Market Overview

It's Not Just FOMO Anymore, According to Financial Education Benefits Center


It's Not Just FOMO Anymore, According to Financial Education Benefits Center

PR Newswire

SAN RAMON, Calif., Aug. 9, 2018 /PRNewswire/ -- Most people have heard of FOMO, Fear Of Missing Out, but fewer have heard of its cousins FOBO, Fear Of Better Options, and FODA, Fear of Doing Anything. FOMO is ubiquitous enough to have already been the subject of a scientific study, "Fear of missing out: prevalence, dynamics, and consequences of experiencing FOMO," and even a beer commercial. But FOBO and FODA can be equally troubling for individuals with anxiety about decision making. Financial Education Benefits Center (FEBC), a member benefits company specializing in health and financial wellness, offers a variety of benefits that promote mental and physical wellness.

"With the huge amount of suggestions and advice available, people can find themselves filled with anxiety for big and small decisions," said Jennifer Martinez, manager at FEBC. "It's important to use all the health and wellness benefits available to find a way to slow down, take a breath, make a choice and move on."

The person who coined the terms, Patrick McGinnis, says that FOBO causes anxiety because people are always trying to optimize their experience. He observed FODA when he noticed individuals, himself included, often hesitated to the point of paralysis, missing the opportunity to make a good decision while waiting for the perfect decision to reveal itself. "It is a byproduct of a hyper-busy, hyper-connected world in which everything seems possible," McGinnis said in a recent New York Times article.

McGinnis has two helpful tips he uses almost every day for those suffering from FOBO and FODA. He calls the first one "Ask the Watch," which makes two equal choices a coin-flip. He assigns one choice to the left side of his watch, the other choice to the right side of his watch, then looks at his watch and lets the sweep of the second hand tell him which to choose. For larger issues, he writes down all the pros and cons and then reads the list aloud. He says it is like an "investment memo" for a venture capitalist investment, except the investment is "your time, money and energy."

FEBC allows members to invest in themselves by making a variety of health and wellness resources available at different plan levels. The telehealth benefits may help certain FEBC members find answers about non-emergency mental or physical health concerns by speaking with certified medical professionals. Also, FEBC members have access to numerous other wellness benefits that may be helpful. It's important to note that FEBC benefits are not insurance and are not intended to replace insurance.

"We want people to remember that they are not alone, that there are resources available to help them with their issues," Martinez said. "If you have anxiety due to FOMO, FOBO or FODA, or any other mental health concern, get the help you need to live the life you want."

About Financial Education Benefits Center

Financial Education Benefits Center is located in San Ramon, California. The membership company has already helped thousands save money and obtain the necessary education required to live a financially healthy life.

Financial Education Benefits Center has partnered with several name brand third-party companies to expand the financial and educational products and services available to its members and to provide a variety of wellness services as well.

Financial Education Benefits Center Newsroom


To learn more about Financial Education Benefits Center, please contact:

Financial Education Benefits Center
2010 Crow Canyon Place Ste. 100
San Ramon, CA 94583

Related Images

Woman concentrating while looking at her phone
Credit: AntonioGuillem/Bigstock


Related Links

FEBC home page

Cision View original content with multimedia:

SOURCE Financial Education Benefits Center

View Comments and Join the Discussion!