This week’s Money Master is Len Penzo. Len’s is a fun blog that’s received many accolades, including The 2012 Plutos Award for “Best Personal Finance Blog” and as Kiplinger’s 2010 “Personal Finance Best Money Blog”.
While you may not be able to tell form his pictures on his website, Len is an electrical engineer in the aerospace industry. The man knows his math and he has a disdain for debt. That combination is ripe for great personal finance reading and advice.
One of our favorite posts of Len’z is “Do Prices Ending in 9 Really Affect Your Spending Habits?” As you may know, it’s believed that dropping the cost of an product or service by a penny to end in .99 makes people more likely to be said product or service.
1. What’s your story?
I’m an electrical engineer who is currently employed in the aerospace industry. I’ve always had a strong disdain for debt, and so I’ve been practicing sound personal finance management since I graduated from high school many years ago. Using money I saved working as a teenager and throughout college, I was able to fully pay for my own education, room, and board, without the benefit of any loans. I am a big believer in personal responsibility — not only for our personal finances, but also for everything else we do in life.
2. What’s your point of view, as a personal finance blogger?
Three major themes that I carry from week to week are: 1) that financial freedom is something that can be attained regardless of your income level; 2) the road to financial freedom begins with accepting that we’re all responsible for our own financial well-being; and 3) being financially dependent on friends, family or the government severely limits one’s choices in life.
3. In one sentence, what’s one piece of advice from your personal finance background that you’d like to share with our readers?
Making sure you always spend less than you earn isn’t the only factor involved in becoming financially successful — but it is certainly the most important.
Len shares an offbeat, yet intelligent perspective of personal finance. Check out LenPenzo.com or sign up for his RSS feed. We know you’ll be glad you did.