McNay on Money

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Success and the Thank You Note

Posted: 05/04/2011 - Dan Sullivan, the "Strategic Coach" for entrepreneurs, once said that all it took to be successful was to:

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The Person We Should Be Moving Our Money To

Posted: 03/31/2011 - Over 4 million people moved their money from Wall Street Banks in 2010, according to Sara Ackerman, project coordinator for Move Your Money.

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Keeneland: The Book

Posted: 03/25/2011 - As the son of a professional gambler, I spent a lot of my childhood at race tracks. Not particularly nice race tracks.

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Are You Working Towards Your Dream?

Posted: 03/14/2011 - As a structured settlement consultant, I go to meditations and settlement conferences with people who anticipate receiving large sums of money. I ask every person the same question. "Forget about what is going on today. If you won the lottery, what would you spend the money on?"

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Dealing with Addictions

Posted: 03/11/2011 - My first exposure to "White Rabbit" was when it was the theme song to a mid-1970's movie named "Go Ask Alice." That movie, about a high school drug abuser, was a haunting portrayal that reminded me of many of my friends. Several of my friends experimented with drugs.

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Why We Get Fat

Posted: 03/04/2011 - For my recent birthday, my daughter gave me a copy of Gary Taubes' new book, Why We Get Fat and What to Do About It.

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The Season for Tax Refund Rip-Offs

Posted: 02/07/2011 - Tax refund loans (also called refund anticipation loans) are in a class of financial products marketed primarily to poor people.

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Death By Lottery

Posted: 01/04/2011 - Abraham Shakespeare should have been on top of the world. In 2006, he won $16.9 million in the Florida lottery.

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Changing of Kentucky's Political Guard

Posted: 12/28/2010 - In 1980, David Broder wrote Changing of the Guard, an influential book about the upcoming generation of leaders in Washington.

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How Serious are You about Saving?

Posted: 11/12/2010 - I've often compared being financially secure to being physically in shape - fiscally fit and physically fit. Most of us want to be physically fit, but very few of us are. The same holds true with financial security.

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Josh Hamilton, Pete Rose, and the Power of Redemption

Posted: 11/12/2010 - Before he played in his first major league baseball game in 2007, I wrote a column about an unknown player named Josh Hamilton. The same Josh Hamilton who was just named Most Valuable Player in this year's American League Championship Series. Josh is on his way to the World Series.

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Third World America: Is Living a Normal Life a Political Statement?

Posted: 11/12/2010 - I was in Louisville last week and saw Arianna Huffington and Howard Fineman tape a segment of the Kentucky Authors Series. Arianna was discussing her book, Third World America, and referred to her recent appearance on The Daily Show in which Jon Stewart asked her, "Isn't living a normal, stable life a political statement?"

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Be the First In Your Age Group to Embrace Technology

Posted: 10/13/2010 - I've always been an "early adapter" in the technology world. I had a personal computer long before any of my friends did. Same with the cell phone, fax machine, email, website and PDA. I got an iPad the first day they hit the market, just like I did with the iPhone.

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Eat, Pray, Love and the Economic Crisis

Posted: 10/13/2010 - I could be the last person in America to read Eat, Pray, Love, but the movie got me interested in the book. There is a segment in the book that keeps running through my mind.

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What Does the "Recovery" that Washington envisions look like?

Posted: 09/20/2010 - Since the collapse of the economy in 2008, economists and politicians keep talking in term of "recovery." One television commentator kept bleating about "mustard shoots". He was inventing positive signs in his head.

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Rick Robinson's Political Thriller

Posted: 09/01/2010 - One of my favorite writers is Fletcher Knebel. Knebel was a writer in the 1960's who mastered the art of political fiction. Knebel wrote 15 books (all which I read) and many were best sellers. Seven Days in May went to number one and became a major motion picture starring Burt Lancaster and Kurt Douglas.

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Hangover from the Bailout Party

Posted: 08/25/2010 - Let's face it, we screwed up. In the decade before 2008, the financial world was like a presidential inauguration ball.

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Money, Medicine and the Magic Pill

Posted: 08/13/2010 - I was talking to a person in the medical profession who said, "It seems like some patients are looking for a magic pill that will solve all their problems." I said "welcome to my business." The same analogy holds true in finance.

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