Black Coffee: The Boom and Bust Edition

It’s time to sit back, relax and enjoy a little joe…

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.

The past, present and future all walk into a bar at the same time. It was tense.

Ahem.

Warning: It’s all downhill from here, folks.

The Way-Back Machine: Past Posts Of Mine You May Have Missed

From December 2009:

One Year

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100 Words On: Why Frugality Has Its Limits

The main benefit of frugality and saving is they’re good habits that lay a strong personal finance foundation. That being said, the frugal lifestyle definitely has its limits. Although scrimping and cutting corners can result in significant savings, at some point, it simply becomes impractical to cut anymore. Meanwhile, those trying to save their way to prosperity will sadly discover that it’s a painfully slow process.

The bottom line: Frugality has its

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Len Penzo dot Com Is Five Years Old Today!

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?

No,

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When It Doesn't Pay to Buy Big-Ticket Items on Sale

Not too long ago a twentysomething friend of mine was telling me all about the brand new big-screen television he bought. According to him, it was a great deal.

“How much was it?” I asked.

“I paid $2000 after I got the guy to knock $400 off the price tag. I couldn’t pass it up!”

“Awesome! You paid cash, right?”

“No way!” he said. “I put it on my credit card.”

“I hear ya. I

Continue reading When It Doesn’t Pay to Buy Big-Ticket Items on Sale

Black Coffee: The DMV Experience -- Coming Soon to a Hospital Near You

It’s time to sit back, relax and enjoy a little joe…

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.

I’m working this weekend, so it’s time for another espresso edition of Black Coffee.

So let’s get right to it …

The Question of the Week

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Last Week’s Poll Results

Bitcoin: Is

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3 Reasons Why Imposing a 'Parent Tax’ on Your Kids Is a Good Idea

Paying taxes is something your kids will have to deal with as adults. So why should you wait until your child’s first job to teach them about the basics of earning money and taxation?

You shouldn’t. You don’t have to either. Teach your kids by charging them the “Parent Tax.”

The Parent Tax is a simple concept: Children pay a flat-percentage tax to their parents on any money that comes into their

Continue reading 3 Reasons Why Imposing a ‘Parent Tax’ on Your Kids Is a Good Idea

What Everyone Should Know Before Depositing Their Money In a Bank

In case you’re wondering, only 10% of all humans have an “outie” belly button. At least that’s what Wikipedia claims.

For what it’s worth, like most folks, I have an “innie.”

By the way, belly buttons don’t have a monopoly on innies and outies; the financial world has them too. Specifically, I’m talking about the dangerous practice of bailouts and bail-ins that governments are employing with increasing frequency to save so-called “too

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Black Coffee: Bitcoins and the World's Most Expensive Pizza

It’s time to sit back, relax and enjoy a little joe…

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.

I hope everyone had a terrific Thanksgiving! As usual, I ended up stuffing myself, which is only appropriate for a turkey like me.

The only surprise at this year’s family gathering occurred when I cut into a

Continue reading Black Coffee: Bitcoins and the World’s Most Expensive Pizza

Why Doing Lines on Black Friday Isn’t All It’s Cracked Up to Be

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 Isn’t All It’s Cracked Up to Be

How to Make Your Dreams Come True -- Even on a Tight Budget!

Do you have a plan for the future? How about a set of goals? If you could do anything at all, what would it be?

Many of us are so busy with day-to-day life that we don’t have time to think about what we really want for the future. In fact, even if we do think about it, it can be a challenging and perplexing topic.

Goals are important. For many people,

Continue reading How to Make Your Dreams Come True — Even on a Tight Budget!

Question of the Week:

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