It's flawed from the get-go.
First off, it sounds better, at least in a native Westcoast NA accent, as: "Maybe I should experience my own life instead of wishing for someone else's"
Secondly, it's talking about wanting someone else's life (as in the lifestyle that they live).
Being that life is a combination of self effort and simply luck, I would advise following a Daoist style path of going with the flow of how things are, at least, if you're aiming to live a life of peace and contentment. At least, it seems to have been working pretty well for me! ✌️😁