The Trust Is You w/ Sally Gimon, A Secret Of Generational Wealth
In this episode of the Who God Says podcast, host Tyshaundra interviews real estate investor and insurance agent Sally Gimon. They discuss various topics including tax savings, real estate investing, and the benefits of a trust. Sally shares her personal experiences and provides valuable insights for listeners. In this conversation, Sally Gimon and Ty-Shaun-Dra discuss dyslexia, the benefits of trusts, and strategies for minimizing taxes. They also touch on the Circle of Wealth program and the importance of sharing knowledge.
Takeaways
- Real estate investing can be a lucrative way to build wealth and generate passive income.
- Understanding the tax code and utilizing strategies like seller financing and business trusts can help save money on taxes.
- Being bankable and having a strong credit history is important when applying for loans or mortgages.
- Seeking professional advice and staying informed about tax laws and regulations is crucial for maximizing savings.
- Trusts, such as the Business Trust and the Beneficial Trust, can provide significant tax savings for business owners and investors.
- The Circle of Wealth program offers a step-by-step approach to financial success, including strategies for debt reduction, real estate investment, and tax optimization.
- Sharing knowledge and empowering others with financial education can have a transformative impact on individuals and communities.
- Embracing one's strengths and relying on faith can lead to personal growth and success.
Connect with Sally Gimon
Visit www.thetrustisyou.com and www.learnwithsallymarie.com
Fb @SallyGimon
Ig @SallyGimon
Tiktok @Sally.gimon
YouTube @Sallygimon
Emerald Services: Tax Prep, Bookkeeping, Tax Planning - Emeraldserve.com
Fit4U - Mentalsice App: fit4youwellnesscenter.com
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Be Blessed AND Be A Blessing
Sally Gimon
Real Estate Investor/ Insurance Agent/ Entreprenuer
Sally was motivated to become a real estate investor when her mom became sick in October 2018. Sally was 53 and needed to make a change in her life quickly. She has been an insurance agent for 20 years and has used her experience to make positive changes. Now she shares her information weekly in her real estate group and Win, Win Women TV.
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. This led her to find the Business and Beneficial Spendthrift Trusts.
Currently, Capital Gains are 23.8% on any profit.
There is passed legislation to raise this to 40% for some tax levels. The IRS is hiring 87,000 new agents. The Spendthrift Trust defers Capital Gains, Interest Income, Dividend Income, Rental Income and Royalties year after year legally!
The Trust keeps people judgment proof, and their information private.
https://thetrustisyou.com/
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