Chillicothe's Haney, Douglas on Ingram's list of '50 Missourians You Should Know' March, 2013
CAPTION: Chillicothe's Ed Douglas and Chuck Haney were recently selected as two of the 50 Missourians You Should Know for 2013, per choice of the Kansas City-based business magazine "Ingrams," within their March edition. This is the third year that "Ingrams" has published the list, which honors persons they consider the "finest Missouri has to offer in business leadership, non-profit administration, higher education, arts, culture, sports and more."
Two Chillicothe business leaders are among 50 Missourians You Should Know, as identified in an article published in the March 2013 edition of "Ingrams," a Kansas City business magazine. Ed Douglas and Chuck Haney are among 50 of the "finest Missouri has to offer in business leadership, non-profit administration, higher education, arts, culture, sports and more," the article says.
Douglas is a banker, financial planner, author, tennis coach and mentor. At various times, he has been all these, and more. "And he's one reason why economic-development consultants say Chillicothe is a town blessed with more per-capita leadership than most any other town of nearly 10,000," the article stated. "Douglas is a true believer: In God, in family and in the power of compound interest." The article highlights how Douglas is a former CEO of Citizens Bancshares, which he assisted in its growth from a single branch to two dozen other communities and $1 billion in assets before retiring after 32 years. "Douglas also believes in free enterprise and the power of rural communities to excel, something frequently on display in Chillicothe, a community he calls blessed with energetic, engaged leaders."
Haney is the mayor of Chillicothe. "Get Chuck Haney started on things that Chillicothe has done to better itself, and buckle up: He's going to take you on a whirlwind tour," the article states. "From the new sports complex at the high school to the new facilities for the fire department and EMS, the 18-hole golf course, the aquatic park, the $35 million hospital under construction - and most of those built without any tax increases - Haney has a lot to talk about." The rest of rural Missouri may have its issues, but those seem to have skirted his town of fewer than 10,000 people, per the article. The article notes that Haney is a four-term mayor who entered public office after 40 years of working at the local newspaper and radio station. Haney notes that Chillicothe is a hub for Cameron, Trenton, Brookfield and Carrollton, so it "punches above its economic weight." Haney is member of the Missouri Press Hall of Fame.
San Antonio Express - News - BUSINESS (November 20, 2002) by David Hendricks
Book Tells How Compound Interest Turns $2,000 into $1 Million
"Six years ago, Missouri banker Ed Douglas read a financial book that asked readers to list what they believed in the most. Being a banker, Douglas put "compound interest" at the top of his list. That realization led Douglas to write a book." See complete press release...
Follow Fundamentals First - YOUR MONEY by Gene Meyer - MoneyWise
Buying a car with a Discover card is dumb. Buying two is dumber. I know. I bought them. It was the talk of the car dealer's coffee breaks for weeks afterward. There were mitigating circumstances. My wife and I were buying the cars just four days before our credit union was due to pay interest on the down payments we'd saved. See complete press release...
KIDS' CORNER - "Hit the Books" by Steve Rosen - KC Star
Ed Douglas, a bank chairman in Chillicothe, Mo., doesn't recall getting many financial lessons at home. At least while growing up, he said. "I was always kind of a saver." [Douglas] felt strongly that kids need a better jump-start than they got on money matters. And decided to do something about it. He wrote a book to share his perspectives about money. Douglas' book is heavy with information and recommendations... drawing on the author's 27 years as a banker and financial planner. Douglas' audience is young adults ages 15-35 and parents and grandparents. See complete press release...
St. Joseph NEWS-PRESS - St. Joseph, MO - "Banker Gives Tips for Saving" by Greg Kozol
Ed Douglas doesn't wear $1,000 suits, he doesn't ask silly questions, and he certainly doesn't have Kelly Ripa for a daytime sidekick. But, in a way, Mr. Douglas is quietly becoming Northwest Missouri's own version of Regis Philbin - albeit with a lot less cosmetic face work. See complete press release...
Book Review by Trevor J. Flannigan
ALDI Inc- Faribault Division
Running to Riches...
Friday, November 13, 2009
The book this week was The Money Marathon by Ed Douglas, suggested to me by Jim Wiederholt. It was a good personal finance book written by a retired bank CEO from Chillicothe, Missouri. The book is very concise and straight forward. It is very easy to sit down and read in an afternoon. Douglas relates personal finance to running marathons. Therefore, most anecdotes in the book are running related. I am not a runner, but it's not rocket-science, so most of the comparisons are very easy to understand.
The book is subtitled 7 Simple Steps to Financial Freedom, so each of the chapters correspond to a step. These steps are:
1. Raise one's income
2. Control Expenses
3. Save Regularly
4. Invest for the Future
5. Stay Out of Debt
6. Adequate Protection (Insurance)
7. Make Your Money Work for You (If the previous steps are followed money will grow for you)
I agree with the basic idea of this book, however, personally, I like to be a bit more aggressive toward my accumulation of wealth. Douglas repeatedly shows how $2000 can turn into $1 Million in 50 years. I think 50 years is a bit too long. Getting rich slowly has its place and it is perfect for many of you. The faster you want to get rich the more risk you will be taking on. If you use Douglas' 7 steps outlined in this book you can be certain you will reach your goals.
I found the author's running stories at the beginning of each chapter very entertaining. The book was relatively short, so I don't want to dive into it too much. I know I have quite the readership in Missouri, so I suggest you support a local author and check out this book. If you are a runner, I am sure you will really enjoy the stories Douglas uses. If you have any questions on the book don't hesitate to ask. I would be more than happy to help anyone that wants it.
See the review at "The Guide to Get Rich" here...
Waddell & Reed Marathon to Feature Retired Bankers Book
By STEVE ROSEN, The Kansas City Star, October 5, 2009
This article republished here courtesy of the Kansas City Star.
PHOTO BY Christoper J. Cummins
More than 400 runners competed in the 2009 Olathe Marathon which finished at Garmin World Headquarters Saturday. Event organizers rescheduled the event for Saturday after poor weather cancelled the event on March 28. While the marathon was cancelled, the event featured a half marathon, five kilometer race and a children's race.
Ed Douglas is a dedicated runner who also happens to know a thing or two about money. Thats what makes the Waddell & Reed Kansas City Marathon seem like a dream come true for Douglas. The retired Chillicothe, Mo., banker and member of the 50 States Marathon Club recently wrote The Money Marathon: 7 Simple Steps to Financial Freedom.
On Oct. 17, the Overland Park-based mutual fund company plans to give copies of Douglas book to the more than 2,000 marathoners expected for the race. Not exactly your normal runners door prize of a T-shirt, a cap and a plastic water container.
Douglas book compares the steps in running and training for a marathon to the steps to financial success. The book covers a lot of financial ground, including understanding the magic of compound interest and selecting mutual funds to debt reduction strategies.
Douglas, by the way, has run 14 marathons in 13 states, including twice in Missouri in 1979 and 1995. So the running connection with the finance book made sense to me, said Douglas, a financial planner who was chairman and chief executive officer of Citizens Bancshares in Chillicothe before his retirement in 2006.
He plans on attending the Waddell & Reed run, but probably for the 5K event this time.
See the article here... (this link will take you to the article as long as it appears on the KC Star website)
As Economy Wanes, Former Billion-Dollar Banker and Marathoner Combines Finance and Running
November 1, 2008
From the former president, chairman and CEO of a billion-dollar bank holding for over 20 years, comes The Money Marathon: 7 Simple Steps to Financial Freedom, a must read for anyone who wants to know the step-by-step basics of financial success.
In The Money Marathon, author and marathoner Ed Douglas uses his decades of financial expertise and love of running to compare the steps toward financial success to the steps involved in training, preparing, and running a marathon. Whether youve ever run a race or not, this book reveals how to complete your race to financial freedom.
A number of important financial steps are covered in The Money Marathon:
- Raising your income and lowering your expenses
- Proven saving techniques and investing essentials
- Getting and staying out of debt
- Insurance, wills and other must-have documents
- And, finally, how to make money work for you!
"This is an excellent, introductory financial book, said Michael Sklar, a Rutgers Finance Professor. It covers all the relevant financial topics and is particularly valuable to newly married couples. It can also be a valuable resource for anyone who needs direction in the areas of saving, investing, budgeting, and insurance.
This book should be required reading.its clear, concise...with sound, easy-to-follow steps, said Bill Smythe, Vice President Marketing, Nebraska Bankers Insurance and Services Company. If the purpose of the book is to improve the personal financial skills and expertise of the reader, it succeeds!
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