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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

Roth IRA Loophole: The Backdoor IRA Hack

By Fiona

If you're looking to beef up your retirement savings, then you'll want to check out this Roth IRA loophole right now. Roth IRAs have been around since the introduction of the Taxpayer Relief act in 1997, and are considered to be a smart tool for ...

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August 10, 2021

What Are the Benefits of Investing in a Franchise?

By Sabado Domingo

There is an obvious appeal to building your own brand from the ground up, but this is often counteracted by many challenges. New businesses come with many unknowns, which eventually cause them to fail within the first few years of operation. ...

Continue reading What Are the Benefits of Investing in a Franchise?

July 23, 2021

An Insider’s View of the Millionaire Mind

By Kevin Mercadante

How do millionaires think? I spent years working in small business accounting so I've had a chance to know a number of self-made millionaires. As a result, I also got an insider's view of their financial positions and behavior -- both business and ...

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July 14, 2021

The Biggest Reason Why It May Be Smarter to Rent Than ‘Own’ a Home

By Charles Hugh Smith

We're constantly told ours is an ownership society in which owning a home is the foundation of household wealth. However, if we understand property taxes as a "lease from the local government for the right to gamble on another housing bubble ...

Continue reading The Biggest Reason Why It May Be Smarter to Rent Than ‘Own’ a Home

July 6, 2021

A Gold Trading Primer for Newbies

By Enero Febrero

Although gold is wealth insurance first and foremost, there are some people who prefer to buy it strictly as an investment. Whether you're a long term investor or a short term trader, gold trading is a legitimate alternative for diversifying your ...

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July 1, 2021

Bitcoin: How to Invest In This Incredibly Speculative Asset

By Sabado Domingo

The best way to experiment with any new asset class is by taking a small position in it. Buying bitcoin is a great way to experiment and experience this asset. However, it is also a fact that investments in bitcoin and other cryptocurrencies come ...

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June 22, 2021

8 Good Reasons Why You Should Start Trading With CFDs

By Tex Freitag

More and more people are now becoming financially literate because information about how to save and grow money is already easily available and accessible online. While some are keen on investing in the stock market, others are delving into more ...

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June 18, 2021

People Are Now Selling Their Homes For Bitcoin

By Sabado Domingo

Bitcoin has continued to gain popularity as a simple value transfer method for any product or service imaginable. As a result, selling real estate for bitcoin has become increasingly popular across the United States and the rest of the world. For ...

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June 17, 2021

The Rise of ‘Meme Stocks’ and What It Means for Day Trading

By Tex Freitag

In the midst of a global pandemic that has driven most of us indoors to the privacy and convenience of the couch in front of the TV for our entertainment fix, you'd be crazy to invest in a movie theatre company, right? Well, maybe not. Witness ...

Continue reading The Rise of ‘Meme Stocks’ and What It Means for Day Trading

June 9, 2021

Calling Gen Z: 4 Key Financial Tips You Need to Know

By Sabado Domingo

With all the focus on millennials, it's hard to believe that the first wave of Gen Z has come of age and is now working and planning for retirement. Well ... some are. Others could use a nudge. Financial Finesse found through its Generational ...

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June 9, 2021

Learn How To Easily Find The Right Broker For Your Needs

By Sabado Domingo

Looking for the right broker for your needs can be a never-ending process; many consider it to be time-consuming, and a fairly very boring process. This is why the need for specific guides has arisen over the past years. With that in mind, here are ...

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June 4, 2021

Your 401k: How to Manage It, How to Roll it Over, How to Make the Most of It

By Sabado Domingo

The 401k -- everyone has heard of it, and most of us have one, but do you realize how important your 401k actually is? When the government first introduced this pre-tax investment plan, it was merely meant to be an extra way to subsidize your ...

Continue reading Your 401k: How to Manage It, How to Roll it Over, How to Make the Most of It

May 20, 2021

Tips To Make Smart Property Investments

By Corazon Gritar

Not all real estate transactions are created equal. Some investors make money a lot of money while other investors lose money. However, successful investors often develop proven strategies over time using critical data and market intelligence. ...

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May 18, 2021

Interesting Investment Trends for 2021

By Tex Freitag

Every year brings new investment opportunities in to the marketplace. With technology progressing at such a rapid pace, there are some unique sectors that could potentially have promising returns. Let's take a look at the growing investment trends in ...

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May 14, 2021

5 Tips to Help You Start Investing Online

By Sabado Domingo

With the advent of the Internet, investing became much easier thanks to the simplicity of online investing. After all, with online investing you're able to quickly find the resources you need, the companies you can invest in, and manage your ...

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April 19, 2021

Behold the $100,000 Hamburger!

By Brandon Wilkins

"I think I'll have the combo meal, two candy bars and a triple mocha latte." "Very good, sir. That'll be $410,000." WTF?!?!? No; not really. At least not at one time. Now that I have your attention, I want to discuss the importance of ...

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April 14, 2021

Should You Diversify Your Portfolio With Crypto? 3 Pros and Cons

By Tex Freitag

It's easy to see the argument for diversifying your portfolio. Putting your eggs in one basket is just too risky. Spread the risk around, put them on different assets. That way, when one fails, you'll still have a chance; losses can be ...

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April 14, 2021

3 Mistakes to Avoid When Starting Out as an Investor

By Sabado Domingo

The investment world is as complex as it is alluring, as there are a wide array of asset classes and markets in which you can generate a profit. However, the financial markets are also incredibly immersive and fast-moving, which means that it's ...

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April 14, 2021

5 Reasons Why Gold Is The Best Metal To Invest In

By Tex Freitag

Gold is regarded for its rich history and value. Even in ancient times, this lustrous metal has been a symbol of wealth. One of the reasons why gold is coveted as the most precious metal in the world is because of its quality that can be used as ...

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April 7, 2021

Buy an Existing House or Have One Built? The Pros and Cons

By Sabado Domingo

Everybody has their own idea of what the perfect home is. For some it can be one that was already built and has all the features that they are happy with. Others want complete customization and everything done according to their list of must ...

Continue reading Buy an Existing House or Have One Built? The Pros and Cons

March 24, 2021

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