Episode 5

Published on:

30th Aug 2021

Do You Have What it Takes to Create Significant Wealth?

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 enlightening conversation that is bound to leave you with some things to consider for your own wealth creation process.


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:




Show artwork for Modern Wealth Management

About the Podcast

Modern Wealth Management
A Practical, Process-Driven Approach to Wealth Management
Welcome to Modern Wealth Management by Monon Wealth, where we tackle pertinent financial topics to help better position you and your business for success.

Listen as Darrick Hutchens and Ray Kramer, Managing Partners of Monon Wealth Management, tap into four decades worth of experience in the financial sector and unpack their strategies for today's level of modern wealth management.

So, sit back, relax, and enjoy enlightening conversations that highlight an array of financial questions and topics.