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A Main Street Guide to Making Money

Lessons From the School of Hard Knocks

Don McNay | Posted 03.04.2012 | Small Business
Don McNay

After nearly 30 years of helping people with their money, I figured out long ago that financial issues were rarely about rates of return or asset allocation. Money is usually about emotions. Most of the time, people are using money to buy something that is missing in their lives.

John Boel, On the News, In the News

Don McNay | Posted 01.17.2012 | Media
Don McNay

On the bottom of the front cover was his picture in a mug shot. As the legendary attorney Frank Haddad said, "no one looks good in a mug shot." John Boel didn't either. The Louisville news anchor who won seventy Emmy awards had a problem.

Al Smith: A Trip From Darkness to Glory

Don McNay | Posted 01.01.2012 | Books
Don McNay

What makes Wordsmith a fascinating book is Smith's life and the gut-wrenching honesty with which he tells the story of how he overcame self-destruction. It might be one of the best books written about overcoming the grips of alcohol addiction.

Baby Boomer's Method to Occupy Wall Street

Don McNay | Posted 12.07.2011 | Fifty
Don McNay

If I were 22 instead of 52, I'd probably be out on the streets. Instead, like most baby boomers, I'm watching the revolution on television. And supporting the protesters in a middle-aged way.

Has Bank of America Pulled a Netflix?

Don McNay | Posted 12.05.2011 | Business
Don McNay

Three years after US taxpayers bailed Bank of America out by giving them part of the $700 billion bailout, they repaid Congress by slapping their customers in the face with a $5 a month fee for using a debit card. Bank of America may have sparked its "Netflix movement."

Bernanke and the War on Senior Citizens

Don McNay | Posted 11.23.2011 | Small Business
Don McNay

If you follow what the Federal Reserve is doing, all the moves are designed to protect Wall Street at the expense of Main Street.

Small Town Publisher With Big Time Impact

Don McNay | Posted 11.22.2011 | Impact
Don McNay

Countless people have told me their personal stories about something Al did to make a difference in their lives. Al doesn't discriminate. I've had multimillionaires, manual laborers and journalists all tell me their stories about how Dr. Smith touched their lives.

Are You Cut Out to Own Your Own Business?

Don McNay | Posted 11.15.2011 | Business
Don McNay

Most people want a regular work routine. Their lives are based on forty-hour work weeks and steady paychecks. When people tell me they want to start their own business, I ask them whether they can really live without regular income.

Bob Edwards: A Voice in the Box

Don McNay | Posted 11.08.2011 | Books
Don McNay

The "juicy part" of the book was the story of Edwards' controversial firing from Morning Edition. Although Bob does not dig up a lot of dirty laundry on people in the book, he does tell his story completely and fully.

September 11 Anniversary: A Chance for Main Street to Reflect and Take Economic Action

Don McNay | Posted 11.02.2011 | Business
Don McNay

Until Washington gets the courage to trust the American people to handle hard and sobering decisions -- and develops a plan of action that does not favor one interest group over another -- real economic solutions are not going to come from Washington.

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.

The Path Towards Wealth Without Wall Street

Don McNay | Posted 09.17.2011 | Business
Don McNay

Like many, I am angry. Washington and Wall Street are tied at the hip and spend most of the time talking to each other. They have social and economic connections and media outlets devoted to promoting their philosophies.