In 'The Paradox of Choice,' Barry Schwartz argues that the abundance of choices in modern Western society, while seemingly beneficial, can actually be detrimental to our psychological and emotional well-being. He explains how the explosion in choices, from mundane decisions like buying jeans to profound challenges like balancing career and family, has paradoxically become a problem rather than a solution. Schwartz synthesizes current research in social sciences to make the counterintuitive case that eliminating choices can reduce stress, anxiety, and busyness. He offers practical steps to limit choices, focus on important ones, and derive greater satisfaction from decision-making. The book also introduces the concepts of 'maximizers' and 'satisficers,' highlighting the differences in their decision-making processes and outcomes.
This book explores the concepts of FOMO (Fear of Missing Out) and FOBO (Fear of a Better Option), offering strategies to manage these anxieties and make confident decisions. It discusses how modern technology and culture exacerbate these fears, impacting personal and professional lives. The author provides actionable advice on prioritizing decisions, outsourcing low-stakes choices, and embracing mindfulness to reduce stress and anxiety.
#22: Patrick McGinnis, bestselling author and creator of the word FOMO, joins Chris to discuss the history of FOMO, ways to overcome the toll it can have on your life, a framework to vastly improve your decision-making and their favorite hacks.
Patrick McGinnis (@pjmcginnis) is credited for coining the words 'FOMO' and 'FOBO' in 2004. He's the author of two bestselling books: The 10% Entrepreneur and Fear of Missing Out: Practical Decision-Making in a World of Overwhelming Choice and his work has been featured in the New York Times, Politico, and more. He's also the host of the hit podcast FOMOsapiens.
Full show notes available at: https://www.allthehacks.com/fomo-patrick-mcginnis
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Resources Mentioned
Connect with Patrick McGinnis: Website | FOMOsapiens Podcast | Twitter | Instagram
Patrick's Books: 10% Entrepreneur | Fear of Missing Out: Practical Decision-Making in a World of Overwhelming Choice
Patrick's Course: How To Be A Part-Time Entrepreneur Course
Ariana Huffington's Phone Bed: Amazon
HabitShare App: Website
Full Show Notes
(00:19) Who Is Patrick McGinnis?
(02:40) How He Coined the Word 'FOMO'
(06:39) The Actual Definition of 'FOMO' From Its Creator
(08:41) How to Remember That Social Media Is Not a Real Representation of Life
(11:09) Are You Part of the 80% That Sleep With Their Phone Next to Them? Do This Instead
(12:40) Things You Can Do to Lighten FOMO Anxiety
(15:30) Was There FOMO Before Social Media?
(17:40) Core Drivers of FOMO
(18:28) What Is FOBO and Is It More Positive Than FOMO?
(20:42) How Do You Balance FOBO With Healthy Optimization? (A Decision-Making Hack)
(27:02) The Difference Between Maximizers and Satisficers
(28:59) The Great Resignation: What You Should Do Before Quitting Your Job
(34:46) Should You Have a Successful Side-Hustle Before Quitting Your Job?
(38:20) A Funny Hack for Getting Better Treatment at Restaurants
(39:14) Making Meditation a Habit That Actually Lasts (Competitive Meditation)
(44:38) Productivity Hack: Getting a Proper Home Office
Connect with All the Hacks
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Chris Hutchins: Twitter | Instagram | Website | LinkedIn
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