Title: Wealth Done Right: Stoy Hall

Guest: Stoy Hall, CFP® — CEO & Founder of Black Mammoth

In this episode, David Webb sits down with Stoy Hall — a CFP®, founder of Black Mammoth, and host of the No BS Wealth Podcast — to break down what “wealth” actually means beyond the numbers. Stoy shares his journey from growing up in Omaha with a single mother to building a modern family office that helps people align their money with their values, purpose, and long-term vision.

This conversation covers emotional intelligence, financial literacy, redefining wealth, debt vs. leverage, practical budgeting, and the life lessons Stoy learned from his time in Tanzania. It’s a grounded, real-world discussion packed with actionable insight for anyone trying to take control of their money and their life.

• Why emotional intelligence matters more than spreadsheets

Stoy explains how money decisions are driven by emotion — and how aligning finances with purpose leads to long-term success.

• The hidden flaw in America’s financial education system

He shares why schools reject free literacy materials and how that keeps people stuck.

• The truth about debt vs. leverage

How wealthy people use leverage to build wealth, and why “debt is bad” is one of the most damaging myths.

• How to build a budget you’ll actually follow

Including Stoy’s “green/yellow/red” spending exercise that reveals exactly where your money is going.

• What real wealth looks like

Lessons from Tanzania, sweeping mud floors, and the difference between money and happiness.

• How to take your first step even if you’re broke

A practical, realistic starting point for anyone feeling overwhelmed.

00:00 Intro

01:09 Guest Introduction

02:21 Growing Up Without a Father

04:58 From NFL/Navy SEAL Dreams to Finance

08:14 Money Mindset Shift

10:54 The Financial Education Crisis

12:12 Founding Black Mammoth

15:13 Emotional Intelligence & Wealth

21:43 Tanzania, Purpose & True Wealth

24:18 InvestorFy Sponsored Break

25:21 Lessons From Tanzania

28:31 Budgeting, Spending, and Practical Systems

32:03 Debt vs. Leverage

35:31 How to Start When You’re Broke

38:13 Rapid Fire Round

40:00 Closing Thoughts

Website: blackmammoth.com

Podcast: No BS Wealth

Instagram / Social: @stoyhall (and all major platforms except Reddit)

Website: NoMoneyMillionaire.com

Instagram: @thenomoneymillionaire

Facebook Group: Building Wealth From Nothing