NoBS Wealth
Welcome to the NoBS Wealth Podcast—where we ditch the BS, cut through the noise, and get real about what it takes to build wealth, especially for women, minority business owners, and those standing on the edge of their financial journey, ready to take that first bold step.
We’re not here to sugarcoat it. I’m Stoy Hall, your host and Certified Financial Planner, and I’m bringing you conversations that go beyond the spreadsheets. We're talking about the emotional, psychological, and real-life challenges of money—and how to crush them.
Why You Should Tune In:
- No Fluff. Just Actionable Advice: You don’t have time for complicated, jargon-filled nonsense, and I don’t have the patience to give it to you. Here, we’re breaking down strategies you can actually use—whether you're managing cash flow in your business or figuring out how to start investing without feeling overwhelmed.
- Your Money, Your Mindset: If you think the key to wealth is just about saving and investing, you’re missing half the game. We’ll tackle the inner work—overcoming financial fear, breaking generational money cycles, and adopting a winning mindset to keep you in the game long-term.
- Real Stories You’ll Relate To: We’re bringing on guests with stories like yours. Women and minority business owners who’ve been where you are, taken the risks, and come out on top. No “overnight success” garbage—just honest journeys filled with ups, downs, and everything in between.
Who This Podcast Is For:
If you’ve ever thought:
- “I want to build wealth, but I don’t know where to start.”
- “I’m ready to grow my business, but I need guidance on the financial side.”
- “I don’t come from money, and it feels like I’m playing catch-up.”
Then congratulations—you’re exactly who this podcast was designed for.
What You’ll Get Out of It:
- Breaking the Fear: We’ll help you face that first step head-on and show you that building wealth isn’t just for the rich or privileged—it’s for you.
- Alternative Wealth Strategies: From real estate to investing in your business, we’ll explore nontraditional ways to grow your money without drowning in “just invest in the S&P 500” advice.
- Practical Tools: Whether it’s tax hacks, cash flow management, or scaling your business, we give you the tools to act, not just dream.
It’s time to bet on yourself. Tune in, get inspired, and most importantly—take action. The life you want? It’s within reach.
Visit nobswealth.com to catch our latest episodes and join the NoBS movement.
And yeah, we get a little explicit around here. You’ve been warned.
NoBS Wealth
Breaking The Money Silence - A Hard Truth About Systemic Barriers | Let's Get Real Ep. 2
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TIRED OF PLAYING SMALL WITH YOUR MONEY?
Listen up. This isn't just another finance podcast - it's your wake-up call. We're ripping off the band-aid and talking about why women and minorities stay quiet about money... and how it's killing our chance at building real wealth.
Let's get uncomfortable for a minute: 13.8% of Black families don't even have a bank account. That's not by accident. The system wasn't built for us - but we're done letting that stop us.
Look, I get it. Maybe your culture taught you to take care of everyone else first. Maybe you're drowning in student loans. Maybe you're tired of being the "only one" in those finance rooms. But here's the truth: Your silence about money is costing you everything.
This episode? We're breaking down:
- The REAL reason you're scared to talk about money
- Why your "family first" mindset might be keeping you broke
- How to stop letting old money trauma run your life
- The truth about building wealth when the deck feels stacked
No BS. No sugar coating. Just real talk about real money and how to get it working for YOU.
Ready to break the money silence? Hit play, then head to nobswealth.com for your free wealth-building starter pack.
Because baby, it's 2025 - and we're done playing small with our money.
Your financial freedom starts here. Let's get real.
👉 Visit nobswealth.com for more money truth bombs and free resources to start your wealth journey today.
As always we ask you to comment, DM, whatever it takes to have a conversation to help you take the next step in your journey, reach out on any platform!
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DISCLOSURE: Awards and rankings by third parties are not indicative of future performance or client investment success. Past performance does not guarantee future results. All investment strategies carry profit/loss potential and cannot eliminate investment risks. Information discussed may not reflect current positions/recommendations. While believed accurate, Black Mammoth does not guarantee information accuracy. This broadcast is not a solicitation for securities transactions or personalized investment advice. Tax/estate planning information is general - consult professionals for specific situations. Full disclosures at www.blackmammoth.com.
Why don't minorities and women talk about money? I'm here to tell you and to break that little curse. Because if we don't speak about it and they don't talk about it We're going to continue this vicious cycle that we've been on for a very long time. And so let's hit upon the first one, and by the way, I have notes now, so, uh, you're on, we're on to something this year. Systemic barriers. Ultimately, these barriers have been around for a very long time. Think back all the way back to when women weren't allowed to vote. Minorities weren't allowed to vote. Women weren't allowed to work in the workforce. Minorities weren't allowed to work in the workforce. And then all of those stereotypical things that comes into the workforce when they do join. They're lesser, right? Black man, going into business, he doesn't have enough experience, he's never been around it, they're not smart enough. Women, they should be in the household, making food, taking care of the kids, they don't have the mental strength or the capacity that men can do. Think about all of those, and how you have to overcome them, if you are a minority and a woman. Now that being said, it is 2025 now, so things have changed. But they're still out there, and we are now overcoming that within our own households. According to the FDIC, 13. 8 percent of black households are completely unbanked. The hell does that mean? It means they don't go to the bank. Either they can't because of their credit, they don't trust the system, or they don't even have enough funds to actually bank with. 13. 8 percent Compared to White households at two and a half percent. That's a drastic drastic difference I didn't break it down in between women and other minorities But I'm going to tell you that it is probably within those same realms now you you talk to me and think about you not Banking how hard would it be not to have a debit card? Where would what would you do? Where would you go next? You probably go to a credit card You probably go to a payday loan and ultimately those both Scavenge on the economic lessers, right? We call them poor people, right? We all call them poor people. That's who they approach and that's who they attack. And they are designed to do so. So, less education, more barriers, and the easiest way to do things is something that will hurt you. Way more in the long run than the short one. You tell me how women and minorities are supposed to be open and talking about their money when things are built against them. Now I'm not making excuses. I'm just pointing out the realness of it. Now let's talk about the cultural norms. Our Latinos, our Asians, typically in their cultures, their families take care of their elders. Right? Am I wrong? Pretty sure I'm right. Two, take care of their elders, whether that is making money and sending money back home, whether it is keeping the elders in their home and them taking care of them. And you tell me if that puts a burden on anybody. We're starting to see it a lot right now where we have an aging population, the boomers, if you will, and older. That are living in homes, whether that is in nursing homes, whether that's at home with their loved ones, but they didn't have the money to support it. Therefore, the younger generations are taking on these behaviors. And that cultural norm is hurting both women and minorities drastically. Because women are expected to take care of them. And then most minority cultures, it's just the norm that elders live with you and you take care of your elders and you give back as much as possible. Now, I'm not knocking cultures, okay? Don't bring that shit at me. I'm not doing that. I support it myself. But what I'm saying is Those norms that you have to overcome that maybe the white population doesn't as much. Think about that. So what are some things that we can do as we think through this quick episode of Let's Get Real? Well, one, we need to be able to speak about our money in both forms, right? The form of, hey, I have some, I need help. Or the form of, I don't have shit, and I need help. But ultimately, we need to take this discussion further and deeper into our households, into our loved ones. And into our hearts to get through what's going on, both with our inflation, both politically, non politically, geopolitically, all of these issues are coming back to you. And it's going to be on your shoulders. And I will tell you this time and time again, you cannot do this alone. I appreciate you on the next episode. We are going to go through the financial trauma, some of our biases that we have to overcome on the next episode of let's get real.
