The Power of Trusts and Innovative Tax Saving Strategies with Sally Gimon

Tim Melanson: [00:00:00] hello and welcome to today’s episode of the Work at Home Rockstar podcast.

I’m excited for this episode. This is very, very unique and, uh, I love saving money. So this is a cool one. Uh, we’re talking to the owner of the trust is you. What she does is she helps people save 70% on federal taxes, and this is for the United States people only. So for 10 99 income earners, you can stop paying capital gains, interest income, dividend income, rental income, and royalties.

She’s gonna let you in on the secrets of the rich. So it’s pretty cool. Rock rocking up today with Sally Gimm. Hey Sally, you ready to rock? I’m ready to rock. Tim, thank you for having me. Beautiful. So we always start off here in a good note. So tell me a story of success in your business that we can be inspired by.

Sally Gimon: For me personally, I started real estate investing back in 2018, uh, July of 2020. I took down a contract for, uh, for what’s called a bank owned reverse mortgage. The woman had passed away. The bank can’t own the property. I paid $20,000 [00:01:00] for it. It was gonna go to auction for $50,000 without even lifting a hammer or doing anything, I would make $30,000.

Woo-hoo. Yay, Sally. Middle of Covid. I had to wait 13 months. Um, during that time in my National real estate group, uh, one of our instructors, Garrett Gunderson, wrote a book called, what the Rockefellers Do I have a copy of it. Um, it’s the Rockefellers have, they call it the Office. They have the RIF trust.

My background is competitive intelligence. I researched it. I found the private law firm. I am now. I became a client and then I became licensed to sell this. So I did two simple bill of sales. I Googled it, one bill of sale from my L L C to my name. Second bill of sale. From my name to the L L C I went to the bank, got it notarized.

I’m in Phoenix. Send it to their attorney in Raleigh, North Carolina. The next day he asks for the first page of the trust. And on August 28th, 2021, when my property finally went [00:02:00] to auction, uh, I had to wait. Instead of 50,000, it went up to over $64,000. I made $44,000 of pure profit. More importantly, ’cause it was in the trust, I was at 24% tax rate.

I saved $10,550 on my 2021, uh, tax return. I put more stuff into my, in the trust and I’ve saved so much money. I teach, I, I, I had mastermind, my real estate group, and then I started my own company. That’s, I, I think everybody should know about this. I know you’re in Canada, it comes from England, so hopefully there’s something in Canada for yourself.

Tim Melanson: Yeah, I’ve been hearing a lot about this over the last, uh, probably six months. Really? And it, I mean, it’s gotta be here too. I mean, there’s, there’s. All the rich people do the same thing. We already know that. Uh, but exactly. And I know what a trust is, right? It’s just that I think that the, the, the thought is that this is something that you need to be [00:03:00] rich in order to get in the first place.

And it, it’s turning out that you don’t have to be rich to get in the first place, do you?

Sally Gimon: Exactly. I, I’m gonna be honest, that first real estate deal, I was in the negative, you know, I, it, I had to pay for the trust. You know, I, I outta my pocket and, you know, I saved $10,550. Just to give you an idea. In 2022 when I wholesaled six houses, it paid for the trust four times over.

Um, I just did a crazy real estate deal here in North Carolina. Uh, a friend put down the down, uh, put down the down payment. It was, uh, a foreclosure that started way back in March of 2020, and then they had to finish it up. We made $1.8 million and split in half. That all went through the trust. So the trust has paid for itself over and over again, like started negative.

I, I, you know, I had to put money out to get the trust, if that makes sense. Yeah, yeah,

Tim Melanson: yeah, of course. Well, it would cost something like, I mean, even to incorporate it cost money, right? You have to pay somebody. It is just a [00:04:00] lawyer that you pay. Like who, who is it that you pay to to get this

Sally Gimon: trust? Correct.

It is a private law firm. Yeah. Um, they have the patent on, it’s called the Benson Financial Trust. Paul Benson was a Harvard, a law professor. Uh, it’s over 70 years old. Mm-hmm. Uh, it, the law firm went to his partner and his son’s, and now it’s a grandson. The law firm I work on behalf of has a trust that is turning 350 years old in 2023.

This comes from England when we were still a colony back when King Henry VIII started the Church of England because he got in trouble, uh, chopping off his wive’s heads. He went to go tax the Lords and Ladies of England and the Lords and ladies went back to the Magna Carter. So it’s contract law, and again, the Rockefellers, US presidents, they know this.

I’ve got, uh, articles from Forbes to give to people, you know, Forbes Magazine, and it says, oh, you must be making at least $2 million. The average person in my real estate group, uh, who’s joining nationally is 56 years old, [00:05:00] trying to make an ex, you know, in nine years make extra money for retirement. And I wanna keep it as inexpensive as possible to help them save money.

So if you fix and flip two houses in a year, the trust is paid for easily.

Tim Melanson: That’s awesome. Alright, so now I’m interested to hear this next part ’cause we, with the good note comes some bad notes, some things that don’t work out as as planned. So I’m interested, you know, what kinds of roadblocks have you run up against and what kinds of mistakes have you made so far?

Sally Gimon: Uh, I, I was in a real estate group in Phoenix. I was the first woman to teach a mastermind every Thursday night for 18 months, six o’clock, you know, teaching them about the trust. Um, the gentleman who ran the group, I’m not gonna use the name, he got a cut when I sold a trust. We sold 14 trusts in, in that real estate group.

He and I got into a real estate deal on our own. I, I was traveling after Christmas and on January 12th I sent him a simple text going, Hey, I just checked my bank account. What happened to our [00:06:00] agreement? That’s all the text said. Next day we get on Schedule Zoom and. I don’t know if it’s Dr. Jekyll or Mr.

Hyde. I mean, the, the guy showed up as a whole different person. He’s like, you’re calling me a liar. You’re calling me a thief. And I’m like, I, I only asked, I was supposed to be paid $5,000 more for this real estate deal. What, what happened to our contract? That’s all I asked. Well, he goes, I can’t trust you.

I’m gonna put, I’m gonna put your, uh, mastermind on hold for six, uh, for six weeks. I’m like, I’m not a human, yo-yo. He goes, then you’re done. You’re out of the real estate group. I don’t want you here anymore. I’m like, I, I didn’t expect it. I mean, you know, it was like this brick wall came down. Thank God, I, um, do you, do you know who, uh, Bob Proctor was?

Yeah, yeah. I was a student of Bob Proctor’s, uh, thinking into results, my coach there, Susan Ma, you know, I, I, I, I contact her and she’s like, I’ll have a meeting with you tomorrow, 7:00 AM She gave me three things to do. She said, I have to move, I have to find a new real estate group and I have to start my own company.[00:07:00]

That’s January 13th, 2020, and it was hard. I mean, depression, everything else. I started the trust is you in March. I moved to North Carolina to live with family. I’ve done more real estate in 2022 than the previous three years, all put together. And now I have a national contract with a business broker because when, uh, businesses sold in the United States, most people don’t know this, you’re going to pay the federal government.

Either 15% or 20% on the profit a year, almost a year later. You know, like if it sold in 2023, you’re gonna pay it April 15th, 2024. Okay.

Tim Melanson: Wow. And, and January, 2020. Yeah, Jan, January, 2020 was right before all this craziness happened too, so, wow. Exactly. Good.

Sally Gimon: If you talk to me back in February of 2022, [00:08:00] I, I, I, I, you shell shock cry myself to sleep, to I wake up and I have a beautiful life. I mean, the, the, it, it I, where I am now, I, the last words, Zach, I’ll, I’ll give you the first name. The last words Zach said to me on that, it’s like, you’ll be nothing without me.

I’m like, who are you to say that to me? So I, I, I’m very happy where I

Tim Melanson: am right now. Yeah. It is interesting that all these, you know, these things happen for a reason, right? You, you are probably more than nothing, you know now, right?

Sally Gimon: It, it, you know, it, it was interesting because he was my friend, he was my mentor, he was my business partner.

After it happened to me, six different people from the Phoenix office reached out to me with horror stories worse than my own. I’m like, why are you still liking this guy? I, I think he’s a narciss. I don’t know if it’s true or not, but how, how he reacted. I’m like, why do you let this guy. Ruin your life.

You know, one of the, one of the gentlemen who reached out to me, he’s got [00:09:00] ulcers because of a fight he had with Zach. Like, I’m done with him. You know, he, he was making money off of what I was doing. He cut his nose off, you know, in spite of his face. I mean, I, I don’t know if I can curse on here, but he was a dumb ass.

That’s all I could say, you know? Yeah. He was making money and he, he, he lost his cash cow. Well,

Tim Melanson: well, hopefully he learns his lesson eventually, but he probably won’t.

Sally Gimon: Correct. So now he he does, he does have the trust. So that’s a good thing.

Tim Melanson: Yes, exactly. So now let’s talk a little bit about gathering fans.

So, I mean, you, hey, I mean, you’ve, you’ve, you’ve had to start all over again. So how do you get people to come to you?

Sally Gimon: Um, one of the things I do, uh, don’t laugh at me. I’m on TikTok. Uh, when I first joined, I, I didn’t know you had to slide up. I’m like, I didn’t even have TikTok on my cell phone, so I’m coming up to my anniversary.

July 31st, 2000, uh, 20, uh, 22 was my first day on TikTok and God help me. Those videos are [00:10:00] pathetically ugly, are bad, but I do six different videos. You know, there’s the, uh, business trust for 10 99 income earners, and then the beneficial trust. I do one video for capital gains. One video for interest income, one video for dividend income, one in, uh, video for rental income, and one video for, uh, royalties, you know, different hashtags for whichever video I’m doing.

And from there I repost it to Instagram. I. To YouTube, to, uh, Twitter, to Facebook, and to LinkedIn, and I get more clients. My second week, my second week on TikTok, I, I do a live every Monday night, q and a, you know, going over, uh, the trust. My second week on TikTok, a gentleman came onto the, uh, q and a. He used his TikTok handle.

His initials were MK and a bunch of numbers. Afterwards, he’s like, Hey, put, put the, uh, the contract into, into the, uh, chat notes. I’m like, okay. You know, didn’t know who it was. The law firm called, that was Monday night. The law firm called me on, uh, Thursday morning, like, is [00:11:00] Michael so-and-so your client?

I’m like, I don’t know. I don’t know his name, you know, so he sold two warehouses on Long Beach Port and saved over $6 million in capital gains. And he’s, he sent me more clients who’re now friends. I now know his name, but at the time, I mean, two weeks on TikTok. And that that happened. I mean, I, I, I go live on TikTok.

I go live, um, on Facebook and on LinkedIn and just, uh, talk about things. Um, I, I don’t bring anybody on live. ’cause one time on TikTok, I brought somebody on live and they were completely naked. I’m like, oh my God, you’ll handle that. So you’ll, I, I, that’s why I have my life every Monday night, um, if people, you know, to answer questions for people.

Tim Melanson: That’s amazing. That’s amazing. And you know what, I, I had a, a, a guest, uh, a friend here actually over the weekend who does TikTok Labs as well. I just, I, I thought TikTok was for kids, and it’s turning out that it’s not, it’s, there’s a lot of people that are [00:12:00] TikTok. It’s amazing.

Sally Gimon: Yeah, exactly. Um, I have help, you know, I, I’m in a mastermind.

I have helped a travel agent. Get the, the key for TikTok, you have to get a thousand followers. So what I did was I went out to Google, I Googled top 10 real estate investors on TikTok, top 10 crypto investors on TikTok, top 10, uh, dividend investors on crypto, uh, on TikTok. So every 90 minutes, my number one, uh, a real estate investor, I go to the site, I follow that person, and then I go into his or her followers and hit 30 people and stop.

I. 90 minutes later, I go to number two, do the same thing 90 minutes later, and you’ll keep, keep doing this. When you hit a thousand followers on your own TikTok page, you can put your link in there so the trust is you is a live link. Someone can click on it and then you can start going live. I do a live 1230 on Mondays at East Coast Time and a live at 5:00 PM [00:13:00] East Coast time on Friday.

On Monday, I had 480 people on there. I got 16 new followers and four appointments. And last Friday I had 320 people. I got more followers and uh, three, three appointments from that TikTok, I get more clients from TikTok than all the other social medias put together. I

Tim Melanson: think I’m gonna have to activate some.

Sally Gimon: Correct. So, you know, you just figure out what your avatar is. So one, one of, one of the clients I worked with, she had these beautiful videos. Her, her, she’s um, um, um, What do you call it? A travel agent for cruises? Mm-hmm. Mm-hmm. So we, so we started her changing her hashtags, Hey, cubicle life, I need a vacation.

Things like this. So she got, she got on live the first time on Monday, she stand up and she goes from the Port of Los Angeles. I have, I’m making this up. I have a cruise from, uh, Los Angeles to cobble for five days. Everything included $500 per cabin. If you’re leaving from Miami, you’ll things like [00:14:00] this.

Yeah. In one week she sold nine cruises. The month before she only sold three. Wow. Another friend who does Mary Kay, uh, she’s, she’s up in Spokane. So she can do Canada and the United States. Yeah. She got to a thousand and she goes, this lipstick comes in 15 different colors and it’s only 7 99 and she’s got more clients in Canada now than she does in Washington State.

It, TikTok is an amazing place to be.

Tim Melanson: Okay. Okay. I’m gonna have to check that out.

Sally Gimon: Hi, my name is Nik M I’m from Mastering Ascension and I’ve been working with Tim Malson and the Creative Crew Agency for a number of years now. Tim is my go-to guy for all things technology, and his team have helped me to really.

Create the platform that I need that represents my brand, my message, and connects me directly to my ideal clients. What I particularly love about Tim is before he starts to dive into the technology, he always makes sure that he understands what your global view is, what your ultimate [00:15:00] goals are, so then that way you’re not wasting a lot of time back and forth.

Switching around technology or platforms, he creates something from the get go that is scalable, which is highly, highly, um, beneficial for any business. What I’ve experienced from Tim and his team is they’re highly responsive. They are a wealth of information, and they’re gonna offer you the tools that you need to really make the mark that you wanna make in the world.

So, That’s my recommendation for Tim. He’s awesome. You’re gonna love every minute. You won’t regret it.

Tim Melanson: So now what about keeping the hat full? So let’s talk about how to, yeah, how, how, how, how to work

Sally Gimon: with your cash flow cashflow. I, I help people learn to, uh, keep the cash flow. Two story. Um, I, I’m here in the Charlotte area, half of Long Island has moved down here.

New New York style pizza is skinny and there’s a white pizza. It’s excellent. So I met a friend at that’s our favorite pizza place. We, we were sitting there talking. [00:16:00] The owner, uh, he’s Italian. His name’s Roberto. He heard me talking. He goes, can I, can I ask you something? I pay a lot in taxes. So he and I got, got an a, a conversation with his wife.

You know, uh, later we, we got him into the trust. He’s saving quite a bit of money and his plan with saving this money. Is in year three. He’s gonna, he’s got two locations of pizzeria’s now in Charlotte area, year three. So 2000, uh, 2022, 2020 20 2024. He’s gonna open a third place and, uh, 2025 of, uh, fourth place.

He’s got two sons who help him in the pizzeria. He’s then gonna retire. He’s gonna leave both the pizzerias, two to one son, two to another. And he’s just like, You’re saving me thousands of dollars a year. He’s brought me more clients. He knows people all over their, all over, uh, Charlotte, who run their own co uh, restaurants and he’s just like, we need to save this money.

’cause pe like you said, people don’t know it. This is a well-kept [00:17:00] secret of the very rich Sure is. And my, my job is to get it out to the people who, who need it.

Tim Melanson: Love it. What a great way to keep your cash flow positive by not paying as much money out. Right.

Sally Gimon: Exactly. So keep doing what you’re doing, but save the taxes.

That, that’s the most important part. That’s

Tim Melanson: awesome. So now what about, uh, what about practicing? Like how did you, how do you get

Sally Gimon: good at what you do? Great question. I have doing, I’ve been doing a live every single Monday night going over my slide deck, uh, for more than a year now. And I just, you know, I tweak things, I add things, um, It’s up to me to get the right message out to the people who come to my meeting.

And the more I practice, the better stories I have, I now do a newsletter by a bimonthly newsletter saying, here’s a client that I helped save money for. Uh, I was telling you before, before we start recording, um, a business broker brought me the steal. A gentleman in Georgia, he had HVAC [00:18:00] company. He’s got recit of the knee, so he’s, he’s getting on social security early.

He sold his company for $1.7 million. He started it, his, uh, kitchen. He now has 12 trucks, you know, 12 HVAC engineers going around Georgia. You need your air conditioning year round. That, you know, that, that, that’s, that’s like because he got the trust. I’m not a C p A, but at, uh, 15% capital gains. He’s gonna save $255,000 due April 15th, 2024, or at 20%.

He’s gonna save $340,000 in capital gains due April 15th, 2024. His wife, you know, she, she was in on the conversation, she’s. That’s six figures that changes their retirement completely. He’s, he’s 62, she’s 58. You know, they, the, the, they can live off of this for the next 20, 30 years. I mean, they, they need this money.

And the business broker, I have a JV agreement, he, he got paid for [00:19:00] that. And then the gentleman who bought the HVAC company started a business trust. So the business broker got paid twice, uh, uh, on the same deal. So he made a second stream stream of income.

Tim Melanson: Well, okay, so let, let’s go back to your TikTok videos again.

’cause, I mean, this is something, I mean, you go through your slide deck every day for, you know, so much time. Of course you’re gonna get really good at what you do. Right? But let’s go back to the beginning. ’cause you know, everybody’s gotta start somewhere. And when you first start, you probably weren’t awesome.

Were you? Or

Sally Gimon: I was horrible. Oh, I won’t even tell you how bad I was. So how do you

Tim Melanson: get over that fear of, of, of just like not being awesome and, and starting anyway.

Sally Gimon: I would say anyone, you, you’re your Led Zeppelin. I would say they were horrible at their first concert too. I, you know, I, you know, the more you practice a song, the more you practice the notes, the better you get.

I still am, I still stumble over things. True story. I was born with a tongue tie and um, I didn’t get an operation until I was three and a half [00:20:00] years old and had to relearn English. I know I screw up continuously. Who cares? I’m not, I’m not trying to be Kim Kardashian. I’m not trying to be, you know, someone famous.

I’m just trying to help regular people save, save tax, the federal taxes legally, you know, it, it in the United States, there, there’s a, a safety net for poor people. The rich people know this and it’s a middle class are getting taxed so heavily. Yeah. It’s, it’s just not fair. We, we, you know, I, I wanna, I wanna level the playing field for as many people as possible.

Tim Melanson: Yeah. And I think, so your point about Led Zeppelin, like I, I think that the, the, the, the thought I think people have is that, well, if I go out there and I screw up this concert, you know, this, this TikTok, everyone’s gonna know. I mean, nobody ever sees any videos of led Zeppelin’s first practice.

Sally Gimon: Exactly.

Tim Melanson: It’s just, it’s just, it’s not there because it [00:21:00] was, it wasn’t noteworthy. N neither will your first TikTok. Right. However, over time you’ll get better at what you do and then by the time your network, like that’s what they say, right? Something they, they talk about the iceberg and the success. You know, only people only see the success because you spent all that time getting to that point.

So you just gotta start. And don’t worry, nobody’s gonna see those first few videos.

Sally Gimon: One of my videos, one of my most popular videos, I I, my, my hair’s in my face. I look like a, a grumpy cat. You know, I just, I, I look horrible, and I’m talking about, this is a true story. A dad saw my video. This is last, last year, about this time.

His, uh, twin sons were gonna go to SUNY schools, uh, that state, New York schools. The dad was started investing in crypto and he was gonna take the money out to pay for them to go to, uh, college. He saw my video and he’s like, whoa, I didn’t know about the tax consequences. So he’s now a client. It took him a few months because he had to go to [00:22:00] Coinbase and change his accounts over and things like this.

His two sons had to get student loans. You know, we knew the money was coming. Um, and so when he got things switched over, he opened up the trust, didn’t have to pay for it until he got the, uh, crypto coin. I saved him over $24,000 in taxes. If he had, if he had done. Done what he was planning to do, his tax bill, he’s helping his kids go to school in September.

His tax bill in April would’ve been over $24,000. Yeah, he’s an IT professional. He doesn’t have that kind of money. He’s just like you. He, he, he’s brought me more people. He’s in a crypto club and I’ve spoken in front of his crypto club three times now, and he gets an affiliate. He gets an affiliate for everybody who, uh, signs up for the trust.

So if you see that video on TikTok, I look like. Orfield the cat, if that makes sense. Well,

Tim Melanson: and, and I guess that that’s another part of it too, is either they’re not gonna see it, or if the content is really [00:23:00] that important, then people aren’t getting their care. They’re, they’re going there for the content.

They don’t care if your hair’s in your face. They, they wanna know how they’re gonna save a bunch of money or whatever it is that you do to help people. Right.

Sally Gimon: Exactly. You know, and, and you know, it’s, I, I, I have it pinned. I hate it, but I have it pinned because people need to know this because, you know, dad, dad was just trying to help out his kids and didn’t know the tax consequences.

In my real estate group, my, um, my, my friend Kelly is a retired preacher. He moved to Arizona. True story on Super Bowl Sunday, 2021. It was his fourth time he went to go knock on the door of the house. Um, unfortunately the man had passed away ’cause of. The daughter who lived in Los Angeles, um, Phoenix to Los Angeles.

You go across the desert. So she’s waiting till it got dark to go back to go back to Los Angeles. She knew she was gonna lose the house. It was going to auction March 1st, 2020, uh, 2021. They were able to save, save it from going, going to auction. She got her dad’s, she was [00:24:00] driving a 1994 Honda Accord. She got her dad’s 2020 whatever car he had.

My friend Kelly. Wholesale the deal for $50,000. I, he was in my mastermind three separate times, knew about capital gains. He’s like, no, no, no, no. I got credit cards to bill of the pay. I’ve got other things to do. I’ll have other houses. I’ll do it. At that time, he had to drive Uber six nights a week. In 2022.

’cause he had a bill to the federal government for $990 on his capital gains. He’s like, I’m your poster child. Tell everybody my mistake. Because, you know, he, he was, he’s, he was retired preacher. That’s not his, he wasn’t planning on Ubering six nights a week. And you know, Buckeye’s about 30 miles west of Phoenix.

He kept going to the airport and all the resorts are in Scottsdale, so it’s about a 60 mile round trip for him to get the best rates and things like that. And he’s like, I, I’ll tell as many people as possible about this, Sally. ’cause I, it was my, my fault. I [00:25:00] should have listened to you when, when I, when I wholesale that deal.

Tim Melanson: Yeah. Okay. So time for your guest solo and I mean, we already know what’s exciting in your business. Correct. So maybe tell us a little bit more about how we can find you and, and how, how we get started and all that stuff.

Sally Gimon: Uh, thank you. I appreciate that, Tim, at my website, the trust is you. I have an 18 minute video that you download sends to your email so you can watch it on your own time.

I also re recommend, um, I’ve had this happen to me several times. CPAs tell me this is all false, uh, textbook that people in law school who are gonna become, uh, uh, trust attorneys, I suggest for the c p A surveyed is called Scott and Asher on trusts. Fifth Edition. Um, one of the people who showed up to my Monday night class, his pa, his parents were gonna sell five apartment buildings in the Bronx.

You know, nobody in, nobody in the family want, wants to be real estate investors. Um, they went to the C P A. The C P A said, this is false. [00:26:00] Again, I gave the recommendation. The c p a literally set up a zoom with me a week later. He goes, I read the book. I have a hundred clients who need your need, your help.

He’s getting, he’s getting, you know, a comm, a commission for sending me these clients. He’s also learning how to file these taxes correctly for his clients because he never knew, he didn’t study this in, in, in, in, uh, c p a school or law school. So again, this is one of my recommendations when someone is told, I don’t mean to say CPAs and, uh, financial advisors are telling you incorrect information.

They don’t know the right information.

Tim Melanson: Yeah, and that’s the case in so many industries. You know, actually just about every industry, you know, there, there’s, there’s things that they’re taught and then there’s things that they’re not taught, and the things that they’re not taught are the things that really would benefit us the most.

Really, when it comes down to it, the things that they’re taught are the things that. Uh, well, like you just said, right? I mean, [00:27:00] this is something that the rich people know. They passed this down from generation to generation so that they all know what’s going on now. It just doesn’t get taught to, to the, the average person.

So it doesn’t get into, into us, but I mean, we live in a great age. Information age. Everything’s out there. We can, you know, I, I, it was, it was baffling to me that we were being told to not do your own research. ’cause that just blows my mind. Yes. Like, definitely do your own research. I mean, it’s out there.

We can find that information and you know, if something’s not being taught, then how would we know? Uh, but now it is being taught by people like you. So thank you, Sally. Well,

Sally Gimon: thank you Tim, for having me on here because you know, when you talk about working from home, uh, most, again, I don’t know the, uh, statistics for Canada, but in the United States, 60% of the people have a side hustle.

Yeah, your side hustle is 10 99 income. I can’t help you with the W two, but I, you know, this was a side hustle for me, [00:28:00] and it’s now become my main business, you know, a real estate investor. I still do it once or twice a week, but I, I talk to more people, sell more trust than I do in real estate now.

Tim Melanson: Yeah, I, and you know what, I’ve, so I’ve been self-employed now for, uh, 15 years and, oh, congratulations when I first started.

Thank you. And I used to work for a company, you know, and, and I mean all those, uh, things that we’re told, you know, go get a good job, you know, work, you know, 30 some odd years or 40 years with that company and, you know, everything will be good. Well, that, that’s just, that’s been gone for a long time and I, I know that, you know, there’s a lot of people that are scared to work for themselves for various reasons.

I mean, the whole point of this podcast is to show you there’s so many ways you can make income for yourself. The benefits, I mean, without this trust that you’re talking about right now, the benefits to me through the last 15 years in terms of just write-offs against my taxes has been baffling, like baffling for a home [00:29:00] office.

Right? And you know, here you have, uh, people that are, you know, maybe getting a job because they want a benefits package, which just disappears as soon as you leave that company and, you know, All these things that, that are benefits of working for a company. There’s an equal ben or greater benefit for working for yourself.

And this trust thing that you’re talking about right now is a massive game changer. ’cause that just blows the doors open on everything else. Right. So, exactly. Yeah. So I think that I, I mean, thank you so much for, for sharing this information. ’cause I think that this is gonna, Help a lot of people to like make that leap and start work for themselves.

’cause I mean, we, we can get so much further work for themselves. We, we can. We can have more control over our time. We can have more control over our income. We’re not dependent on this company to pay us. You, you

Sally Gimon: can have the days off you want. You can go where you want, when you want. I mean, you, you, you [00:30:00] asked me a question about my videos and I said, you know, I, I do ’em every day.

Just, you know, but when I travel, I, you know, I purposely do them early and things like that. There, when you work for yourself, you have so much more options. You know, one, one of my clients, two clients, For three years, he kept going to a C P A. He’s telling his client, he’s selling the c P a, I’m paying too much in interest income.

Mm-hmm. Three years in a row. His C p A said to him, you’re buying too many houses. He’s doing a, a, a bur, uh, birth strategy where it’s buy, rehab, resell. Yep. His friend tells me about the trust. He’s got 85 houses he’s worth easily, let’s say $8 million. All of everything else. We got him into the trust. We’re saving him $135,000 a year in interest income.

I met him at a party. I was down in, uh, in, um, uh, Disney, uh, Orlando. He, he and his family were there. His wife comes. This woman, this woman I’ve never met before, comes over and gives me a [00:31:00] huge hug. She’s like, Sally, you’re a lifesaver. I’m like, and you are who you know. So he says, I’m, he goes, oh, I took a week off to bring my kids to Disney World.

I’m like, Why are you still working? And he goes, I need health insurance. Like I can get, I know four different health insurance advisors I can give you in my phone right now. You know, he’s worth so much. And he’s afraid, like you just said, he’s afraid to quit his IT job because the safety net of having health insurance, I’m like, there’s other options out there.

Buy your own health insurance.

Tim Melanson: It’s exactly, sometimes actually it can be less. But I mean, at the very least, you have control over it. And if you change jobs and all that stuff, you don’t have to worry about having to reapply and then all that business. ’cause you know, there, there, there’s, there’s so many benefits to having your own health insurance.

Right? Love it. Correct. Thank you so much for rocking out with me. How do we find out about you again? One more time. What’s the website?

Sally Gimon: The website, www the trust is you.com. [00:32:00] Then for Monday night, 8:00 PM East Coast Time, www the trust is you.com/qna Queen November alpha.

Tim Melanson: Awesome. Thank you so much for rocking out with me today.

This has been a lot of fun. Thank

Sally Gimon: you, Tim. Have a great time. Yeah.

Tim Melanson: To the listeners, make sure you subscribe, rate, and comment. We’ll see you next time on the Work at Home Rockstar podcast.

Sally Gimon: Thanks for listening. To learn how you can become a work at home rockstar or become a better one, head on over to work@homerockstar.com today.