Is imposter syndrome affecting your earning potential?

Do you ever walk into a meeting, or get an opportunity that you don’t feel comfortable taking on? Even though everyone around you says you’re more than capable of doing so, you may still feel like you’re a fraud. If so, you may be dealing with the well-known imposter syndrome that has been deterring about 70 percent of millennials from reaching their goals. 

Oddly enough, even the highest of achievers, like Serena Williams and Tom Hanks, deal with the same extreme case of self-doubt.

This extreme self-doubt may stop you from chasing after your goals and allow you to feel proud of those you’ve already nailed. But guess what? You aren’t crazy! You’re worthy of the achievements you have earned. You are worthy of your place no matter what stage of life, or your career, you are in.

This syndrome may deter you from reaching your biggest career goals. If you think you may be dealing with imposter syndrome, Mint created an infographic explaining the different types, how each type may affect your finances, and tips to overcoming it. Push past your self-doubt and push past to conquer anything you put your mind to!

Infographic: How much is imposter syndrome costing you?

How much is imposter syndrome costing you?

Imposter syndrome is that annoying feeling of self-doubt you may feel every time you reach a new level of success. Learn about what it is and how much it might be costing you.

  • Stress — $988/year
  • Work tension — $2,244/year
  • Lack of sleep — $2,569/year
  • Lost productivity — $3,400/year
  • Not negotiating pay — $7,528/year
  • Career issues — $18,000/year

Which type of imposter syndrome do you have?

The perfectionist

You think you’re unstoppable, set goals too high, and take failure to heart.

How this affects your money:
You may never ask for a raise or save for your dream house.

How to overcome this imposter syndrome:
Break your goals into micro-steps and celebrate each win.

The super(wo)man

You work longer rather than smarter to prove you’re worthy of your position.

How this affects your money:
You don’t have time for opportunities that lead you to a salary increase.

How to overcome this:
Work as hard as you can in the time expected of you this week.

The natural genius

You are smart, but when projects take too long, you feel like you failed.

How this affects your money:
You don’t test new skills that could increase your earning potential.

How to overcome this imposter syndrome:
Fill your plate with new tasks, even if you’re uncomfortable.

The soloist

You think asking for help hinders your credibility so you do it all yourself.

How this affects your money:
You end up paying the hidden costs of taking on too much.

How to overcome this:
Set a goal to ask your peers for help on one new thing a week.

The expert

You think you’re the expert but aren’t able to strut your stuff when asked.

How this imposter syndrome affects your money:
You don’t apply for opportunities you’re qualified for.

How to overcome this:
Get uncomfortable — try tasks that may scare you.