—Guest: Ron Anderson
—Topic: Creative ways to make money and tax tips
Bethany and Ellie open the show talking about creative ways to earn more than you spend. Ron Anderson comes into the Money Millhouse and discusses taxes and how they could be fun. He gives some of his favorite year-round tax tips and some good general advice for a taxpayer dealing with their taxes. He suggests someone buys a home as a foundation to build their financial freedom. He also says to not spend money unless it is going to be productive when it comes to small businesses, and what to keep in mind if a small business is ever to get audited. He gives tips for keeping receipts and playing “show and tell” with them.
They transition into Ron’s other profession: being a professional magician. He shares some of the stories of some of the famous people he has met along the way, including David Copperfield and Steve Martin. He talks about The Magic Castle, of which he is a member. He explains how to make a hobby into a business—understanding marketing, sales techniques, etc. He gives advice to anyone looking to start a business like this—including buying business cards and keeping records in order. He shares why he always asks for letters of recommendation, and being open to constructive feedback in order to get better. He shares how he manages his creativity and his process of comedy and magic, and why he writes every creative idea down on paper.
—Sell stuff on Craigslist or Facebook Marketplace
—Rent a room out in your house
—Sell your skills
—Become a field agent (Field Agent app)
—Become a secret shopper
—Take surveys online and get paid for them (Swagbucks)
—Babysit for busy professionals (care.com)
—Join direct selling company like Arbonne or Avon
—Write music reviews (slicethepie.com)
—Be a Lyft or Uber driver
—Clean out your closet and sell online (Poshmark)
Ron Anderson first started doing taxes for his friends as a teenager as his dad and uncles made him take an 8 week course each year in tax law. He was drafted into the Army on high school graduation got his dream job of working in Special Services Entertainment. After the Army, Ron went to college and worked in the family tax business before launching out on his own and becoming a registered investment advisor. He’s had a successful tax practice for 3 decades and recently sold the practice that had 3,000 clients. Ron has been married to his wife, Nancy, for 40 years and they have been co-owners of a company of property developers, landlords and property managers.