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
Should You Join The Movement To Boycott Target Over DEI | Let's Get Real Ep. 5
Shoot us a message, we are here for you and we listen!
Ever wonder if boycotting a company means you should dump their stock too? Stoy Hall cuts through the noise and gets brutally honest about the disconnect between your values and your wealth journey.
In this no-holds-barred episode, Stoy tackles the controversial Target boycott debate and reveals why emotional investing decisions could be sabotaging your financial future. He exposes the critical flaw in a popular pastor's financial advice and offers a perspective that will challenge how you think about corporate influence.
"Stop listening to everyone in the media. Understand your situation, what matters to you the most and make the financial decision based upon that." - Stoy Hall
If you're tired of financial advice that ignores reality and leaves you holding the bag, this episode is your wake-up call. Learn why owning stock might give you MORE power to create change than walking away.
🔥 Watch the full episode: https://youtu.be/U2yyN5IrxrA 💰
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.
So there's a predominant pastor talking about target and the whole DEI thing going on, right? We're all aware of those things going on. There's a lot of companies are getting rid of it. A lot of companies are sticking with it. And ultimately at the end of the day, there was a call for everyone to boycott buying things from target for 60, 90 days, whatever, whatever the date was. But the fact wasn't that I agree with that. I wholeheartedly agree that if you don't believe in a company's policies, or want to go against it, then boycott them and don't buy things from them. The issue is making a wealth decision based upon that. And so in his rant with his pastor, he went on to say, Sell all your stock in Target. That's inherently a problem for a multitude of reasons, but we'll go to. First being, uh, if you sell your stock, what if you're selling it at a loss? What if it's, you're going to have taxes if it's gained? What if that's not part of your entire wealth portfolio? Now you're uneven. Like, all those questions go into play with someone just randomly saying go sell that because of the DEI, for example. Again, two different topics. I'm not talking about the human rights piece of it with you not believing the policy and not spending your dime on there. I'm saying if you are already invested in that stock, Why would you go sell it? Because no one else is and it's going to hurt your wealth. So let's start with that one. Two, anyone know how stocks work? Anybody? How do we affect change within a company? You need a seat at the table, correct? Well, how do you get a seat at the table? You get a seat at the table by owning their stock. And every stock is worth a voting membership of something. So, wouldn't it make more sense that as a community, we get together and buy more of that stock? So we can go to those board meetings and influence change from that perspective. Now, a caveat to this whole big picture is one thing, is the fact that the shareholders for Target are already suing Target themselves for this DIA policy. But, they wouldn't be able to do so if they sold their stock. So you have to be a shareholder in order to do so. So think through those big things. There's a lot going on in our world right now and separating human rights from your wealth journey is going to be paramount because if not, and you get this wrong, then you're going to be in the same spot over and over again and get taken advantage of. So let's go back to the beginning. What is a stock? A stock is ownership in a company. When a company goes public. They're going to have open shares on the market to raise money capital for themselves to be used. And to do so they offer up stock, usually common stock. That stock can be bought by you. And now you're an owner. Now you're part of voting, uh, rights. You're part of board meetings. You can even vote on or off the board members if you really wanted to. And now you have a seat at that table. Now a lot of us don't take on that opportunity, right? Me as planner, I get those voting things. Every month from all of our investments that we have, and I even get copies of our clients once too. So no, not everyone takes advantage of that. But if you're wanting to change a company, owning majority of that would be that way. Everyone's heard of a corporate takeover. Well, the easiest way to do so. Is to own majority of the stock. Just saying. Second piece, you need to know your financial situation. Do not listen to any pundit that's out there on the media. Although you're going to be like, well, Stoy, what the hell are you doing? You're a pundit. No, no, no, no. I'm regulated. Okay. I'm a financial planner. I am speaking to help you. And I wouldn't give you just blanket advice of buy this, sell this type of situation. Except for one example. And I'll get to that here in a little bit. That being said, know your situation, get with your planner, get with your advisor, make the decision based upon your financial situation. Not because someone's telling you to buy or sell here. Got to take our emotions and we got to understand what those emotions are and assign them to different ways of dealing with situations like this. From a human rights perspective where we spend our money and what we're invested in as well So let me get to that example I said where I wouldn't give you advice of buying or selling something and this one's been on my mind For a while and I never put a video out about it But that's going to be in this rant because it kind of just came to me and so this is what we're gonna do Don't go buy The Trump coin, the millennia coin, or any of these meme coins. And I'm going to tell you not to do that. And regulatory body probably won't be upset with me about this. Because those are pure speculation, pure, purely driven on either a fear factor or some momentalist thing. In the, the stock world, um, we call those pump and dumps. Okay. Pump and dump meaning, hey, I'm going to either create the stock or create this momentum. It's going to get pumped up. I already have the shares or I bought shares before everyone else did. When it's high enough, I'm going to dump them and it's going to dump the stock price all the way down to something very small. Guess who's holding that money. You are because you weren't in early enough. You don't know when it's going to drop. And you're thinking this is a long term type investment when it is not. So I will give you that advice, right? Is don't get into these mean coins. If you want to throw in a couple hundred dollars, cool, but do not throw all your money in. That is what they're wanting. Cause then they can turn around and dump that and now you're holding the bag and you're not going to get the value out. So let's get real today, folks. Let's truly get real with ourselves. Stop listening to everyone in the media. Understand your situation, what matters to you the most and make the financial decision based upon that. While your emotions are taking over, I understand that. Look at me. I'm a black man. I get it. But our human rights decisions in our money decisions. Are always going to be aligned and if they are that's awesome But if sometimes you need to make those different decisions, okay, so stick with me and let's keep getting real
