Artwork
iconShare
 
Manage episode 521270768 series 3695855
Content provided by David Webb. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Webb or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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

  continue reading

8 episodes