#018 - What Is a Trust? Wealth Building and Financial Strategy with Adam Ausloos

Explicit content warning

12/31/22 • 63 min

In this episode, Mack and Alex welcome Adam Ausloos for a conversation about the advantages of trusts, (legal!) tax deferral, and how the Many can take advantage of the wealth building tools of titans to protect what matters.
2:08 “I help people help others.” Sharing strategies to build wealth with everyday people
3:46 Debunking the myth: Do you have to be rich to build wealth or create a trust
8:14 “This has got to be illegal”: Legal tax evasion vs. tax avoidance
12:47 Does the government intentionally hide or obscure knowledge about the tax code?
16:04 “Let’s talk numbers...”: Tax savings and different kinds of trusts
22:14 The 8 benefits of a deferred sales trust
27:46 Mack and Alex focus on the benefits for crypto
30:48 How estate taxes work with/without a trust
35:30 “Rising Up” - tools to focus on the greater good
38:34 Life insurance reconsidered
46:31 What’s most important? Making a plan that works for your situation
49:29 It’s not too good to be true: Case study examples for asset protection (real estate, passive income, crypto, taxes)
59:53 “This is the spirit of web3” - takeaways and how to get in touch with Adam

defernow.com
[email protected]
(414)269-2600
RISE UP!✊🔥
__
SUBSCRIBE: https://www.youtube.com/c/FacelessLabs
👉 Guest or sponsor: [email protected]
FOLLOW OUR HOSTS:
👋 Mack Lorden: https://macklorden.info
🚁 Alex Popovic: https://alexpopovic.info
☮️ Evan Mann: https://linktr.ee/conversationswithevan
🧱 Michael Shoup: @michaelshoup
🕵️ Mihir Kothapally: @mehere114
🧑‍🏫 Joe Devine: @highimpacttrdg
—
🧬ABOUT FACELESS LABS 🧬
Faceless Labs is a top web3 consulting agency and community incubator empowering crypto enthusiasts at all levels of experience with education and opportunities. We believe all people are the Many, and that the Many will Rise Up together.
👉Website: https://www.facelesslabs.io
👉 Discord: https://discord.com/invite/themany
👉 Twitter: https://twitter.com/faceless_labs
🤝CONSULTING 🤝
Looking to learn about or launch an NFT series? A metaverse experience? Reach out! We can help plan and execute storytelling, utility, design, culture, community management, sales, marketing, and blockchain for you.
—
✊🔥ABOUT THE FACELESS MANY🔥✊
8064 epic characters who represent the hero in all of us. Holding a Faceless Many NFT earns you $REVP (revPoints), which can be used in our marketplace to purchase virtually anything. TFM, the Faceless Allies, and the AI generated Villains of our Story, the Corrupted, are your ticket to the Financial Revolution. Get yours and Rise Up today!
✅ https://beacons.ai/thefacelessmany

Disclaimer:
Faceless Labs is not licensed to give financial or legal advice. Nothing on this channel should be construed as financial or legal advice. These videos are for educational and entertainment purposes only.

Previous Episode

#017 Driving with Drifters and Bringing Web3 to the Automotive Community with Taro Koki - CEO of KurumaNFT

Cars and crypto collide! Taro Koki, Founder/CEO of KurumaNFT, joins Alex and Evan for a case study on “The Future of Car Culture” and how to bring the benefits of web3 to any community. From “Can you drift this?” to $CAR by SHL0MS, to Lamborghini and cultivating the next generation of fans, this is a master class on business strategy and a hell of a lot of fun.
**All of us had dogs who wanted to join the conversation. And it’s true that our bark is worse than our bite, but we’ve cut the noise wherever possible and appreciate your understanding (and hope you’ll say hi to your dogs from us!)

01:26 An NFT for the car community (and a case study for actual utility)
3:35 From YouTube to blockchain: Bridging the gap from automotive to web3
8:05 “We always thought of it as a business”: solving problems and sustainable approaches
10:52 From the “Pit Pass” to partnerships with major brands/artists (RACER magazine, Jon Sibal)
16:00 You thought 1/1 NFTs were rare? Check out this car service
17:01 Removing barriers to blockchain: custodial wallets, digital collectibles, free drops, and IRL events
25:59 Is there friction for crypto natives?
28:01 The Comic-Con of the car world: Collabs with Hotrod and Automotive Magazine
31:23 Scaling an NFT business: planning for sustainable growth
35:52 Taro’s recommendations for NFT founders—lean into ownership, loyalty, and non-extractive value
42:00 “The future of car culture”: the journey from complete outsider to “I’ve found my people”
44:35 Being receptive to new technology: “Racing is about learning.”
46:57 “That’s a legendary vehicle”: Taro’s favorite car and $CAR by SCHL0Ms
49:38 “wen Lambo?”: Lamborghini’s genius strategy—from bedrooms to phone screens to NFTs—cultivating the next generation of fan
53:28 “I need you to shit-talk a car”: trends Alex can’t stand and which car Taro thinks drives like “a sofa”
55:30 Taro’s adventures driving with Dai Yoshihara: “Can you drift this?”
58:44 Evan’s driving school dream, behind the wheel with State Police, and Taro’s advice for drivers
1:01:28 Where to connect with Taro/KurumaNFT online and IRL
Twitter: @Kuruma_NFT
@tkoki99
kurumanft.com
RISE UP!✊🔥
__
SUBSCRIBE: https://www.youtube.com/c/FacelessLabs
👉 Guest or sponsor: [email protected]
FOLLOW OUR HOSTS:
👋 Mack Lorden: https://macklorden.info
🚁 Alex Popovic: https://alexpopovic.info
☮️ Evan Mann: https://linktr.ee/conversationswithevan
🧱 Michael Shoup: @michaelshoup
🕵️ Mihir Kothapally: @mehere114
🧑‍🏫 Joe Devine: @highimpacttrdg
—
🧬ABOUT FACELESS LABS 🧬
Faceless Labs is a top web3 consulting agency and community incubator empowering crypto enthusiasts at all levels of experience with education and opportunities. We believe all people are the Many, and that the Many will Rise Up together.
👉Website: https://www.facelesslabs.io
👉 Discord: https://discord.com/invite/themany
👉 Twitter: https://twitter.com/faceless_labs
🤝CONSULTING 🤝
Looking to learn about or launch an NFT series? A metaverse experience? Reach out! We can help plan and execute storytelling, utility, design, culture, community management, sales, marketing, and blockchain for you.
—
✊🔥ABOUT THE FACELESS MANY🔥✊
8064 epic characters who represent the hero in all of us. Holding a Faceless Many NFT earns you $REVP (revPoints), which can be used in our marketplace to purchase virtually anything. TFM, the Faceless Allies, and the AI generated Villains of our Story, the Corrupted, are your ticket to the Financial Revolution. Get yours and Rise Up today!
✅ ht

Next Episode

019 - DIY Web3 Marketplaces for NFT Projects & the Metaverse with NFTify and Monark Market

Just as every ecommerce entrepreneur has a storefront, every NFT project and Metaverse creator need a place to do business. Nikita Ngan Nguyen (NFTify) and Michael Shoup (Monark, the Faceless Many) explain how users can benefit from the solutions they're building, discuss pain points of the web3 user experience, and explore solutions/use cases with host, Evan Mann.
1:32 Nikita’s intro – from IT to crypto (also, she’s world-class Salsa dancer—wen metaverse dance party?)
5:32 Her epic crypto journey: from an ICO for a literal goldmine to NFTify
13:21 What problems does NFTify solve for customers? “The Wix of Web3” for branded NFT Marketplaces, lowering barriers-to-entry for anyone interested in blockchain
17:05 Monark as a case-study: building a marketplace to attract creators to the metaverse
18:34 Why marketplaces?
21:55 Why anyone building in web3 might need a DIY marketplace
26:05 “We move way beyond JPEGs”: Exciting NFT use cases
28:36 The stepping stones to move from web2 to web3 (ease-of-use, integrated payments, custodial wallets)
30:45 What kinds of things will people want to verify ownership of in the metaverse?
34:27 “Most value in the world is non-tangible and non-fungible”
37:20 “My grandfather had Alzheimer’s”: why Michael will be the first to get a brain-computer interface
39:08 Why collaboration is key in web3: Discussing the synergy between Monark and NFTify in a bear market
43:59 Building a sustainable, successful business in “the capital of capitalism,” the US
45:55 How to follow NFTify and the ecosystem they’re building
47:35 How to join Michael’s ragtag mission to unite metaverse creators
50:55 “Life is a journey to find truth”: working in tech without losing touch with our humanity
53:24 To watch: Snowcrash (novel/film) and We Met in Virtual Reality (documentary)
55:06 Audience Q&A
1:00:51 Closing thoughts: get in touch with Nikita on LinkedIn;
https://nftify.network
https://monark.market
TWITTER
@nftify_official
@madebymonark
LINKEDIN
https://www.linkedin.com/in/nikitangannguyen

RISE UP!✊🔥
__
SUBSCRIBE: https://www.youtube.com/c/FacelessLabs
👉 Guest or sponsor: [email protected]
FOLLOW OUR HOSTS:
👋 Mack Lorden: https://macklorden.info
🚁 Alex Popovic: https://alexpopovic.info
☮️ Evan Mann: https://linktr.ee/conversationswithevan
🧱 Michael Shoup: @michaelshoup
🕵️ Mihir Kothapally: @mehere114
🧑‍🏫 Joe Devine: @highimpacttrdg
—
🧬ABOUT FACELESS LABS 🧬
Faceless Labs is a top web3 consulting agency and community incubator empowering crypto enthusiasts at all levels of experience with education and opportunities. We believe all people are the Many, and that the Many will Rise Up together.
👉Website: https://www.facelesslabs.io
👉 Discord: https://discord.com/invite/themany
👉 Twitter: https://twitter.com/faceless_labs
🤝CONSULTING 🤝
Looking to learn about or launch an NFT series? A metaverse experience? Reach out! We can help plan and execute storytelling, utility, design, culture, community management, sales, marketing, and blockchain for you.
—
✊🔥ABOUT THE FACELESS MANY🔥✊
8064 epic characters who represent the hero in all of us. Holding a Faceless Many NFT earns you $REVP (revPoints), which can be used in our marketplace to purchase virtually anything. TFM, the Faceless Allies, and the AI generated Villains of our Story, the Corrupted, are your ticket to the Financial Revolution. Get yours and Rise Up today!
✅ https://beacons.ai/thefacelessmany