McNay on Money

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Why the PSA Exam Needs to Stay

Posted: 10/17/2011 - Jim LaBarbara's new autobiography, "The Music Professor," has a section about my dad. LaBarbara said that Big Joe McNay ". . . was bigger than life. He was friends with everyone from (Johnny) Bench and Pete (Rose) to the big politicians. I think he introduced me to half the people in town, everyone seemed to like him."

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A Baby Boomer's Contribution to Occupy Wall Street.

Posted: 10/17/2011 - Anger has been rising on Main Street since the bailouts and the million-dollar bonuses were handed to Wall Street. Washington and Wall Street spent so much time talking to each other that they never noticed the mood of the country and figured it had gone away.

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Bank of America and Why You Should Move Your Money

Posted: 10/17/2011 - Last week, I saw two very different reactions to moves made by two different banks. One bank was once considered "too big to fail." The other is a tiny blip in the banking world.

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Low Interest Rates and Senior Citizens

Posted: 10/17/2011 - In my book, Wealth Without Wall Street: A Main Street Guide to Making Money, I encourage people to make four economic moves:

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Dr. Al Smith: One Day at a Time

Posted: 09/26/2011 - "From Small Things Mama, Big Things One Day Come" -Bruce Springsteen "It's the little things that mean a lot." -Sonny and Cher As noted in the song lyrics, plenty of lip service has been paid to the idea that small acts can have a big impact.

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September 11 Anniversary: A Chance for Main Street to Reflect and Take Economic Action

Posted: 09/26/2011 - In his 1961 inaugural address, President John F. Kennedy urged Americans to "pay any price, bear any burden, support any friend, oppose any foe in order to assure the survival and success of liberty." He also said, "Ask not what your country can do for you-ask what you can do for your country." Many people believed in Kennedy's aims of shared sacrifice and public service.

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The Case For Consulting With An Attorney

Posted: 09/26/2011 - Every year since 1991, the Gallup Organization has polled Americans on which profession they consider the most honest and ethical. When nurses are on the list they always come out on top, except in 2001 when firefighters, understandably, took the distinction.

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Getting Rich Slowly

Posted: 09/26/2011 - My approach toward wealth changed in 1992 when I went to a Vanderbilt University alumni meeting and heard William Spitz, the college's treasurer, give a talk about his book, Getting Rich Slowly: Building Your Financial Future Through Common Sense.

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The Case for Moving Your Money

Posted: 09/26/2011 - Most of us have an idea of what a small-town banker should be like. It's George Bailey, the character Jimmy Stewart played in It's a Wonderful Life.

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Can We Live Without Credit?

Posted: 09/26/2011 - I hate certain types of credit. I don't own a personal credit card, and I don't want one. Payday lending,tax-refund anticipation loans, and other forms of legalized loan sharking should be outlawed.

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A Path to Wealth Without Wall Street

Posted: 09/26/2011 - We've had a number of government bailouts and "stimulus" programs in recent years. Trillions of dollars have gone down the drain.

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LeBron and The Entourage

Updated: 06/23/2011 - Darren Rovell did an excellent story on CNBC.com saying that "LeBron James Marketing May Never Recover." As he noted, LeBron is now one of the most hated stars in any professional sports. He went from admiration to derision on the heels of one of the stupidest public relations stunts ever conceived.

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The Economic Hangover: Part II

Posted: 06/09/2011 - I hate to say "I told you so." I am in a small subset of lifelong Democrats (I voted for Obama) who have vehemently opposed the Wall Street bailouts since Day One.

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What to consider when offered a severance package

Posted: 06/09/2011 - In 1991, the IBM plant in Lexington, Ky. became Lexmark. IBM offered employee severance packages. People could take the package or take a chance that Lexmark would keep them on.

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It's My Money But I Don't Want It Now

Posted: 06/09/2011 - I hate the J.G. Wentworth commercial where people are screaming "It's my money and I want it now." I even hate it worse than the Cialis commercial where they are sitting in bathtubs in the middle of a field.

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Dr. Al Smith and the Pursuit of Happiness

Posted: 05/09/2011 - "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 you can do the three things he outlined, you have won the lottery of life.

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