Don't Let the Fear of Missing out Bleed Into Your Financial Planning

By Graysen Blazek via

The rise of social media has brought with it many blessings and curses.

Being connected allows us to keep in touch with old friends and establish connections with acquaintances who may one day become close friends or professional contacts. It has also created the ability for us to see what others are up to in real-time. Often, these posts highlight an exciting time – perhaps a big vacation, home purchase, new job/promotion, or a shiny new car.

Viewing these highlight posts and pictures may serve as a source of inspiration, but often, they instead instill a sense of envy – or a fear of missing out.

Being bombarded by these brief glances into another person’s life on a daily basis can cause us to fantasize about what could be – and it’s easy to get wrapped up in always feeling the need to compete and keep up with others. I see this as a modernized ‘Keeping up with the Jones’s’ scenario.

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