What we'll cover
How to identify your money mindset
Four common financial perspectives
How a wealth advisor can help you optimize your mindset and money
To get an idea of your money mindset, take our quick quiz below. And read on to learn more about the challenges and opportunities of common approaches to money and how to optimize your approach.
The adventurer
Opportunity: To expand your money horizons, look for new ways to work toward your financial goals. Consider using tools like buckets in Ally Bank's Savings Account to focus your savings and reach your targets faster. If you’re not already, working with a wealth advisor can be a great way to capitalize on your intrepid spirit. By providing expertise and an outside perspective, a wealth advisor can help you identify new ways to optimize your income — like investing — freeing up more funds for your next great adventure.
The collector
Opportunity: Build on your strong savings ethic by adding investing to the mix — and remember it’s okay to splurge now and then. A wealth advisor can help you find the right mix of saving and investing for your financial present and build a map to pursue your future goals.
A wealth advisor can help you find the right mix of saving and investing for your financial present and build a map to pursue your future goals.
The futurist
Opportunity: Don’t let your future-focused perspective distract you too much from your present. By balancing risk with your investing ambitions you can continue to pursue your financial goals without taking too big of a chance on your future. A wealth advisor can help you maintain that perspective with objective, expert guidance on how to strategize your finances and diversify your investment portfolio.
The taste tester
Opportunity: Whether it’s fear or procrastination, budgetingis a good place to start expanding your financial perspective. By mapping out how much income you have each month and what that paycheck goes toward (rent, groceries, entertainment), you can start to wrap your arms around where you want to go next. A wealth advisor can be helpful in these instances by providing you with the information you need to make choices about your financial future. They can walk you through the details of your choices, whether that’s setting savings goals or building an investment portfolio.
Mind over matter
When it comes to money, one perspective isn’t necessarily better than any other, it’s just different. Understanding your money mindset can help you better map out your financial future. By sharing that perspective with a financial advisor, such as an Ally Invest Wealth Advisor, you can get expert advice catered to your own outlook.
