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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

The 5 Best Mobile Apps for Saving Money

By Tex Freitag

When it comes to anything related to money, being financially responsible is always a good thing. This is because it will allow you to not just ensure that everything you need is taken care of, but it will also allow you to set aside some money for ...

Continue reading The 5 Best Mobile Apps for Saving Money

May 21, 2021

A Real-Life Lesson on the Importance of Recognizing Hidden Value

By Len Penzo

Sometimes, certain extraordinary events occur that seem to defy any attempt at a logical explanation, only to be later revealed upon closer inspection for what they really are. For instance, ghosts? They're usually explained by light reflections, ...

Continue reading A Real-Life Lesson on the Importance of Recognizing Hidden Value

May 10, 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 ...

Continue reading Behold the $100,000 Hamburger!

April 14, 2021

5 Investment Strategies To Help You Save For Retirement

By Sabado Domingo

Although you're still of good working age, you should already be preparing for your retirement. However, this topic is often brushed off by most people since they don't know how to start planning for it and what investment strategies will lead to a ...

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April 13, 2021

22 Smart Money Tips Everyone Can Learn by Playing Doctor

By Len Penzo

So ... Who wants to play "doctor"? I know what you're thinking, but you can relax. I promise nobody will end up in the principal's office after we're finished here. That's because this version only focuses on taking a peek at our ... personal ...

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April 12, 2021

9 Important Strategies to Help You Manage Financial Risks

By Len Penzo

Internationally-known daredevil Karl Wallenda earned his fame by performing acrobatic acts high above the ground -- without a safety net. For years, Wallenda had performed his dangerous stunts countless times without incident, but on March 22, 1978, ...

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February 22, 2021

6 Basic Steps to Help You Achieve Financial Freedom

By Tex Freitag

Financial freedom can be a difficult term to define, but at a very basic level it simply means controlling your own finances entirely. In order to gain financial freedom, you not only have to be free of debt, but also be able to provide for yourself ...

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February 17, 2021

Money, Freedom, and a Lesson on the Importance of Saving

By Len Penzo

One of money's best characteristics is its ability to bestow freedom upon those who possess it. Unfortunately, the amount of freedom that money provides is directly proportional to the amount of cash available -- not only in our wallet, but in our ...

Continue reading Money, Freedom, and a Lesson on the Importance of Saving

November 2, 2020

7 Tips University Students Can Take Advantage of to Save Money

By Enero Febrero

College time is an expensive period of life. Lots of students have to pay for their tuition or repay credits. In addition, the rental fees are going up from year to year. Even if you are not a party person and dedicate all the time you have to study, ...

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October 23, 2020

Here’s an Easy Way to Save $1500 Per Year – Just By Doing Your Laundry

By Len Penzo

Nobody likes doing the laundry. Well, at least nobody I talk to. I know for a fact that the Honeybee never looks forward to laundry day. Even so, she won't let me come anywhere near the washing machine because she hates the way I do laundry. ...

Continue reading Here’s an Easy Way to Save $1500 Per Year – Just By Doing Your Laundry

September 21, 2020

The Easiest Money You’ll Ever Make

By Len Penzo

Who doesn't love making money? I know I do. Now let's take it up another notch. Who doesn't love making money for as little effort as humanly possible? If you aren't nodding your head right now, then I think it's safe to say that you're not being ...

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July 13, 2020

7 Big Lies About Gold that Wall Street Doesn’t Want You to Know

By Keith Weiner

It's hard to say which lie about gold is the biggest whopper. Many widely held beliefs about gold are lies -- propaganda hammered home to have us believe the only true measure of wealth is government-issued debt. Big Lie #1: Gold is a barbarous ...

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July 7, 2020

5 Finance Management Tips Everyone Wishes They Had Known Sooner

By Enero Febrero

Nowadays, money is everything; it pays the bills, secures a future, and makes life more comfortable. But, if we want to live the dream and never stress about finances, we need to know how to manage them. Of course, if you are in a pinch and need ...

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May 5, 2020

How to Properly Plan and Prepare for a Potential Layoff

By Len Penzo

One of my favorite fables attributed to Aesop is The Ant and the Grasshopper. You know the story; the grasshopper spends all summer long partying it up like a rock star while the ant prepares for the coming winter by building a shelter and storing ...

Continue reading How to Properly Plan and Prepare for a Potential Layoff

April 27, 2020

Roth 401(k) vs. Roth IRA: What Is the Difference?

By Tex Freitag

Planning for retirement is important, but it can be tricky to understand all of the terms that are used when talking about the different ways you can prepare. In this article, we're going to focus on the similarities and differences between Roth ...

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April 21, 2020

How to Withdraw from Your 401(k) Without Losing Your Savings

By Barri Segal

Your 401(k) is your retirement plan -- but sometimes you just need to use those funds before you retire. If you make a withdrawal, however, you'll not only reduce your balance, but if you're not 59.5 or older, you'll get an extra 10% penalty fee ...

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March 23, 2020

Is It Possible to Retire With a Million Dollars?

By Jeff Desjardins

For those of you still wondering if a million bucks is enough to retire on, this article by Jeff Desjardins from the Visual Capitalist will certainly put the concept of having a million dollars in perspective ... Being a millionaire is ...

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December 16, 2019

8 Ways College Students Can Save More and Manage Money Better

By Enero Febrero

It's no secret that most students are big spenders, but not everyone knows that many of them are already walking the straight and narrow. Some students even know how to save money while using different services. For example, if you're thinking: ...

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October 25, 2019

16 Extreme Ways to Increase Your Monthly Savings

By Tex Freitag

So you've seen your monthly bills and have a bit of a headache. After all, it's often tough keeping up with the utilities and other expenses. The good news is you can almost always resolve your financial woes with a bit of planning -- and some ...

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October 10, 2019

100 Words On: The One-Armed Bandit’s Armless Cousin

By Len Penzo

Who hasn't been fleeced by a casino slot machine? Although only Keno offers worse odds of winning, slots are by far the most popular casino game, responsible for 70% of all gambling industry winnings -- so it's really no surprise they're derisively ...

Continue reading 100 Words On: The One-Armed Bandit’s Armless Cousin

June 6, 2019

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