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
Women's PAY GAP is Just the Tip of the Iceberg | Let's Get Real Ep. 7
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LET'S GET REAL: THE PAY GAP IS BULLSHIT - BUT THE INVESTMENT GAP IS WORSE
82 cents on the dollar? That's what women still make compared to men in 2025. But hold on to your wallets, because women only own 32 CENTS for every DOLLAR men have invested.
In this no-bullshit episode, Stoy Hall tears into why women are still getting financially screwed in 2025 - from corporate loyalty traps to confidence killers. He exposes the ugly truth about why maternity leave is treated as a "risk" and why women's wealth-building has been systematically sabotaged for generations.
But this isn't just another bitch session. Stoy drops straight-fire advice on how women can:
- Recognize their true value and demand what they're worth
- Find financial advisors who won't mansplain their money
- Embrace calculated risks to build real wealth
This isn't about playing nice in a broken system. It's about blowing up the barriers keeping women from financial freedom.
Ready to close the gap? Listen now and join the wealth revolution at nobswealth.com.
Watch the full episode: https://youtu.be/PesMTU-PxTQ
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.
It's 2025 and we're still dealing with the same shit, the inequality of our pay. Why can't we pay women more? What is going on? What can we do to do better? But also is the pay gap bigger or is the investment and ownership gap bigger? I don't know. Let's find out together today. On let's get real honestly currently right now women make 82 cents on the dollar to compared to men that now Some of you are like, well, that's only 28 cents. It's not that bad Yeah, but that is an issue. Why is that going on? Why isn't it dollar for dollar 95 cents to a dollar? Why do we have to have this comparison? Between both women and race compared to to men. Why is that happening from an income perspective? Well, the answer is we don't really know overall Except for we have some ideas of what could pertain to the pay gap and that one being overall women are more loyal Therefore, they stick in their positions longer, and the longer you're in one position, the technically overall pay that is less. Meaning, if I was to stay at one job for a long time, my pay raises would occur. That's cool. I would be getting paid more, but if I went to take that same position that I was in, I went to a new company. I would actually get a higher pay race. And that's why we're seeing this new generation, if you will, newer generation, this new method of instead of being loyal to a company for 30 years, you're there for a couple and then you move on and you move on. Well, that's what's happening is the pay is increasing as you go because the talent continues to happen. So we got women one being more loyal. Therefore, that is not occurring as well to having the lack of confidence to stick up for yourself and say, I deserve this amount of money. For what I'm doing for my position. I'm a badass. I'm the best you got. So you're going to pay me accordingly, or I am going to go to this other company and work as well. And then third, you've got the whole, Hey, having a kid thing, right? And for some reason, companies. Put that on as a risk thing and therefore they will pay women less because of maternity leave because of the ability that may, maybe, um, alone will not want to come back after having a child as well. And so now you've got to come accumulation of all of these things, right? Overall, just loyalty, lack of confidence in terms of asking for more money, the maternity and, uh, care taking, giving abilities to not only their own children, but the, their parents, maybe their spouse's parents. Just that under fundamental root of being a woman and caregiving. All three of those things are going against women when it comes to the pay gap. Which gets me into even the bigger, bigger piece here. That bigger piece is for every dollar a man owns of investments, stocks, etc. Only 32 cents of that dollar are invested or owned by women. That's a massive gap. That's even bigger than the pay gap, right? Now a lot of you are going to say, well, if you don't have the money, you can't invest. That's absolutely true. Right? Let's be real. Numbers are numbers. If I'm making less than you, that means I have less to put into investments and ownership as well. But also just under root fundamental take. That we have spoke about on previous episodes is that men are always taught to figure it out, to take more risks and to go get it done. Women are held back to take care of plan out and make sure things are, are rooted. And from an investment standpoint, that also happens the same exact way. Women are less likely to go invest in the stock market, for example, by about double less than what men do. Right. And so when you take all of those into factor, yeah, women are going to invest in own less things from that perspective. Now, why is that? Well, aside from what I just talked about from previously with the confidence, the understanding, the loyalty, uh, is They don't have a long history of being able to vote and be involved with investments to deal with to begin with Let's be real here. It's only 1970 I think 1971 where women are allowed to have a credit card. That's not 50 years ago 54 years ago That's not very long So they don't have the understanding and the whole process of how investments work on top of it. Now we are seeing a massive trend of that shifting. And with this whole movement of money and shifting of, of wealth, we are seeing that, uh, trend uptick a lot. So you stay tuned and watch out for that one. So now what can women do? What should be women be doing in terms of affecting their investment ability, their pay gap ability and overall? Well, it all starts with one truly understanding who you are and having a, Correct value of yourself. I know we talk about that all the time. You see me spew that across podcast episodes and all over the interwebs, if you will. Um, but it's true. If you understand your true value and understand what value you bring to others or to a business or whatever, then you can attest and have that, uh, confidence in yourself, but also confidence in what you're speaking about in order to achieve. That's a lot of big words and jargon for basically say, Hey, stick up for your damn self. Tell them what you're worth. Ask for it. They don't give it to you. Leave. Move on. That's first. The second, once you know that value and all of those things, you're moving parts is just more education and building a trust with someone who can help out. Now, granted most financial advisors are white guys, let's be real, white men make up a predominant of our financial advisory group, therefore it's going to be harder to find someone to relate to, but there are many out there and it is a growing population. The minority and the women CFPs are continuously growing, so it's just a matter of finding the right resources to find so, and if you need to reach out to me. Right? Go to NoBSWealth. com. Go ahead and look up the resources and vetted partners. There are amazing planners out there. We can get you in touch with them as well. The third is you're going to have to take the risk inherently. I know it goes against the gut feeling of what women want to do, but you're inherently going to have to take that risk in investments. There is risks, not investing. There are risks surviving life, flying in planes, driving cars, there's risks all over the place. There is nothing guaranteed on this life. Or on this planet, except for death, really, uh, and so with that, you're gonna have to take these next steps in terms of providing yourself with the ability to say, yes, I'm comfortable with that. I'm gonna take that risk. If it doesn't work out, I'm going to figure it out, take the next risk and continue on. And then with doing so, you're going to see an increase in women growing their portfolios, their investment accounts in moving forward with, uh, their own wealth generation in terms of dollars. And there, there you have it. It's 2025, and we're still speaking about the pay gap, which I find inherently idiotic in today's world. We're also now talking about an investment gap, which is even larger. And third, overall, we are just talking about a population, both women and minorities, specifically women, that have been subdued and suppressed for so long in regards to having the ability for all of these opportunities that they're behind and they just lag behind. So if you're out there listening and you're a man, which a lot of my YouTube followers are, if you are help reach out and help, do not demean reach out, help, and help us provide more confidence, more education, resources. And more opportunities for investments for our women. On the next episode of Let's Get Real, where should we go? Comment. Ask us questions. What content do you want to provide from a no bullshit, unhinged, black CFP like yourself, or like myself, Stoy Hall. Stay tuned.
