The Big Shot may have grown up without money and may have even experienced rejection or ridicule as a result. This may result in painful emotional scars which are the root of their compulsion to reaffirm their achievements in the eyes of others.
By looking into their past, Big Shots may discover how or when they started believing that they needed “things” to feel good. This could help them identify their triggers for over-spending. Once they do that, they can begin to break the cycle, opening the door for change.
The Big Shot’s need for instant gratification means they don’t always think long-term and will often go into debt. Once they are in financial difficulty, they may become resistant to acknowledging it, spending even more to feel better.
Big Shots who have the financial means could consider using their wealth for good as a healthier way to get the validation they seek. Less wealthy Big Shots may need to put stopgaps in place to funnel their money into savings or investments – or to pay off their credit – before they can spend it. Spending time (not money) with people, by volunteering, is another way to start to fill an emotional void.