There has been a lot of conversation in the circles of real estate investors in London, Ontario on FOMO. Here is my take on FOMO in the GGR.
Fear of missing out (FOMO) is described as a pervasive apprehension that others might be having rewarding experiences from which one is absent. This social anxiety is characterized by a desire to stay continually connected with what others are doing.
FOMO is good and bad. FOMO led to Sir Robin KJ entering the GGR and everyone knows how that turned out, but FOMO also made Donald Crowhurst join in and we know how that turned out. But, these two examples are very simplified examples and there is more behind it.
FOMO can be really amplified by social media and it can seriously turn into a mental health issue accompanied by depression and loneliness. If you must sail the GGR, you wouldn’t want these in your life. They can cause serious lapses in the preparation and worse can really affect your performance on the water.
FOMO comes in when you see others getting sponsors, new equipment, more time on the water and more media coverage. This generally plagues my generation a lot more than it did to the earlier generations who continue to live without using social media.
Looking at social media for a validation of your campaign is the worst trap you can fall into. Just because you have fewer updates or fewer noteworthy posts can lead to the point where you either overshare or sometimes put off your audience and at the same time you are also damaging your own confidence.
How do I counter FOMO?
Put things in perspective
I remind myself that there are 835 days and 19 hours to go as I type this blog post. There is a lot that can happen.
I am personally a procrastinator, but I keep my best for the last and I have always been able to perform well when the pressure really gets on me and that happens more often when you have a time crunch.
Watch this video to understand how procrastinators like me really excel and often peak at the right time.