Manage episode 521270768 series 3695855
Title: Wealth Done Right: Stoy Hall
Guest: Stoy Hall, CFP® — CEO & Founder of Black Mammoth
Episode Summary
In this episode, David Webb sits down with Stoy Hall — a CFP®, founder of Black Mammoth, and host of the No BS Wealth Podcast — to break down what “wealth” actually means beyond the numbers. Stoy shares his journey from growing up in Omaha with a single mother to building a modern family office that helps people align their money with their values, purpose, and long-term vision.
This conversation covers emotional intelligence, financial literacy, redefining wealth, debt vs. leverage, practical budgeting, and the life lessons Stoy learned from his time in Tanzania. It’s a grounded, real-world discussion packed with actionable insight for anyone trying to take control of their money and their life.
What You’ll Learn
• Why emotional intelligence matters more than spreadsheets
Stoy explains how money decisions are driven by emotion — and how aligning finances with purpose leads to long-term success.
• The hidden flaw in America’s financial education system
He shares why schools reject free literacy materials and how that keeps people stuck.
• The truth about debt vs. leverage
How wealthy people use leverage to build wealth, and why “debt is bad” is one of the most damaging myths.
• How to build a budget you’ll actually follow
Including Stoy’s “green/yellow/red” spending exercise that reveals exactly where your money is going.
• What real wealth looks like
Lessons from Tanzania, sweeping mud floors, and the difference between money and happiness.
• How to take your first step even if you’re broke
A practical, realistic starting point for anyone feeling overwhelmed.
Chapter Markers
00:00 Intro
01:09 Guest Introduction
02:21 Growing Up Without a Father
04:58 From NFL/Navy SEAL Dreams to Finance
08:14 Money Mindset Shift
10:54 The Financial Education Crisis
12:12 Founding Black Mammoth
15:13 Emotional Intelligence & Wealth
21:43 Tanzania, Purpose & True Wealth
24:18 InvestorFy Sponsored Break
25:21 Lessons From Tanzania
28:31 Budgeting, Spending, and Practical Systems
32:03 Debt vs. Leverage
35:31 How to Start When You’re Broke
38:13 Rapid Fire Round
40:00 Closing Thoughts
Connect With Stoy Hall
Website: blackmammoth.com
Podcast: No BS Wealth
Instagram / Social: @stoyhall (and all major platforms except Reddit)
Connect With David Webb
Website: NoMoneyMillionaire.com
Instagram: @thenomoneymillionaire
Facebook Group: Building Wealth From Nothing
8 episodes