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Don McNay
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Don McNay, CLU, ChFC, MSFS, CSSC
Best-Selling Author, Syndicated Columnist, Financial Consultant
www.donmcnay.com

Don McNay, a financial consultant and award-winning writer, is an expert on managing money and one of the world's leading authorities on how lottery winners handle their winnings.

His latest book, Life Lessons From The Lottery, was featured in a New York Times Opinion column,. http://www.nytimes.com/2012/12/01/opinion/nocera-the-bad-luck-of-winning.html?hp

His syndicated financial column appears regularly in The Huffington Post and in hundreds of publication worldwide. McNay also has appeared in several hundred television and radio programs, including CBS Morning News, CBS Evening News with Katie Couric, ABC News Radio, BBC News, KPCC- Los Angeles, WLW-AM-Cincinnati, Al Jazeera-English, CBC Television (Canada), CTV (Canada) and Radio Live (New Zealand).

His insight has been sought by hundreds of print publications, including the New York Times, Los Angeles Times, USA Today and Forbes.

Life Lessons from the Lottery: Protecting Your Money in a Scary World Two previous books, Wealth Without Wall Street and Son of a Son of a Gambler: Winners, Losers and What to Do When You Win the Lottery, have been Amazon bestsellers in a number of business and investing related categories.

Entries by Don McNay

Happy Father's Day to Mom

(0) Comments | Posted June 12, 2013 | 6:23 PM

Happy Father's Day to Mom
"Dear old Daddy, rest his soul
Left my mom a heavy load
She tried so very hard to fill his shoes
Working hours without rest
Wanted me to have the best"

--Merle Haggard


A couple of...

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Life Lesson: Making the Ask

(0) Comments | Posted June 1, 2013 | 6:24 PM

Twenty-five years ago, Bob Babbage, who is now Kentucky's most successful lobbyist, was running for State Auditor and I was his combination of Finance Chair/Campaign Chair/Press Secretary.

It was a small campaign.

I took Bob to lunch with one of my most successful clients to ask for a donation....

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Will You Be Truly Happy If You Win the Lottery?

(77) Comments | Posted May 26, 2013 | 10:48 PM

"But 'happily ever after' fails
And we've been poisoned by these fairy tales"
-Bruce Hornsby and Don Henley

"Someday I hope you have a chance, to live like you are dying"
-Tim McGraw

A Psychology Today article titled, "What Will You Do if You Win the...

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Will Main Street ever trust Washington again?

(1) Comments | Posted May 20, 2013 | 11:55 AM

"You know you cannot trust them
They know they can't trust you."

-Steve Goodman (Jimmy Buffett)

"Now Watergate does not bother me
Does your conscience bother you?"

-Lynyrd Skynyrd

The scandal at the Internal Revenue Service and the Justice Department acts against Associated Press reporters...

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Peter Perlman- Life Lessons from a Lawyer's Lawyer

(0) Comments | Posted May 13, 2013 | 3:13 PM

"I need a hero. I'm holding out for a hero 'til the end of the night.
He's gotta be strong
And he's gotta be fast
And he's gotta be fresh from the fight"

-Jim Steinman

One of the great moments of my life was sitting...

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Not Becoming an Oldies Act

(1) Comments | Posted May 3, 2013 | 1:06 AM


"Retirement don't fit in my plan
You can keep your seat, I'm a gonna stand
An Eskimo needs a Frigidaire
Like I need your rockin' chair"

-George Jones

The "strategic coach" for entrepreneurs Dan Sullivan uses the expressions "past-based self" and "future-based self."

A...

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How Poker Can Tell Us If a Person Will Blow His Money

(2) Comments | Posted April 29, 2013 | 7:42 AM

"Son, I've made my living, out of reading people's faces and knowing what the cards were, by the way they held their eyes." - Kenny Rogers

Gambling takes a front burner in my life during Kentucky Derby week. On top of the normal home state hoopla, I am also...

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Helping the Wounded Trial Warrior

(1) Comments | Posted April 24, 2013 | 12:42 PM

"Shooting at the walls of heartache, bang, bang, I am the warrior"
-- Patty Smyth

I got the news that a friend killed himself. One of several lately. All of them middle age men. All of them trial lawyers.

Shannon Ragland, who publishes the must read Trial Court...

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Life Lessons About Money and Happiness

(12) Comments | Posted April 21, 2013 | 11:44 AM

When the body of murdered Florida lotto winner Abraham Shakespeare was found, his mother said that on many occasions Shakespeare said he wished he had torn up the winning ticket.

After lottery winner Jack Whitaker of Hurricane, West Virginia, went through a litany of problems, including the...

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Breaking the Rules to Do Things Right

(9) Comments | Posted April 12, 2013 | 10:53 PM

"Smoking in the boys' room
Smoking in the boys' room
Now, teacher, don't you fill me up with your rules"

-- Brownsville Station

For nearly 20 years, our leaders decided traditional economic rules didn't apply. It got us into a financial crisis.

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Will the Gecko Slay All Insurance Agents?

(13) Comments | Posted April 7, 2013 | 9:09 PM

After 30 years of affiliation with the insurance industry, I have a deep appreciation for insurance agents.

I wonder how many will be left five years from now?

Many are being eliminated by their own companies in favor of the Internet and nonstop television advertising. Some companies, like...

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Success From Understanding History

(5) Comments | Posted March 31, 2013 | 7:24 PM

I was reading an obscure blog, "The Impact of the Affordable Care Act on Special Needs Planning" by Scott Solkoff, when I saw a line that jumped out.

"There will be new opportunities for special needs attorneys because of the complexity of the Affordable Care Act."

That line made...

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Finding God Via the Golf Course

(3) Comments | Posted March 23, 2013 | 5:57 PM

"Talk to God and listen to his casual reply" -John Denver

"Faith is taking the first step even when you don't see the whole staircase." - Dr. Martin Luther King, Jr.

"I'm going to give you a little advice. There's a force in the universe that makes things happen. And...

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Courtside at the Special Olympics

(1) Comments | Posted March 18, 2013 | 2:38 PM

"I think the Special Olympics and the Olympics are actually pretty similar. We all have dreams and we all have goals. And you have to work hard to accomplish your dreams and goals." -- Michael Phelps

"I can climb the highest mountain, cross the wildest sea
I can...

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Is 401(k) Good for America?

(54) Comments | Posted March 12, 2013 | 9:08 PM

"Running on Empty. Running into the sun but I'm running behind." -- Jackson Browne

Internal Revenue Code section 401(k) is the only section of the U.S. tax code that the average people can cite. They know it has something, and often everything, to do with whether or not they...

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Life Lessons on Finding a Good Adviser

(3) Comments | Posted March 3, 2013 | 9:16 AM

"Look at our Lord's disciples. One denied Him; one doubted Him; one betrayed Him. If our Lord couldn't have perfection, how are you going to have it in city government?" -Mayor Richard J. Daley of Chicago

I think about this Mayor Daley quote a lot. I have hired tremendous people,...

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Life Lessons From a Street Wise Guy

(2) Comments | Posted February 23, 2013 | 4:37 PM

A well-connected friend in New Orleans took me to the critically acclaimed Galatoires restaurant. A fine dining experience at one of the top restaurants in the United States.

My friend has a business relationship with the restaurant and knew everyone there. He asked for John, an entertaining 40-year-old veteran waiter,...

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The Art of Divorce Recovery

(1) Comments | Posted February 20, 2013 | 12:44 PM

"Hear the whisper of the raindrops,
Blow softly against my window,
Make believe you love me,
One more time
For the Good Times"

-Kris Kristofferson (hits for Ray Price and Elvis Presley)

"For the Good Times" hit the charts about the time that...

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Concerning Money: Keep Your Friends Not So Close and Enemies Even Further Away

(3) Comments | Posted February 10, 2013 | 10:19 PM

"Keep your friends close, but your enemies closer."
-Michael Corelone (Al Pacino) in The Godfather Part II.

"Tell me who your friends are, I'll tell you who you are."
-Bingo Joe McNay (my father), a professional gambler and bookmaker.

"Don't stand so close to me."...

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Tax Relief Scams: Where Crime Does Pay

(7) Comments | Posted February 6, 2013 | 9:07 AM

"Go ahead and hate your neighbor,
Go ahead and cheat a friend."
- "Coven" (theme from the movie Billy Jack)

I saw a "pat on the back" news release from the Federal Trade Commission today. The headline said, "FTC Settlement: Tax Relief Scammers Agree to Pay...

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