I think it was the Quaker Oats guy who famously declared that a penny saved is a penny earned. However, because of taxes, a penny saved is actually worth more than a penny earned. To illustrate, if you happen to be in the 10% tax bracket, every taxed dollar you earn is worth only $0.90; tack on FICA, state and other taxes and it’s worth even less.
Continue reading 100 Words On: Why a Penny Saved Is More Than a Penny Earned
I have a lot of bad habits. For example, I tend to bite my nails when I get stressed out. I also have a penchant for opening the cupboard to get a drinking glass — then walking away and leaving the door wide open. I know. I can’t explain it either, but it drives the Honeybee absolutely bonkers every time I do it.
Even so, I like to remind her that
Continue reading 50 Good Personal Finance Habits Everyone Should Follow
Welcome to the Yakezie Carnival!
First off, I’d like to say arigato to Sam for allowing me the pleasure to host this week’s carnival.
I’d also like to thank the great Chuck Norris, who was the inspiration for today’s festivities.
So, while you’re perusing some excellent articles from my fellow Yakezie members, make sure you also take a moment or two to revel in the accompanying baker’s dozen of amazing facts regarding today’s
Continue reading Yakezie Carnival: The Chuck Norris Edition
Assume you earn 4% interest in a savings account. Whether you pay a tax of 100% in a non-inflationary environment, or collect that interest tax-free with 4% inflation, the end result is the same. In other words, inflation is a tax that requires no approval from legislators. This concept isn’t lost on our government, which is currently mired in over $100 trillion of debt and unfunded obligations.
Continue reading 100 Words On: Why Inflation Is Taxation without Representation
That’s right folks; I’m sellin’ out.
It’s a new year, and so I wanted to thank all my readers here at Len Penzo dot Com by holding a very modest blog contest. Of course, I’m also hoping this little contest might end up securing me at least a few new readers too.
Who Wants to Win $100?
Now, for those of you who are stopping by Len Penzo dot Com for the first
Continue reading Len Penzo dot Com Is Giving Away $100 to a Lucky Reader!
Happy new year, readers! Like last year, I’m kicking off the start of 2011 with more fearless predictions from my old friend, the magic 8 ball.
In case you missed it, my magic 8 ball ended 2010 with an astounding 70 percent success rate. Let’s see your Ouija board try to top that!
With such terrific results, we’ve got a lot of questions this year from readers eager to get an accurate
Continue reading The Magic 8 Ball Makes Its Predictions for 2011
Flickr Photo Credit: seanmcgrath
I love my magic 8 ball! It sits in my office, right here next to the computer.
You know, I think everybody should have a Magic 8 Ball. I really do.
After all, it’s great for helping me answer life and death questions like, “Should I take the family out this evening to try that new Mexican restaurant that opened up around the corner?”
It also comes
Continue reading A Look Back At My Magic 8-Ball’s Predictions for 2010
by Gayle B. Tate
This morning I find myself running to my office with a package in hand, looking desperately for something to cut the tape with. A painting has just arrived by Priority Mail, and I can’t wait to open it. It is something that was offered by a seller through our web site and, perceiving that I got a bargain, my heart is pounding with anticipation.
I am not disappointed.
Continue reading 4 Important Art Investment Tips for Newbies and Wannabies
In case anybody is interested, here is Nina’s Halloween take this year.
I had her itemize everything in her bag when she got home Sunday night. Isn’t that terrible?
Actually, she didn’t mind at all. She happily put this together for me in no time really, all the while munching away on the stuff in her bag.
All candy bars are the “fun size” variety – no big bars this year. The Reese’s
Continue reading My Daughter’s Halloween Take for 2010
One of the joys of having an eponymous personal finance blog is I don’t ever feel compelled to ensure every article has to be about, well, personal finance.
Oh, I know what you’re thinking: but, Len, it says right there in the header that this is ‘The off-beat personal finance blog for responsible people.” That it is; just not today.
Today I once again want to address a topic that touches everybody:
Continue reading Confronting My Spelling Deemons (and Some of Yours Too)