Episode 1: An Overview on Stress Testing
Modern Wealth Management, Season 1: In the inaugural episode, we introduce you to our show host, Ryan Ruff, as well as Managing Partners of Monon Wealth, Darrick Hutchens and Ray Kramer. 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...
Episode 2: Preparing Heirs For Their Inheritance
Modern Wealth Management, Season 1: In the second installment of Modern Wealth Management, Darrick and Ray explore the complex nature surrounding inheritances. The big question surrounding this topic is: Are your heirs ready to deal with the wealth you may be planning to pass on to them someday? 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...
Episode 3: Why Life Insurance Should Be Part of Your Wealth Plan
Modern Wealth Management, Season 1: Life insurance isn't the most exciting financial topic, when compared to investment planning overall. However, it's actually one of the most flexible and versatile tools that you have within your wealth planning toolkit! 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...
Episode 4: What Makes an Elite Wealth Manager Elite, Exactly?
Modern Wealth Management, Season 1: Affluent individuals, families, and business owners want to make the best decisions regarding their wealth and the first decision usually deals with selecting a particular wealth manager. They want to make sure they are working with the best of the best, but how can you tell if a wealth manager truly is elite? 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...
Episode 5: Do You Have What it Takes to Create Significant Wealth?
Modern Wealth Management, Season 1: Research shows that entrepreneurship can be one of the most effective ways to become wealthy. But, it takes a lot more than simply being a business owner to generate significant wealth. 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...
Episode 6: Have a Trust? You Might Need a Trust Protector!
Modern Wealth Management, Season 1: In the latest installment of Modern Wealth Management, Darrick explores the complex nature of trusts and why it's beneficial to have a trust protector in place. 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...
Episode 7: Big Wealth Mistakes the Super Rich Don't Make
Modern Wealth Management, Season 1: The bad financial decisions you avoid can be just as important as the good financial moves you make. And while no one is perfect, highly successful people and families tend to avoid major slip ups. 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 -...
Episode 9: What is Crypto Currency?
Modern Wealth Management, Season 1: In the latest installment of Modern Wealth Management, Darrick and Ray welcome Greg Johnson, CEO of Rubicon Crypto, onto the show to highlight the ever-changing nature of crypto currency. 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...
Episode 8: Overview on Upcoming Tax Proposals with Lisa Curry
Modern Wealth Management, Season 1: A new year brings a new batch of tax proposals that could leave you scratching your head. 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...
Episode 10: Entrepreneurs: Here's Why You Need An Estate Plan!
Modern Wealth Management, Season 1: 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...
Episode 11: Mental Toughness in Wealth Management | Feat: Dr. Rob Bell
Modern Wealth Management, Season 1: 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 12: Wealth Planning Mistakes of Successful Family Businesses
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...
Episode 13: The Seduction of Pessimism
Modern Wealth Management, Season 2: 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...
Growing Your Money in 2024 and Beyond!
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...
The Most Important Considerations for Passing On Your Family Business
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...
Vote For Your Ballot, Not Your Life Savings
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...
