By Len Penzo
Internationally-known daredevil Karl Wallenda earned his fame by performing acrobatic acts high above the ground — without a safety net.
For years, Wallenda had performed his dangerous stunts countless times without incident, but on March 22, 1978, his luck finally ran out. While walking 121 feet above the pavement on a high-wire stretched between two towers of a Puerto Rico hotel, an unfortunate combination of improper rigging and strong wind gusts
Continue reading 9 Important Tips for Managing Financial Risk
By Len Penzo
Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times, well … not so much.
I recently explained why I believe an economic collapse is inevitable and what it would look like.
If history is any guide, the good news is that economic collapse won’t result in
Continue reading Economic Collapse 101: Ten Ways to Prepare for the Unknown
By Len Penzo
It takes courage to face the bogeyman.
I bet many of the good folks in Great Falls, Montana, were more than a little worried earlier this month after a local television station there sent out an ominous message warning viewers that the dead were “rising from their graves and attacking the living.”
Hold on, hold on. Before you grab your shotgun and hunker down in the basement, consider this: It turns out
Continue reading Economic Collapse 101: What It Will Look Like, and How It May Start
By Len Penzo
Sometimes it’s not easy being an ant. Especially when you’re living among a bunch of grasshoppers.
There’s a well-known Aesop fable about an oblivious grasshopper who spent his summer days living the high life and mocking an industrious ant, who was busy building a shelter and storing food for the coming winter.
Of course, we all know how that worked out for the grasshopper. After winter arrived, the well-prepared ant found himself
Continue reading Comparing the Costs of Various Emergency Food Supply Options
By Len Penzo
Risk and reward are inextricably intertwined. Of course, the richest rewards come to those who are willing to take the biggest risks. The oft-forgotten corollary to that strategy is that, by its very nature, high risk endeavors also have a greater chance of failure. That’s why most successful entrepreneurs and investors carefully evaluate risks and identify corresponding contingency plans before making a big decision.
The bottom line: Whether it’s a significant
Continue reading 100 Words On: How Smart People Make High Risk Ventures Pay Off
By Len Penzo
The face value of this silver quarter is 25 cents, but it's really worth a whole lot more.
Back in 1964, a gallon of gasoline cost about 25 cents in the United States. That’s right. Believe it or not, way back in 1964, you could buy a gallon of gas for a quarter.
It just so happens that 1964 was the last year that the US Treasury minted silver coins, including
Continue reading Silver and Gold: The Superheroes of Wealth Preservation
By Len Penzo
I’m not a big football fan. Oh sure, I occasionally enjoy watching football on television. But, unlike hockey and baseball, I rarely bother buying tickets to attend football games in person.
That being said, this past weekend my buddy had an extra ticket to a college football game between USC and Arizona State, so I eagerly tagged along.
Anyway, as I was sitting in the Los Angeles Memorial Coliseum blissfully watching the
Continue reading Why Close Is Often Good Enough When Managing Your Money
By Sabado Domingo
When you are interested in investing some of your funds, it is important to consider what your feelings are as an investor. You should consider whether you’re someone who is open to the possibility of taking on some extra risk. You should also consider whether taking on extra risk makes you feel uncomfortable. And you’ll also want to consider whether you want to meet with a financial planner to obtain
Continue reading Risk vs. Reward: 3 Important Investment Strategies to Consider
By Guest
In Alexa Russell’s post today, she writes about how, for some non-Americans, investing in an English bachelors degree or higher, can lead to employment in SEO, technical writing and online content management. Alexa has authored several pieces on the jobs available to English degree graduates.
Although an English degree might not end up on Len’s list of the 10 worst things ever bought, it might not be far from the truth
Continue reading One Key Situation When an English Degree May Be a Sound Investment
By Len Penzo
As this penny illustrates, even the United States Mint occasionally makes money mistakes.
I’m not ashamed to admit I’ve made more than a few mistakes in my lifetime. After all, everybody screws up occasionally; for us humans, mistakes come with the territory.
For example, I remember the time I decided it would be great fun to play Wii golf for eight consecutive hours. So I did.
Unfortunately for me, my middle-aged left
Continue reading The 50 Biggest Money Mistakes Household CEOs Make
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Disclaimer This site is for informational and entertainment purposes only, and the content herein should not be mistaken for professional financial advice. Ultimately, you and you alone are responsible for the decisions you make in life, so please contact an independent financial professional for advice regarding your particular situation.
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Economic Collapse 101: What It Will Look Like, and How It May Start
It takes courage to face the bogeyman.
I bet many of the good folks in Great Falls, Montana, were more than a little worried earlier this month after a local television station there sent out an ominous message warning viewers that the dead were “rising from their graves and attacking the living.”
Hold on, hold on. Before you grab your shotgun and hunker down in the basement, consider this: It turns out
Continue reading Economic Collapse 101: What It Will Look Like, and How It May Start