A long anticipated conversation, we welcome you to the show and hope you learn much from this knowledge packed episode.

Chapters:

0:00 - Introduction and overview on the day's conversation

1:35 - Welcoming Joe Pohrer

3:00 - Joe Pohrer's Background

7:30 - Pauly Jail Construction Company at It's Core

12:10 - What's Next for Joe Pohrer

16:10 - R&D

21:30 - Taking Risk

26:10 - Make Clear Decisions

32:00 - Communication and Regular Face Time

34:10 - Control and Growth

36:10 - Closing Thoughts

36:50 - How to get in touch with Joe and Darrick

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A long anticipated conversation, we welcome you to the show and hope you learn much from this knowledge packed episode.

Chapters:

0:00 - Introduction and overview on the day's conversation

1:04 - Welcoming Apollo

2:00 - Apollo's Background

6:00 - Retail Investors vs. Dimensional Fund Advisors

8:35 - The Beginning of Stocks

12:00 - Stock Picking and Active Management

17:45 - Small Caps and Growth Potential

22:20 - The Advent of Advisors

25:00 - SMCI and the S&P 500 Index

29:00 - Small vs. Large Cap and U.S Market Trends

34:10 - The Japanese Stock Market in the 90's and Emerging Markets

37:00 - International Exposure

40:50 - International vs. Domestic Historically

43:55 - Decades Old Data and How It Guides Modern Investment

46:20 - Benefit vs. Risk and Price to Book

48:30 - How to get in touch with Darrick and his team

Connect with Darrick:

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Discover how he balances risk and maximizes growth through savvy investment strategies, secures his family's legacy with meticulous estate planning, optimizes tax efficiency, and incorporates meaningful charitable contributions.

Whether you're looking to refine your own financial plan or a specific area of it, this episode is packed with valuable insights and actionable advice to help you secure your family's future.

Chapters:

0:00 - Introduction and overview on the day's conversation

1:34 - Why Darrick wanted to allow the audience to 'peek behind the curtain' of his financial plan

3:10 - Wealth management is a formula

6:31 - Darrick's investment planning efforts

7:35 - Darrick's 'why' and the impact his children has on his financial world

11:17 - Cash flow strategy for accumulation

13:15 - Leveraging Flourish as a helpful tool to earn interest on cash

19:40 - "Invest within a program I can live with"

24:40 - Leveraging a strategy with real-world results through good and bad times

26:22 - Darrick's traditional investment partners

28:28 - How Darrick's financial world combats taxes

33:25 - Real estate investment opportunities and using them to lower his tax bill

36:53 - Wrapping your arms around your wealth using a thorough wealth protection plan

44:29 - Where to begin when addressing your estate plan

49:39 - Darrick's scary moment surrounding his older estate planning efforts

53:15 - Darrick's key takeaways

55:50 - How to get in touch with Darrick and his team

57:15 - Closing remarks

Connect with Darrick:

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On the latest episode of Modern Wealth Management, Darrick analyzes the market's patterns during election years, as well as whether a Republican or Democrat are in office.

This episode is packed with helpful takeaways for your own financial world. Enjoy!

Chapters:

0:00 - Introduction and overview on the topic of the day

1:03 - Elections cause stress and anxiety among many investors

4:03 - The three key conversation points of today's episode

5:44 - Looking back at the market's performance throughout the many election years

8:02 - How the market responds based on which President was in the office

13:40 - George W. Bush's presidency and why returns were down during his time in office

16:04 - Stock pricing is made up of a multitude of factors

20:04 - Two different client stories that arrived at the same result

24:22 - "This is the most important election"

26:42 - How to get in touch with Darrick and his team

27:53 - Closing remarks

Connect with Darrick:

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On the latest episode of Modern Wealth Management, Darrick covers the most important considerations that business owners should be thinking about when it comes to their succession plan. Ultimately, the balance of benefitting you, the business owner, and your family, can be achieved. It just takes proper planning.

Chapters:

0:00 - Introduction and overview on the topic

1:08 - Many entrepreneurs will encounter the need for succession planning

3:00 - The four big considerations for successful succession planning

6:04 - Addressing your goals for the business when you're no longer in charge

9:56 - The financial succession plan

13:31 - Statistics showcasing the impact of proper succession planning

16:24 - An overview on the operational succession plan

19:47 - Incorporating flexibility and transparency in your succession plan

23:09 - The story of family farms not properly preparing their succession efforts

26:38 - A story on the success that can happen when proper succession planning is in effect

29:22 - The key takeaways from today's episode

30:46 - How to get in touch with Darrick and his team

32:37 - Closing remarks

Connect with Darrick and Ray:

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To launch our second season of the show, we're diving into the overall importance of establishing, and sticking to, an investment strategy. Join Darrick Hutchens, Co-Founder of Monon Wealth Management, as he shares some key insights into investment management and offers strategies for growing your money in 2024 and beyond!

Sit back, relax and enjoy the launch of our all-new season of Modern Wealth Management!

Chapters:

0:00 - Welcome back to Season Two!

1:12 - Designing an investment portfolio for 2024 and beyond

2:27 - Why thorough discussions on your investment portfolio is so important

6:31 - You can't bend with the ebbs and flows of the market

8:27 - The three things you need to consider with regard to growing your money in 2024

9:44 - Develop and understand your long-term investment objectives

12:33 - Time reduces risk

16:38 - Building your asset allocation plan

20:22 - The idea of a 60/40 portfolio and comparing stocks vs. bonds

25:43 - Considering foreign markets for your investment plan

29:30 - Picking the specific securities you're interested in

32:27 - Staying invested over a long period of time

34:20 - Investor behaviors in response to the technology sector in the 90's

39:38 - Warren Buffet's approach

42:50 - The key takeaways from today's episode

44:50 - How to get in touch with Darrick and his team

46:02 - Closing remarks

Connect with Darrick and Ray:

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On the latest installment of Modern Wealth Management, Darrick sits down to discuss the differences between these two concepts and how they've crept not only into our personal lives, but our financial lives as well. Listen, as we explore the fickle friend that is pessimism and how it's playing a role in our financial decision making these days.

This episode is packed with beneficial information and takeaways that you don't want to miss. Enjoy!

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:25 - "The Psychology of Money" by Morgan Housel

2:30 - How pessimism creeps into our lives

11:58 - Where pessimism comes into play within our financial well-being

15:07 - How education and qualification can play a role within optimistic and pessimistic mindsets

19:00 - Pessimism examines present trends without factoring in the future

26:12 - Stephen Hawking's rationale on why we become so pessimistic

30:37 - How you can get in touch with Darrick and his team to take advantage of optimistic wealth planning

32:09 - Closing remarks

Connect with Darrick and Ray:

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On the latest installment of Modern Wealth Management, Darrick explores some of the key mistakes that too many successful family businesses make and how to best avoid them.

Given Darrick's extensive experience working with family businesses over the last two decades, he has plenty of stories to share! Sit back, relax, and enjoy another thought-provoking episode that's bound to leave you with some considerations for your own family business.

Timecodes:

0:06 - Introduction and overview on the topic of the day

1:15 - The overall need for wealth planning within a family business

6:18 - The risks that arise within family businesses

7:31 - What family businesses should be looking for in their wealth manager

11:56 - Pick out a wealth manager that isn't product-oriented

15:37 - How Darrick's clients react to his wealth planning process

17:05 - The mistake of hyper-focusing on mitigating taxes

22:35 - Don't be secretive about your wealth

29:40 - The importance of ongoing maintenance with your wealth plan

32:20 - What a family should do if their wealth plan is out of date

35:51 - You don't need to view the sale of the family business as a failure

42:04 - How you can get in touch with Darrick and his team for further discussions

44:02 - Closing remarks

Connect with Darrick and Ray:

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Listen, as Darrick and Dr. Rob share details on their personal and professional relationship, which led Darrick to understand the importance of having emotional strength in the face of adversity.

This episode is packed with helpful information that's universally applicable to us all. You're not going to want to miss this one! So sit back, relax, and enjoy a thought-provoking episode!

Timecodes:

0:06 - Introduction and overview on today's guest

0:56 - Darrick's personal relationship with Dr. Rob Bell

5:51 - Dr. Rob stresses the importance of teachable moments in our lives

9:42 - Where mental toughness has its place within the lives of non-athletes

13:03 - "Process versus outcome"

17:48 - We shouldn't be deviating from our processes

22:40 - Know what game you're playing

23:22 - People have been damaged by the pandemic

28:37 - How you can refill your tank

31:50 - Is it possible to come out of the pandemic stronger?

37:00 - Running from market volatility is counterintuitive

39:24 - "We don't have to be smarter than the rest. We have to be more disciplined than the rest."

43:00 - With Russia's invasion into the Ukraine, it's not the time to take action in your portfolio

46:11 - What does "ice in your veins" mean and how do you develop that toughness?

49:19 - How to find Dr. Rob Bell online and connect with him

49:52 - Closing remarks

Connect with Dr. Rob Bell:

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Connect with Darrick and Ray:

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In the latest installment of Modern Wealth Management, Darrick and Ryan are exploring how proactive estate planning can help you pursue these goals and build an amazing life of significance.

Too often estate plans can become outdated. Listen as we showcase the steps you can take to ensure your plan is current and capable of supporting you and your goals.

Timecodes:

0:07 - Introduction and overview on the topic of the day

2:27 - The roll of estate planning in the life of an entrepreneur

4:52 - Most people have a plan in place, but the plan is really outdated

8:19 - The downfalls of having an outdated estate plan

10:38 - An example of how an outdated plan can put an entrepreneur in jeopardy

15:02 - The first steps into updating your estate plan overall

17:48 - The initial conversation when reviewing someone's existing estate plan

20:46 - What should someone be on the lookout for when updating their estate plan

22:40 - How you can get in touch with the team at Monon Wealth Management for more information

24:06 - Closing remarks

Connect with Darrick and Ray:

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Given the buzz surrounding crypto currency as we roll into 2022, Greg addresses a handful of frequently asked questions and why it can be a valuable tool within the wealth planning toolkit.

This episode is jam packed with helpful information that you won't want to miss! So sit back, relax, and enjoy another thought-provoking conversation.

Timecodes:

0:06 - Overview on the topic and the guest featured on today's episode

1:45 - Darrick and Ray launch into the discussions surrounding crypto with their clients

5:05 - Greg Johnson joins the show and gives a high level overview on crypto currency

14:40 - The uncertainty surrounding this topic

22:13 - Technology's role in crypto currency and what to consider here

28:10 - How Bitcoin is still in its infancy

37:53 - How much should someone consider investing into crypto currency?

45:48 - Compliance and regulation's place within crypto currency

52:50 - Recapping the most important points surrounding crypto currency for interested investors

56:00 - Closing remarks

Connect with Darrick and Ray:

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In the latest installment of Modern Wealth Management, we bring you a special edition of the show that features a unique guest from the tax planning realm. Darrick is joined by Lisa Curry, Partner at Katz, Sapper & Miller, to address a wide variety of year end tax strategies you can incorporate into your own portfolio.

Additionally, Lisa showcases the current tax proposals in existence and how you should be preparing in case some are passed.

There's plenty of beneficial information packed into this episode that you don't want to miss!

Timecodes:

0:06 - Overview on this special edition of the show

0:59 - Setting the scene on the overall importance behind tax planning within your wealth plan

3:00 - Introducing Lisa Curry of Katz, Sapper & Miller

5:00 - Using a business to take care of the family means

8:15 - "I've heard about this. What does that mean for me?"

12:15 - Increasing tax rates on corporations will still likely impact you

16:05 - The top individual income tax rate and the proposed changes

22:35 - Capital gains and what to expect on this front

29:40 - What is going to change?

34:18 - The backdoor (or mega) ROTH and where it enters the picture

38:54 - Selling your business and how that can impact your taxable income

42:06 - What can wealthy business owners do right now to optimize their plan

47:15 - The value associated with a stress test

50:45 - Closing remarks

Connect with Darrick and Ray:

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In the latest installment of Modern Wealth Management, Darrick and Ryan explore some wealth-destroying mistakes that high successful people do a good job of sidestepping.

This episode is packed with great tips and is sure to leave you taking a page from the playbook of the super rich!

Timecodes:

0:03 - Overview on the topic of the episode

1:52 - Does the average individual take measures to avoid costly mistakes?

3:15 - There are opportunities to learn lessons from the wealth planning strategies of the super rich

5:02 - The grass isn't always greener on the other side

8:12 - Clearly define your goals and stay on the proper track to achieve them

11:34 - Hire the best professionals to support your goals

16:00 - The characteristics of consummate professionals and those that will propel you forward

19:14 - Utilizing second opinions and stress tests to ensure you're plan is on track

23:00 - The difference between a second opinion and a stress test

25:02 - How someone can get in touch with Darrick's team to discuss this topic further

27:04 - Why we study the super rich

28:10 - Closing remarks

Connect with Darrick and Ray:

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When you have a trust, it's overseen by a trustee. But, who is keeping an eye on the trustee to ensure he or she is not exploiting you? If the answer is "no one" or "I don't know," it may be time to consider adding a trust protector to your team of advisors.

Listen as Darrick shares his first-hand experience with trusts and why trust protectors can be an extremely beneficial addition to your fiduciary team of experts.

Timecodes:

0:04 - Overview on the topic of the day

2:08 - The various parties involved in a trust

8:27 - Grantors typically don't realize they need to be on guard during this process

10:30 - How a trust protector can help with the fees typically associated with the trustee

13:08 - The overall role of the trust protector

17:06 - What happens when a trust protector recognizes that the trustee isn't operating effectively

19:38 - How someone would go about hiring a trust protector

20:46 - Summarizing the need for a trust protector

23:50 - Closing remarks

Connect with Darrick and Ray:

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In the latest installment of Modern Wealth Management, Darrick and Ray highlight the four key drivers of business and financial success, as well as personal commitments required to become wealthy.

Not only do Darrick and Ray work with an array of entrepreneurs in their wealth management business, but they themselves are entrepreneurs who built their company together.

So sit back, relax, and enjoy another enlightening conversation that is bound to leave you with some things to consider for your own wealth creation process.

Timecodes:

0:04 - Overview on the topic of the day

1:45 - Entrepreneurship is the main generator for significant wealth today

3:25 - The best practices of wealth entrepreneurs

5:35 - You need to have a commitment to achieve success overall

8:02 - It takes more than simply a commitment to achieve success

9:37 - How the overall quality of your business model will drive wealth creation

13:01 - Establishing industry connections and powerful relationships plays a major role as well

15:06 - The process of building a "dream team" of employees and maintain a high-quality team

18:28 - The willingness to engage with the right professionals

24:24 - Working with a wealth manager, who is familiar with entrepreneurship, is also a best practice

27:26 - Closing remarks

Connect with Darrick and Ray:

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In the latest installment of Modern Wealth Management, Darrick and Ray explore an array of skills and characteristics of an elite wealth manager. Not only do they possess the highest level of financial acumen, but they understand the importance behind connecting with their clients on a human level.

So sit back, relax, and enjoy another enlightening conversation that will leave you wondering if your current wealth manager is at the elite level!

Timecodes:

0:05 - Episode overview and the topic of the day

1:50 - How are people supposed to know if a wealth manager truly lives up to their world-class reputation

4:30 - How an elite wealth manager handles investment management

10:00 - Where the wealth planning component comes into play as well

12:10 - What Darrick and Ray mean when it comes to "advanced planning"

17:46 - What should people be looking for in a wealth manager that claims to be elite

20:12 - Not all wealth managers incorporate the human element

22:50 - An example of Darrick and Ray forging a successful relationship with a given client

26:41 - The bottom-line on how Darrick and Ray approach their clients at Monon Wealth Management

30:10 - Closing remarks

Connect with Darrick and Ray:

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In the third installment of Modern Wealth Management, Darrick and Ryan explore the reasoning behind why you should incorporate life insurance into your overall wealth management strategy. When executed properly, life insurance can provide liquidity, leverage, and certainty to your financial well-being.

So sit back, relax, and enjoy another enlightening conversation where Darrick shares his insights, and even his own personal reasoning behind including life insurance into his wealth plan.

Timecodes:

00:05 - Overview on today's episode

02:05 - Why Darrick believes life insurance should play a role in someone's wealth plan

03:22 - Wealth planning overall is vitally important

04:30 - In wealth planning, the focus should be on the person and not the product

08:51 - The key roles life insurance plays within wealth planning overall

12:48 - The goals life insurance can help an individual or family achieve

17:54 - How life insurance can be used to help provide cash for a future need

19:42 - Life insurance policies that are influential and beneficial for business owners

21:30 - Life insurance shouldn't be viewed with a negative outlook

23:49 - Closing remarks

Connect with Darrick and Ray:

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It's an unfortunate fact that inheritors often struggle with their windfalls in a way that can be hazardous to the overall wealth. It takes proper planning and clear communication to alleviate any potential problems that could occur with the inheritance itself, as well as the beneficiaries' spending habits afterwards.

We all understand the general process behind inheritances, but this episode unveils the intangible elements that come into play, especially when a significant level of wealth is being transferred.

So sit back, relax, and enjoy another enlightening conversation that sheds light on a topic we all thought we knew.

Timecodes:

00:05 - Show overview and recap of prior episode on stress testing process

02:00 - Are your heirs ready to deal with an inheritance?

04:40 - The internal and external conflicts that inheritors experience

07:35 - How Darrick and Ray begin with helping an heir address this process

11:27 - Examples of what successful individuals are doing when it comes to passing on their wealth

14:26 - Where families should begin to foster a sense of financial intelligence in their beneficiaries

23:40 - Things family matriarchs and patriarchs should be considering

30:10 - Who families should turn to for guidance on handling inheritances

32:40 - How the inheritance conversation plays a role in stress testing overall

34:45 - Closing remarks

Connect with Darrick and Ray:

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With one of the most financially tumultuous years now behind us, there is a great deal of uncertainty surrounding finances. Whether it was the COVID-19 pandemic, the controversial Presidential Election of 2020, or other factors, many people are wondering how to responsibly position their finances for success in 2021.

Allow Darrick and Ray to help put your mind at ease and explain the benefits of stress testing. Through a robust and in-depth analysis, Darrick and Ray tap into their four decades of combined experience in the financial sector and review your personal or business finances to help calculate the right financial maneuvers given your future goals.

So sit back, relax, and enjoy a thought-provoking conversation surrounding a process you should be considering today for your own financial portfolio.

Timecodes:

00:05 - Show overview and introducing Darrick Hutchens and Ray Kramer

03:08 - What individuals and families should be doing right now

05:30 - Why this process is so valuable

08:00 - The three main ways that stress tests can be utilized

10:15 - An example of what prompted someone to discuss stress testing with them

18:13 - An example of how a stress test helped a client from making a mistake

23:36 - How Darrick and Ray tap into the human element during stress tests

28:56 - How their team gets deep into the heart of their clients' goals

32:23 - A lesson that can be learned from the super rich

34:40 - What the discovery process and initial questions look like

36:25 - What kind of analysis clients leave with after completing a stress testing process

40:43 - Closing remarks

Connect with Darrick and Ray:

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