What an honor to be part of this great group of bloggers!
I suspect I am probably one of the older bloggers in the Yakezie. I am 46-years-old. I have two great kids (13 and 11) and a terrific wife (she’s 42, but let’s keep that between you and me).
I was born and raised here in the Los Angeles area.
I am electrical engineer for a very large American corporation working in research and development on proprietary high-tech cutting-edge projects. Despite the generous pay, the cyclical nature of my business has resulted in me always being very cautious about my finances.
In my 23-year career there have been five major layoff cycles. So far I have been fortunate to avoid the axe, but you never know when your time is going to come – and so I remain vigilant, always being sure to live within my means and saving as much as I can for an early retirement.
Before I started blogging back in December 2008, I was never much of a blog reader.
I’m sure that was mainly because I was an old-school guy who read the newspaper instead. Oh yes.
My dad got me hooked reading the newspaper when I was eight years old. At first I only read the Sports section — usually checking up on how my Los Angeles Dodgers did the night before — but eventually I found myself reading interesting articles and stories throughout every section of the newspaper.
It’s a habit I kept with me until very recently.
THE SHIFT
Up until a couple years ago, I really enjoyed sitting down with a nice hot cup of coffee (one sugar, and a bit of half-and-half) every Sunday morning and immersing myself in the Los Angeles Times for several hours.
Usually, my reading pattern wouldn’t waver much. As I had when I was just a kid, I would start out by hitting the Sports section. If the Dodgers, Lakers, or Kings won the night before I would spend a half hour there, carefully examining the standings, dissecting every word of the round-up and reading all the associated back-stories. But if one of my teams lost, more often than not it was a quick scan followed by a jaunt over to the front section, then the Op-Ed page, and finally on to the Business section.
I think my early love of newspapers is probably why writing has always been an avocation of mine.
When I was in the ninth grade, I was the editor of my school newspaper. I really enjoyed editing stories on our school sports teams and writing opinion pieces about the lousy cafeteria food.
In fact, I loved writing so much that I started a personal finance book project in 2001. I wrote seven chapters or so before I eventually got sidetracked with the responsibilities that come with raising young children. I ultimately abandoned the project, but there’s no need to cry for me. The book sucked.
Still, I never stopped reading the newspaper. Or writing.
THE CREATION THROUGH PLENTY OF REJECTION
Over the years, the stuff I read in the Los Angeles Times would inspire me to write a letter to the editor. For a while I was getting my letters printed there fairly frequently. If I had to guess, I would say I wrote 50 letters to the editor. Of those 50 letters, I bet I had at least a dozen letters published, but probably more, which is pretty good considering the amount of letters a newspaper with the circulation of the Times gets on a daily basis.
After awhile I decided I had even more to say and I wanted a wider audience. So I started submitting 750 word op-ed pieces to the Times. Sometimes I wrote pieces on business and political issues. Other times they were silly puff pieces. Regardless, they were continually being rejected.
Undaunted, I started sending my pieces to other newspapers: the Orange County Register, the San Diego Union-Tribune, USA Today, the Washington Times, the Wall Street Journal, you name it. Unfortunately, the results were the same.
I have to admit, after spending so much time researching and writing these articles, the never-ending stream of rejections was extremely disappointing and a bit of a blow to my self-esteem.
That’s when I decided to propose to the editor of my local fish wrap an idea for a weekly column. I sent him three sample articles via registered mail and offered to write the columns for free. The idea was loosely based on my current Black Coffee column. When I sent the proposal my spirits were high.
Well, about a week later I received a nice hand-written letter from the editor, telling me that he appreciated the offer and enjoyed my writing style, but there was only so much space available in his paper. Ironically, he couldn’t afford to allocate any space to me for a weekly column, even if I wrote for free; that precious space was needed for advertisements. He did encourage me to solicit my idea to other newspapers and continue writing.
Finally, out of desperation, I decided to bypass the newspapers by going to the Internet and starting Len Penzo dot Com.
What’s interesting is that things didn’t get much better when I first started blogging. A lot of it had to do with being stupid enough to start a personal finance blog using my name as the title, which is really not a very good idea unless your name is Dave Ramsey — or even Dave Ramsay. I didn’t know that at the time though. Like I said, I didn’t read blogs. I read newspapers.
Anyway, despite my best efforts, after four months of blogging I was still averaging barely 40 unique visitors per day — 36 of which were relatives. But I didn’t care because not having to get approval from a newspaper editor to get published was a very liberating experience for me.
Best of all, I finally had my own forum where I could write freely and be heard on a regular basis. Even if it was only for a handful of my closest relatives!
Well those newspapers all did us a big favor because without their rejections we wouldn’t have your blog. I always enjoy your writing style Len and I’m glad to have you in the Yakezie.
Thank you, Mike. That is very kind of you to say! :-)
I’m so glad you go into blogging.Your blog is definitely a breath of fresh air – personal finance that’s interesting. Thanks for being a part of the Yakezie.
BTW, I do enjoy reading the paper too- both online and the paper.
Thank you, Elle. :-) I still read the paper too. But it’s now exclusively online. I let my subscription to the LA Times finally expire last year after many years. It’s just not the same though as having the real thing in your hands.
Ha, I didn’t realize you were such an aficionado with newspapers. I think it’s great! Len, I love your writing style. It is always interesting and fun to read your posts. It is fortunate to have you in the yakezie and personal finance blogosphere. :)
Thank you, Christine! :-)
Great story, thanks for sharing!
I met Len at a happy hour a few months ago, and he’s every bit as enthusiastic as he is on his blog!
I wouldn’t have missed our meet up for the world. You and the rest of the DC bloggers are a great group of people!
I’m glad to hear you didn’t give up and instead started your blog! I really enjoy reading your posts, they are very humorous but with a point. If you had become a newspaper columnist, chances are I wouldn’t have had the pleasure of reading your writing (I don’t read the newspaper, just whatever news is online.) It’s great to get to know you a little better and I look forward to our SoCal Bloggers first meet and greet!
RIght back at ya, Jennifer! (By the way, for those of you wondering why don’t I just consolidate all these comments into one or two large but separate replies – I’m trying to pad my stats so I can get my Yakezie blue – or is it green? – belt).
Len, As I’m sure just about everyone else will say, I really do enjoy your unique writing style! Your posts are easy to read and always keep me engaged (usually making me say “this guy must be reading my mind” or “I used to drive stick shift and have a rotary phone too :)”)
BTW- I used to be addicted to newspapers as well….but now that i’ve made the change, I don’t really miss getting ink on my hands (and my pants) and trying to figure out how to flip pages while sitting in a tight space (train or airplane seat).
I don’t miss the ink either, Coach! And I love driving a stick shift – unless I’m in San Francisco or the 405 fwy at rush hour.
You make yourself sound ancient!!!! 46 is nothing…. I have been hearing 46 is the new 45 so don’t worry about it!
As for your name, I think it has paid off. You are a strong opinion writer and it really helps that it’s LEN at the top of the blog and not Personal Finance Talks Daily. Your personality is strong enough to badge as your name so works for me…. Just took longer to get through the beginning part I guess.
Always look forward to your rants and writings and sod the newspapers they suck anyway ;)
Thank you. When I was a kid I thought 46 was “almost dead.” What I like about you, Forest, is that you can read my opinions – which I know don’t line up exactly with yours – and still appreciate and offer up very thoughtful counterpoints and POVs. A lot of people on both sides – me included at times – have trouble doing exactly that (although I try my best).
Ha ha, thanks Len…. In all of my 29 years I have simply learned not all is as it seems. I don’t see any point in discounting anything (well some things I don’t tolerate!) and you can always learn more….. Plus there is always more than one way to fix a mess.
Len, I’ve always been a big fan of your writing style, it has lots of humor mixed in with common sense, and it really does engage the reader. Keep up the great work – and one day those newspapers will be banging down your door begging you to come write for them!
Boy, I hope you’re right! Thank you. (Hey, Sam, how much longer until I get my blue belt? My fingers are getting sore from all this typing!)
Our stories are quite similar, except for me it was the St Louis Globe Democrat and the St Louis Cardinals. And (not that I am old) I started before you did. Like others have said, the newspaper’s losses are our gain. Keep on keeping us entertained, challenged and informed.
I’m not surprised that we are similar, Joe – and I’m not talking about us being more of the elder statesmen (in terms of age, not service) in the blogging world. I gathered that from reading lots and lots of your posts which, of course, I really enjoy! :-)
I think you’ll find that, in the long run, you’ll be glad those rags turned you down. They’re a dying breed anyways. ;) Glad to have you with the Yakezie!
Thank you, BB!
Hey! That’s no way to end a story! You’ll have to type up Part II, because I am sure you’ve been around longer than six months, and what about all your Yakezie readers? Waiting for the rest of the story… Mrs. A
I will, Mrs. A. But I figured if I did this in two parts, I could score 50 points instead of 25. ;-)
Your black coffee round ups are one of the few rounds ups I read when I am not featured. Keep up the great work and next time you drive through NY you better call!
Thank you, Evan. I *will* call next time I’m in NY. I’ll just be sure to stay off the Cross Bronx Expwy next time. (Boy, and I thought LA had bad traffic.)
Count me in as another fan of your writing, Len! I’m glad you went online and started blogging. I’ve enjoyed your posts and it seems like your site has grown a good bit since those early days. Keep up the great work and you’ll be doing better than you could have in the newspapers. They don’t know what they missed out on!
Hey Len, I’m an Electrical Engineer too, although I work was a bunch of crap equipment at Obama Motors. It was great reading your Op-Ed here at the Yakezie. Kept making us laugh because at the end of the day, that’s all we have left (humor) at least some dayz.
I agree with what Elle said above! You are a breath of fresh air, and very funny air at that! Actually, you even had me chuckle a few times reading your intro post!
I like to visit your site because I never know what witty read is going to appear on my screen. I think you are informative, and yet still funny at the same time… A very difficult combo!
Thanks for adding your voice to the blogsphere and the Yakezie group!
@Paul: Thank you. :-)
@Jeff: If you don’t like working for the gov’t, Jeff, maybe you should try getting a job at Chrysler. Oh wait, the gov’t owns that now too. Never mind. ;-)
@Money: Thank you! What a nice compliment! (Just between you and me: I don’t mean to be funny though.)
Len, Thanks for sharing your story. Writing only gets better by writing. And rewriting, and rewriting…
But you have a knack for it, as everyone here has already said. Don’t let it go to your head, as the president has found out, public opinion can change on a dime.
Look forward to working with you here at Yakezie. Us old guys and gals, (there are a few here) have to work doubly hard to keep up with the kids. But we can do it!!!
Hey Len, great intro. I guess I’m like everyone else here – I love your writing style. And you definitely have the most entertaining weekly roundups around! It’s good to be in the same network as you, and I hope to learn a lot from you!
Len, I have told you numerous times what a fan I am of your writing (even bragging on you on other sites). Thanks so much for sharing your story, and I am so proud to interact with you through Yakezie!
(Yes, I’m spreading these out now… I just figured out each comment is only worth one Yakezie point. Kind of like picking up a penny on the street. LOL)
@Dr. Dean: Like Joe, you’re another blogger I seem to relate well too. I also really appreciate your sense of humor.
@KNS: Thank you, Khaleef. You keep up the good work over there at Faithful With a Few. :-)
@Shawn: I am very high on you too, Shawn. You really have a good handle on personal finance. Your Thomas Crown article was a big hit over on my site. I hope you got some new readers from it.
Yep, that’s the great thing about blogging. Anybody can have their voice and broadcast it all over the Internet, and be read by anyone else. It’s really neat how technology has improved things in that way. Cool to see you plowed straight through the rejection and kept on going!
Yep. The Internet pretty much eliminated a major barrier to entry for people to get an audience. I only wish I had recognized it five years earlier! LOL
I live outside Detroit, and they don’t deliver a paper daily anymore. I miss it immensely. (They only deliver 3 days a week. I hate this economy.)
Anyway, I love your blog, and I am glad you found a way to speak your mind that we can all benefit from!
Hey Len – I loved the honesty in this post! And while reading through your blog, I found that you offer an addictive combination of humor, as others have stated already, and value, leading to posts that had me asking myself quite a few questions afterward.
It’s also quite impressive how you refused to take no for an answer and continued moving forward with your goal of writing!
@everyday: If you hate the economy, just think how the newspapers feel. They are dying on the vine.
@WanderingEarl: “It’s also quite impressive how you refused to take no for an answer and continued moving forward with your goal of writing!” If you think that’s impressive, I should tell you how many “no’s” I got asking girls out for a date in high school.
It is great to find someone else who likes the newspaper. People think I am weird for getting the newspaper. Sometimes they assume it is for the coupons, but when they know I get it every single day and don’t use most of the coupons, they decide I am wasting money :) oh well.
I am glad you didn’t give up. I love your writing style. Looking forward to meeting you in Oct.
Blogs are way better than newspapers anyway. Print is dead, right? Good to read about your background Len!
Len, you are still one of my favorite bloggers. You are so creative and your writing so readable, and entertaining! I’m surprised by your intro in a lot of ways, but impressed at your publications in the LA Times, even if they were just letters versus full blown columns. I have to thank the LA Times though for bringing you to the net and to a more global audience. Keep up the good work my friend!
Len, thanks for giving us your story! Good to get to know the guy behind the informative yet often irreverant blog. It works out to be a pretty good combination for you.
You show great persistency, in how you tried over and over, then looked to an “alternative” outlet for your writing. Not that blogging is alternative anymore:)
Glad you’re a part of this network, and I look forward to continuing to read your blog.
My dad is actually an out of work / retired electrical engineer by trade. I should probably point him to your site for inspiration as he tries to find something new to do to fill up his time.
Your passion for newspapers is genuine, especially in this day and age where these business are going under left and right. I’m glad your persistence pushed you in the direction to offer it to all of us. It really is crazy how life works. Looking forward to reading your work!
@Suba: I’m looking forward to meeting you too!
@NB: Blogs are way better. No doubt about it.
@Jesse: Thank you. I appreciate the kind words. I just hope I can continue to keep your interest.
@Squirrelers: Thank you, Wise Squirrel. I wish I had an acorn to give you, right now. ;-) I enjoy your blog very much.
@Dr.S: I hope your dad finds some work, assuming he’s not happy being retired. The good thing about engineering is that there are usually a few more opportunities out there than most other jobs.
Len, I took the liberty to add a magic 8 ball, b/c that was my favorite post of yours from a while back.
Thanks for your intro!
Cheers
Hey Len,
Don’t worry about the age. As far as I’m concerned, it just means you have more experience to share! And about the rejections: from the ashes rose a Phoenix, I’m happy you’re on board with us!
Thanks,
Timothy
@Sam: I figured that’s why you used the 8-ball. Don’t worry, you’ll see my trusty 8-ball make another appearance in December or early January. (It’s always right here next to my computer, ready to give me great personal finance advice!)
@WealthArtisan: Thank you.
@Greg: How did I get 22,210 visitors last week? Um, er, I think there was a glitch over at Google Analytics. As for a life in politics, I’m counting on some qualified Tea Party candidates to step up and overthrow the establishment here in 2012 instead!
I was a high school newspaper editor and love real newspaper, too. I’m not looking forward to the day when sitting down with the paper is a quaint thing people used to do. Maybe that day is already here and I’m just a young old geezer! :)
I’m another one glad that your rejection led to blogging, as it’s such a well written and interesting blog, even if we don’t always see eye to eye.
Did you do any cutting edge stories in high school? We really shook up the establishment at my school. I even got called into the principals office to discuss proper “policy” regarding topics. Political correctness even back then! LOL
Sadly, I think the day newspapers go extinct is almost here. I don’t know many young adults and even fewer kids who read a real newspaper. Time marches on…
Hey Len, I see you got lazy with the posting with every comment. I am disappointed in your stat padding prowess. Well, I am sure even blogging engineers havta work every now and then.
Of course, the only reason I am writing this is I have “Blue-belt itis….. or is it envy?
[…] be better off.@YakezieYakezie Member Post – Wandering EarlYakezie Member Post- Young and ThriftyYakezie Member Post – Len Penzo dot ComYakezie Member Post – Eventual MillionaireYakezie Member Post – Beating Broke@Arohan Announcing […]
Wow, thats a really neat story Len. Congrats on getting your letters to the LA Times published.
I also must concur with your reading habit of the newspapers as well. I read a lot of newspapers and love every minute of it, but most of my consumption of the paper is online.
Len, I wanted to read more… I was sorry when the story ended, guess I’ll have to head over to your blog for more. On another note, I really appreciated your rejection stories, I have a few in my file cabinet as well… What’s with these newspapers anyhow? Your writing is so fresh and clever, I’m honored to be your friend. Best regards, Barb
http://barbarafriedbergpersonalfinance.com
I am proud to be your friend too, Barb! Thanks for the nice words. :-)
Len
Count me in as another high school newspaper editor! My first major in college was journalism. I switched to business once I realized journalism jobs were not high paying or plentiful.
We still get a daily paper delivered and two on Sunday. Len, thanks for counting yourself in with us older Yakezie although I think you barely qualify:). I’m looking forward to meeting you in a few weeks.
Hey Len, your story is truly inspiring. I think all those rejections after putting so much time and effort into my pieces would have deflated me. But you kept going at it and ultimately it motivated you to start a sweet blog. Forget those newspapers…now you have your own outlet for your content!
@Dr. Dean: I notice we’re still wearing white, despite our best efforts. Looks like I’m going to have send some spam messages over at the Yakezie forum. Lots of two-word commentaries like “Good job!” “I agree!” and “Me too!” ;-)
@Jeff: With the exception of my local paper, all of my newspaper reading is online now too.
@Kay Lynn: We’ll need to share some newspaper editor stories in a couple weeks! Looking forward to meeting you too!
@Andrew: One of the biggest lessons I learned that I try to teach my kids is that you should never ever ever be discouraged by rejections. A rejection is only one man’s opinion – and it only takes one “yes” to undo all of the “nos.” I know people who get a few “nos” in life and then abandon their dreams based on that small sample size. Very sad.
Great way of putting it Len! So articulate!
I was thinking the same thing that was already said – I’m glad you started blogging even if it did start because of rejection! I just recently saw your blog thanks to the Yakezie, but you have another big fan!
Aww, as I am a fan of yours! :-)
Count me in as another huge fan of Len’s writing! – Joel
Very inspirational post. I started reading Len’s blog in July and have been enjoying reading it ever since. Keep up the good work!