to be honest with you, folks: I only started Len Penzo dot Com as a way to try and keep myself from getting bored. It’s true!
Hopefully, I haven’t bored too many of you since then.
By the way, as fate would have it, this post also happens to be article number 1000! I think that’s pretty interesting, don’t you?
Continue reading Len Penzo dot Com Is Five Years Old Today!
Despite the conventional wisdom, Black Friday is not the busiest shopping day of the year. Most procrastinators know that honor belongs to the Saturday before Christmas.
Black Friday has changed over the past decade or two, and the Internet has a lot to do with that.
Remember when stores used to give away special gifts for the first 100 customers through the doors on Black Friday? I rarely see that any more.
Continue reading Why Doing Lines on Black Friday Isnâ€™t All Itâ€™s Cracked Up to Be