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According to the theory of self-determination, three fundamental psychological needs—autonomy, competence, and relatedness—must be satisfied for individuals to feel secure about themselves. By reframing your past experiences and focusing on your progress rather than others', you can cultivate a healthier self-image and financial perspective.
3. The Highlight Reel of Social Media
Social media exacerbates feelings of inadequacy by presenting curated highlights of others’ lives rather than the mundane or challenging realities. Vincent emphasizes that while we often share the exciting moments, the regular day-to-day struggles go unmentioned. This selective sharing creates an illusion that everyone else is leading a glamorous life financed by abundant wealth.