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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

Fake News: Can You Spot the Error In This Article?

By Antonio Fortunato

It was recently confirmed as fact, via the hacking of emails from a national Presidential candidate's campaign manager and the hacking of emails from the leadership of a national political party committees emails, that news has been fabricated quite ...

Continue reading Fake News: Can You Spot the Error In This Article?

January 25, 2017

Black Coffee: A Ponzi for Your Thoughts

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. Let's dive right in this week ...

Continue reading Black Coffee: A Ponzi for Your Thoughts

January 21, 2017

100 Words On: Why Excessive Debt Leads to Indentured Servitude

By Len Penzo

Taking on excessive debt -- and continuously spending more than you earn -- greatly reduces the wealth you can accumulate down the road. As a result, your options in the future become greatly diminished because you are essentially spending tomorrow's ...

Continue reading 100 Words On: Why Excessive Debt Leads to Indentured Servitude

January 19, 2017

Black Coffee: The Lap of Luxury Edition

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. Off we go ... Credits and ...

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January 14, 2017

My State of the Household Report, Net Worth, and 2016 Expenses

By Len Penzo

I've said it before and I'll say it again: When it comes to money management, one of the most important pieces of information anyone can have is a detailed summary of where your household income was spent during the previous year. I've been ...

Continue reading My State of the Household Report, Net Worth, and 2016 Expenses

January 13, 2017

Black Coffee: A Few Tales of Taxes, Fraud and Corruption

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. And away we go ... "We contend that ...

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January 7, 2017

How People Spent Their Money During the Past 75 Years

By Raul

Consumer spending makes up a large percentage of the United States economy. We all have bills to pay and mouths to feed. But where do Americans spend their money? Take a look at this chart below to see a breakdown of how Americans spent their ...

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January 3, 2017

Black Coffee: The Rum and Coke Edition

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. Happy New Year! I want to thank all ...

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December 31, 2016

Black Coffee: The Christmas Edition

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. Yeah, I work over the holidays too. ...

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December 24, 2016

100 Words On: Why You Should Never Ever Fear Credit Cards

By Len Penzo

Credit cards provide a safe and convenient avenue for short-term borrowing. When used wisely and responsibly, credit cards provide valuable benefits that cash simply can't including consumer protections, cash dividends and other rewards. They can ...

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December 22, 2016

Black Coffee: If It Pleases the Court …

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. Let's get right to it today ...

Continue reading Black Coffee: If It Pleases the Court …

December 17, 2016

More Holiday Gift Ideas Under $25

By Mikey Rox

I recently presented a list of holiday gifts for under $25. If you're still at odds with your decisiveness on what to get some people on your holiday gift list, then consider this collection of even more ideal ideas for a wide range of ages, ...

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December 14, 2016

Black Coffee: Who Wants a Big Slice of Pie-in-the-Sky?

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. Okay, let's get right to it this week ...

Continue reading Black Coffee: Who Wants a Big Slice of Pie-in-the-Sky?

December 10, 2016

A List of the Best Selling Christmas Toys Since 1983

By Len Penzo

If you're old enough, you probably remember the Cabbage Patch Doll. The strange-looking dolls were an instant hit, and by 1985 they had scored more than $600 million in sales. Of course, most of those sales occurred during Christmas. In fact, ...

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December 7, 2016

The $100,000 Salary Benchmark Is Woefully Overrated

By Len Penzo

In 2004 my gross annual income crossed the magical $100,000 benchmark for the first time. Reaching that milestone became a personal goal after graduating with an electrical engineering degree in 1988 and taking my first job at a salary of $31,000. ...

Continue reading The $100,000 Salary Benchmark Is Woefully Overrated

December 5, 2016

A Roadmap for How the Next Economic Implosion Will Unfold

By Len Penzo

I have a theory regarding the order that the financial system dominoes will fall. Yes, it's only a theory -- but I think it is a plausible one. In fact, I believe the coming economic implosion will unfold in the following manner: Photo Credit: ...

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December 4, 2016

Black Coffee: In Venezuela, Rock Beats Paper

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. And away we go ... Credits and ...

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December 3, 2016

100 Words On: Why a Penny Saved Is More Than a Penny Earned

By Len Penzo

I think it was the Quaker Oats guy who famously declared that a penny saved is a penny earned. However, because of taxes, a penny saved is actually worth more than a penny earned. To illustrate, if you happen to be in the 10% tax bracket, every taxed ...

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December 1, 2016

Black Coffee: Mayor McCheese and the Rise of the McMillionaires

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. Okay, off we go ... Credits and ...

Continue reading Black Coffee: Mayor McCheese and the Rise of the McMillionaires

November 26, 2016

Black Coffee: The Happy Thanksgiving Edition

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. Let's get right to it this week ...

Continue reading Black Coffee: The Happy Thanksgiving Edition

November 19, 2016

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