Episode Details

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Two-time Emmy and three-time NAACP Image Award-winning television Executive Producer Rushion McDonald interviewed Laura Foos.

Interview Overview

Guest: Laura Foos
Host: Rushion McDonald
Show: Money Making Conversations Masterclass
Location: Camp Springs, Maryland (DMV area)
Focus: Entrepreneurship, tax education, real estate ownership, multiple income streams, women in business, and asset‑based thinking

Laura Foos is a serial entrepreneur, accountant, tax professional, property owner, and business educator. In this conversation, she walks through how she built several aligned businesses—from a salon to a tax firm, educational products, and a multi‑use commercial space—while raising her daughter as a single mother and intentionally building wealth through ownership.

Purpose of the Interview

The purpose of the interview is to:

• Educate everyday entrepreneurs—especially women and small business owners—on how to use taxes, ownership, and strategy to build sustainable wealth
• Demystify entrepreneurship by showing how multiple income streams can grow from practical decisions, not hype
• Highlight asset‑based thinking, where liabilities are intentionally offset by income‑producing assets
• Inspire single mothers and women entrepreneurs to pursue ownership, funding, and scalability without waiting for permission

Rushion positions Laura as a living example of “walking the walk”—not just talking about business success, but executing it with discipline, planning, and faith.

Key Themes & Takeaways 1. Location, Ownership, and Convenience Matter

Laura intentionally built her life and businesses close together—owning her home of 20 years and purchasing a nearby commercial property—to maximize efficiency and control.
Takeaway: Strategic location and ownership reduce friction and increase long‑term stability.

2. Taxes Are a Growth Tool—Not Just Compliance

As a college‑educated accountant and longtime tax professional, Laura explains that many small business owners are taught to eliminate taxable income entirely, but this limits growth.

She emphasizes the importance of:

• Showing income on paper
• Planning annually for tax obligations
• Using taxes strategically to qualify for loans and asset purchases

Takeaway: You cannot scale—or secure funding—without showing money on paper.

3. Every Liability Should Have an Asset Attached

Laura repeatedly returns to a core principle:

“For every liability that I have, I want to figure out an asset that is going to pay for that.

Examp