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
YOU ARE TRAPPED: THE 5 MONEY TRAPS DESTROYING YOUR WEALTH | Let's Get Real Ep. 12
Shoot us a message, we are here for you and we listen!
WAKE THE FUCK UP. You're caught in a financial cage of your own making. In this raw, unfiltered episode, I expose the five deadly money traps keeping you broke while the wealthy get richer:
- The endless DEBT CYCLE you can't escape
- The so-called "AMERICAN DREAM" bleeding you dry
- Your soul-crushing JOB DEPENDENCY
- Financial ILLITERACY they never taught you
- KEEPING UP WITH THE JONESES - the pathetic status game destroying your future
I'm not here to coddle you with bullshit financial advice. I'm here to drag you out of your comfort zone and into reality. Stop wasting your life chasing designer labels and approval from people who don't give a shit about you.
It's time to break free, build assets that make money while you sleep, and create REAL wealth on your terms.
GET UNCOMFORTABLE. GET WEALTHY.
Listen on YouTube More hard truths at nobswealth.com
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.
You are trapped. You. Sorry, I don't know why that just came to me, but it did. And I'm gonna talk about the five money traps that are happening to you right now in specifically America. If you're in a different country. I'm sure a lot of these are similar, but I'm in America, so I'm just gonna speak to those. And those five are that debt cycle, the American dream, job dependency, financial literacy, or lack thereof. And then the five, number five, of course, keeping up with the Joneses. So let's hit upon the debt cycle for those that have followed me a little bit. If you, if you went back, I talked about this specifically about good debt verse bad debt, and how we continuously repeatedly do the same things over and over again. So I'm not gonna necessarily repeat exactly that video. You can go ahead and go do that. I'll attach it. Somewhere is around here, but specifically is we continuously to keep going into debt. We get outta debt, we have money, we go back into debt. We continuously do this both through generations, but us as humans as well. Hell, I've done it myself where you pay off a car, oh, let's get a new one. You pay off the credit card. Oh, there goes another spending. And that is because we're comfortable. We're used to it. We're used to being just survival mode, if you will. And that is why having the debt cycle is. Probably the number one issue when it comes to building your money, and that's a trap, so don't do it. Number two, the old American dream. Let's buy a house with a white picket fence. Let's live our life. Let's travel. Let's do all the things in the American Dream. And I know I've talked about this one just previously with the debt as well, and that is the fact that your primary home and trying to keep that up is a trap in itself, if not used correctly. And what do we mean by that? You still have upkeep that you have to do. You still pay taxes on that and you're not able, able to use your equity unless you get a heloc, a home equity line of credit, and you still have to pay for that, which is funny. So the American Dream, get a job. Get a car, have kids, et cetera, is also a money trap unless you have planned for it for it and used it correctly and wisely. The third one is job dependency. The hell does that means toy, I have to work to make money. Yes, technically you have to do some type of job, own a business, go to work. One of those two things. However, it's about investing in assets that make money for you down the road, right? So Ultra Wealth, we do this all the time. They have different assets, whether it's real estate, other businesses, et cetera. They have money making them money What without them working. And the more you can do that, the less dependent on a job you are. So ask yourself this question, if you were to lose your job tomorrow, are you dependent on it for money? And if the answer is yes, you are, which is like 99% of us, then you're dependent on your job. Which means you are not making the best decisions for you and your and yourself because you're now tied to this thing called the job, or specifically that career path. So let's work on getting assets to work for us. Number four. Number four is financial literacy. So I'm doing what I'm doing because. I'm trying to educate you in the best way possible. Well, at least in what I think is the best way possible. And that's being transparent and talking real. As real as I can get. I probably could get realer. Um, YouTube might not like all those words though, so we're just gonna stick to how it is. The lack of financial education in America, specifically, not having financial literacy in schools as the subsequent of math or science is being detrimental to us. Uh, when we become adults, we don't know how to. Balance a checkbook. We don't know how to really deal with taxes. We don't know how to save. We don't know how to live with money. And what do I mean by that? We don't know how to live with money sitting in our savings account, right? We know we have money coming in. We wanna spend it all, and we just repeat this and we get in debt and things happen and it gets worse and worse and worse and worse. We are very much uncomfortable with having thousands of dollars set aside doing whatever it's supposed to be doing and us not using it. That is not only a fin, a financial education issue, it's a mental health issue in my opinion. And something that we need to address, we need to address relatively quickly. And then number five, as you all know, keeping up with the Joneses. For the love of all as holy people. Stop trying to keep up with the Joneses. Stop having the Burke bags. Stop having the Jordans stop driving the fanciest cars. Stop trying to get a condo downtown. When you don't have the money, stop doing that. It's not helping you at all. Might make you feel good right away. But I inherently is gonna make you feel like shit later because you've wasted all your money on something that is inherently not who you are. Caveat. If that brings you joy and happiness and it's who you are and that's what you want to do and you've planned for that and have adjusted otherwise in your plan, then go ahead. But please, please stop doing that. The people don't care and the real people that you want around, you really don't give a shit. So please stop doing so. So the five money traps that you are probably currently doing right now that is causing you not to grow your wealth and become one of those wealthy individuals that we like, deter, determine who they are. That is first and foremost, the debt cycle, the American dream, job dependency, financial literacy, or illiteracy, most likely. And number five, keeping up with the Joneses. Those are the five. What are you gonna do to help yourself? Here are some things that can help you. One, follow me. Like share, get this to everybody, but also seriously, the resources that we have to help you understand on the financial education piece is going to lead you to changing all the other things. I said this and I'll say it again. Knowing who you are and valuing yourself, right? Putting yourself on a pedestal, loving thyself first, and understanding what brings you joy. We'll fix and change all those other things. So let's start there. Second, let's make sure that we're bringing in more income than we're spending. Third, let's not get caught up in owning a house or all of those things. Let's make sure that the plan that you wanna live is good for you. Let's then try to invest in some assets that are gonna make us money while we're sleeping. So therefore, we are not dependent on whatever your boss tells you to do. And last, not least, stop keeping up with the Joneses. You can handle all of those things. Your wealth work will grow, and let's get real. It's really not fun. Trying to put on for others and appease others. You just do that so someone gives you a like, stop doing that. All right. Knock it off. Very immature if you do it. I would hate to be so immature.
