{"id":55575,"date":"2019-07-06T02:15:48","date_gmt":"2019-07-06T09:15:48","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=55575"},"modified":"2024-03-03T09:49:03","modified_gmt":"2024-03-03T17:49:03","slug":"black-coffee-6-july-2019","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id55575-black-coffee-6-july-2019.html","title":{"rendered":"Black Coffee: About That Light at the End of the Tunnel …"},"content":{"rendered":"

\"black<\/a>It’s time to sit back, relax and enjoy a little joe …<\/em><\/p>\n

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.<\/p>\n

Well … another glorious long holiday weekend is upon us, so let’s get this party started, shall we?<\/p>\n

The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest Rome will become bankrupt. People must again learn to work instead of living on public assistance.<\/em><\/p><\/blockquote>\n

— Cicero<\/strong><\/p>\n

We can guarantee cash benefits in any size, and any duration you want. What we can’t<\/strong> guarantee is the purchasing power of those benefits.<\/em><\/p><\/blockquote>\n

— Alan Greenspan<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Debit:<\/strong><\/span> I see that millennials are now using high-interest loans to tie the knot. No, really<\/a>. With the average loan at $16,000, and interest rates of 7% to 18%, couples see them as a better option than credit cards. Okay; but what ever happened to saving? The craze has become so widespread that wedding-loan demand has quadrupled since last year. Then again, we humans aren’t the only<\/strong><\/em> ones who do something stupid because others do it too:<\/p>\n