The Money Illustrated Blog

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.‍

When the news cycle is dominated by political headlines, it’s easy to worry about how elections and policy changes could impact your finances. With concerns about tax policy shifts, market volatility, and inflation, staying focused on what you can control is more important than ever. Here’s a guide on how to focus on factors within your control to protect and grow your financial future, regardless of political shifts.