How Narcissists Use Money to Abuse ( The Narcissist and Money )
According To Sam Vaknin, author and expert on NPD, money is another word for love in the narcissist’s emotional vocabulary. Having been deprived of love early on in the narcissist’s childhood, he constantly seeks love substitutes. To him, money is the ultimate love substitute. Dr. Vaknin states that all the qualities of the narcissist are manifested in his relationship with money, and in his attitude towards it. For example, due to his sense of entitlement he feels that he is entitled to other people’s money.
Secondly, his grandiose thinking leads him to believe that he should have, or does have, more money than he actually possesses. This leads to reckless spending, to pathological gambling, to substance abuse, or to compulsive shopping.
Third, narcissists engage in magical thinking which leads to irresponsible, shortsighted behavior for which they believe they are immune from the results of that behavior. They descend into debt, commit financial crimes, and hassle people- including their closest relatives.