Acres of Diamonds In life it often happens that the answers to our most pressing questions are right in our own backyards. Related Content Does Your Child Need to File an Income Tax Return? When your child has income, there’s a good chance that he or she will need to report it and pay taxes. How Financial Professionals Are Compensated Read this overview to learn how financial advisors are compensated. Pay Yourself First It sounds simple, but paying yourself first can really pay off.