McNay on Money

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Holidays and the Anxiety Closet

Posted: 12/06/2012 - Berke Breathed did a wonderful 1980's comic strip called Bloom County. One of the characters would open up an anxiety closet where odd reactions to his deepest fears would jump out.

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When do you stop taking financial risks?

Posted: 09/25/2012 - I know a wealthy, self-made man who made most of his money before age 45. I looked at his financial information and told him, "You are not going to stop working until you drop over dead. If you wanted to retire, you could have done that a long time ago. You like what you do and will never stop."

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Can your business make money?

Posted: 08/14/2012 - The question people forget when starting a small business is "can it make a profit?"

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Why Mitt Romney should proudly release his tax returns

Posted: 08/14/2012 - One of the first things that I tell lottery winners or those who come into big money is to find a top notch team of advisors. My rule of thumb is to find someone who has handled more money than what you are bringing them.

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Thank You Single Moms

Posted: 05/14/2012 - Mother's day has normally been melancholy for me. My mother and sister died in 2006, the same year my marriage ended. After they died, my nephew moved to Kentucky to live with me while he attended college at Eastern Kentucky University.

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Is 401(k) a ticking time bomb?

Posted: 05/01/2012 - Internal Revenue Code section 401(k) is the only section of the US tax code that the average people can cite.

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Betting on a 2012 Kentucky Derby Winner

Posted: 04/27/2012 - Like Hunter Thompson, I'm a native Kentuckian, and an honorary Kentucky Colonel. Like most Kentucky Colonels, I have never worn the linen outfit that Colonel Sanders made famous. You won't see many men at Churchill Downs dressed like a KFC advertisement. On Derby Day, you will see women wearing beautiful hats, several A and B list actors, a number of sports stars, and 100,000 other people in search of one thing:

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Are lottery winnings a ticket to paradise?

Posted: 04/18/2012 - One of the most bizarre lottery winners stories in recent years comes out of Shelbyville Indiana. A man claims to have won a $34.5 million jackpot and supposedly went to great lengths to hide it from the wife he is divorcing.

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Bubba Watson, my kind of guy.

Posted: 04/18/2012 - I knew little about Bubba Watson before he won the Masters Golf Tournament. From the name, I expected a beer drinking, John Daly wanna be. I was dead wrong.

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Preaching the Lottery Winner's Gospel Around The World

Posted: 04/06/2012 - Whenever a jackpot hits record highs, like the Mega Millions lottery did last week, the book climbs to the top of the Amazon charts and I do non stop media appearances. I did over 30 in three days. I did more international appearances, like BBC, than I did local. Being interviewed by the Associated Press and Los Angeles Times got the story in nearly every publication in the world.

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Marketing Lessons from Mobsters

Posted: 02/22/2012 - I learned some wonderful marketing tips from mobsters. I grew up in Northern Kentucky. My father was a professional gambler and the Newport and Covington were heavily influenced, or controlled, by the mafia.

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Common Sense Job Hunting

Posted: 02/01/2012 - I spent a day with a high-powered, high profile friend who mentioned that over 700 people a year ask him to help them get a new job.

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Why Entrepreneurs Aren't Like the Rest of You

Posted: 01/23/2012 - An aspiring life coach has been working to help me improve in several areas. She found some of my old notes (I think they came from listening to the Strategic Coach, Dan Sullivan) about the four habits shared by most entrepreneurs.

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Death of The Last Free Man in America

Posted: 01/04/2012 - I'm mourning the loss, at age 64, of my friend, author and frequent Kentucky political candidate Gatewood Galbraith.

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Baby Boom Professionals Embracing Video Conferencing

Posted: 11/30/2011 - In 1988, MONY Securities in Atlanta invited me to speak at a conference. The president of the company insisted I read an obscure book by John Watts, The Financial Services Shockwave: Survival Tactics for Wall Street and Main Street.

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John Boel, On the News, In The News

Posted: 11/30/2011 - When I walked in the Kentucky Book Fair, I could see that the author in the booth next to mine had to be a television anchor. Handsome, perfect hair, perfect clothes with a woman who looked like a fashion model (I later found it was his wife) assisting him.

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