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
Scams, Layoffs, and Teacher Pay Cuts | Let’s Get Real Ep. 24
This week on Let’s Get Real – we’re tearing into the headlines from the week of August 4th and not holding back. From FBI-confirmed pump-and-dump scams designed to leave you holding the bag… to TikTok layoff videos that could wreck your career before you even hit “upload”… to an Iowa task force actually floating performance-based pay and benefit cuts for teachers—yeah, they really said that.
I’ll break down exactly what’s going on, why it matters to YOU, and the moves you should be making to protect yourself, your money, and your future. No sugarcoating, no corporate spin—just straight talk and action steps.
Watch the full episode here: https://youtu.be/ZH5YSIMvW9Y
Learn more at: blackmammoth.com
Book your Power Hour here: https://www.blackmammoth.com/powerhour
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!
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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 know what time it is, it's, let's get reels review week of August 4th, of course. And mind the hair.'cause Barbara told me about two and a half hours before that he was gone. So let's go ahead and just dive right into this. So this week in review, as you've seen, the shorts we're on top, hop pump up. Yep. Yep. TikTok. TikTok Layoffs and why those post threats to both employers and employees, and then a new one that just dropped, actually, I'm filming this on Friday the eighth, and this one just came out. And just, just listen to the title of this Iowa Doge Floats Performance Based Pay for Teachers in Eliminating IRS for New State Hires. Mind balling and shit. We're gonna get into those. We're gonna go through'em. We're also gonna have you a little bit of action step in telling you, from my opinion, of what you should do to either benefit your life or avoid these crazy situations. First up, pump and dump. Yeah. Well. I know you probably shouldn't Google that. Um, you never know what you'll find. However, in the financial world, a pump a dump is essentially this, right? There is a stock that a group of people are going to put a bunch of cash in, market it, hype it up, say all these things in the media to pump a lot of stuff into it. Since they hold the majority of the shares, as soon as it gets to the price point that they want, they then dump it, right? Meaning that they sell all of their, um, shares out, which then. Drops the stock and dumps it hole, and you will be there holding the bag. For example, say, well, the one article we're talking about, um, from Trading View is OST, Ostin Technology Group. Not like you're gonna know it, but it's a small Chinese electronics company. Started the day at around 55 cents. They pumped it up, they got it to run all the way to, um, about nine, four,$9 and 40 cents. Those people, then, whoever they are, the fraudsters would have sold their stock and it came all the way back down to roughly around 55. Cents about 93%. So what that means is now you are stuck holding a bag at about nine 40 or$9 or$8 or whatever, and it has dropped so low that you're not gonna see your money back. Now why do we bring this up? Well, we're in a day and age that there's a lot of meme stocks, uh, and there's a lot of investigation going on these pump and dumps, um, that are happening. This one specifically is be, uh, investigated by the FBI and has been found to be an actual pump and dump, and you'll see things come out, um, about who's going to. Whether it's prison or owe a bunch of money because of this, but ultimately this is why the meme stock craze, the, you know, the Reddit stock craze, those things that when you see a stock flying at a hundred percent a day, 20%, 30%, and they're just keep going. You need to be worried and wary about is this a pump and dump? Is this not a pump and dump? Okay. So if you like these stocks or you want to get involved, have an exit strategy and an exit plan. Understand. So this is my opinion piece about this AR article, have always an exit strategy. So if I wanted to get involved with this and I'm like, oh, awesome, this is something I wanna get involved with, it's going crazy. Whatever I purchase it at, I wanna make sure I know where my profit is. So. We'll use easy math. If this is a$10 or a dollar a share type stock, and I get in at a dollar. I know at a dollar 25, I want to make sure I pull my profit out or I set my stop-loss at a dollar 25, so if it goes higher, I can sell it for. Much more if I want to, or if it comes back down to a dollar 25 or a dollar 24, then I'm automatically going to put that trade in and sell it and lock in my profit. Other side of the coin, if I do get in and it is the high and it is at a dollar, I'm gonna also set my stop loss for the other side of it. So if I know whatever this is, I don't want to go down more than 10% and I get in at a dollar, I'm gonna set my stop-loss at 90 cents. So no matter what happens. I'm going to get filled at 90 cents. Now, there's some caveat to that because trading's crazy. It's all about liquidity and your ability to get out. However, you still need a plan. I need a plan for profit and I need to plan for loss so you don't end up holding the bag. Next article of the week for review, uh, written by the financial Times. And that is TikTok layoff. Videos pose risk for posters, posters, posters for posters and employers or employees and employers. So this is a double-edged, so sword with social media, right? Um, it's great for marketing. It could be huge for publicity, all of those things, but also has the negative effect. And that's what's happening when it comes to these layoff videos. It's doing two things. It's telling everyone about the culture of the, of whatever company, the business that's going in. It's. Providing that transparency, but that's also a bad thing. Why are they letting people off? Why is their culture like this? Why are they in decline? Right? So now no one would wanna work for them, or less people would wanna work for them. Flip side of that too, for the employee who posted, employers don't wanna hire someone who's just gonna make these videos and show the insides of their business, and now you pose a threat to not getting hired because they don't want that double-edged sword. I, I'm all for transparency. So lemme start there. I love the transparency, however, you gotta be smart about protecting yourself. So my opinion on this is you, do you boo boo? Hey, you do you, if you want to film and talk about the layoffs and everything, you go ahead and do so, but make sure that you also talk about. Who you are as an employee, what you look for, and why you're doing this one time video or this one off video, that you are not the person that's always gonna air everything but are trying to do the right thing for others. Even in your shitty situation, employers, I wouldn't necessarily look at one of these videos as. You know, cringe or the wrong thing to do. I would try to ask more questions if that person is coming to me now. So if I was gonna go hire her, um, the one who filmed this, I would ask more about it and figure it out. Um, because that's more important than the end of the day of just writing people off the final article of the week to review. And this thing tell you, I tell, I tell you what, this one I'm watching, uh, just drinking some coffee, scrolling my do my thing.'cause it's how I. Come up with these things and this thing popped up. I got so visceral, mad for all of the teachers that I know that are trying their damnedest and their hardest to do what is best for these kids when, one, I know Iowa specifically is really bad in education and doesn't support their teachers to the degree, which I think they should, let alone the United States not doing. So to have this article pop up and explain that the Doge task force is floating around ideas to make. Teachers be on a performance based and cutting their benefits, nah. Mm-hmm. Not gonna happen. Um, so whoever you are, task force member, Terry Lutz, by the way, knock this shit off because everyone's gonna vote against this. There's no way that this should go through. Granted, where we live and the, you know, the United States currently right now, this shit actually might go through, but let's dive into what they're talking about. Okay? They're currently talking about the fact that. Iowa has increased the spending K through 12 over time, but still ranks nationally, like in the middle of the pack, like the lower end to the middle of the pack. So he is basically saying, we're putting all this money in, which is not a, like a big number by the way. They just increased spending not to the level they need to. Um, he's saying, Hey, we're putting all this money in and we're still in the middle of the pack. What's the point? Let's cut costs and, and make the teachers perform. And then that way. Or hopefully our grades and stuff go up. So they recommend to pay for performance and how they say this would work would be based upon the student's outcomes in the standardized testing and, and test results, which by the way, standardized testing has its own issues and we already know all about that, right? That is a whole other topic. We should get down to that rabbit hole at some point. However, this one would compare the dollars spent with the student's achievements, both teachers and admins. Administrators, you think about that kid doesn't wanna show up, kid does has a bad attitude, kid has a terrible, um, family situation at home. Maybe they're homeless. You name the issues that also go into the performance of a child. Let alone that they're in school for eight and a half hours, they're told that they have to go to this many days. The teachers have to slow play their education because they have to put those hours in. So you're telling me a broken system that already doesn't pay teachers enough, doesn't allow them enough money to have the resources to improve the student's performance now is gonna be held to a standard that they are pay is based on performance. Get the fuck outta here, please. Thank you. The other part of it. They were talking about, let's said some state jobs have healthcare and retirement benefits that far exceed the private sector. Because it's not the private sector dummy. This isn't private. We're not making schools private. Right? So he's actually talking about getting rid of irs, by the way, that is the state pension plan for all those others out there. Every state really has a pension plan, um, for their, uh, public employees, specifically teachers. Uh, he's saying to cut that and get rid of. Entirely, uh, because apparently the state of Iowa contributes nearly 70% of the employee's retirement plan, and he wants to flip that to where a majority of it comes from the employee. So the same teacher that you don't pay enough money, you now want to take more money outta their pocket to put for their retirement, that you're gonna actually do a pay for performance and not give them the. You see where I'm going with this? Okay. This is absolutely asinine, uh, and absolutely ridiculous. The task force is facing a September 29th deadline to deliver its final recommendations to the governor. By the way, the governor that's on her way out as she should be, um, tucking her tail and running a little bit. So we'll have another update around this, but that's just the tip of the iceberg for these recommendations, and it's absolutely asinine. And this is one that I will follow. Till the end of time. Um, but you should go check out this articles'cause it's in there. So overall, the week of August 4th, some shit happened. Some things happen. I know we're over our 10 minute mark, but one, make sure you're watching yourself. You have a plan for any pump and dump situations that are going on. Two, if you're a teacher, let's stand up. Let's fight, let's do what's right. If you're not, let's stand up. And do what's right for, um, our teachers as well. So that's the end of this week. Look forward to next week. Uh, stay tuned.
