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
The Fed Just Screwed You, Private Equity Is Bleeding Parents Dry & War Economics Are Here | Let's Get Real Ep. 20
YOUR MONEY IS UNDER SIEGE RIGHT NOW
The system is rigged. Private equity vultures are bleeding your kids' sports funds dry. The Fed is holding rates hostage because of Trump's tariff chaos. And while you're getting crushed at the gas pump, your savings are sitting there doing nothing.
This isn't some distant economic theory - this is happening to YOUR wallet TODAY.
In this episode, I'm tearing apart the four brutal ways your money is being attacked from every angle. We're talking 5% savings rates that won't last, Fed games that keep your debt expensive, and how Wall Street sharks turned Little League into a profit machine. Plus, why we might already be in World War III and nobody's talking about it.
Here's the raw truth: Everyone's exploiting your psychological blind spots - status quo bias, FOMO, anchoring - to separate you from your cash. But once you see the trap, you can escape it.
NO SUGAR-COATING. NO CORPORATE SPEAK. JUST FACTS.
Your emergency fund strategy changes NOW. Your debt approach needs an overhaul. Your kids' sports budget requires hard lines. Because groceries, gas, and everything else is about to get more expensive.
The light at the end of the tunnel? We're not seeing it until we get through this summer. Maybe longer if this geopolitical nightmare escalates.
WATCH THE FULL BREAKDOWN: https://youtu.be/4BUHCBTcZBs
Want to stop getting financially steamrolled? Get your financial foundation bulletproof with our Power Hour intensive: https://www.blackmammoth.com/powerhour
More resources: blackmammoth.com
Time to get real about your money. The clock is ticking.
Welcome to the No BS Wealth Podcast with Stoy Hall, your candid guide to financial clarity. In our third year, we're spicing things up by enhancing community ties and bringing you straight, no-fluff financial insights. Connect with us on NoBSWealthPodcast.com, and follow Stoy on social media for the latest episodes and expert discussions. Tune in, join the conversation, and transform your financial journey with us—no BS!
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.
What's up fam? Three big headlines dropped this week and we talked about'em, right? And they're all attacking you from a different perspective. Let's talk about 5% savings, the fed holding rates hostage. Thanks Trump and private equity bleeding your kids' sports fund dry, as well as a little bit of what's going on with Israel, Iran War, and how we're getting involved. So, stick around. I'm gonna break down why each matters to you, how your brain is working against you and why you, what I think you should do, kind of in. These pictures right now, let's jump right into it. 5% savings. What the hell is going on there? Many of you have heard of the high yield savings accounts before, right? I'm sure. Right? Raise your hand. I know I have. Well, some of them are still paying around 5%, um, annualized. So take advantage while you can right now because of what I'll get to later of the fed's, uh, rate being paused. So from a personal finance perspective. Your emergency fund would be an ideal situation for this, right? It's money. You're not gonna touch unless something occurs or you're saving for a long trip. Something bigger wedding, you, you name it. That would be a fantastic spot to have something with virtually risk free as well as tax Advantage. Plus it's around 5%. So think about that. Now, I know a lot of us probably don't have that much to save. Um, now is the time to start thinking about that too. I know we have groceries getting more expensive. We have everything, literally everything else going up as we speak and gas and all that, things that we'll hit to later as well. But you need to think about starting to save. And a very easy way to do so is set up a high yield savings count and push five,$10 a month over there and make sure it's outta sight outta mind. That'll be the primary way that you can start saving your cash. So cushion, earn your work. Earning your money, um, for you. Now let's get into why that's so important. Right? So Fed decided this week to hold the rates, um, mainly because of the tariffs. Don't know if you guys know much about the tariffs or the situation with the Trump tariffs back and forth, a geopolitical mess and nightmare we are in, which I spoke about early on, um, this year. It is causing the Fed to say, whoa, whoa, whoa, whoa, whoa, whoa. Let's figure this thing out. Okay, let's see what the summer looks like before we go. And, um, reduce rates. Now that being said, interest rates, if we are looking at the historical perspective, should be reduced, right? They, they would actually give that support and lowering interest rates if it wasn't for the tariffs.'cause all the numbers really do align with that as well. How's this gonna affect you overall? Well, the variable rate on your debt is still gonna stay higher, right? We're all used to the twos and threes percents on our mortgages and everything like that. Guess what? It, it's gonna stay, um, a little higher as we speak, and we gotta figure that out. So understand that this is a, a warning shot, a pause, if you will, for the Fed to say, Hey, we're gonna take our time and look at what's going on. Um. And how this is going to affect everybody without just jumping down to it. I will also say this is, um, Jerome Powell is not going to fold to Trump. It's just not gonna happen. And he is sticking to his guns and doing exactly what the fed chairs should be doing at this time. So yeah, interest rates going down would be great for everyone else, but it also could backfire, um, and cause inflation to even go higher. So we gotta be careful here. And so take that summer. Like I've said to my clients over the last couple months, we're not gonna see like that light at the end of the tunnel, uh, until we get through this summer. Now. That was because of the tariffs. Now we're on the precipice of a war. Might change a little things even more rapidly now that we lead into that war. Right? So early on this week, I, I did a video about, Hey, world War III is not coming. I. I wanna backtrack just a little bit on that. We could be in the middle of World War III right now, right? If you look back at the other World Wars, you didn't, they didn't really put a date on it. They went back and retroactively did it. It's not like someone's sitting there and going and go World War ii, world War ii, whatever it is. So we might be in the middle of it. What I was saying, and what I'm alluding to within the Israeli Iran con, uh, conflict, it's probably war at this point, is that. The markets have not seen it like it is a war. Money moves before the breakout of things happen. Ask me why. Then I gotta put my, you know, tinfoil hat on. Because ultimately for some reason, money knows what's gonna happen in the world before we actually see it happen. Don't ask me how that works, but that's what happens. So right now the markets and everything are not showing and screaming at us that the War, war War III is on the precipice of just. You know, blowing up in front of us. That being said, this wishy-washy going back and forth with Trump saying, Hey, um, you know, we're cleared to start war embalmer on, or I'm not gonna wait two weeks. That's going to cause us again, back and forth. And that's what we've been doing all year long of like, we're doing this, we're not doing that, we're doing this, we're not doing that. When are we gonna do this? But we're not doing that. And ultimately it's causing chaos. And that chaos is good for making money for some people. But for the everyday people like us, we kind of want to see kind of a light at the end of the tunnel and working towards something, whether that's good or bad, kind of need to see what's going on. So that's what we're gonna be seeing through this summer. Um, maybe here in the next couple weeks, maybe. Next week's episode, I'll have a update and be like, Hey, this is the shit that went down. Um, but ultimately that's what's happening when war starts as well. Oil prices go up, oil prices go up, it's gonna hit your gas. So think through that. Speaking of gas. Kids, these damn kids sports. Woo. No one put that in the, um, the manual of how much kids sports cost. Uh, and it's only gonna get worse. I'm here to tell you. Because since 2019, not only has a a sports cost surged about 46%, we're now seeing private equity firms go some really good money in there. And people love sports. They'll never go away. Parents will always do what they want for their kids. Why don't we kind of jump into that? And so now they have plowed over. You know, a few billion dollars into the sport youth sports arena. Whether that's in tournaments, whether that's in, you know, the apps that we're all using and seeing whether that's in the other technology that's going around. And I am sure behind the scenes there, there is even more and more and more and more as we go. And that's kind of terrifying'cause it's getting more expensive. Right? I mean, a lot of us are rating our emergency funds, skipping vacations and using. The travel tournaments as our vacation, right? Our budgets are really, really thin because we want what is best for our kids. And I'm here to tell you that that system right now is broken. I hate it myself, but it's something that we gotta figure out and I just don't have the answer to. Right? So think through that as we're going through that. Private equity firms don't give a shit about your kids. They're chasing their returns, so don't let them bleed you dry. If, and this is coming from me as an athlete. If your kid loves the sport, regardless of what team they're on or how the level of whatever, just make sure they're on a team that pushes them. They keep their joy, they keep playing.'cause at the end of the day, that's what matters and that's who sticks to it longest. There's facts and data all over the place that majority of kids stop playing sports around the age of 13. Soccer, it's nine. Um, your other sports around 10, 11, 12 football, you really don't even start until then. So it's a little different, but. Think about that. That's not a long period of time. Specifically when I'm talking about a my 11-year-old son. We only got a couple more years till we're reaching that. So make sure you're just pushing them and don't let the money thing be an issue. There's always teams out there. And guess what? Just'cause your 10-year-old, 9-year-old, 11 year olds on the elite team or the ECNL team in soccer or the the highest of the highest travel ball in baseball. Doesn't mean they're going to go D one, doesn't mean they're gonna go pro. Doesn't even mean gonna mean they're gonna play in high school. Think about that. So there we have it, about four forefronts of where your money's being attacked, whether it's idle cash rising, borrowing cost, overpriced sports, not gonna be our gas prices. The common thread here is everyone of these exploits us in a different way, whether it be in status quo, having a bias anchoring, fear of missing out, fomo. But once you see that trap, you can understand and get out of that situation. So let's automate our savings. Let's lock in our rates. Let's draw our lines really hard about our spending and, and draw it to what we want to do for, um, our joy. Understand that groceries and gas are going to go higher, especially in the vacation season, and make sure that, guess what you hit, subscribe you like. Let's do the comments. And the end of the day, all we are here to do. Let's be real. So let's get real folks.
