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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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How to Measure Your Performance as a Trader or Investor

By Tex Freitag

If someone asked you to rate yourself as a trader, how would you evaluate yourself? Would you consider yourself to be highly successful, mediocre or needing a lot of improvement? Do you even know how to evaluate yourself at this moment? Let's make ...

Continue reading How to Measure Your Performance as a Trader or Investor

January 8, 2021

4 Strategies to Help You Avoid Bankruptcy

By Sabado Domingo

Though many people find themselves on the brink of bankruptcy because of massive medical expenses or unexpected job loss, there are others who end up there because of reckless spending habits and a failure to plan for the future. It is all too common ...

Continue reading 4 Strategies to Help You Avoid Bankruptcy

January 7, 2021

The Best Personal Finance Book I’ve Ever Read

By Len Penzo

It seems like every week I get at least one note in my inbox asking me about personal finance books and a suggestion for which one to buy. Well ... The other day somebody asked me to recommend a personal finance book they could give to their ...

Continue reading The Best Personal Finance Book I’ve Ever Read

January 6, 2021

My Cola Taste Test: Is Coke Really Better Than Pepsi?

By Len Penzo

People have been enjoying cola-flavored soft drinks ever since 1886 when the first glasses of Coca-Cola were being served up for five cents each (about $1.44 in today's dollars) at a local Atlanta pharmacy. Today, soft drinks are a key part of a ...

Continue reading My Cola Taste Test: Is Coke Really Better Than Pepsi?

January 4, 2021

Black Coffee: A Thief In the Night

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. Well ... the New Year is here -- but ...

Continue reading Black Coffee: A Thief In the Night

January 2, 2021

What is a Rewards Credit Card?

By Len Penzo

A rewards credit card is specifically targeted at people who want a bonus in exchange for using the card; so the more you purchase, the more rewards you earn. Common rewards include: Cash dividends. With these cards, for every dollar you spend, ...

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December 31, 2020

How to Get the Most from Your Gym Membership and Avoid Burning Out

By Mr. Credit Card

The missus and I joined a sports club many years ago and we have absolutely no regrets about it. So I want to share my thoughts on how we get the most from our gym membership every year. While it's true you can get fit for little or no money, the ...

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December 30, 2020

5 Ideas for Tackling Debt If You Retire with a Mortgage

By Delan Cooper

According to the Employee Benefit Research Institute, outstanding mortgage balances among the elderly have risen by 142% in the last 20 years. Even if you're not yet elderly and thinking about retiring, this is alarming news. If you're considering ...

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December 29, 2020

Top Strategies For Fashion Brands To Build Customer Loyalty

By Sabado Domingo

Thanks to COVID, this year has been a bittersweet experience for fashion brands. For some, there was zero customer demand, especially the top-tier luxury fashion brands since everyone was locked down in their homes and didn't have a reason to invest ...

Continue reading Top Strategies For Fashion Brands To Build Customer Loyalty

December 29, 2020

5 Ways to Ring in the New Year by Cleaning Out Your Financial Garage

By Mark Fried

It's amazing how much stuff piles up in a family garage over the years. The stacks get higher every year because, presumably, the items within them hold value. It becomes harder to throw anything away. While ignoring all those old bicycles, ...

Continue reading 5 Ways to Ring in the New Year by Cleaning Out Your Financial Garage

December 28, 2020

Black Coffee: When Zero Is Your Hero

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 joyous ...

Continue reading Black Coffee: When Zero Is Your Hero

December 26, 2020

3 Great Hobbies That Are Investments Too

By Tex Freitag

When most of us think about investments, we aren't imagining anything very interesting. However, your hobbies can also be great investments. Here are three hobbies that may have hidden sources of income down the road: Xeriscaping If you own ...

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December 25, 2020

Grandfather Says: Memories of a Budding Shipwright

By RD Blakeslee

Grandfather has written before about stone and wood -- this one's about water. Specifically, bodies of water and how he's enjoyed them over the years. Described earlier were Cape Hatteras on the shores of the Atlantic; the Lynn canal between ...

Continue reading Grandfather Says: Memories of a Budding Shipwright

December 24, 2020

Quick Advice for the Financial Times You Didn’t Plan For

By Sabado Domingo

At some point in life, everyone has hit some rough financial times. Sometimes, these financial problems are brought on by the ignorance of youth, other times they are brought on by coincidence, and they can even be caused by catastrophes beyond your ...

Continue reading Quick Advice for the Financial Times You Didn’t Plan For

December 23, 2020

8 Ways to Keep a Family Business From Tearing the Family Apart

By Mikey Rox

Thinking about going into business with a family member? Tread lightly; one disagreement could rip that relationship to shreds. Fortunately, you can give yourself the best chance of success by following a few key tips that are designed to keep a ...

Continue reading 8 Ways to Keep a Family Business From Tearing the Family Apart

December 22, 2020

Are Gas Clothes Dryers Worth the Extra Money?

By Len Penzo

People looking to save money on appliances quickly learn that gas dryers typically cost between $75 to $150 more than their electric counterparts, primarily because the components are more expensive; for folks on tight budgets, that price premium can ...

Continue reading Are Gas Clothes Dryers Worth the Extra Money?

December 21, 2020

Black Coffee: The Beginning of the End

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. It's hard to believe that Christmas -- ...

Continue reading Black Coffee: The Beginning of the End

December 19, 2020

If You’re Going to Bet on Sports, Here’s How to Do It Responsibly

By Tex Freitag

For better or worse, sports betting sometimes gets a bad wrap -- especially from personal finance gurus. Some even like to compare gambling with burning money. As with most things, the actual truth is somewhere in the middle. While gambling isn't ...

Continue reading If You’re Going to Bet on Sports, Here’s How to Do It Responsibly

December 19, 2020

A Few Thoughts from Aunt Doris: How to Make the Perfect Cup of Tea

By Aunt Doris

We English do love a good cup of tea (or, as we like to say, a cuppa)! I'm not talking about that panther pee they serve in most restaurants here in the States. You know -- a thick cup with a tea bag on the side! Oh, no! Here's how to make a ...

Continue reading A Few Thoughts from Aunt Doris: How to Make the Perfect Cup of Tea

December 18, 2020

What Is a Student Credit Card?

By Len Penzo

Student credit cards are specifically targeted at younger people who want to build their credit. These cards usually have higher interest rates than other cards because the people who use them have a limited credit history. Even so, by law, all ...

Continue reading What Is a Student Credit Card?

December 17, 2020

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