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In this transformative episode of The ThriveWell Journey, L. Michael Burt sits down with Stoy Hall, CFP®, CEO and Founder of Black Mammoth, to uncover how redefining wealth can break cycles of scarcity and unlock a life of purpose-driven success. From growing up in scarcity to creating an inclusive financial firm, Stoy brings a refreshing, human-first approach to wealth building that goes beyond numbers.

Discover why wealth isn’t just about money—it’s about joy, fulfillment, and legacy. Stoy shares the mindset shifts and real-life experiences that reshaped his definition of success, including how financial literacy and emotional intelligence intersect to create lasting impact. Together, they unpack how to:

✅ Break free from scarcity thinking and embrace opportunities with courage

✅ Redefine wealth as happiness, freedom, and meaningful experiences

✅ Teach financial literacy to the next generation and build true generational wealth

✅ Protect your financial and emotional well-being in a world shaped by social media

✅ Leverage community and networks to achieve holistic success

Whether you’re a new entrepreneur navigating money pressures or a leader ready to expand your definition of success, this episode will challenge and inspire you to build wealth that matters.

💡 Remember: Wealth is more than numbers—it’s the story you’re writing with your life.

🔔 Subscribe for more episodes on purpose, transformation, and leadership.

Chapters

00:00 Introduction and Background

03:02 Journey from Scarcity to True Wealth

05:52 Lessons from Tanzania and Mount Kilimanjaro

08:58 Redefining Success and Wealth

11:47 Understanding Scarcity Mindset

15:05 Breaking Free from Scarcity

17:53 Generational Wealth and Financial Education

20:46 Teaching the Next Generation about Money

33:51 The Importance of Long-Term Financial Planning

34:56 Breaking the Cycle of Scarcity Mindset

37:55 Understanding Emotional Connections to Money

41:32 The Impact of Financial Stress on Mental Health

44:51 The Pressure of Social Media on Success

49:17 Finding Personal Joy Beyond Social Media

49:51 Redefining Wealth in a Complex World

53:27 The Concept of a Modern Family Office

01:00:10 The Journey of Wealth Building

01:01:14 Leaving a Legacy of Service and Transparency

🔗 Connect with Stoy Hall:

https://www.blackmammoth.com/how-to-become-rich-guide

LinkedIn: https://www.linkedin.com/in/stoyhall Instagram: https://www.instagram.com/stoyhall/

🔗 Connect with L. Michael Burt

https://linktr.ee/lmichaelburt

THE THRIVEWELL JOURNEY

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