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Your Brand Amplified

Achieving a Debt-Free Life through Real Estate Investing and Spendthrift Trusts with Sally Gimon

Your Brand Amplified

Bleav + Anika Jackson

Social Media, Public Relations, Artificial Intelligence, Sales Strategy, Entrepreneur, Marketing, Management, Branding, Entrepreneurship, Communications, Ai, Sales, Podcast, Business, Marketing Trends, Women-owned, Small Business, Business Trends

5.0132 Ratings

🗓️ 17 August 2023

⏱️ 32 minutes

🧾️ Download transcript

Summary

Have you ever found yourself drowning in financial challenges and wondering how to bounce back? Sally Gimon joins us to share her compelling story of overcoming massive debts, from medical bills to a car accident without gap insurance. But how did she go from living paycheck to paycheck to becoming debt-free in just three years? The answer might surprise you.Discover the incredible power of trusts through Sally's journey in real estate investing and her transition to financial freedom with Spednthrift Trusts. She explains how a special type of trust can save federal taxes, keep your information private, and protect you from legal hassles. And it's not just for real estate investors - learn how passive investors, crypto enthusiasts, and 1099 income earners can all benefit from this financial tool.As we dive deeper into the world of trusts, Sally shares insights about the 1031 exchange, a popular tax-saving strategy in real estate investing. We also discuss the differences between LLCs, S corps, and C corps, and how to make the most of your money regardless of your investment field. Whether you're struggling with debt or already on the path to financial success, don't miss this eye-opening conversation that could change the way you handle your finances forever.https://thetrustisyou.com/We're happy you're here! Like the pod? Visit our website! Check out our sponsor PitchDB! Start your trial on Simplified!

Transcript

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0:00.0

Welcome to your brand amplified, the podcast where we interview marketers, publicists, and

0:06.5

brands to learn their stories, what makes them tick, and tips and tricks that make a

0:11.5

difference. I'm so thrilled to welcome Sally Gimmons to the show today.

0:16.6

Sally, you're going to be talking about something we haven't even covered

0:20.0

in almost 200 episodes of this podcast.

0:22.6

So thank you, thank you, for sharing your expertise with us today.

0:27.4

I appreciate, I'm appreciate you of 200 episodes.

0:29.5

I'm only up to 24 and I think I've been putting a lot into it. Yeah, well, good good job.

0:35.4

Thank you.

0:36.0

Just a little bit of a history about me.

0:37.5

Back in 2018, my oldest nephew was getting married in Charlotte.

0:41.2

My parents drove from Goodyear, Arizona, just 20 miles west of Phoenix.

0:45.0

Along the way, my mom got sick with septic with good blood. She was on a ventilator for 13 months in a hospital for 15 months. She got better better but I was living in Phoenix dealing with

0:54.3

their mail three times a week December I can remember exactly what I was wearing in

0:57.8

December a Medicare statement was 27 pages thick oh my gosh opened it up and it send big bold black letters, $172,000 for one month in the hospital.

1:08.0

My dad was retired military, they had tried care for life, so my mom got the best care. But I'm standing there going, oh no.

1:14.3

I'm living paycheck to paycheck, a brand new car that I was driving.

1:17.5

I went through on a green light, someone ran a red light, t-boned me.

1:20.2

Didn't have gap insurance.

1:21.6

I want to tell all your people get gap insurance because all of a sudden I had two car payments, student loans, I had changed something.

1:27.5

Right then and there, in my parents kitchen, I called my friend Glenn, who was a real estate investor. He's he's like hey we're having a party next

1:34.0

Saturday night we're gonna be late we're going to a Christmas pageant but just walk in but walk into a party on your own

...

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