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Don Mcnay

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

Don McNay | Posted 04.12.2013 | Business
Don McNay

Most people have friends and companions who are within 15 percent of their own income. When that number gets out of whack, the temptation for the person who has money to use it as a source of control increases, and the temptation of the poorer person to justify being subsidized increases as well.

Tax Relief Scams: Where Crime Does Pay

Don McNay | Posted 04.08.2013 | Business
Don McNay

I saw a "pat on the back" news release from the Federal Trade Commission today: "FTC Settlement: Tax Relief Scammers Agree to Pay More Than $15 Million." If you go down a couple of sentences, it notes that the scheme bilked consumers out of $100 million. Crime does pay.

The Master of Mass Tort Administration

Don McNay | Posted 03.29.2013 | Business
Don McNay

Even if you don't know what a mass tort administrator or a class action administrator does, odds are that you have interacted with one at one time.

Is It Time to Make a Bold Move?

Don McNay | Posted 02.22.2013 | Business
Don McNay

Although I am the son of a professional gambler and a lifetime, self-employed entrepreneur, I preach a gospel of being risk-averse when it comes to money. I want people to be secure and have a safety net before they roll the dice on an investment.

Fat Guy in a Zumba Class

Don McNay | Posted 02.10.2013 | Healthy Living
Don McNay

It's taken some serious psychological rewiring to get me to make my health a priority. If I can do it, anyone can. I'm a middle-aged grandpa whose last athletic feats were performed when Jimmy Carter was president.

Winning the Energy Lottery

Don McNay | Posted 02.06.2013 | Business
Don McNay

I grew up in an era of unrest in the Middle East I've lived most of my life with unrest in the Middle East. There is plenty of unrest in the Middle East now. I'd like to make sure that the United States has supplies of energy that actually come from the United States.

Holidays and the Anxiety Closet

Don McNay | Posted 02.02.2013 | Impact
Don McNay

Lending a hand and lending an ear, not just throwing gifts at people, is what the true spirit of Christmas is all about. I'd rather have an hour with a good friend than a brand-new sports car. Anyone with a wide-open anxiety closet will feel the same way.

Five Things to Do if You Win the Powerball Jackpot

Don McNay | Posted 01.23.2013 | Money
Don McNay

Work with a financial advisor who works with more money than you have. There are financial advisors, estate-planning attorneys and trust officers who have worked with $100,000,000 or more. The scorekeeper for your local bowling league is not one of them.

Friends and Your Money: Hanging Onto Both of Them

Don McNay | Posted 01.15.2013 | Money
Don McNay

Since family and friends are the primary reasons that people blow a lump sum, if you can invest in good quality relationships, you can go a long way toward maintaining financial success as well.

Handle Your Money in a Way That Will Let You Achieve Your Dreams

Don McNay | Posted 01.09.2013 | Money
Don McNay

Before you start working towards your dreams, you need to ask a hard question: Are you a saver or a spender? If you are spender, you need to keep focused on saving enough to truly achieve the dreams and things you desire.

Amanda Clayton: Death by Being a Lottery Winner

Don McNay | Posted 12.02.2012 | Crime
Don McNay

Amanda Clayton was not your typical millionaire. In her short life, she won a million dollar lottery in Michigan, was convicted of collecting state welfare money after she got the million dollars and embroiled in a plethora of drama and legal battles. Now she is dead.

Dave Astor: A Journalist's Journalist

Don McNay | Posted 11.28.2012 | Media
Don McNay

Dave's beat allowed him to have close interactions with columnists like Ann Landers, Dear Abby, Walter Cronkite and just about every cartoonist who has ever walked the planet. He writes about those people and experiences in Comic (and Column) Confessional.

The Trailer Park Test for Personal Finance

Don McNay | Posted 11.16.2012 | Money
Don McNay

Recently, an accomplished professional woman told me she had wanted to marry a rich man at one point in her life. My response was why?

My Friend, the CPAP

Don McNay | Posted 10.27.2012 | Fifty
Don McNay

For whatever reason, you don't hear a lot about sleep apnea. People don't know they have it and many that do don't treat it properly.

Youth Unemployment: Is It The Bad Economy Or Inability To Overcome Adversity?

Don McNay | Posted 10.18.2012 | Business
Don McNay

I wonder if young people understand how to deal with adversity. If young people have been sheltered from overcoming failure, they may not understand that adversity ultimately leads to opportunity.

Why Mitt Romney Should Proudly Release His Tax Returns

Don McNay | Posted 10.05.2012 | Politics
Don McNay

Is that Mitt's fault or Congress's fault? If I had Mitt's money, I would be looking for every tax advantage that Congress has to offer. If I were a financial adviser to Mitt Romney, I would be helping him find those tax advantages. Just like any other good adviser would do.

Life Lesson from the Lottery: People Who Are Separated but Not Divorced

Don McNay | Posted 09.07.2012 | Money
Don McNay

Lottery winners have the same financial and social issues that other people have. Only their problems are magnified 1000 percent.

A Facebook Screw-Up Results in Tribute to Great Teacher

Don McNay | Posted 08.26.2012 | Education
Don McNay

Facebook gave me a unique opportunity: the chance to say 'thank you' to a man who made a difference in my life.

John Edwards and the Ed Prichard Example

Don McNay | Posted 08.02.2012 | Politics
Don McNay

Edwards needs to get Prichard's biography. It's a good starting point on redemption and channeling great talents in a productive manner.

Autism and My Grandson's First Swim

Don McNay | Posted 07.20.2012 | Impact
Don McNay

My grandson and I recently went to a baseball game. He is learning about the sport his grandfather loves. While we were there, he completely reprogrammed my cell phone. He fixed a problem in thirty seconds that Apple's tech people couldn't fix in three hours.

Thank You, Single Moms

Don McNay | Posted 07.13.2012 | Home
Don McNay

It's no accident that I fell in love with a single mother. They know how to give unconditional love in a way the average people can't.

Is 401(k) a Ticking Time Bomb?

Don McNay | Posted 07.03.2012 | Money
Don McNay

401(k) plan investments are a primary driver of the investment markets. They are also the reason that many people are pacing the floors at night, worrying if their retirement will get delayed or destroyed.

Business Lessons From a Bookmaking Front

Don McNay | Posted 06.12.2012 | Business
Don McNay

There was one factor that made the dry cleaners a smart business decision. In its back room there was a bookmaking operation and an ongoing card game.

Bubba and Me

Don McNay | Posted 06.09.2012 | Sports
Don McNay

Bubba's wife and son couldn't make the Masters ceremony. Instead they get the rest of their lives to have Bubba in his role as an adoptive dad. It's not as exclusive as being a Masters winner but in making any impact on the world, it's more important.

Is Winning The Lottery A Ticket To Paradise?

Don McNay | Posted 05.13.2012 | Business
Don McNay

Seems like a lot of lottery winners want to tear up the ticket. Some don't verbalize the thought. They just run through the money as fast as they can. Having unlimited wealth is a dream for many people. However, I keep running into others, consciously or subconsciously, who hate the idea of being rich.