![]() ![]() "Households working with a financial planner were found to be making the best overall financial decisions, followed by those using the internet, while those working with a transactional adviser were making the worst financial decisions," Blanchett wrote. ![]() Blanchett, Ph.D., CFA, CFP ®, used six rounds of the triennial Federal Reserve Board's Survey of Consumer Finances (from 2001 to 2016) to examine the results achieved by people using four information sources: financial planners (defined as advisors who provided more holistic services) transactional financial advisors (such as a banker or broker) friends or the internet. In a study published in the Journal of Financial Planning, David M. Research has shown that households that work with a professional financial planner were more likely to make better financial decisions than those without a planner, taking into account portfolio risk levels, savings habits, life insurance coverage, revolving credit card balances, and emergency savings. Maverick: Mavericks are unafraid and unapologetic individuals who would rather reshape their world than try to fit in it.Improviser: Improvisers are typically quite self-sufficient with a deep desire for independence and doing things their own way.Dreamer: Dreamers are the free spirits of our world who shake their head in confusion at all those who schedule their lives to the last detail.Philosopher: Taken from the Greek word meaning "lover of wisdom," philosophers enjoy thinking about and solving problems.They not only imagine the future but design solutions to make it happen. Architect: Architects are masters of both creativity and logic.Categorizing and arranging everything from their sock drawer to their personal finances gives them a warm, fuzzy feeling. Here are six types of financial planning personalities: Panda Planner Pro - Best Daily Planner for Happiness & Productivity. Morning for setting the tone, evening for reflection. Usage Tip: Take 10 minutes at the start and end of your day. By understanding the type of person you are with regard to planning, you can take proper steps toward reaching your financial goals. This encourages holistic personal development, tracking not just what you do, but who you become. Your approach to life can influence every decision you make, including those that involve your finances. Wealth and Investment Management Solutions. ![]()
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