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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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100 Words On: Why Luck Is So Overrated

By Len Penzo

We tend to give "luck" far too much credit for people's good fortune. Likewise, we often blame our own personal misfortunes on bad luck. While it's true that luck is often due to pure chance, more often than not it's the result of something we ...

Continue reading 100 Words On: Why Luck Is So Overrated

March 17, 2022

Roth IRA and Traditional 401(k) Differences: Which Is Better?

By Dominique Brown

For many of us, retirement can often seem like something too far off in the future. However, as we approach retirement age, and as we are exposed with news of economic instability, we often wonder what is in store for us during retirement. Because of ...

Continue reading Roth IRA and Traditional 401(k) Differences: Which Is Better?

March 16, 2022

Why Relaxation Is Important for Busy People (and How to Find the Time)

By Sabado Domingo

It can be tough to find time to relax after a long week. Between work, family obligations, and other commitments, it seems like there's never enough time in the day. However, it's important to make time for relaxation, especially if you're ...

Continue reading Why Relaxation Is Important for Busy People (and How to Find the Time)

March 15, 2022

The Overtaxed Investor: How to Slash Your Tax Bill & Be a Tax Alpha Dog

By Phil DeMuth

Who understands the entire tax code? No one. Finding your tax rate is like shooting a ball into a pin ball machine. You watch it getting slingshot around the board, lighting lights, buzzing buzzers, ringing bells and spinning spinners, falling into ...

Continue reading The Overtaxed Investor: How to Slash Your Tax Bill & Be a Tax Alpha Dog

March 15, 2022

What’s the Fastest Way to Pay Down the Mortgage Early?

By Len Penzo

Vanilla or chocolate? Credit or debit? House Hunters or Property Brothers? Some questions can be answered with relative ease by almost everyone. On the other hand, when it comes to paying down mortgages early, a much more perplexing ...

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March 14, 2022

Black Coffee: Boiling Frog Syndrome

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. I hope everybody had an enjoyable week. ...

Continue reading Black Coffee: Boiling Frog Syndrome

March 12, 2022

The Top 10 Car Maintenance Tips Everyone Should Know

By Tex Freitag

Nearly everyone knows how to drive a car. However, not everyone knows how to take care of their car. If you're one of those who don't know how to properly take care of their vehicle, don't worry - it's not too late to take that route. Luckily for ...

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March 11, 2022

Grandfather Says: Introducing the Art of Grandfather’s Wife, Tatjana

By RD Blakeslee

His wife, Tatjana van Beckhoven Blakeslee, has been an inspiration and helpmate to him for the last twelve years. In addition to being a first-class gardener, interior decorator and gourmet cook, her career in fine art has been notable and is ...

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March 10, 2022

Why Countries May Choose To Change Their Currency

By Tricia Lee

The strength of a nation's currency can be directly linked to that of its economy, and over the years this has been a common area of concern for governments around the world. There are many examples of countries which have changed their currency ...

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March 9, 2022

Could Your Cell Phone Be Depreciating or Obsolete?

By Corazon Gritar

Our homes, our cars, our jobs -- these are things we may often take for granted, but they tend to last us for quite some time. But what about things like your cell phone? We have some news for you. It wasn't so long ago - in 2018, to be exact - ...

Continue reading Could Your Cell Phone Be Depreciating or Obsolete?

March 9, 2022

4 Ways to Reduce the Risk of Crypto Investments

By Tex Freitag

Cryptocurrency has become the decade's top financial disruptor. With billionaires, conglomerates, and governments all joining the crypto fold, these digital tokens have soared in value. Just last November, the crypto market cap hit an all-time high ...

Continue reading 4 Ways to Reduce the Risk of Crypto Investments

March 8, 2022

4 Steps to Take When You Have to Sell Your House Quickly

By Sabado Domingo

It can be overwhelming to wake up one day and realize -- OMG! -- I need to sell my house! Maybe you lost your job or hopefully, you got that big promotion, and you have to move halfway across the country. Whatever the catalyst may be, when you ...

Continue reading 4 Steps to Take When You Have to Sell Your House Quickly

March 8, 2022

Lottery Fraud: Don’t Get Caught Paying ‘The Stupid Tax’

By Len Penzo

There's an old joke that goes something like this: In order to raise additional revenue, the government is introducing a National Lottery with a daily grand prize of $50 million. Winners will get $1 annually for 50 million years. Heh. I smile ...

Continue reading Lottery Fraud: Don’t Get Caught Paying ‘The Stupid Tax’

March 7, 2022

Black Coffee: What’s Past Is Prologue

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. I've got another busy weekend ahead of ...

Continue reading Black Coffee: What’s Past Is Prologue

March 5, 2022

Grandfather Says: A Wintry View of My Raised-Bed Vegetable Garden

By RD Blakeslee

Today I thought I would share a photo of Grandfather's garden area, comprised of raised beds, a cold frame (far right), surrounded by an eight-foot-high electric fence (evidenced by the white poles). Behind the garden (farthest away in the ...

Continue reading Grandfather Says: A Wintry View of My Raised-Bed Vegetable Garden

March 3, 2022

Individual & Business Sales Made Easy With Classified Advertisements

By Sabado Domingo

When you're in need to sell something, you can either go to a dealer or some other known entity, or you can place a classified advertisement. There are various modes of posting classified ads nowadays, including the print media and the digital media. ...

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March 2, 2022

My 12-Year-Old Daughter Shares Her Secrets for Saving Money

By Lenina Penzo

Hello! It's me, Nina, again! My dad asked me to write another post for him. He let me pick the picture too! He paid me $15 for this, by the way. (Thank you, Dad!) That money's going to come in handy too because lately I've been trying to save ...

Continue reading My 12-Year-Old Daughter Shares Her Secrets for Saving Money

March 1, 2022

Can Gold Really Get to $80,000 Per Ounce? Yes – and Here’s How

By Len Penzo

One of the biggest problems with our current monetary system is that we use the dollars we earn to not only buy things and pay our bills, but also as a savings vehicle, whether those savings are for a rainy day account, our kids' college fund, or ...

Continue reading Can Gold Really Get to $80,000 Per Ounce? Yes – and Here’s How

February 28, 2022

Black Coffee: All That Glitters

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. I hope everybody had a wonderful week. ...

Continue reading Black Coffee: All That Glitters

February 26, 2022

100 Words On: Why You Don’t Need an MBA to Manage Your Finances

By Len Penzo

Never assume that just because a person holds an MBA, he knows how to run a business; the road is littered with MBA-sporting CEOs who ignominiously drove their companies into the ground. Conversely, there are just as many CEOs -- guys like ...

Continue reading 100 Words On: Why You Don’t Need an MBA to Manage Your Finances

February 24, 2022

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