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The Psychology of Money

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The Psychology of Money

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Wall Street Journal

Impostor Syndrome is like being a secret agent - in the most depressing way imaginable.

No matter how hard you work, no matter how much you achieve, you still feel like a fraud. You still question your ability and you're waiting to be exposed. More formally, it's often referred to as "a failure to internalize success." You attribute your accomplishments to luck or insane amounts of effort, but never talent or skill.

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And much of the advice we get isn't helpful either. Merely "telling yourself you're good enough" has all the scientific rigor of a Hallmark Card. Self-affirmations are as likely to cure this as they'd cure baldness. We need real answers, not platitudes.

Funny thing is there's a whole pile ...

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When work is a blur it's easy to think you just got lucky. But I'm guessing you've noticed that people who are very confident about their abilities can often explain them to you. They're aware of their system. Step outside yourself and notice what you do that gets the results. As the great Carl J...

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  • Enactive mastery experience: Recognize your system. Tennis lessons don't increase tennis luck.
  • Vicarious experience: If they can do it, you can do it.
  • Social persuasion: I, for one, happen to think The Force is ...

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