Save Thousands in Taxes with a Spendthrift Trust—with Sally Gimon- EP41
What if you could save thousands of dollars in income taxes?
Sally Gimon got into real estate investing in 2019 and wholesaled 7 properties. But when she did her taxes, she owed a whopping $79,000 in capital gains.
Sally got on a payment plan with the IRS. And then she started researching legal ways to reduce her tax burden.
Sally is the creator of The Trust Is You, a platform that helps business owners, 1099 income earners, and investors save thousands of dollars on federal income taxes legally.
On this episode of Leading Visionaries, Sally joins Anjel to explain how the ultra-wealthy use spendthrift trusts to save on taxes—and you can too!
Sally shares her process of learning about the spendthrift trust and turning that into a business, describing how a coach supported her in making the transition to full-time entrepreneurship.
Listen in for case studies of clients Sally has helped save thousands on taxes and learn how to leverage the spendthrift trust to significantly reduce the tax burden on your business.
What You Will Learn
The $184K in debt that inspired Sally’s interest in real estate investing
How Sally’s frustration with capital gains taxes led her to learning about the spendthrift trust
Sally’s early entrepreneurial experience selling lemonade to the Pittsburgh Steelers
How wholesaling properties gave Sally the freedom to quit her job
Why Sally suggests hiring a coach to help you transition from a 9-to-5 to entrepreneurship
How Sally helps business owners and 1099 income earners save thousands of dollars in taxes
How Sally learned about the spendthrift trust and turned that into a business
How Sally saved six figures in federal taxes using a spendthrift trust
The success story of a dentist Sally helped save enough in taxes for his wife to quit her job
How the average person can leverage strategies used by the rich to save on taxes
Connect with Sally Gimon
Connect with Anjel B. Hartwell
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Resources
What Would the Rockefellers Do? by Garrett B. Gunderson
The Power of Your Subconscious Mind by Joseph Murphy
Be Heard by Millions and Live Your Destiny: A Creative Age Leader’s Guide to Speak, Sell, Serve & Succeed by Anjel B. Hartwell