David Hemler, CFP®
Hmmm. Good question. And the answer is…it depends. While most of us don’t need to consult a financial therapist, many of us do have some behavioral finance issues or money biases that affect how we enjoy our financial prosperity. Sound about right? Don’t worry; you’re not alone.
As humans, we possess many characteristics that both enlighten and impact our lives. We inherit our physical characteristics, while many of our mental or emotional characteristics we pick up from our environment and upbringing. My money behaviors may have roots established when I was very young. One aspect of behavioral finance is to explore our financial views and behavior to try and understand what makes us tick, financially speaking. You may be wondering, “Does it matter?” Maybe, or maybe not.