Sally Gimon on How I Became Debt Free in 3 Years

In this episode of the Find Your Leadership Confidence Podcast, hosted by Vicki Noethling, the theme revolves around “How I Became Debt Free in 3 Years.” The guest, Sally Gimon, shares an inspiring journey of personal and financial transformation. Motivated by her mother’s illness in October 2018, Sally, at the age of 53, decided to make a significant change in her life. Having worked as an insurance agent for two decades, she leveraged her experience to embark on a path to financial freedom.

Sally discusses her transition into real estate investing and how she seized opportunities, such as purchasing a bank-owned property for $20,000 that would later be auctioned for $50,000 after Covid restrictions eased. She delves into her research on minimizing capital gains taxes and highlights the Business and Beneficial Spendthrift Trusts as a legitimate means to defer various types of income legally.

During the interview, Sally addresses several insightful questions, such as how she started her entrepreneurial journey, the challenges she encountered, the inspiration behind her book, and the target audience for her work. Listeners can expect to gain valuable insights into financial strategies and the unique features of her approach. Ultimately, this episode offers a compelling narrative of personal growth and financial success, demonstrating how one can overcome adversity and achieve debt-free living.

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Connect With Our Guest

Website: https://thetrustisyou.com/

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

LinkedIn: https://www.linkedin.com/in/sally-gimon-46142928a/

Instagram: https://www.instagram.com/sallygimon/

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% of 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.