I'd say it's perfect, but you might want to also place a comma after 'confidence', and either leave the other ones in as well, or you can then take out the comma after 'and'. it leads to a greater sense of confidence, and often, a better perspective on life. The sentence flows a bit more easily that way, but it really depends on where you want emphasis placed.
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chris2010….it leads to a greater sense of confidence and, often, a better perspective on life.The commas are right where they are. "Often" is parenthetical, and no comma is called for when "and" introduces the second of two elements in a list.