Modern Wealth Management

On the latest episode of our podcast, Darrick welcomes Joe Pohrer, President of the Pauly Jail Building Company. Together, Darrick and Joe will delve into the impact Joe has brought to central Indiana.

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

Connect with Darrick:

Website

Facebook

LinkedIn

On the latest episode of our podcast, Darrick welcomes Dimensional Fund Advisor Vice President, Apollo Lupescu. Together, Darrick and Apollo will delve into the early ideas behind investing and how they evolved to become the state-of-the-art strategies of today.

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:

Website

Facebook

LinkedIn

On the latest episode of our podcast, Darrick opens up about the comprehensive financial plan he's built to ensure his family's long-term stability and prosperity. Darrick shares the inner-workings of the comprehensive financial plan he built to ensure his family's long-term stability and prosperity.

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:

Website

Facebook

LinkedIn

As we draw closer and closer to another Presidential election in 2024, many investors are wondering how their portfolio will perform based on who is ultimately elected President of the United States. And throughout history, investors often make investment mistakes because of their perception of the election results.

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:

Website

Facebook

LinkedIn

The reality of the situation is that most business owners aren't adequately prepared for passing on their business and executing a well-designed succession plan. Oftentimes, these efforts and conversations are happening too late.

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:

Website

Facebook

LinkedIn

Welcome back to Modern Wealth Management! We're excited to kickoff Season Two of our show, where we'll explore the various sectors of wealth management, as well as community conversations and personal development topics.

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:

Website

Facebook

LinkedIn

Optimism is typically the best bet for most people because their lives tend to get better, for most people, most of the time. But pessimism seems to hold a special place within our hearts because it sounds smarter and it's more intellectually captivating.

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:

Website

Facebook

LinkedIn

Running a successful family business takes a tremendous amount of both working hard and working smart, as well as navigating family dynamics along the way!

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:

Website

Facebook

LinkedIn

In the latest installment of Modern Wealth Management, we welcome Dr. Rob Bell, Author and Mental Toughness Coach, to the show to discuss how mental toughness can play a vital role within wealth management overall.

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:

Website

Connect with Darrick and Ray:

Website

Facebook

LinkedIn

If you are like many business owners, you’re looking out for more than just the financial health of your company. You also want to take care of your family and loved ones by providing for them and setting them up for rewarding lives of their own.

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:

Website

Facebook

LinkedIn