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How to Beat F.O.B.O., From the Expert Who Coined It

Thinking Like Venture Capitalist

For the important things you have to consider, think like a venture capitalist: jot down everything you can on the subject you're trying to decide on ( the pros, cons for example) and read it out loud.

This is almost like writing an investment memo for a V.C. investment: for this situation, the investment is of your time, money, energy, etc.

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How to Beat F.O.B.O., From the Expert Who Coined It

How to Beat F.O.B.O., From the Expert Who Coined It

https://www.nytimes.com/2018/07/30/smarter-living/how-to-beat-fobo-from-the-expert-who-coined-it.html

nytimes.com

4

Key Ideas

Fear of Better Options (F.O.B.O.)

F.O.B.O is our inability to decide between different options all of which are decent. It can lead us to paralysis when we’re in the process of making a decision.

F.O.B.O. means obsessively researching every possible alternative, when faced with a decision, fearing we’ll miss out on the best one. It can lead to indecision, regret and is a serious threat to our happiness.

What Causes F.O.B.O.

For F.O.B.O. to happen, you have to have multiple options. It is mostly a consequence of our world in which everything seems possible.

Mostly Fine Decision

To beat FOBO, find the Mostly Fine Decision. This is the outcome you’d be ok with, even if it’s not the absolute best possible one.

Thinking Like Venture Capitalist

For the important things you have to consider, think like a venture capitalist: jot down everything you can on the subject you're trying to decide on ( the pros, cons for example) and read it out loud.

This is almost like writing an investment memo for a V.C. investment: for this situation, the investment is of your time, money, energy, etc.

SIMILAR ARTICLES & IDEAS:

The fear of missing out (FOMO)
FOMO = the compulsive desire to experience something (or be somewhere) motivated by the fear of what you will potentially lose. And this idea of loss is usually imagined. FOMO is that i...
FOMO and the quality of our experiences
FOMO make us want to accumulate as many experiences as possible, but at the same time, it robs those experiences of any real meaning. That's because it causes people to make their decisions based not on the reality of the experience, but rather the imagined experience. 
Overcoming FOMO
The way to get out of feeling FOMO is to start killing those fantasies that you’re letting rule your decision making. And that means understanding there’s no such thing as a perfect night out or a perfect party. 
Social jet lag
A term describing the difference between people’s sleep schedules on workdays and free days. It highlights the difference between how they’d like to structure their days and ...
4 Types of Sleeper based on Chronotype
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  • Wolf: people who prefer to stay up late. 15-20% of the population.
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A Friend Indeed

According to a report in The Journal of Social and Personal Relationships, an acquaintance has a chance of being your friend after about 50 hours of shared activity or discussions. A frien...

Benefits of Friendships

Long-lasting, high-quality friendships lower the chance of chronic illnesses, and mortality rates. They boost one’s happiness and can also be a buffer towards anxiety, stress and even depression.

One can consider looking back and reconnect with a lost but cherished friend for emotional support or to relive the long-forgotten times.

Considering Reviving A Friendship
  • We need to ask ourselves if a certain friendship is even worth resuscitating, or if one of us has moved on to such an extent that we really don’t recognize the person any more.
  • The circumstances of growing apart also matter. If it was betrayal or a falling out, the process of getting back may require reconciliation and may not be easy.
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Procrastination
Perseverance means you never quit. Procrastination usually means you never get started, although the inability to finish something is also a form of procrastination.
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Discipline yourself to look neither forward nor backward and you can accomplish things you never thought you could possibly do. 

Write it down

Instead of describing the things you want to do or the places you want to go, you’re going to describe what you actually do with your time.

Keep a diary of your activities. Make an entry in your time diary at least once every 30 minutes, and keep this up for at least a week. It forces you to see what you're actually doing and what you're not doing.

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Write

There is no substitute for writing. 
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Tie the task to a larger goal

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Start with the easiest part

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Starting at the easiest part takes less emotional resistance, and once we get started, we tend to get on a roll, which gives us the momentum to keep going.

Break it down

The task will seem less daunting if we tell ourselves that we are going to only spend five minutes working on it. 

We’ll find ourselves continuing to work past the committed time that we told ourselves.

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FOMO (Fear of Missing Out)

FOMO is the experience of worrying that other people are doing more interesting things than you, have more friends than you, and are just all around living a better and cooler life.

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What you really wish to do

Choosing one path means missing another.

When you feel FOMO coming on, ask yourself if the trigger is really something you wish you were doing yourself, or if the sudden recollection of the great number of choices in life has simply brought on a moment of insecurity about your own

If it’s the latter, taking a moment to reaffirm your decision is all it takes to chase the FOMO away.

The need for a change

Keep in mind that your FOMO trigger may not relate directly to something you wish you were doing yourself, but can instead point more broadly to something you want to change about your life.

Examine the source of your FOMO before dismissing it; there may be a good reason you feel insecure about your decisions.

3 more ideas

The 50/20/30 budgeting method
The 50/20/30 budgeting method

With the 50/20/30 budgeting method:

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Debt payments

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Reducing your essentials

Play around with your monthly budget to see where you can reduce your monthly spending:

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Getting Started With Tai Chi
  • Find a tai chi branch that matches your needs. 
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  • Dress comfortably with nonrestrictive loose-fitting clothes.
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  • Most tai chi programs last at least 12 weeks, with instruction once or twice a week and practice at home. By then, you should know if you enjoy tai chi.