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More about this video:
FOMO, aka the 'fear of missing out' is a phenomenon that is only getting worse with the rise of social media. It's easy to compare our lives to others what are they wearing? where are they traveling? what are they spending their money on? All of it can be overwhelming and lead us to make bad financial decisions, from overspending on credit cards to not investing safely. In this video, I talk about FOMO Culture and how it keeps you poor.
Resources mentioned:
Schwab’s 2019 Modern Wealth Index Survey: https://www.aboutschwab.com/modernwea...
Brazilian Journal of Psychiatry: https://www.ncbi.nlm.nih.gov/pmc/arti...
LinkedIn Article: / secretsciencefomomarketingadvertising...
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Time Stamps:
00:00 Fyre Festival
01:04 FOMO thru the years
02:17 The emotions behind FOMO
03:44 Spending & saving influenced by FOMO
05:19 My experience with FOMO
06:06 Falling behind
06:32 Marketers leverage FOMO
07:07 Social media's panopticon effect
08:07 DeleteMe Sponsor
09:39 How would we act without FOMO?
10:34 Manufactured exclusivity
10:59 How to silence FOMO
11:59 Setting financial boundaries
12:51 Always a 'next big thing'
Keywords for some sweet, sweet metadata:
Personal finance, money management, FOMO, fear of missing out, FOMO Culture, sustainability, video essay, video analysis, social media, instagram, pinterest, tiktok, overconsumption, consumerism, consumption, video essays, financial boundaries, saving money, spending money, influencer