Brown the ground beef in a large skillet over medium high heat. Drain off the excess grease. Then stir in 1 Tbsp of the taco seasoning (or 1/2 a packet), the salsa and water into the heat. Cook uncovered for 2-4 minutes.
In a separate large bowl, beat together the cream cheese, sour cream and the remaining taco seasoning with a hand held mixer.
Then spread the cream cheese mixture in the bottom of a 8X8 or 9X9 pan. Top with the ground beef, shredded lettuce, cheese, tomatoes and sliced olives.
Serve with chips and enjoy!
Notes
This dip layers can be made ahead of time but do not assembly until you are ready to serve as the vegetables on top will get too soft.