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Ragnar's Guide to the Underground Economy

Ragnar's Guide to the Underground Economy

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Making a Living without Having a Job 15business for yourself, <strong>the</strong>re appears <strong>to</strong> be a tacit, unwritten agreementthat entrepreneurs can deduct as many expenses as possiblefrom <strong>the</strong>ir taxes. Those who pay minimal taxes use fundssaved <strong>to</strong> purchase inven<strong>to</strong>ry and equipment needed <strong>to</strong> keep <strong>the</strong>irprojects alive and profitable. It’s kind of a golden goose s<strong>to</strong>ryabout not squeezing <strong>the</strong> goose <strong>to</strong>o hard till it’s an adult and canreasonably produce more golden eggs. This is probably goodadvice for those intending <strong>to</strong> operate in both <strong>the</strong> regular andunderground economies simultaneously.Entrepreneurship and its close cousins, personality and <strong>the</strong>drive required <strong>to</strong> be a successful tycoon, cannot be taught, wewere <strong>to</strong>ld. Ei<strong>the</strong>r you have <strong>the</strong>m or you don’t. But small-businessskills relating only <strong>to</strong> an individual and his family are teachable.These are exactly what is required <strong>to</strong> work successfully in<strong>the</strong> underground economy.

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