Lexington Ky

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President Obama's Entrepreneurial Mindset

Don McNay | Posted 11.17.2009 | Business

Read More: Hawaii, Al Gore, Small Business, Entrepreneurial Time System, Toronto, Small Town, 1976 Election, George W. Bush, Single Mothers, President Obama, Entrepreneurs, Kentucky Guardianship Administrators LLC, David and Goliath, The Audacity to Win, Senators, Ellen, Political Organizing, Larry King, Lexington KY, Richmond Ky, John Kerry, William Jennings Bryan, Xerox, Steven Jobs, 2008 Campaign, The Strategic Coach, American College, Ibm, Wall Street, African Americans, Google, McNay Settlement Group, Bill Clinton, John McCain, Impossible Goals, Microsoft, Washington Insiders, Kentucky, Don McNay, Bill Gates, 2008 Election, Southern Politics, David Plouffe, Entrepreneurial, Main Street, Structured Settlements, Ross Perot, Vanderbilt University, Jay Leno, George Wallace, Dan Sullivan, Oprah, Million Dollar Round Table, Eastern Kentucky University, Jimmy Carter, Hillary Clinton, Obama Calls Small Towns Bitter, Tyra Banks, Fundraising, Entrepreneurship, David Lettterman, Nssta, Business News

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.

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

Don McNay | Posted 10.27.2009 | Business

Read More: Mid Term Elections, Upheaval, Congress, Kentucky Guardianship Administrators, Hank Paulson, Lobbyists, Bailouts, Consumer Spending, Big Money, Roger Ailes, Lawrence Summers, Arianna Huffington, State Legislature, Cnbc, Economic Pain, Unemployed, Lexington KY, Spending Cuts, Wall Street-Washington, Andrew Ross Sorkin, Timothy Geithner, Kenneth Feinberg, Inside the Beltway, McNay Settlement Group, Incumbants, Republican National Committee, City Council, High Unemployment, Ky, Willie Stark, Democratic National Committee, Pay Czar, Fox Business News, Clu, Anger, Louisville, Million Dollar Round Table, Ben Bernanke, Alan Greenspan, Bonuses, Czars, Jefferson Airplane, Small Business, President Obama, Congressional Elections, 2010 Elections, Washington, Main Street, donmcnay.com, Tea Parties, Msnbc, Unemployment, Tea Baggers, All the Kings Men, Rural Journalism, Financial Crisis, Housing Crisis, Running for Office, President Bush, Richmond, American College, Incumbant Politican, Personal Finance, Msfs, Chfc, Small Towns, Kentucky, Don McNay, www.mcnay.com, Structured Settlements, Layoffs, Wall Street Bailouts, Wall Street, Vanderbilt University, Robert Penn Warren, Self Dealing, Eastern Kentucky University, Fox News, Certified Structured Settlement Consultant, Glenn Beck, Cssc, Too Big to Fail, Bill O'Reilly, Business News

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.

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Just Say "No" to Adult Children Wanting Money

Don McNay | Posted 10.20.2009 | Business

Read More: Iphone, Kentucky Guardianship Administrators, Children, Cspan, Addictions, Big Money, Roger Ailes, Bad Luck, Parenthood, Reagan, Cnbc, Injury Settlements, Lexington KY, 401k, Richmond Ky, Morning in America, Ncaa Basketball, Strippers, McNay Settlement Group, Inheritances, Rumeal Robinson, Tough Love, Bankruptcy, Retirement, Retired and Broke, Medical Expenses, Fox Business News, Clu, Just Say No, Soldiers, Enabling, The American College, Million Dollar Round Table, College Tuition, Foreclosures, Ambition, Helen Ford, Frontline, Special Needs Children, John Prine, Miami News Times, Ohio University, Budgeting, Msnbc, Failure to Launch, Financial Crisis, Aarp, Senior Citizen Bankruptcy, Personal Finance, Newsweek, Balanced Life, Msfs, Borrowing Money, Lotteries, Chfc, Foster Children, Kentucky, Don McNay, NBA Basketball, www.mcnay.com, Structured Settlements, www.donmcnay.com, Mortgage, Vanderbilt University, Eastern Kentucky University, Fox News, University of Michigan, Afghanistan, Mooching, Cssc, Caddilac, Business News

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.

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It's Time to Teach Children About Money

Don McNay | Posted 10.12.2009 | Business

Read More: Keen Johnson, Kentucky Governor, Kentucky Guardianship Administrators, Children, Have and Have Nots, School Curriculum, Rowman & Littlefield, Cell Phone, Gambling, Bailout, Lexington KY, Dollar, Grade School, Timothy Geithner, Happy Chandler, Financial Meltdown, Great Depression, McNay Settlement Group, Ipod, Educators, Ky, Clu, Savings Rate, Education, Louisville, Son of a Son of a Gambler, Million Dollar Round Table, High School, Ben Bernanke, Teachers, Investments, John Mellencamp, Frugal, Main Street, Darwin, Keen Babbage, Financial Crisis, The American College, Richmond, Personal Finance, Impact, Casinos, Msfs, Structured Settlement, Lottery, Chfc, Handling Money, Kentucky, Payday Loans, Don McNay, Hank Paulsen, Slot Machines, Recession, Henry Clay High School, Credit Cards, Wall Street Bailouts, Wall Street, Vanderbilt University, Eastern Kentucky University, Certified Structured Settlement Consultant, Cssc, Extreme Economics, Too Big to Fail, Payday Leading, Business News

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

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Today Is the Day to Cut Up Your Credit Cards

Don McNay | Posted 09.24.2009 | Business

Read More: Household Finance, Main Street and Wall Street, Chartered Financial Consultant, Banking Collapse, Bailouts, Card Balance, Cnbc, Maria Bartiromo, Injured People, Steve Wynn, Lexington KY, Lottery Winners, Second Mortgages, McNay Settlement Group, Trial Lawyers, Son of a Gambler, Big Brother, Consumer Loans, Gretchen Peters, Bookmaking, Furniture Loans, Andrew Kahr, Mgm, Joe Nocera, MGM Mirage, New York, Fox Business News, Las Vegas, Clu, Dave Ramsey, Louisville, Million Dollar Round Table, India, Credit Card, Sports Betting, A Piece of the Action, Lake Tahoe, Small Business, Credit Card Data, Certified Structured Settlement Consultant, Main Street, Federal Reserve, South Dakota, Bank Products, Christina Binkley, Cincinnati, Betting, Financial Crisis, American College, Personal Finance, Casinos, Msfs, Structured Settlement, Pay Off the Balance, Chfc, Federal Reserve Study of Consumer Finance, Car Loans, Kentucky, Don McNay, Chartered LIfe Underwriter, First Deposit Corporation, Reno, Structured Settlements, Business Books, Cnn, Credit Cards, Subprime Mortgages, Small Town Banks, Vanderbilt University, Bank Bailouts, New York Banks, Eastern Kentucky University, Fox News, New York Times, Harrah's, New York Times Columnists, Cssc, Richmond Ky, Odds Makers, Too Big to Fail, Winner Takes All, Harrahs, Providian, Business News

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

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Renegade and Dreams of My Absent Father

Don McNay | Posted 09.08.2009 | Media

Read More: John F. Kennedy, Al Gore, Dreams of My Father, Obama, Sarah Palin, Reagan, Gambling, Unwed Mothers, Politics, 2008, Richmond Ky, John Edwards, Richard Wolffe, The Making of the President 1960, The Daily Beast, Lexington KY, Bookmaking, Obama Haters, Covington Catholic High School, Richard Wolffe Renegade, Barack Obama, Adoption, Clu, Playboy Magazine, Playboy Mansion, Born Again, Louisville, Million Dollar Round Table, Son of a Son of a Gambler, Obama's Dreams of My Father, Hillary Clinton, Nixon, Sports Betting, George Bush, 2008 Elections, Playboy, Keith Olbermann, Msnbc, President of the United States, George H.W. Bush, Single Parents, Gerald Ford, Cincinnati, Betting, American College, Newsweek, Playboy Bunnies, Covington Kentucky, Bill Clinton, Structured Settlement, Msfs, John McCain, Michelle Obama, Annuities, Chfc, Countdown With Keith Olbermann, Father's Expectations, Don McNay, 2008 Election, Barack Obama 2008, Structured Settlements, Vanderbilt University, Renegade Obama, Playboy Bunny, 2008 Presidential Race, Eastern Kentucky University, George W Bush, Fatherhood, Certified Structured Settlement Consultant, Cssc, Hugh Heffner, Renegade, Media News

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.

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Hank Paulson, Up To His Old Tricks

Don McNay | Posted 08.16.2009 | Business

Read More: Kentucky Governor, Congress, Wall Street Bailout, Sherrif, Hank Paulson, Aig Bonuses, Kentucky, Aig, Don McNay, Fox Business Network, Structured Settlements, Goldman Sachs, Cnbc, Bailout, Ernie Fletcher, Henry Paulson, Million Dollar Round Table, Lexington KY, Business News

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.

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Getting Rich and the Marshmallow

Don McNay | Posted 07.25.2009 | Business

Read More: College Students, Predicting Wealth, Thomas Stanley, Stanford Department of Psychology, Defined Benefit Plans, Discipline, Marshmallow, Main Street, Waylon Jennings, Payday-Loans, Positive Psychology, Fox Business Network, Millionaire Next Door, Stress, Billy Joe Shaver, Small Business Owners, Nursery School, Positive Thinking, New Yorker, Billy-Joe-Shaver, Instant Gratification, Dna, Defined Benefit, 401k, Cincinnati, Stanford University, Lexington KY, Richmond, Fox Business CNBC, Personal Finance, Payday Lending, Msfs, The New Yorker, Dr. Thomas Stanley, Chfc, Cnbc, Millionaires, Pensions, Kentucky, Payday Loans, Don McNay, Ky, Walter Mischel, Credit Cards, Sub-Prime Mortgages, Bing Nursery School, Delayed Gratification, Clu, Structured Settlements, College Student Credit Cards, Adult ADD, Wall Street, Heredity, Sat, Million Dollar Round Table, Genetics, Certified Structured Settlement Consultant, Cssc, Chartered LIfe Underwriter, Tax-Anticipation-Loans, Defined-Contribution-Plans, Business News

We have a financial system that has played to people's weaknesses. We have allowed people who are prone to instant gratification to have as much credit as they could get their hands on.

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Chrysler & GM: What Happens if Your Car Blows Up?

Don McNay | Posted 07.04.2009 | Business

Read More: Injury Victims, Trial Lawyers, Ford Pinto, American Bar Association, Uaw, Toyota, Bankruptcy, Tort Reform, Chrysler, GM Bankruptcy, Honda, Bailouts, Kentucky, Don McNay, Ford, Buick, Structured Settlements, American Association for Justice, Insurance, General Motors, Product Liability, Richmond Ky, Hyundai, Traumatic Brain Injury, Lexington KY, Aaa, Detroit Bailout, Detroit, Aaj, Personal Responsibility, Auto Bailout, Personal Finance, Business News

I know I'll never forget that horrible sight, I guess I found out for myself that everyone was right. Won't come back from Dead Man's Curve. -Jan a...

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CNBC Has Become The Gong Show

Don McNay | Posted 06.21.2009 | Business

As a (former) daily viewer, I understood the network's biases but never cared as it usually gave me good information. Now, all they do is yell at me.

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A Fat Guy's Prediction: We Need Leadership or We Will Fall Off the Economic Wagon

Don McNay | Posted 06.19.2009 | Business

Read More: College Students, Spending Habits, Debt, Magic Johnson, Wall Street Bailout, Dieting Tips, Addiction, Weight Loss Tips, Diet, Bailout, Dieting, Cincinnati, McDonald's, Weight Loss, Blood Money, Lexington KY, College Students and Credit Cards, Personal Finance, Payday Lending, Lottery, Lottery Winner, Economic Crisis, Saving Habits, Long Term Economy, Kentucky, Don McNay, Restricted-Calorie-Diet, Credit Card Debt, Credit Cards, Saving Money, Bob Dylan, Sub-Prime Mortgages, Recession, Structured Settlements, Louisville, Credit, Yo Yo Dieting, Tax Refunds, Memphis Blues Again, Tax-Anticipation-Loans, Business News

Unless someone is capable of changing the American psyche, people are going to go back to their old spending habits.

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Empathy for Society's Child

Don McNay | Posted 06.13.2009 | Politics

Read More: Supreme Court, Empathy, Kentucky-Politics, Lobbyists, Janis Ian, President Obama, Addiction, David Souter, Souter Replacement, Obama, Apology, Obama Outsider, At Seventeen, Outsider, Dermotti Dawson, Bob Babbage, Louisville, Racism, Kentucky, Discrimination, Inter-Racial Dating, Louisville Courier-Journal, Lexington KY, Obama Empathy, Twelve Steps, Don McNay, Atonement, Barack Obama, Henry Clay High School, Geeks, Structured Settlements, Sports, Society's Child, Sports Illustrated, Apologies, Pittsburgh Steelers, Eastern Kentucky University, High School, Million Dollar Round Table, Confession, Lexington-Herald-Leader, Nerds, Politics News

I want someone on the United States Supreme Court who can look back at actions that were wrong, feel a sense of injustice and make amends, even if the act happened forty or fifty years ago.

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An Open Letter to Magic Johnson

Don McNay | Posted 05.23.2009 | Business

Read More: Checking Account, Michigan State Spartans, Magic Johnson, Irs, Earned Income Tax Credit, Loan Sharks, California Attorney General, Internal Revenue Service, Michigan State University, Eitc, 2009 Ncaa Tournament, Ncaa, Don McNay, Payday Loans, Basketball, Dream Team, Los Angeles, College Basketball, Mcdonalds, Working Poor, Los Angeles Lakers, Check-Cashing-Store, Jackson Hewitt, Tax Refunds, Banking, Refund-Anticipation-Loans, Louisville, Kentucky, Lexington KY, Nba, Personal Finance, Business News

Who is the real Magic Johnson? The friendly guy who raises money for charities or the guy who encourages people to get high interest loans they don't need?

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Magic Johnson and the Tax Refund Rip-off

Don McNay | Posted 05.08.2009 | Business

Read More: Magic Johnson, Michigan State, NCAA Tournament, MC Hammer, 2009 Ncaa Tournament, Larry-Bird, Irs, Instant Gratification, Ed McMahon, Louisville, Kentucky, Lexington KY, Personal Finance, Interest Rates, H&R Block, Payday Lending, Dream Team, Michigan State Spartans, Fdic, Earned Income Tax Credit, California Attorney General, Internal Revenue Service, Dick Durbin, Michigan State University, Eitc, Ncaa, Don McNay, Payday Loans, Credit Cards, Republic Bank, IRS Tax Refunds Delayed, Los Angeles, College Basketball, Working Poor, HIV/AIDS, College Basketball Tournament, Los Angeles Lakers, Jackson Hewitt, Tax Refunds, San Francisco Chronicle, Banking, Tax-Anticipation-Loans, Nba, Business News

Because of Johnson, the tax refund business might stick around, luring in more millions of Americans.

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Fix the Airlines Instead of Bailing Out Wall Street

Don McNay | Posted 05.02.2009 | Business

Read More: Indianapolis, Wall Street Bailout, Small Business, Sales, Ronald Reagan, Img, Faa, Business Travelers, Bailouts, Cincinnati, Travel, Airport Security, Business, Southwest Airlines, Air-Traffic-Control, Airport Delays, Memphis, Dayton, Louisville, Marketing, Kentucky, Lexington KY, Delta Airlines, Northwest Airlines, Bill Clinton, Air Traffic Control, Mark McCormick, United Airlines, Washington DC, Airports, Don McNay, Harvard Business School, American Airlines, Air Travel, Airline Industry, Los Angeles, Knoxville, Bermuda, Business Travel, Deregulation, Jimmy Carter, Entrepreneurship, Airlines, Productivity, Chris Rock, Business News

I used to schedule an out of town trip then meetings the next day. Now I can't. I am not sure if I will get back or if I will get home exhausted and stressed.

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Stop the Financial Services "Super Czar" (Updated)

Don McNay | Posted 04.20.2009 | Business

Read More: Fiddler on the Roof, Wall Street Bailout, Populism, Hank Paulson, Shelia Bair, Main Street, Regulation, Bailout, Insurance, Obama Average Americans, Washington, Kentucky, Constitution, Wall Street Bonuses, Lexington KY, National-Association-of-Insurance-Commissioners, Personal Finance, State-Insurance-Regulators, Fdic, Financial Services, Systemic-Risk, Aig, Don McNay, Representative-Government, Insurance Companies, FDIC Chairman Sheila Bair, Barack Obama, Wall Street Regulators, Tim Geithner, Deregulation, Car Czar, Banking Crisis, Ben Bernanke, Systemic Risk Regulator, House Financial Services Committee, Bailout Outrage, Business News

There has been talk about appointing a new "Systemic Risk Regulator." This "Super Czar" would oversee all of the financial services industry. We had a "Super Czar" last year. His name was Henry Paulson.

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Powerball Jack and the Wall Street Bailout

Don McNay | Posted 04.16.2009 | Business

Read More: John Thain Decorator, John Thain, Wall Street Bailout, West Virginia, Main Street, Powerball Winner, Immediate Annuities, Jack Whitaker, Wv, Gambling, Merrill Lynch, Private Jets, Hurricane West Virginia, Kentucky, Wall Street Bonuses, Lexington KY, Personal Finance, Casinos, Lottery, Toliets, Annuities, Lotteries, Powerball, Lottery Winner, Charleston, Aig, Don McNay, Structured Settlements, Wall Street, Citigroup Bailout, Annuity, Citigroup, Business News

If the people on Wall Street knew that no one would ever be there to bail them out, ever again, they would be less inclined to gamble with instruments they don't really understand.

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MBNA Claims to Have Talked to My Dead Mother about Credit Card

Don McNay | Posted 04.04.2009 | Business

Read More: Debt Collectors, Banks, New York Times, Kentucky, Cincinnati, Don McNay, Mbna, Credit Cards, Lexington KY, Whoopi Goldberg, Personal Finance, Arbitration, Business News

My mother allegedly died in 2006. I say allegedly because a collector representing MBNA said he talked to her on June 21st.

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Looking for Bailout Love in All the Wrong Places

Don McNay | Posted 04.03.2009 | Business

Read More: Citigroup CEO, Wall Street Bailout, Hank Paulson, Wayne Rogers, Lobbyists, Credit Card Rates, Todd Thomson, Fox Business Network, Common Sense, Aig, Citigroup Rescue, Bailout, Insurance, Maria Bartiromo, Hank Greenberg, Mash, Kentucky, Lexington KY, Personal Finance, Credit Card Industry, New AIG Bailout, Bad People, Maurice "Hank" Greenberg, Auto Insurance, Cnbc, AIG Bailout, Don McNay, Credit Card Debt, Credit Cards, Insurance Companies, Insurance Industry, Robert Rubin, Debt Collectors, Citigroup Stock, Credit Card Interest Rates, Wall Street Crisis, Citigroup Bailout, Good People, American Insurance Group, Bad-Deals, Ron Shelp, Good-Deals, Citigroup, Bailout Outrage, Business News

Citigroup and AIG employ thousands of good people. But they have had rotten apples in leadership. They created a culture that is probably impossible to change or fix.

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The Search for a Bailout End Game

Don McNay | Posted 03.27.2009 | Business

Read More: John F. Kennedy, Iraq Surge, Congress, Automaker Bailout, Wall Street Bailout, Howard Beale, Economy, Rick Santelli Video, Economic Crisis, Aig, Cincinnati, Don McNay, Stimulus, Henry VIII, Barack Obama, Rick Santelli Revolution, Thomas More, US Economy, Iraq War, Wall Street Crisis, Economic Stimulus Package, Bailout, Henry Paulson, Kentucky, Rick Santelli, Economic Stimulus, Lexington KY, Republicans, Citigroup, Business News

Every bailout plan reminds me of an economic re-run of the Iraq war: There is a lot of panic. A hastily written plan sweeps through Congress without scrutiny. The plan is expected to "shock and awe" us.

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A Wall Street Kind of Scandal on Lexington Ky's Main Street

Don McNay | Posted 02.11.2009 | Business

The Lexington scandal helped me understand why some in the big city media were going easy on the Wall Street mess, while people like me, living in the heartland, are going crazy about their excesses.

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