Winning the Financial Game: How to Overcome FOMO and Stay in Control

Tim Borody, CPA, CMA, CFP, Investment Advisor, Advice First Wealth – June 10, 2025

One of the biggest threats to financial success isn’t just bad decisions—it’s the fear of missing out (FOMO). As the principle suggests: "Stay alert, practice self-control, and don’t let FOMO drive your decisions to protect your long-term success."

FOMO is a powerful force in money management. Whether it’s jumping into the latest investment trend, overspending to keep up with friends, or rushing into a financial decision out of fear of missing an opportunity, acting on impulse can lead to regret. When emotions drive financial choices instead of logic, the results are often disappointing.

The key to overcoming FOMO is self-control. Just because others are making a certain financial move—whether it’s buying a new car, investing in a trending stock, or spending on luxury experiences—doesn’t mean it’s the right decision for you. True financial success comes from patience, careful planning, and sticking to a well-thought-out strategy.

Staying alert means questioning whether an opportunity aligns with your long-term goals. Are you making this decision because it’s financially sound, or because you’re afraid of missing out? Avoiding impulse-driven decisions and focusing on what truly benefits you in the long run will keep you on the path to financial security.

By staying aware, practicing self-control, and resisting FOMO-driven decisions, you build a strong financial foundation—one that leads to lasting success and peace of mind instead of stress and regret.