The “High Roller” lives on the edge financially and becomes addicted to the thrill of earning large sums of money. But when things go bad, “they feel the greatest frustration both financially and psychologically,” she said in an e-mail message. The most common profile is what she calls the “Entrepreneur,” thriving on ambition but not taking as many risks as the High Roller.
“Denial is a wonderful defense mechanism as it eases the pain,” she said, “but it also delays the day of reckoning.”
A third type is what she calls the “Money Master.” People who fit this profile typically earn less than and take far fewer risks than the other two types and are better prepared to handle market swings and even layoffs, she said.
“They can come out of it feeling even more confident than before if they use their flexibility and figure out a new game plan,” she said.
“I’m in financial planning,” he said. “Isn’t it a sin not to do so for yourself?”
“Since they are expected to be experts, job loss and financial strain can trigger shame and embarrassment,” said Bradley Klontz, a psychologist who specializes in financial matters. “The shame can be similar to a cop who gets mugged.”
“When I got laid off, I felt a sense of panic — what am I going to do next?” she said. But after that initial shock, she grew calm. “I don’t have to get up anymore and go and pretend things are fine when they’re not.”
She spoke on condition of anonymity because she said she feared retribution. She has been looking for jobs, but, as many recruiters say, it is an employers’ market.
She has had trouble sleeping; she has lost weight. She started therapy but wonders whether it is helping. Not having a schedule is disorienting. She was accustomed to leaving the house even before her child woke up and getting home after dark.
“The first thing people ask you is what you do,” she said. “If you don’t do anything anymore, then how do you feel about your- self?”
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