We know Imposter Syndrome is bad for our mental health. But an expert tells us how it's also messing with our wallets.
of people feel jealous when their friends go out without them and, on average, will spend around $628 a year on events they did not want to attend. That's a lot of money to be shelling out when weAccording to Dr. Gee, it's all about getting pragmatic with your planning.“If you experience FOMO, we suggest saying ‘yes’ to a limited number of social events that you want to attend,” she suggests.
Unfortunately, imposter syndrome makes it impossible for us to internalize our successes and, as a result, we can overly focus on our external facade to help us feel more confident. But as Dr. Gee notes, studies have shown that those with imposter syndrome who compensate through fashion report greater feelings of inauthenticity and lower scores in confidence. “Try ditching the catwalk for a mindfulness app," she says.
So if you're not on top of your funds, not only are you going to miss out on financial opportunities, but you're also going to fall into the trap of having to rely on banks and other institutions for everything, instead of knowing what's happening with your money yourself. “While it’s difficult to quantify just how much money you could be losing out on,” explains Jaffer, “avoiding financial advice will ultimately have a negative impact on your finances.
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