I’ve always been fascinated by people’s emotions around money. I believe emotions are often the root cause of some of the most devastating financial mistakes that people make. Here at Merriman, we not only help our clients invest wisely, we also help them avoid these kinds of mistakes.

Now a study has been done by a professor at Kansas State University on this very topic, and an article about the study appeared in The New York Times this past weekend. As you read it, much can be learned from figuring out which group you fit into. It’s also interesting to think about which group your parents fit into and how their emotions around money may have affected you.