Network Problem with Mac - need help! "Share not accessable"

Under network settings on the WDTV Live make sure that you do not have auto connect turned on at first because your mac will require a password. Also make sure that under the Mac system prefs, File Sharing is turned on and options SMB (Windows) .

After you have successfully connected to the mac with the correct user and password you can then turn on auto connect on the WDTV Live and it will save you doing it manually.