Yep, that's pretty much it. Fergie wants the life of the uber wealthy with their spending habits, but she doesn't want to lift a finger to work. In all her schemes, it was revealed that she did very, very little work, if any toward the projects. Even her books she put out, there was another co-author or even a ghost writer, who probably did all the actual writing/work. She has always been very lazy and thought that just having a title would keep the money rolling in.
Apparently, Fergie still sends e-mails with "D of Y" included. It's not delusion, it's arrogance.