Over the last several years, a new “condition” called FOMO, or the ‘fear of missing out,’ has struck people across the globe, young and old. The idea: we are afraid of missing out on an experience – something cool! So, instead of being prudent – we just do it, which often means spending instead of saving. For example, let’s say your friend invites you to a concert hundreds of miles away. While you really don’t have the money saved to take the trip, you do it anyway because you’re worried you’ll be left out. In this video, I talk about a recent article citing FOMO as a major disruption to our finances and my view on how you can resist overspending to enjoy more of your life. Also, here’s the initial article.
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