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American College

Winning in a Race of Life, Death and Renewal

Don McNay | Posted 06.08.2015 | Business
Don McNay

June 5 was a big day for me. The Tuttle Tots 3K in Carrollton, Kentucky was the first time I had been in a running race in 26 years, and I came in second in my age division. The day before, I had a medical checkup that confirmed that I had lost over 90 pounds in the past six months.

Annuities, Experts and My Losing 90 Pounds

Don McNay | Posted 05.21.2015 | Business
Don McNay

I was in a coffee shop, having breakfast with my daughter, Angela Luhys, on a week when my weight loss had reached the 90 pound mark since November. While sharing this great milestone with Angela, the guy in the booth behind me was trying to sell an annuity.

Picking Experts and the Quest for Great Weight Loss Surgery

Don McNay | Posted 01.28.2015 | Business
Don McNay

The best way to have a successful weight loss surgery is to treat it like a business project. I have definite goals, measurements, objectives, benchmarks, time frames and a vision on where I want to be within a year.

Getting Rich In Supposedly Illegal Businesses

Don McNay | Posted 04.22.2012 | Business
Don McNay

As a society, it would seem logical that we would want drug pushing, loan sharking and corporate influence peddling to stop. At the very least, we could go back to making it against the law.

It's Time to Talk About Insurance, Even If You Don't Want To

Don McNay | Posted 10.24.2011 | Business
Don McNay

As people work to make money on Main Street, insurance plays a key role in making sure that an illness, fire, or accident does not put them out of business and that the financial goals for families and charities are met if the person who set the goals dies before they are achieved.

The Second Act: Learning From Your Initial Success and Failures

Don McNay | Posted 10.22.2011 | Small Business
Don McNay

"Stick to what you know" seems like common-sense advice, but I have watched many business people make the same mistake I did. Once things start to go well, entrepreneurs think success will last forever.

Help for Main Street, Not Wall Street

Don McNay | Posted 10.15.2011 | Small Business
Don McNay

Washington and Wall Street are tied at the hip and spend most of the time talking only to each other. They are connected socially and economically and have media outlets devoted to promoting their philosophies.

Getting Rich Slowly

Don McNay | Posted 10.12.2011 | Business
Don McNay

Because the money is harder to access, people who take structured settlements are more likely to "get rich slowly" than my professional clients who can cash in a mutual fund or stock whenever they want.

Legalized Loan Sharks

Don McNay | Posted 09.28.2011 | Business
Don McNay

"Financial reform" is a boon for people in the payday loan business. When people fall out of the world of traditional banking, they are still going to need bank-like services. Payday lenders will be in position to fill the gap.

LeBron and the Entourage

Don McNay | Posted 08.14.2011 | Sports
Don McNay

A real friend would tell a guy like LeBron James that he is really messing up his image and his brand. But his yes-men entourage never will. They don't want to get kicked off the gravy train.

A Different Look at Life Insurance

Don McNay | Posted 07.14.2011 | Business
Don McNay

Why give your family a lump sum and have them blow it? Most insurance policies have options to pay out over time, but few people use them. It limits them to the terms of the insurance company. Thus, I came up with a simple system.

Elvis and the Definition of Happiness

Don McNay | Posted 11.17.2011 | Healthy Living
Don McNay

"I believe the key to happiness is someone to love, something to do, and something to look forward to." -Elvis Presley The King had it right. If...

The Person We Should Be Moving Our Money to

Don McNay | Posted 05.28.2011 | Business
Don McNay

Over 4 million people moved their money from Wall Street Banks in 2010, according to Sara Ackerman, project coordinator for Move Your Money. I bought...

The Opening Round in the Battle to Implement Health Care Reform

Don McNay | Posted 05.25.2011 | Business
Don McNay

A recent battle in my home state of Kentucky gives a good preview of how the national battle to implement health care reform is going to go -- kicking and screaming.

Have We Lost Our Common Sense?

Don McNay | Posted 05.25.2011 | Books
Don McNay

Corbin, Kentucky's Bob Terrell is a man rooted in small-town wisdom.

All the Devils Are Here: Best Business Book of the Year

Don McNay | Posted 05.25.2011 | Business
Don McNay

McLean and Nocera don't give us an idea as to where to look for angels. But the book is comprehensive, and I feel certain that all the devils are here.

Financial Fitness and Physical Fitness

Don McNay | Posted 05.25.2011 | Business
Don McNay

Most of us want to be physically fit, but very few of us are. The same holds true with financial security. As my father (and many others) used to say, "A lot of people want to go to heaven but no one wants to die to get there."

Third World America: Is Living a Normal Life a Political Statement?

Don McNay | Posted 05.25.2011 | Impact
Don McNay

America is going through economic chaos. But a lot of other things are going on, too. There aren't enough of us living normal, stable lives.

Eat, Pray, Love and the Economic Crisis

Don McNay | Posted 05.25.2011 | Books
Don McNay

Liz Gilbert said of Italy, "In a world of disorder and disaster and fraud, only artistic excellence is incorruptible." I have pondered her insight for weeks. I keep asking myself the essential question. Is the US headed the way of Italy?

Bailouts Don't Work: The Lotto Winners Study

Don McNay | Posted 05.25.2011 | Business
Don McNay

You can see why bailouts fail. Wall Street and lottery winners have a common bond. They have access to easy money without restraints.

The Hangover From America's Bailout Party (VIDEO)

Don McNay | Posted 05.25.2011 | Business
Don McNay

For a decade, Wall Street was playing funny money games, and many Americans also felt like they were invited to the celebration. We were living in fantasy land, but the fantasy is over and we woke up to a nightmare.

What American Dream? Why the Social Elevator Stalls

Rabah Ghezali | Posted 05.25.2011 | World
Rabah Ghezali

From all the countries that have been studied, the United States is the one where the gap between the academic performance of wealthy and poor families remains the widest.

Is Main Street Ready for the Second Wave of the Recession?

Don McNay | Posted 05.25.2011 | Business
Don McNay

The phrase "double-dip recession" means little to most of us. To people on Main Street, it hasn't been been a "dip". We took a drop to the bottom two years ago and stayed there.

Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011 | Business
Don McNay

If there was ever a shining example of why you should Move Your Money from Wall Street, legalized loan sharking is a good one.

Citi Field: Baseball's Symbol of Why You Should Move Your Money

Don McNay | Posted 05.25.2011 | Business
Don McNay

Houston was able to find a stadium sponsor to replace Enron. A city as big as New York should be able to find a sponsor for the Mets' field that is not funded by the American taxpayers.