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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

A Look Back at My Magic 8-Ball’s Predictions for 2011

By Len Penzo

Have you noticed all the end-of-the-year customs that are currently on display almost everywhere you look? For example, I've been inviting my readers to provide questions regarding the future that they'd like to ask my Magic 8-Ball since way back ...

Continue reading A Look Back at My Magic 8-Ball’s Predictions for 2011

December 26, 2011

Black Coffee: A Little Fun with My Dog and Some Peanut Butter

By Len Penzo

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.   Here’s what caught my attention over the pa ...

Continue reading Black Coffee: A Little Fun with My Dog and Some Peanut Butter

August 21, 2010

Should Low-Income Drivers Receive Subsidies to Use Toll Express Lanes?

By Len Penzo

Every day on my way home from work I zip by tens of thousands of people behind the wheels of cars stuck in hopelessly gridlocked traffic because they didn't want to pay the toll (usually between $2 and $10, depending on the direction and time of day) ...

Continue reading Should Low-Income Drivers Receive Subsidies to Use Toll Express Lanes?

April 7, 2010

The Redistribution of Health: Excuse Me, But I Think I’m Gonna Be Sick

By Len Penzo

You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time. - Abraham Lincoln I don't feel so good. The United States Congress stuck their middle finger ...

Continue reading The Redistribution of Health: Excuse Me, But I Think I’m Gonna Be Sick

March 23, 2010

The (Dead)Beat Generation

By Greg McFarlane

Should you walk away from your mortgage just because your home depreciated? So you refinanced. Or bought too much house. You divided the mortgage payments by your income, and decided you could swing something a few percentage points higher than ...

Continue reading The (Dead)Beat Generation

March 10, 2010

What Perpetual Motion Machines and the Entitlement Mentality Have in Common

By Guest

This is a guest post from authors Steven and Debra Wallace. Len extended us the great honor of guest hosting at Len Penzo dot com and it is an opportunity that we feel most privileged to accept. The inspiration for our topic is credited to the ...

Continue reading What Perpetual Motion Machines and the Entitlement Mentality Have in Common

January 19, 2010

It’s Time Unemployed People Start Working For Free

By Len Penzo

Okay, not all unemployed people, but definitely some of them. Let me explain. Last month the U.S. House of Representatives passed another 13-week extension of unemployment benefits on top of the current California maximum of 79 weeks.   And just last ...

Continue reading It’s Time Unemployed People Start Working For Free

October 26, 2009

Yes, Al Gore, There Is Such A Thing as Global Warming

By Len Penzo

DEAR EDITOR: I am 61 years old. Many people continue to say there is no such thing as global warming. My wife Tipper says, 'If you see it in Len Penzo dot Com, it's so.' So please tell me the truth; is there such a thing as global warming? Al ...

Continue reading Yes, Al Gore, There Is Such A Thing as Global Warming

October 15, 2009

Bernard Madoff Starts His 150-year Sentence

By Len Penzo

Good. ...

Continue reading Bernard Madoff Starts His 150-year Sentence

July 15, 2009

Celebrating My 100th Post!

By Len Penzo

You know, they say a milestone is anything that gives you a personal sense of accomplishment and helps you move forward. Amazingly enough, after just over six months I reached an important blogging milestone of my own today: post number 100! ...

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June 17, 2009

Inflation: How China May Be Forced To Use The Nuclear Option

By Len Penzo

It's Inflation Week at Len Penzo dot Com. Follow me over the next several days as I explore the multiple facets and facts about this insidious scourge, the probability of its resurgence, its potential impacts on us, and strategies for protecting ...

Continue reading Inflation: How China May Be Forced To Use The Nuclear Option

May 17, 2009

Out of Touch? Putting The Tea Party Protests In Perspective

By Len Penzo

In 1773, American colonists tossed three shiploads of taxed tea into Boston Harbor as a protest against the British practice of taxation without representation. Some 236 years later, another tea party of sorts was held in towns all across America, ...

Continue reading Out of Touch? Putting The Tea Party Protests In Perspective

April 16, 2009

Beware of Strangers Bearing Gifts

By Len Penzo

Lisa Simpson: Grampa! Didn't you wonder why you were getting checks for doing absolutely nothing? Grampa: Not really... I figured it was because the Democrats were in power again. -- From an episode of The Simpsons I've got some great news ...

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April 14, 2009

Don’t Fall for the Siren’s Song of Socialism

By Len Penzo

Rasmussen Reports released the results of a survey today that shows only 53% of American adults believe capitalism is better than socialism. This poll represents a shot over the heads of everybody who cares for the future of this country. Among ...

Continue reading Don’t Fall for the Siren’s Song of Socialism

April 9, 2009

Stop the Bailouts and Let the Bankruptcy Process Do Its Job

By Len Penzo

The US government's decision to force out the head of General Motors should send chills throughout the private sector for years to come. This only serves to undermine the free market and stretch government authority over the private sector in ways ...

Continue reading Stop the Bailouts and Let the Bankruptcy Process Do Its Job

March 31, 2009

The Middle Class Should Prepare for an Increasing Tax Burden

By Len Penzo

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 ...

Continue reading The Middle Class Should Prepare for an Increasing Tax Burden

March 24, 2009

Gordon Gekko Would Be Proud: It’s Time to Let AIG Fail

By Len Penzo

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 ...

Continue reading Gordon Gekko Would Be Proud: It’s Time to Let AIG Fail

March 19, 2009

24 (Financial) Things About Me … And One Confession Makes 25

By Len Penzo

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 ...

Continue reading 24 (Financial) Things About Me … And One Confession Makes 25

March 15, 2009

Be Fiscally Irresponsible — Get $5000!

By Len Penzo

I love stupid-humor movies; I blame that on my folks. When I was just a kid they always let me stay up past my bedtime so I could watch Jerry Lewis movies that were on the television. I watched a lot of Jerry Lewis movies when I was a ...

Continue reading Be Fiscally Irresponsible — Get $5000!

March 5, 2009

No, I Won’t Get Over It: The New Mortgage Bailout Plan Stinks

By Len Penzo

Hello all. It's me again. Your mean, uncaring, personal finance blogger with the heart of a lump of coal and a soul from the depths of Hades. Yes, I am still steaming at this Obama rescue plan. No, I won't get over it. And the more I read ...

Continue reading No, I Won’t Get Over It: The New Mortgage Bailout Plan Stinks

February 23, 2009

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