Black Mammoth CEO Shares Financial Planning Tips for Entrepreneurs
About the Guest(s):
Stoy Hall is a Certified Financial Planner (CFP) and the CEO and founder of Black Mammoth. With over 13 years of experience in the financial industry, Stoy Hall is recognized for his innovative approach to wealth management and his dedication to promoting financial literacy. As the CEO of Black Mammoth, he has carved a niche in the financial industry by focusing on inclusivity, collaboration, and the holistic well-being of his clients.
Episode Summary:
Welcome to The Chris Foss Show, where Chris Voss interviews CEOs, authors, thought leaders, visionaries, and motivators. In this episode, Chris Voss sits down with Stoy Hall, the CEO and founder of Black Mammoth, to discuss his innovative approach to wealth management and his dedication to promoting financial literacy. Stoy Hall shares his journey in the financial industry and explains how he started Black Mammoth to create a modern family office that is accessible to everyday business owners. He emphasizes the importance of financial education and the need for a team of professionals to support business owners in managing their finances effectively. Stoy Hall also highlights the various services offered by Black Mammoth, including Mahalo service, personal CFO, and consulting, and provides valuable insights into investment strategies and insurance planning.
Key Takeaways:
Black Mammoth offers a range of services, including Mahalo service, personal CFO, and consulting, to help business owners organize their finances and achieve their financial goals.
Stoy Hall emphasizes the importance of financial education and believes that everyone should have a team of professionals to support them in managing their finances effectively.
Investments are just one aspect of a comprehensive financial plan, and Story encourages business owners to focus on building a team and organizing their finances before diving into investments.
Insurance planning, including life insurance, disability insurance, and health insurance, is crucial for business owners to protect themselves and their families in case of unforeseen events.
Stoy Hall’s no BS Wealth podcast provides a platform for open and honest conversations about wealth and financial planning, aiming to bring transparency and clarity to the financial industry.
Notable Quotes:
“Am I good and do I have your back? Financial planning in general comes down to those two things, and that’s what we’re here to do.” – Stoy Hall
“Money is emotional. Our emotions are tied to money. They’re integrated. And if you don’t understand who you are and where that comes from, then you can’t really create a plan ’cause you won’t follow it.” – Stoy Hall
“Investments make up a very small piece of your entire plan. Investments are not just stocks, bonds, mutual funds. Investments are real estate, foreign currency, and you as a person.” – Stoy Hall
Podcast: Play in new window | Download (Duration: 26:54 — 18.5MB) | Embed
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