Conquer FOBO: Making Decisions with Confidence

Your Retirement Elevated Podcast with Scott Dougan

Ever found yourself endlessly scrolling through options, unable to make a choice? You might be falling into the trap of FOBO: Fear of Better Options. It’s ​a ​psychological ​phenomenon ​where ​someone ​avoids ​making ​a ​decision ​out ​of ​the ​fear ​that ​there ​may ​be ​a ​better ​option ​out ​there. ​How ​can ​we ​identify ​it ​and ​work ​with ​it ​and ​make ​better ​decisions ​and ​actually ​get ​to ​the ​decision ​point? That’s what we want to discuss with Scott today.

Here are some of the questions we’ll tackle in this episode:

• What is FOBO and how long has this behavior been around?
• People can be divided into two groups when it comes to decision-making: maximizer or satisficers.
• Commitment is the key when making financial and lifestyle decisions.

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