Why do I feel like I’m not good enough?

An inferiority complex, a concept introduced by Alfred Adler, refers to a deep-seated feeling of inadequacy that often stems from early life experiences. People with an inferiority complex may feel that they are not “good enough” in comparison to others, leading to compensatory behaviours to prove their worth. Then, Why do I Feel like I'm not good enough ...

Inferiority Complex and Overspending

If someone grew up in extreme poverty, they might have internalized a sense of inferiority, associating wealth and material possessions with self-worth.

Overspending in adulthood could be a way to compensate for past deprivation or prove (to themselves or others) that they have “made it.”

Here’s how this dynamic could play out:

1. Emotional Spending as a Coping Mechanism

• Buying expensive items may temporarily boost self-esteem.

• Luxury brands, status symbols, or even excessive generosity may serve as a way to distance themselves from their past.

2. Fear of Reliving Poverty

• The person might overspend to avoid feeling “poor” again, even if it’s financially risky.

• They may struggle with saving money because having excess cash reminds them of times when they had nothing.

3. Seeking Social Validation

• They may believe that wealth equals respect, leading to extravagant spending to gain approval.

• Avoiding frugality could be an attempt to ensure they are not seen as “less than” others.

How to Address This feeling of being like I'm not good enough

1. Uncover the Root Beliefs

• Therapy or self-reflection can help the person recognize the connection between their past poverty and current spending habits.

• Exploring what money truly represents to them—security, self-worth, love, or status—can be insightful.

2. Shift from External Validation to Internal Security

• Developing self-worth independent of material wealth can reduce the need for compensatory spending.

• Practices like gratitude, affirmations, or therapy can help reframe their sense of value.

3. Develop Healthier Financial Habits

• Instead of impulsive spending, they can create a budget that balances enjoyment with financial security.

• Working with a therapist can help rewire their emotional relationship with money.