The Fed Just Screwed You, Private Equity Is Bleeding Parents Dry & War Economics Are Here | Let's Get Real Ep. 20

YOUR MONEY IS UNDER SIEGE RIGHT NOW

The system is rigged. Private equity vultures are bleeding your kids' sports funds dry. The Fed is holding rates hostage because of Trump's tariff chaos. And while you're getting crushed at the gas pump, your savings are sitting there doing nothing.

This isn't some distant economic theory - this is happening to YOUR wallet TODAY.

In this episode, I'm tearing apart the four brutal ways your money is being attacked from every angle. We're talking 5% savings rates that won't last, Fed games that keep your debt expensive, and how Wall Street sharks turned Little League into a profit machine. Plus, why we might already be in World War III and nobody's talking about it.

Here's the raw truth: Everyone's exploiting your psychological blind spots - status quo bias, FOMO, anchoring - to separate you from your cash. But once you see the trap, you can escape it.

NO SUGAR-COATING. NO CORPORATE SPEAK. JUST FACTS.

Your emergency fund strategy changes NOW. Your debt approach needs an overhaul. Your kids' sports budget requires hard lines. Because groceries, gas, and everything else is about to get more expensive.

The light at the end of the tunnel? We're not seeing it until we get through this summer. Maybe longer if this geopolitical nightmare escalates.

WATCH THE FULL BREAKDOWN: https://youtu.be/4BUHCBTcZBs

Want to stop getting financially steamrolled? Get your financial foundation bulletproof with our Power Hour intensive: https://www.blackmammoth.com/powerhour

More resources: blackmammoth.com

Time to get real about your money. The clock is ticking.

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!

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!

Twitter, FaceBook, Instagram, Tiktok, Linkedin

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.

Episode Transcript

Stoy (00:00):
What's up fam?

(00:00):
Three big headlines dropped thisweek and we talked about'em,
right?
And they're all attacking youfrom a different perspective.
Let's talk about 5% savings, thefed holding rates hostage.
Thanks Trump and private equitybleeding your kids' sports fund
dry, as well as a little bit ofwhat's going on with Israel,
Iran War, and how we're gettinginvolved.
So, stick around.
I'm gonna break down why eachmatters to you, how your brain

(00:23):
is working against you and whyyou, what I think you should do,
kind of in.
These pictures right now, let'sjump right into it.
5% savings.
What the hell is going on there?
Many of you have heard of thehigh yield savings accounts
before, right?
I'm sure.
Right?
Raise your hand.
I know I have.
Well, some of them are stillpaying around 5%, um,
annualized.
So take advantage while you canright now because of what I'll

(00:48):
get to later of the fed's, uh,rate being paused.
So from a personal financeperspective.
Your emergency fund would be anideal situation for this, right?
It's money.
You're not gonna touch unlesssomething occurs or you're
saving for a long trip.
Something bigger wedding, you,you name it.
That would be a fantastic spotto have something with virtually

(01:12):
risk free as well as taxAdvantage.
Plus it's around 5%.
So think about that.
Now, I know a lot of us probablydon't have that much to save.
Um, now is the time to startthinking about that too.
I know we have groceries gettingmore expensive.
We have everything, literallyeverything else going up as we
speak and gas and all that,things that we'll hit to later

(01:34):
as well.
But you need to think aboutstarting to save.
And a very easy way to do so isset up a high yield savings
count and push five,$10 a monthover there and make sure it's
outta sight outta mind.
That'll be the primary way thatyou can start saving your cash.
So cushion, earn your work.
Earning your money, um, for you.

(01:56):
Now let's get into why that's soimportant.
Right?
So Fed decided this week to holdthe rates, um, mainly because of
the tariffs.
Don't know if you guys know muchabout the tariffs or the
situation with the Trump tariffsback and forth, a geopolitical
mess and nightmare we are in,which I spoke about early on,
um, this year.
It is causing the Fed to say,whoa, whoa, whoa, whoa, whoa,

(02:18):
whoa.
Let's figure this thing out.
Okay, let's see what the summerlooks like before we go.
And, um, reduce rates.
Now that being said, interestrates, if we are looking at the
historical perspective, shouldbe reduced, right?
They, they would actually givethat support and lowering
interest rates if it wasn't forthe tariffs.

(02:38):
'cause all the numbers really doalign with that as well.
How's this gonna affect youoverall?
Well, the variable rate on yourdebt is still gonna stay higher,
right?
We're all used to the twos andthrees percents on our mortgages
and everything like that.
Guess what?
It, it's gonna stay, um, alittle higher as we speak, and
we gotta figure that out.
So understand that this is a, awarning shot, a pause, if you

(03:01):
will, for the Fed to say, Hey,we're gonna take our time and
look at what's going on.
Um.
And how this is going to affecteverybody without just jumping
down to it.
I will also say this is, um,Jerome Powell is not going to
fold to Trump.
It's just not gonna happen.
And he is sticking to his gunsand doing exactly what the fed

(03:22):
chairs should be doing at thistime.
So yeah, interest rates goingdown would be great for everyone
else, but it also couldbackfire, um, and cause
inflation to even go higher.
So we gotta be careful here.
And so take that summer.
Like I've said to my clientsover the last couple months,
we're not gonna see like thatlight at the end of the tunnel,
uh, until we get through thissummer.

(03:43):
Now.
That was because of the tariffs.
Now we're on the precipice of awar.
Might change a little thingseven more rapidly now that we
lead into that war.
Right?
So early on this week, I, I dida video about, Hey, world War
III is not coming.
I.
I wanna backtrack just a littlebit on that.
We could be in the middle ofWorld War III right now, right?

(04:05):
If you look back at the otherWorld Wars, you didn't, they
didn't really put a date on it.
They went back and retroactivelydid it.
It's not like someone's sittingthere and going and go World War
ii, world War ii, whatever itis.
So we might be in the middle ofit.
What I was saying, and what I'malluding to within the Israeli
Iran con, uh, conflict, it'sprobably war at this point, is

(04:26):
that.
The markets have not seen itlike it is a war.
Money moves before the breakoutof things happen.
Ask me why.
Then I gotta put my, you know,tinfoil hat on.
Because ultimately for somereason, money knows what's gonna
happen in the world before weactually see it happen.
Don't ask me how that works, butthat's what happens.

(04:49):
So right now the markets andeverything are not showing and
screaming at us that the War,war War III is on the precipice
of just.
You know, blowing up in front ofus.
That being said, thiswishy-washy going back and forth
with Trump saying, Hey, um, youknow, we're cleared to start war
embalmer on, or I'm not gonnawait two weeks.

(05:09):
That's going to cause us again,back and forth.
And that's what we've been doingall year long of like, we're
doing this, we're not doingthat, we're doing this, we're
not doing that.
When are we gonna do this?
But we're not doing that.
And ultimately it's causingchaos.
And that chaos is good formaking money for some people.
But for the everyday people likeus, we kind of want to see kind

(05:29):
of a light at the end of thetunnel and working towards
something, whether that's goodor bad, kind of need to see
what's going on.
So that's what we're gonna beseeing through this summer.
Um, maybe here in the nextcouple weeks, maybe.
Next week's episode, I'll have aupdate and be like, Hey, this is
the shit that went down.
Um, but ultimately that's what'shappening when war starts as

(05:51):
well.
Oil prices go up, oil prices goup, it's gonna hit your gas.
So think through that.
Speaking of gas.
Kids, these damn kids sports.
Woo.
No one put that in the, um, themanual of how much kids sports
cost.
Uh, and it's only gonna getworse.

(06:12):
I'm here to tell you.
Because since 2019, not only hasa a sports cost surged about
46%, we're now seeing privateequity firms go some really good
money in there.
And people love sports.
They'll never go away.
Parents will always do what theywant for their kids.
Why don't we kind of jump intothat?

(06:33):
And so now they have plowedover.
You know, a few billion dollarsinto the sport youth sports
arena.
Whether that's in tournaments,whether that's in, you know, the
apps that we're all using andseeing whether that's in the
other technology that's goingaround.
And I am sure behind the scenesthere, there is even more and
more and more and more as we go.

(06:54):
And that's kind of terrifying'cause it's getting more
expensive.
Right?
I mean, a lot of us are ratingour emergency funds, skipping
vacations and using.
The travel tournaments as ourvacation, right?
Our budgets are really, reallythin because we want what is
best for our kids.
And I'm here to tell you thatthat system right now is broken.
I hate it myself, but it'ssomething that we gotta figure

(07:16):
out and I just don't have theanswer to.
Right?
So think through that as we'regoing through that.
Private equity firms don't givea shit about your kids.
They're chasing their returns,so don't let them bleed you dry.
If, and this is coming from meas an athlete.
If your kid loves the sport,regardless of what team they're
on or how the level of whatever,just make sure they're on a team

(07:39):
that pushes them.
They keep their joy, they keepplaying.
'cause at the end of the day,that's what matters and that's
who sticks to it longest.
There's facts and data all overthe place that majority of kids
stop playing sports around theage of 13.
Soccer, it's nine.
Um, your other sports around 10,11, 12 football, you really
don't even start until then.

(07:59):
So it's a little different, but.
Think about that.
That's not a long period oftime.
Specifically when I'm talkingabout a my 11-year-old son.
We only got a couple more yearstill we're reaching that.
So make sure you're just pushingthem and don't let the money
thing be an issue.
There's always teams out there.
And guess what?
Just'cause your 10-year-old,9-year-old, 11 year olds on the
elite team or the ECNL team insoccer or the the highest of the

(08:22):
highest travel ball in baseball.
Doesn't mean they're going to goD one, doesn't mean they're
gonna go pro.
Doesn't even mean gonna meanthey're gonna play in high
school.
Think about that.
So there we have it, about fourforefronts of where your money's
being attacked, whether it'sidle cash rising, borrowing
cost, overpriced sports, notgonna be our gas prices.

(08:42):
The common thread here iseveryone of these exploits us in
a different way, whether it bein status quo, having a bias
anchoring, fear of missing out,fomo.
But once you see that trap, youcan understand and get out of
that situation.
So let's automate our savings.
Let's lock in our rates.
Let's draw our lines really hardabout our spending and, and draw

(09:04):
it to what we want to do for,um, our joy.
Understand that groceries andgas are going to go higher,
especially in the vacationseason, and make sure that,
guess what you hit, subscribeyou like.
Let's do the comments.
And the end of the day, all weare here to do.
Let's be real.
So let's get real folks.