Narcissists needs money to maintain their false image to keep them on the pedestal they put themselves on. Money is the enabler that allows them to surround themselves with symbols of wealth; the flashy car, the big house, the clothes etc. Wealth to the narcissist portrays both psychological and financial power, putting them on a pedestal of “greatness” where they can be worshiped by everybody, including themselves. They are addicted to adoration and attention, money buys that for them.
Because the narcissist grew up feeling deprived of love, they are always seeking love substitutes, and money represents that love that they constantly seek. Money, and their attitudes to it, affects all of the narcissist’s relationships. For example, it is a useful commodity for cajoling and seducing people as a source of future narcissistic supply.
The narcissist use their open display of money in order to get social approval, this often adds to their sense of entitlement. That sense of entitlement often leads them to feel that they are also entitled to other people’s money, they will use any means for extracting what money they can from others.
Their grandiose fantasy leads them to believe that they have more money then they really have, and this often lends them to spend recklessly. Money is also useful when their frail ego takes a blow, when this happens they are likely to go on compulsive shopping sprees to comfort and calm themselves. Overstretched and in dept, they are always looking for ways of making more money, so they will hound people, or even commit financial crimes in order to get it.