Narcissists have the ability to influence to a large extent the people around them, especially when financial statements are also involved. According to Dr. Ramani Durvasula, psychologist and professor of psychology at California Public University five toxic habits of narcissists around the money and which we have to identify:
1. They do not share anything about their finances
Even in their close circle, narcissists can avoid issues with regard in their financial situation, for example for their salary or savings. Thus, they have the ability to make financial decisions unilaterally and have the opportunity to request financial control of the entire household. A similar case can exist in the context of a business, where the narcissist will want to take over the finances.
2. They are generous only in public
Narcissists may be stingy in their personal lives, but they are extremely generous when they are with others to show their “good profile”. For people in their inner circle, this can be a point of friction, as the impression they have made on others does not represent reality.
3. The basics are stingy
Narcissists can invest heavily in luxury goods, such as an expensive watch, but bypass the basics, such as food, health care, and basic household items. Those who have a close relationship with them may have to save to buy the basics themselves, in order to avoid any fights with the narcissists.
4. They are hypocrites
Hypocrisy and narcissism go hand in hand. Most narcissists believe that the rules do not apply to them, although they themselves are quick to impose them on others. This rule also applies to finances. For example, the narcissist may often go out of budget, but when his partner does, he criticizes it.
5. Money as a means of punishment
Narcissists can reward you financially when they feel you have done something they welcome, but they can also keep you from spending when they want to “punish” you. Thus, they create situations of insecurity, degradation and confusion. For example, if you are a partner with a narcissist he may book a luxury holiday for your birthday and after a quarrel refuse to pay for the basics.
Money Review
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