In this inspiring episode of Uncommon Wealth, Letting Go to Scale: Lessons from 25+ Years in Business, host John McDonough sits down with Bret Kinghorn, co-founder of DPW Benefits, a veteran-led benefits consulting firm dedicated to helping mid-market employers unlock tax efficiency, fund executive retention, and protect what matters most.
Bret shares how he went from turning down his father’s offer to start a business—to building a legacy-focused firm through strategic acquisitions, disciplined stewardship, and a clear vision for the future. Along the way, he reveals lessons on letting go of control, protecting wealth, creating “mailbox money,” and thinking generationally about both business and philanthropy.
You’ll learn:
✅ The leadership shift that freed Bret from the day-to-day grind
✅ Why “letting $10-an-hour people do $10-an-hour work” is a wealth multiplier
✅ How to protect your family and business with the right insurance strategy
✅ The power of mailbox money and diversified income streams
✅ The mindset needed to build wealth you can pass on—without spoiling the next generation
From growing a family business to structuring a foundation that will impact strangers decades from now, Bret’s story is packed with insights for entrepreneurs, executives, and anyone thinking about legacy.
🔗 Learn more about DPW Benefits: https://dpwbenefits.com/
🔐 Build and protect your generational wealth: https://www.studemontgroup.com
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#GenerationalWealth #BusinessLegacy #Entrepreneurship #WealthPreservation #MailboxMoney #UncommonWealth #BusinessMindset #Leadership
Timestamps:
00:00 Introduction
01:22 Starting a Family Business After Saying “No”
02:57 Scaling Through Acquisitions & Partnerships
03:09 The $10 Rule for Letting Go of Control
04:45 Realizing the Business Could Build Generational Wealth
07:16 Protecting Wealth Through Insurance
09:03 Why Many Families Aren’t Prepared for Loss
09:37 Building Wealth Outside the Business (“Mailbox Money”)
11:10 What It Would Take to Walk Away Tomorrow
12:14 Creating Flexibility & Liquidity for Retirement
13:20 Building Assets Without Using Your Own Funds
14:24 Balancing Family Inheritance & Philanthropy
17:23 The Lesson Bret Wants His Kids to Remember
20:18 The Blind Spot Most Business Owners Have About Wealth Protection
23:06 The Most Valuable Lesson Bret Wishes He Knew 10 Years Ago
24:56 Lightning Round – Favorite Books & Myths About Entrepreneurship
26:50 Advice to His Younger Self
27:27 Gratitude & Final Thoughts