The Money Illustrated Blog

You’ve probably heard people say that “renting is throwing money away” or maybe, “real estate is the best investment you can make.” These ideas have become so common, the average American seems to believe it inherently. But are these claims actually true? 

Diversification is one of the most important pillars of investing. It’s a concept that’s simple to understand on the surface: essentially, don’t put all your eggs in one basket. Even though the idea seems straightforward, it can sometimes be tricky to grasp how it applies in practice, how one should invest their assets accordingly.

The start of a new year is the perfect time for small business owners (including 1099 workers) to reassess their financial strategies, set new goals, and ensure that their finances are on track for success. Effective financial management is key to growth and sustainability, but it requires thoughtful planning and organization. As we move into the new year, here are some tips for managing your finances and setting your small business up for success.

Navigating the financial aspects of divorce can be challenging, and one of the most common questions that arises when divorcing pertains to the differences between child support and alimony. While both are financial obligations that can arise from divorce, they serve distinct purposes and have different implications. Here, we’ll explore their differences, calculation methods, and tax considerations to provide clarity to help those in uncertain times.‍