Son of a Son of a Gambler

Business Lessons From a Bookmaking Front

Don McNay | Posted 04.12.2012

Read More: McNay Settlement Group, Small Business, Low Wages, Bookmaking, Newport Kentucky, Son of a Son of a Gambler, Don McNay, Long Hours, Outsourcing, Dry Cleaners, Small Business America, Lottery Winners, Business News
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.

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Bubba and Me

Don McNay | Posted 04.09.2012

Read More: Adoptive Parents, Divorce, Washington DC, Don McNay, Adoption, Stepchildren, Marriage, Golf, Bubba Watson, Jim Bunning, National Structured Settlement Trade Association, Single Parents, Joe Prather, Ron Lewis, Son of a Son of a Gambler, David Atkinson, Golfing, Left-Handed Golfers, The Masters, Bubba Watson Wins Masters, The Masters 2012, Bubba Watson Masters, Masters, Bubba Watson Masters 2012, Golfers, Sports News
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.

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Elvis and the Definition of Happiness

Don McNay | Posted 11.17.2011

Read More: Kentucky Guardianship Administrators, Appalachian Regional Commission, Addictions, Lexington Herald Leader, Media, Kentucky Educational Television, Lottery Winners, Elvis, Russellville Kentucky, Ket, Martha Helen Smith, Al Smith, Living, American College, Comment on Kentucky, McNay Settlement Group, Structured Settlement, Institute for Rural Journalism, What to Do When You Win the Lottery, Entertainment, Richmond Kentucky, Alcholic, Aa, Hugh O?Brian Youth Leadership Organization, Don McNay, Elvis Presley, Dr. Al Smith, Memphis, Mike Behler, Vanderbilt University, College, Eastern Kentucky University, Million Dollar Round Table, Jimmy Carter, Son of a Son of a Gambler, University of Kentucky, Commencement, Commencement Central, Hoby, Healthy Living News
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...

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Betting on a 2011 Kentucky Derby Winner

Don McNay | Posted 07.05.2011

Read More: Kentucky Guardianship Administrators, Sunday Silence, Peter Asch, Kentucky Derby, Todd Pletcher, Horses, Racetrack Betting the Professors Guide to Strategies, Colonel Sanders, Vanderbilt, Aig, Pick 6, Arthur Hancock, Kentucky, Keeneland, Churchill Downs, Kfc, Lottery Winners, Lexington, McNay Settlement Group, Citigroup, Lottery, Richmond Kentucky, Books, Townes Van Zant, Super Saver, Richard E Quandi, Louisville, Rolling Stone, Calvin Borel, Million Dollar Round Table, Winners Losers and What to Do When You WIn the Lottery, Son of a Son of a Gambler, Eastern Kentucky University, Personal Finance, Rolling Stones, Horse Racing, Hunter S Thompson, Sports News
Don McNay

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

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Ashley Judd and the Quest for Perfection

Don McNay | Posted 06.23.2011

Read More: Ashley Judd, McNay Settlement Group, Nashville, What to Do When You Win the Lottery, All That Is Bitter and Sweet, The Judds, Naomi Judd, John Travolta, Tony Monaro, Addictions, Don McNay, Food Addictions, Structured Settlements, Wynonna Judd, Vanderbilt University, Richmond Ky, Saturday Night Fever, Million Dollar Round Table, Son of a Son of a Gambler, Eastern Kentucky University, New York Times, Lexington KY, Books News
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.

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Wisdom From a Wealth Wizard

Don McNay | Posted 06.09.2011

Read More: Tom Eblen, Bill Gatton, Hilliard Lyons, Bailouts, Kentucky Democratic Party, Main Street, Lexington Herald Leader, Democratic Party, Ervin Houchens, What to Do When You Win the Lottery, Pete Mahurin, Lexington KY, Gray Construction, Al Smith, Johnny Unitas, Louisville Ky, Mayor Jim Gray, Dixie Mahurin, Msfs, Rand Paul, Move Your Money, Don McNay, Bowling Green Kentucky, Small Town Banks, Vanderbilt University, Banking, Son of a Son of a Gambler, Warren Buffett, Owsley Brown, House of Morgan Jim Gray, Business News
Don McNay

I've spent nearly 30 years around the financial business. I've known a lot of "paper gurus" who can talk a decent game but really don't practice what they preach.

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Keeneland: The Book

Don McNay | Posted 05.25.2011

Read More: Brad Lowell, Thoroughbred, Nick Nicholson, Maryjean Wall, Ted Bassett, Deidre Biles, Northern Kentucky, Keeneland Horse Sales, Richmond Ky, Covington Ky, Katie Couric, Louisville, Cincinnati, Kentucky, Lexington, Mills Brothers, Rick Bailey, Blood Horse Publications, Jacqueline Duke, North Carolina, McNay Settlement Group, Professional Gambler, Senator Wendell Ford, River Downs, Sharon Reynolds, Pebble Beach, Queen Elizabeth, Don McNay, Junior Johnson, CBS Evening News, What to Do When You Win the Lottery, Rena Baer, Fran Taylor, Rogers Beasley, Augusta, Keeneland: A Thoroughbred Legacy, Keeneland, Nascar, Son of a Son of a Gambler, Horse Racing, Kentucky Derby, Latonia, Gambling, Betting, Sports, Sports News
Don McNay

Just give me one more crack at the ol' race track -The Mills Brothers As the son of a professional gambler, I spent a lot of my childhood at race t...

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Big Town, Small Town, Big Time, Journalists From Boston University

Don McNay | Posted 05.25.2011

Read More: Msfs, Headlight Herald, Mountain Eagle, Institute for Rural Journalism and Community Issues, Richmond Kentucky, Chfc, Al Cross, Whitesburg Kentucky, Tillamook Oregon, Oregon, Kentucky, Don McNay, Joe Nocera, Tom and Pat Gish, Fortune Magazine, Ben Gish, CBS Evening News, Clu, Boston University, All the Devils Are Here, Katie Couric, Son of a Son of a Gambler, New York Times, Steven Jobs, University of Kentucky, Cssc, Samantha Swindler, Jacksonville Texas, Rhode Island, Corbin Kentucky, A Piece of the Action, Media News
Don McNay

Boston University could not have produced two more different journalists than my friends Joe Nocera and Samantha Swindler.

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The Opening Round in the Battle to Implement Health Care Reform

Don McNay | Posted 05.25.2011

Read More: Anthem, Kentucky Governor, Blue Cross, Structured Settlement Consultant, Don McNay.Com, What to Do When You Win the Lottery, Paducah, Lexington KY, Obama Health Care, Universal Health Care, Patient Protection and Affordable Care Act, Brereton Jones, American College, Health Care, Msfs, Richmond Kentucky, Chfc, Frankfort Kentucky, Kentucky Access, CBS Evening News With Katie Couric, Kentucky, Congress, Don McNay, Sharon Clark, Health Care Repeal, Insurance Agent, Clu, Louisville, Kentucky Insurance Commissioner, Vanderbilt University, Child Only Health Insurance, Health, Health Care Reform, Health Insurance, Eastern Kentucky University, Million Dollar Round Table, Son of a Son of a Gambler, Cssc, Business News
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.

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

Don McNay | Posted 05.25.2011

Read More: McNay Settlement Group, Structured Settlement, Lottery, Powerball, Kentucky, Don McNay, Mega Millions, Jack Whitaker, What to Do When You Win the Lottery, Richmond Ky, Steve Thornton, Banks, Million Dollar Round Table, Son of a Son of a Gambler, Bowling Green Ky, Personal Finance, Lottery Winners, Business News
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.

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Bill Collectors Communicating With the Dead

Don McNay | Posted 05.25.2011

Read More: McNay Settlement Group, Msfs, Million Dollar Round Table., What to Do When You Win the Lottery, Jim Morrison, Richmond Kentucky, Chfc, Ghost, Portfolio Recovery Associates, Kurt Cobain, Kentucky, Don McNay, Mbna, Elvis Presley, Structured Settlements, Clu, True Logic, Mann Bracken, Debt Collectors, Wills, Fair Debt Collections Practices Act, Son of a Son of a Gambler, Banks, Cssc, Estate Planning, Estates, Personal Finance, Whoopi, Business News
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.

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Have We Lost Our Common Sense?

Don McNay | Posted 05.25.2011

Read More: McNay Settlement Group, Pittsburgh Pirates, Structured Settlement, Bob Terrell, Back Roads, Small Town, Richmond Kentucky, Have We Lost Our Common Sense, Andy Griffith, Washington, Winners Losers and What to Do When You WIn the Lottery, Kentucky, Main Street, Don McNay, Los Angeles Lakers, Vanderbilt, Frank Selvy, Wall Street, US Marines, Kenny Chesney, Million Dollar Round Table, Son of a Son of a Gambler, Eastern Kentucky University, Roy Kidd, American College, Corbin Kentucky, Books News
Don McNay

Corbin, Kentucky's Bob Terrell is a man rooted in small-town wisdom.

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Byron Crawford, Bard of the Backroads

Don McNay | Posted 05.25.2011

Read More: McNay Settlement Group, Structured Settlement, Msfs, Kentucky Journalism Hall of Fame, Million Dollar Round Table., Lotteries, Chfc, Richmond Kentucky, Andy Griffith, John Mellencamp, Patrick Henry Hughes, Books, Kentucky, Don McNay, Elvis Presley, What to Do When You Win the Lottery, Clu, Oprah Winfrey, Louisville, Elvis, Extreme Home Makeover, Eric Crawford, Kentucky Footnotes, Courier Journal, Louisville Courier Journal, Rural Journalism, Son of a Son of a Gambler, Byron Crawford, Cssc, Lexington, Waky, Books News
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.

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Financial Fitness and Physical Fitness

Don McNay | Posted 05.25.2011

Read More: Social Security, National Basketball Association, Global Economy, Defined Benefit Plans, Main Street, Retirement Account, donmcnay.com, China, Mutual Fund, Nba, Subprime, Immediate Annuity, American College, Entourage, Personal Finance, Tipping, Lottery Winners, Ira, McNay Settlement Group, Financial Security, Structured Settlement, Msfs, Bankruptcy, Chfc, Pensions, Risk Management, Move Your Money, Kentucky, Don McNay, Medicaid, Structured Settlement Annuity, Physical Fitness, Bill Gates, Antoine Walker, Obesity, Clu, Financial Habits, Savings Rate, Credit Cards, Wall Street, Vanderbilt University, Abraham Shakespeare, Million Dollar Round Table, Winners Losers and What to Do When You WIn the Lottery, Son of a Son of a Gambler, Eastern Kentucky University, Weight Watchers, Warren Buffett, Banks, Medicare, Cssc, Gdp, Annuity, Billionaire, Credit Unions, Business News
Don McNay

Most of us want to be physically fit, but very few of us are. The same holds true with financial security. As my father (and many others) used to say, "A lot of people want to go to heaven but no one wants to die to get there."

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Josh Hamilton, Pete Rose and the Power of Redemption

Don McNay | Posted 05.25.2011

Read More: Kentucky Guardianship Administrators, My Prison Without Bars, Born Again Christian, Pete Rose, Mlb, Barking Fish Entertainment, donmcnay.com, What to Do When You Win the Lottery, Nick McNay, Rehab, Northern Kentucky, Mickey Mantle, John Newton, Josh Hamilton, Bud Selig, Johnny Narron, Ohio, George Vecsey, Adult Baby Sitter, Cincinnati, Lottery Winners, Lexington, Philadelphia, Drug Addiction, Gambling Addiction, Lottery, Mark Turner, Baseball, American League Championship Series, 12 Steps, Terry Lukemire, Jesus, Major League Baseball, McNay Settlment Group, Kentucky, Aa, Don McNay, Texas Rangers, Bottom Out, Ty Cobb, Recovering Addict, Structured Settlements, Clu, 4192, Sports, Sports Illustrated, Louisville, One Day at a Time, Northern Kentucky University, Amazing Grace, Vanderbilt University, World Series, The American College, Son of a Son of a Gambler, Million Dollar Round Table, Eastern Kentucky University, Certified Structured Settlement Consultant, 4192 Crowning of the Hit King, mcnay.com, Peter Rose, Slidepollajax, Sports News
Don McNay

Amazing Grace, how sweet the sound, That saved a wretch like me. John Newton Before he played in his first major league baseball game in 2007, I ...

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Be First in Your Age Group to Embrace Technology

Don McNay | Posted 05.25.2011

Read More: Bureaucracies, Iphone, Kentucky Guardianship Administrators, Universal Broadband, Winners, Economy, Bailouts, Att, American Pie, Texting, Gadgets, Senior Citizens, Driving Miss Daisy, Apple, Daisy Werthan, Technology, Lexington, Boolie Werthan, Personal Finance, Drunk Drivers, Google, McNay Settlement Group, Trial Lawyers, Msfs, Baby Boomers, Lotteries, Chfc, Land Line Phone, Kentucky, Don McNay, Video Conferencing, www.mcnay.com, Automated Cars, Ipad, Don McLean, Structured Settlements, Clu, Louisville, Vanderbilt University, Losers and What to Do When You Win the Lottery, Million Dollar Round Table, Son of a Son of a Gambler, Eastern Kentucky University, Computer Nerds, New York Times, Cssc, Google Car, Pda, Technology News
Don McNay

The New York Times recently had a fascinating article about a car that Google is working on that can drive itself. I want one.

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Eat, Pray, Love and the Economic Crisis

Don McNay | Posted 05.25.2011

Read More: Small Business, Kentucky Guardianship Administrators, Civil Rights Act, Eat Pray Love, Dr. Lawrence Summers, Lobbyists, Retirement Plans, Fox Business News, Main Street, donmcnay.com, The Fed, Student Loan Debt, Lawrence Summers, That's Amore, Harvard, Goldman Sachs, Dean Martin, Move Your Money, Opinion Polls, Timothy Geithner, Debt Free U, Bought and Paid For, American College, Wall Street Bonuses, Lottery Winners, McNay Settlement Group, Msfs, Italy, Zac Bissonnette, Life Insurance Companies, Pizza, Richmond Kentucky, Chfc, Books, Elizabeth Gilbert, Charlie Gasperino, Kentucky, Third World Nation, Don McNay, www.mcnay.com, Student Loans, Wall Street Compensation, Clu, 24 Hour News Cycle, Charles Gasperino, The Italians, Wall Street, Wealth Withouth Wall Street, Vanderbilt University, Million Dollar Round Table, Son of a Son of a Gambler, Eastern Kentucky University, Public Financing of Elections, Eat Pray Love Movie, Ben Bernanke, Personal Finance, Luigi Barzini, Fox News, Arianna Huffington, Cssc, Books News
Don McNay

Liz Gilbert said of Italy, "In a world of disorder and disaster and fraud, only artistic excellence is incorruptible." I have pondered her insight for weeks. I keep asking myself the essential question. Is the US headed the way of Italy?

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Bailouts Don't Work: The Lotto Winners Study

Don McNay | Posted 05.25.2011

Read More: Journal of Political Economy, Debt, Kentucky Guardianship Administrators, Lobbyists, Addictions, Bailouts, Vanderbilt, What to Do When You Win the Lottery, Goldman Sachs, University of Pittsburgh, Richmond Ky, The Ticket to Easy Street, Mark Hoekstra, Lottery Winners, McNay Settlement Group, Bankruptcy, Wealth Without Wall Street, Mr. T, Lakeland, Clu, The Financial Consequences of Winning the Lottery, Abraham Shakespeare, Million Dollar Round Table, Henry Paulson, Son of a Son of a Gambler, Cat Stevens, Ben Bernanke, Fantasy Five, mcnay.com, Rocky, Clubber Lang, Paige Marta Skiba, Tampa, Rocky II, Main Street, Obama, Lotto, donmcnay.com, Florida Bankruptcy, Orlando, Creditors, Big Money, Fed, Stimulus Package, Entourage, American College, Lexington, Scott Hankins, Msfs, Tax Credits, Government Regulators, Chfc, Move Your Money, Kentucky, Florida Lottery, Homeowners, Don McNay, Structured Settlements, Credit Cards, Wall Street, Vanderbilt University, Eastern Kentucky University, Personal Finance, University of Kentucky, Cssc, Too Big to Fail, Bad Habits, Posse, Business News
Don McNay

You can see why bailouts fail. Wall Street and lottery winners have a common bond. They have access to easy money without restraints.

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The Hangover From America's Bailout Party (VIDEO)

Don McNay | Posted 05.25.2011

Read More: Treasury Department, Congress, 12 Steps, Too Big to Fail, Bailouts, Move Your Money, Hangover, Main Street, Aig, Animal House, Pension Plans, Counterparties, Credit Cards, Aa, Structured Settlements, Goldman Sachs, Unemployment, Wall Street, Maria Bartiromo, The Weekend That Changed Wall Street, Son of a Son of a Gambler, Banks, Henry Paulson, George W Bush, Subprime, Wall Street Bonuses, Personal Finance, Lexington KY, Move Your Money Campaign, American College, Lottery Winners, Richmond Kentucky, Don McNay, What to Do When You Win the Lottery, Vanderbilt University, Eastern Kentucky University, Business News
Don McNay

For a decade, Wall Street was playing funny money games, and many Americans also felt like they were invited to the celebration. We were living in fantasy land, but the fantasy is over and we woke up to a nightmare.

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America's Hangover From the Bailout Party

Don McNay | Posted 05.25.2011

Read More: Treasury Department, Bailouts, Hangover, Main Street, Animal House, Counterparties, Pension Plans, Aa, Aig, Goldman Sachs, Unemployment, Maria Bartiromo, The Weekend That Changed Wall Street, Subprime, Wall Street Bonuses, Wall Street, Personal Finance, 12 Steps, Move Your Money, Congress, Structured Settlements, Credit Cards, Son of a Son of a Gambler, Banks, Henry Paulson, George W Bush, Too Big to Fail, Books News
Don McNay

I've been reading Maria Bartiromo's new book, The Weekend That Changed Wall Street. A better title might have been "The Weekend that Changed the World." It was America's chance to bottom out. We didn't.

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Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011

Read More: Elizabeth Warren, Ohio River, Wall Street Bailout, Kentucky Guardianship Administrators, Financial Reform, Nasdaq, Organized Crime, Addictions, Bank of America, Frank "Screw" Andrews, Cincinnati, Main Street, Jamie Dimon, Gary Rivlin, Northern Kentucky, Bailout, Broke USA, Consumer Protection Agency, American College, Personal Finance, Covington Kentucky, McNay Settlement Group, JP Morgan Chase, Drug Addicts, Nyse, Payday Lenders, Wells Fargo, Too Big to Fail, Move Your Money, Don McNay, Syndicate Wife, Working Poor, Structured Settlements, Screw Andrews, Poverty Industry, Wall Street, Vanderbilt University, Newport Kentucky, Banks, Eastern Kentucky University, Son of a Son of a Gambler, Million Dollar Round Table, Certified Structured Settlement Consultant, Hank Messick, Citigroup, Business News
Don McNay

If there was ever a shining example of why you should Move Your Money from Wall Street, legalized loan sharking is a good one.

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Was "Financial Reform" Really Robin Hood In Reverse?

Don McNay | Posted 05.25.2011

Read More: President Obama, Liqour Stores, Community Banks, Bailouts, Jamie Dimon, Robin Hood, What to Do When You Win the Lottery, Paul Volcker, Lawrence Summers, Wal-Mart, Reverse Robin Hood, Gary Rivlin, Harvard, Lexington KY, Broke USA, Richmond Ky, Citibank, Move Your Money Campaign, George Bailey, Wall Street, Dr Lawrene Summers, McNay Settlement Group, JP Morgan Chase, Msfs, Its a Wonderful Life, Payday Lending, Citigroup, Bill Clinton, Lottery, Mcnay, Chfc, Financial Reform, Move Your Money, Kentucky, Don McNay, Barack Obama, Checking Account Fees, Main Street, Clu, Structured Settlements, Financial Reform Bill, Credit Cards, Poverty Industry, Wall Street Bailouts, Vanderbilt University, Casino, Million Dollar Round Table, Eastern Kentucky University, Son of a Son of a Gambler, Banks, Gram Parsons, Glass-Steagall Act, Certified Structured Settlement Consultant, Arianna Huffington, Cssc, Huffington Post, Too Big to Fail, Credit Unions, Business News
Don McNay

"Financial Reform" will be a boom for people in the payday loan business. There will be many new customers who need bank-like services. It's almost like Congress implemented a plan of "Reverse Robin Hood."

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After Goldman Give Up, Why Would Wall Street Be Scared of SEC?

Don McNay | Posted 05.25.2011

Read More: Goldman Sachs, Sec, Wall Street, Move Your Money, Main Street, Kentucky, Personal Finance, Don McNay, Securities Exchange Commission, Millon Dollar Round Table, Wall Street Bonuses, Son of a Son of a Gambler, Business News
Don McNay

My father was a professional gambler and used to carry a roll of money that he called "walking around" money. Walking around money is what the SEC settled for in the Goldman Sachs case today.

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Citi Field: Baseball's Symbol of Why You Should Move Your Money

Don McNay | Posted 05.25.2011

Read More: Howard Kurtz, Kentucky Guardianship Administrators, Community Banks, Bailouts, Citi Field, MCI Center, Cincinnati, donmcnay.com, Baltimore Colts, Ticket to Ride, Balitmore Ravens, Alan Stein, Goldman Sachs, Enron Field, Reliable Sources, Mike Wilbon, Move Your Money Campaign, Houston, American College, Wall Street, Stadium Financing, Lottery Winners, Lexington, McNay Settlement Group, Msfs, moveyourmoney.info, Baseball, Chfc, Enron, Cleveland Browns, Cincinnati Reds, Move Your Money, Don McNay, Lexington Legends, Congress, New York Mets, New York City, What to Do When You Win the Lottery, Clu, Indianapolis Colts, Cnn, Wall Street Bailouts, Verizon Center, Espn, LeBron James, Vanderbilt University, PSI Net, The Beatles, Million Dollar Round Table, Son of a Son of a Gambler, Eastern Kentucky University, Banks, Arianna Huffington, Personal Finance, Cssc, Huffington Post, Kentucky Community Banks, Too Big to Fail, Citigroup, Mlb, All Star Game, Sports, MLB All Star Game, Business News
Don McNay

Houston was able to find a stadium sponsor to replace Enron. A city as big as New York should be able to find a sponsor for the Mets' field that is not funded by the American taxpayers.

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On Winning the Lottery, "Sin City" & "Big Money"

Don McNay | Posted 05.25.2011

Read More: Al Gore, Lawyers, Mafia, Big Money, Kentucky Lawyers, How the Lottery Changed My Life, Jack Whitaker, Gambling, Financial Planners, Richmond Ky, What to Do When You Win the Lottery, Trust Companies, Cincinnati, Living, American College, Lottery Winners, Personal Finance, Lexington, Kentucky Trial Lawyers, Covington Kentucky, McNay Settlement Group, Msfs, Lottery, Chfc, Lottery Winner, Kentucky Bar Association, Kentucky, Corbin, Don McNay, Las Vegas, Structured Settlements, Clu, Bank Trust Departments, Sin City, Vanderbilt University, Newport Kentucky, Banks, Eastern Kentucky University, Million Dollar Round Table, Son of a Son of a Gambler, Lottery Tickets, Cssc, American Trial Lawyers, Sports Betting, Corbin Kentucky, Business News
Don McNay

Don McNay has been on a book tour, promoting his book, Son of a Son of a Gambler: Winners, Losers, and What to Do When You Win the Lottery. In a ...

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