The Obama administration’s decision to force out the head of General Motors should send chills throughout the private sector for years to come. President Obama continues to use the current financial crisis to undermine the free market and stretch his authority vis-a-vis the private sector in ways previous presidents never dared.
Although it is a bit late I am certain that the ex-chairman of GM, Rick Wagoner, finally realizes that
Continue reading Stop the Bailouts and Let the Bankruptcy Process Do Its Job
Yesterday my family and I got in the car and drove to Arizona for the day to see my beloved Los Angeles Dodgers play a Cactus League game against the Chicago White Sox at their new spring training complex known as Camelback Ranch.
The Dodgers lost 6-1 and, I gotta tell you, if the Dodgers don’t find some pitching help real soon it’s going to be a very long season. We
Continue reading What It Really Feels Like To Be A Millionaire
Several articles from Len Penzo dot Com were featured this week on other websites including The Carnival of Money Saving Tips, hosted at Save Few Bucks; Comics and Cents hosted at The Writer’s Coin; The Tax Carnival at Don’t Mess With Taxes; The Political Blog Weekly, hosted at US Common Sense; and, The Money Hacks Carnival, hosted at MoneyTLD.
Thanks guys for the link love!
By the way, I have started a
Continue reading Blog Carnival News and Other Link Love
It’s time to dip into the mailbag again. I always love it when I get letters — especially the more, shall we say, interesting ones.
For example, I received one letter from someone who I can only assume is a card carrying member of a militant PETA splinter-group who apparently didn’t like my post on 10 Sure-Fire Tips for Minimizing Vet Bills. Specifically, Rose Jong castigated me for subjecting
Continue reading The Middle Class Should Prepare for an Increasing Tax Burden
I like getting a refund check from the tax man during tax season. Because of that I always get chastised by somebody at this time of year telling me I’m crazy.
Indeed, most income tax experts advise us to take advantage of a tax-planning strategy that provides more take-home pay over the course of a year as opposed to a big refund once a year. The conventional wisdom
Continue reading Many Who Prefer IRS Tax Rebates Are Crazy Like A Fox
I was in heaven last week because my cable movie channel ran all five Dirty Harry movies in succession.
In Dirty Harry, during that famous bank robbery scene where Harry ends up spouting off his “Do ya feel lucky?” line, Inspector Harry Callahan gets shot in the leg. It is one of the most memorable movie scenes of all time, certainly as iconic as Sly Stallone climbing the steps of the
Continue reading Dirty Harry Teaches Us A Lesson on Opportunity Cost
The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning
Continue reading Gordon Gekko Would Be Proud: It’s Time to Let AIG Fail
I’m taking the day off today, so here is my St. Patrick’s Day variation on a very old story that has been passed down and around and back again.
I promise my grumpy old self will be back with fresher material tomorrow.
One day, not too long ago, a leprechaun disguised as a businessman walked into a bank in New York City and asked for the loan officer.
Continue reading The Leprechaun and the Lamborghini
I have a confession to make: I’m the Prince of Unhip. The King of Cautious. Poster boy for Blah. Lord of the Nerds.
I get misty-eyed every time I watch Anthony Edwards give that inspiring “I’m a nerd and I’m pretty proud of it” speech in front of the entire Adams College student body after being unceremoniously tossed into the fountain by the Alpha Beta jocks at the end of Revenge
Continue reading 24 (Financial) Things About Me…And One Confession Makes 25
Mr. Krabs: Patrick, you’re fired!
Patrick: But I don’t even work here.
Mr. Krabs: How would you like a job, starting right now?
Patrick: Boy, would I!
Mr. Krabs: You’re fired.
- from an episode of SpongeBob SquarePants
As the economy continues to falter, more people are getting laid off everyday. Very few of us are seemingly immune from the specter of receiving a pink slip from our employers. In fact, last night I found
Continue reading Immunize Yourself from the Layoff Bug