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Do you ever wonder how the wealthy keep on accruing wealth while paying less in taxes? The secret might be in the use of trusts. Discover the ins and outs of this strategy with our insightful guest, Sally Gimon, owner of the Trust Is You. Sally shares her personal journey, transforming a $20,000 investment while also saving $10,550 in taxes along the way. She also talks about how a trust is not only for the affluent but can be a tool for anyone to significantly save on taxes.

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Get ready to be inspired, educated, and motivated as we explore the expansive world of trusts and income-saving strategies. So buckle up, and let\'s start this exciting journey together!

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Who is Sally?
Sally was motivated to become a real estate investor when her mom became sick in October 2018.\\xa0 Sally was 53 and needed to make a change in her life quickly.\\xa0 She has been an insurance agent for 20 years and has used her experience to make positive changes.\\xa0 Now she shares her information weekly in her real estate group and Win, Win Women TV.

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In July 2020, she bought a Bank Owned Property for $20,000 that would go to auction for $50,000 when Covid restrictions lifted. She knew her Capital Gains would be $7,140 and researched how the rich paid so little in taxes.\\xa0 This led her to find the Business and Spendthrift Trusts.

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Currently, Capital Gains are 23.8% on any profit. There is passed legislation to raise this to 40% for some tax levels.\\xa0 The IRS is hiring 87,000 new agents. The Spendthrift Trust defers Capital Gains into infinity and beyond and keeps people\'s judgment proof, and their information private.

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Connect with Sally:

Facebook: https://www.facebook.com/SallyGimon/

Website: https://thetrustisyou.com/?rf=53lUeDqljiQxC693uYCO

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I love connecting with Work at Home RockStars! Reach out on LinkedIn, Instagram, or via email

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Website \\U0001f4bb https://workathomerockstar.com

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WHR Facebook Page \\U0001f4cc

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https://www.facebook.com/workathomerockstar

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Feel free to DM us on any of our social platforms:

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Instagram \\U0001f4f7 https://www.instagram.com/workathomerockstar

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Email \\U0001f4ac tim@workathomerockstar.com

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LinkedIn \\u270d https://www.linkedin.com/in/timmelanson/

In This Episode:

[0:54] The good note: Story of business success

[3:18] Saving money with trusts

[5:30] The roadblocks

[9:45] TikTok success and tax savings

[15:51] Diving deeper into cash flow

[17:35] On getting good with what Sally does

[19:49] Getting over the fear of not being awesome

[23:27] Navigating taxes and side hustles

[32:38] Outro

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