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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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Black Coffee: Running on Empty

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 the financial crisis rages on, so ...

Continue reading Black Coffee: Running on Empty

April 11, 2020

Six Methods for Dealing with a Roller Coaster Market

By Rob Wrubel, CFP

Corrections and bear markets never come at the right time. Distressing world events materialize, and the stock market pullbacks just add stress and anxiety to the difficult times. In January, the world was fine; schools were in session, stocks were ...

Continue reading Six Methods for Dealing with a Roller Coaster Market

April 10, 2020

Can I Get an ATV Loan with Bad Credit?

By Sabado Domingo

Having bad credit will impact your ability to be approved for financing, or otherwise affect the loan terms that you're able to receive. In fact, you may find that you won't be eligible for any kind of loan from any lenders. The lower your credit ...

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April 8, 2020

Black Coffee: Financial Monkey Business

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. Welcome to Week 4 of the new era we ...

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April 4, 2020

What to Do If You Need an Urgent Cash Advance

By Sabado Domingo

Experiencing a financial emergency but don't have the cash to hand to sort it out? Yes, a payday loan gives you access to fast cash -- but for the "opportunity" you'll be charged an exorbitant amount in interest. So before you head down that route, ...

Continue reading What to Do If You Need an Urgent Cash Advance

April 3, 2020

Grandfather Says: Western Civilization Is Out of Fashion

By RD Blakeslee

Western civilization seems unfashionable in most colleges these days. "Diversity" is now the revealed truth. Anyway, Grandfather trotted out an old college textbook of his, Readings in Western Civilization, Knoles and Snyder, J.B. Lippincott 1951, ...

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April 2, 2020

5 Things to Think About Before Starting Your Own Business

By Enero Febrero

While starting your own business may seem like an exciting prospect, those who are just getting started do not always have a strong idea of how much effort it will take to reach their desired objective. Such an endeavor is a major challenge, but when ...

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April 1, 2020

Pinpoint Your Home Energy Hogs and Replace Them with These

By Jennifer Tuohy

Keeping it cool or warm used to be far and away the biggest energy expense a home could claim. However, according to the U.S. Energy Information Administration over the last 25 years, the percentage of energy the average household uses on heating and ...

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March 31, 2020

5 Crazy Ideas That Resulted in Million Dollar Paydays

By Len Penzo

The economy may officially be in the dumps, but you can still make a whole lot of money if you've got a great idea. In fact, there are many examples of strange -- and often ingeniously simple -- business ideas that have earned their owners millions ...

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March 30, 2020

Black Coffee: Watching a Monetary System In Its Death Throes

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. Don't be fooled by this week's market ...

Continue reading Black Coffee: Watching a Monetary System In Its Death Throes

March 28, 2020

The 5 Hidden Costs of Owning Rental Property

By Sabado Domingo

Having rental properties gives you a steady flow of income every month. When you are still in the planning phase, you would not even think about the possible costs of owning a rental property. Yes, owning a rental property comes with a lot of ...

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March 27, 2020

7 Ways to Elevate Your Forex Trading Skills

By Tex Freitag

In today's digitized world, anyone can become a forex trader as long as they have a computer and Internet access. And it's no wonder many people want to do so -- forex trading can be an exciting, educational and profitable activity if you know how to ...

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March 27, 2020

How to Manage Your Finances During a Depression

By Enero Febrero

By all measures, it has been a bad month for the American economy. Whether or not we're about to enter a deep full-scale recession -- or possibly even a depression -- isn't quite clear yet. However, it's fairly obvious that the coronavirus pandemic ...

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March 26, 2020

What Kind of Experience Do You Need to Start Trading?

By Enero Febrero

Anyone can trade, but not everyone can trade successfully. If you want to be a successful trader, it will take time and effort and a lot of practice. You can start out trading with no experience at all, but make sure you have set yourself up with ...

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March 25, 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

Black Coffee: The Reckoning Is Here

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. Here we are, more than a fortnight ...

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March 21, 2020

8 Common Portfolio Protection Strategies

By Len Penzo

Investing is one of the greatest ways to grow your wealth. After all, the long-term average yearly return in the stock market has been around 10% -- and that's way better than any savings account! But as we've all seen, while the market can sometimes ...

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March 20, 2020

Grandfather Says: A Few Words on Our Nation’s Travails

By RD Blakeslee

Len has asked me to write about what I see as the prospects for our nation. If I were a believer in "credentials" I would desist, but I'm not. What I am is a man who has lived his life as independently of current fashion as possible and does not care ...

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March 19, 2020

Things You Should and Shouldn’t Consider Splurging On

By Sabado Domingo

Once you have a budget set and you start building up some disposable income, you need to figure out how you're going to use that money. Sometimes the perception of money management is that you're on the far end of two spectra. You either live ...

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March 18, 2020

Short Term Loans vs. Credit Cards: Which Is Better?

By Sabado Domingo

There are several reasons why you might want to take out a short-term loan or credit card. Perhaps you need to pay for an emergency repair, spread the cost of a big purchase, or consolidate your debts into one lump sum to clear them more quickly. ...

Continue reading Short Term Loans vs. Credit Cards: Which Is Better?

March 18, 2020

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