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Don Mcnay

Death By Lottery

Don McNay | Posted 05.25.2011 | Business
Don McNay

Abraham Shakespeare should have been on top of the world. In 2006, he won $16.9 million in the Florida lottery. Last week, they found his body buried five feet deep under concrete.

Video for Bernanke and the Wall Street Versus Main Street Litmus Test

Don McNay | Posted 05.25.2011 | Business
Don McNay

The Bernanke vote is different. It is not about Republican and Democrat. It is a vote on whether a senator is listening to Wall Street or Main Street.

It's Time to Teach Children About Money

Don McNay | Posted 05.25.2011 | Business
Don McNay

I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.

Video of What To Do When You Win the Lottery

Don McNay | Posted 05.25.2011 | Business
Don McNay

This video of Greg Stotelmyer of ABC36 in Lexington, Ky interviewing Don McNay, author of Son of a Son of a Gambler: What To Do When You Win The Lo...

2010: The Year Main Street Sticks It to Wall Street and Washington

Don McNay | Posted 05.25.2011 | Business
Don McNay

If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.

Washington: Totally Disconnected From Main Street

Don McNay | Posted 05.25.2011 | Business
Don McNay

Operating a business on Main Street is a lot different than lecturing at the Harvard Economic Club. The team Obama surrounded himself with has spent way more time in a faculty lounge than in the corner barber shop.

Small Town Values in a Big Time Lawyer

Don McNay | Posted 05.25.2011 | Impact
Don McNay

It could be that President Obama is a small town guy after all. His early adulthood on the south side of Chicago is where he found a "small town" environment that embraced him.

Advice for the Unknown Lottery Winner

Don McNay | Posted 05.25.2011 | Business
Don McNay

After having overcome trillion-to-one odds, the idea of running through the money would seem silly to most winners. However, studies shows that 90% of people blow all their money within five years of winning the jackpot.

Just Say "No" to Adult Children Wanting Money

Don McNay | Posted 05.25.2011 | Business
Don McNay

You are not doing your children any favors by not allowing them to grow up. I'm OK with parents helping children through college (in four years, not forty), but after that they are on their own.

President Obama's Entrepreneurial Mindset

Don McNay | Posted 05.25.2011 | Business
Don McNay

I have not seen much evidence of Obama being in touch with small-town Kentucky, but after reading David Plouffe's new book, The Audacity to Win, I have become convinced that he knows what it takes to run a business.

Postage and Other Economic Outrages Against Soldiers

Don McNay | Posted 05.25.2011 | Business
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Don McNay

America ships soldiers off to Afghanistan and Iraq for free. If you come back in a body bag, they ship that back for free, too. However, we make families who send soldiers socks, food and underwear pay shipping costs.

Is Credit Evil?

Don McNay | Posted 05.25.2011 | Business
Don McNay

I've watched many people get in trouble with upside down car loans, second mortgages or high interest rate financing. Credit keeps many people from living within their means. Then a friend told me he was buying a large house.

Like Lottery Winners, Pro Athletes Also Blow Big Money

Don McNay | Posted 05.25.2011 | Business
Don McNay

Even as a structured settlement consultant, I was stunned to learn that within two years of retirement, 78 percent of NFL players are bankrupt or under financial stress.

The Lottery Question

Don McNay | Posted 05.25.2011 | Business
Don McNay

Everyone has dreams and desires but usually keep them hidden, back in the recesses of their minds. The lottery question gets those dreams and desires out in the open, on the front burner.

Today Is the Day to Cut Up Your Credit Cards

Don McNay | Posted 05.25.2011 | Business
Don McNay

When three people who know about money go to the extreme of not owning any credit cards, others might want to take note.

Dreams of My Absent Father

Don McNay | Posted 11.17.2011 | Healthy Living
Don McNay

When I read the Obama quote about fathers, it made me wonder what side of the equation I fell on. Was I living up to my father's expectations or making up for his mistakes?

Free and The Search for Economic Innovation

Don McNay | Posted 05.25.2011 | Business
Don McNay

As we look at life after the financial crisis, we need to turn traditional thinking on its head. Picking up a copy of Chris Anderson's Free is a good place to start.

Are You Cut Out To Be Self Employed?

Don McNay | Posted 05.25.2011 | Business
Don McNay

Before a person decides on self employment, they need to figure out how important five o' clock is in their lives.

Renegade and Dreams of My Absent Father

Don McNay | Posted 05.25.2011 | Media
Don McNay

Obama's election was not only a door opener for people of color. It also showed that people with absent dads, or no dad at all, can grow up and live in the White House.

The Simple Health Insurance Solution

Don McNay | Posted 05.25.2011 | Business
Don McNay

I've had my own angry, screaming battles with my health insurance carrier. It seems everyone I've talked to has had a similar experience. I just don't see them marching on Washington about it.

Bait and Switch Business Relationships

Don McNay | Posted 05.25.2011 | Business
Don McNay

Sometimes entrepreneurs are so focused on a higher goal that they forget about the people who help get them there.

Playing the Hand that Life Deals You

Don McNay | Posted 11.17.2011 | Healthy Living
Don McNay

I've dealt with hundreds of parents of special needs children. They take the hand that is dealt to them. And usually turn that hand into aces.

Walter Cronkite, a Journalism Role Model

Don McNay | Posted 05.25.2011 | Media
Don McNay

Although I am sure that Walter Cronkite had friends in politics, he did not give money to political campaigns or actively support candidates. I won't either.

Hank Paulson, Up To His Old Tricks

Don McNay | Posted 05.25.2011 | Business
Don McNay

Last year, I wrote that I felt that the American people were being conned. As I watch Paulson testify in front of Congress today, I KNOW we're being conned.

Michael Jackson, Elvis and Professional Hangers On

Don McNay | Posted 05.25.2011 | Business
Don McNay

Michael Jackson and Elvis died too young. They had the same handicap that many people with money acquire, the entourage.