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Million Dollar Round Table

Life Insurance Advisor: Out of the Closet

Don McNay | Posted 11.13.2014 | Business
Don McNay

I've called myself other titles, masking that my income comes from the life insurance industry. There are multiple reasons why my lifetime occupation became a semi-hidden secret. The industry itself went through the same kind of identity crisis.

Clay Bigler, CSSC, Overcoming Adversity to Achieve Success

Don McNay | Posted 04.20.2014 | Impact
Don McNay

Thank God my daughter Gena didn't listen to me. She never listened to me much, but this is one where Dad was dead wrong. She fell for him immediately, and after 20 years, you would think they were still on a honeymoon. I was right about the 30 guys that I ran off before him, but completely missed on Clay.

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.

Job Hunting Skills From the School of Hard Knocks

Don McNay | Posted 04.02.2012 | Business
Don McNay

I could have skipped the 500 resumes if I had better understood the importance of networking. I get frustrated watching some people try to network. They get too aggressive, telling people they need a job rather than letting businesses know why they should be hired.

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.

My Story: Why People Need Wills

Don McNay | Posted 10.17.2011 | Business
Don McNay

I have a will. I tell anyone who comes in my door to get one. No matter how old or young, rich or poor, I tell them they need a document that will specify what happens with their assets when they die.

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...

Betting on a 2011 Kentucky Derby Winner

Don McNay | Posted 07.05.2011 | Sports
Don McNay

When making your Derby bet, forget all the high powered systems and strategies and give it your best guess.

College Graduation: A Very Special Mother's Day Gift

Don McNay | Posted 07.04.2011 | College
Don McNay

Sunday, May 8 is Mother's Day this year. It is also graduation day at Northern Kentucky University. I'll be at Northern, watching my nephew, Nick McNay, go through the graduation procession.

Ashley Judd and the Quest for Perfection

Don McNay | Posted 06.23.2011 | Books
Don McNay

Ashley Judd appears to have a perfect life, and being the sibling of a perfect child can be tough. Just like Wynonna, I have a problem with food.

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.

UPDATED: What to Do if You Win the Mega Million Jackpot & can you stay anonymous

Don McNay | Posted 05.25.2011 | Business
Don McNay

You would think that after having overcome trillion-to-one odds, the idea of running through the money would seem silly to most lottery winners. But 90 percent of people do just that within five years of winning the jackpot.

Bill Collectors Communicating With the Dead

Don McNay | Posted 05.25.2011 | Business
Don McNay

The Wall Street Journal posted a story about Portfolio Recovery Associates, one of the nation's largest debt collectors, using the signature of a woman named Martha Kunkle, who died in 1995.

A 60 Second Explaination of Immediate Annuities

Don McNay | Posted 05.25.2011 | Business
Don McNay

2010-12-22-pizzamoney.jpgYour relationship with your money compares to a dieters relationship to food.

Jimmy V, Elizabeth, Aretha & The Economics of Cancer

Don McNay | Posted 11.17.2011 | Healthy Living
Don McNay

We have become a nation where our leaders can throw billions at places like Goldman Sachs, which does nothing to touch the lives of average Americans, but underfund the war against cancer, which touches almost every family.

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.

Byron Crawford, Bard of the Backroads

Don McNay | Posted 05.25.2011 | Books
Don McNay

Crawford's new book, Kentucky Footnotes, appears to be anthology of some his most interesting columns from his 29 years as an award-winning columnist. It's more than that.

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.