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- FREE Cash Flow Calculator
Ep. 182: Overcoming FOMO: Avoid Unnecessary Spending and Business Purchase Regrets
In this episode of Your Money Your Life, I, tackle a common issue many female entrepreneurs face—impulsive buying due to FOMO and ending up with unneeded subscriptions.
Sharing a real client dilemma, I delve into practical strategies to curb these habits, such as understanding our true needs, trusting our instincts, and implementing the 24-hour rule. Additionally, we discuss how to align business practices with our personal power to avoid making decisions out of fear or the need to keep up.
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Resources
- Cashflow Calculator: https://aimeecerka.com/cashflow
- Instagram: https://instagram.com/aimeecerka
- Holiday Sale: https://aimeecerka.com/holiday
- The Unstoppable Experience: https://aimeecerka.com/unstoppable
Podcast Key Points
0:00 – Episode Overview
2:43 – You have all the pieces
10:11 – Practical application – 24-hour rule
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Have You Bought Things You Don’t Need?
Have you found yourself buying things that you don’t really need? Or maybe you realize later that you didn’t actually need it? Have you ended up with duplicate subscriptions and felt buyer’s remorse because of FOMO? If so, today’s episode is perfect for you. I’m answering a question I got from a client a couple weeks back about like, what do I do?
Why Do We Buy Too Much?
So, what she said was, I find myself signing up for courses, buying business related stuff, having FOMO that I’ll miss something that I need. It’s resulted in me being overburdened with courses to complete, pay for too many subscriptions for stuff possibly unneeded. Help, like, I can’t stop this, I can’t do this. What do we need to do? Because I need to be able to break free from this.
Understanding FOMO
When FOMO shows up for us and we end up buying things that we don’t actually need, we feel like we’re missing a piece of the puzzle. We’re trying to fill that piece. Whatever it might be, it might be this new strategy you haven’t tried. It might be a new tactic. Oh, it’s this perfect script that’s going to unlock everything, right?
Finding What Works For You
There’s not one way to build your business. There are so many different strategies out there, and they all work. It’s about which one works for you. But there are things you can do and things you can optimize. It’s really your business and it will take off when you step into alignment.
Learning to Trust Yourself
Learn to trust yourself and take a step back. Even if there’s only five spots left, or whatever the fast action thing is, if it’s not something you were looking for already, sit for a minute. Take a step back. Ask yourself, “Is this something that I really need? Is this something that I really want?”
It’s Okay to Be Uncomfortable
Sometimes things are really uncomfortable and they can be hard. But every step, when you can learn to trust yourself, when you can do those things and make choices from a clear space, not from head knowledge, the FOMO slips away and it’s so freeing. All the choices you’ve made have brought you to where you are now. You wouldn’t be able to do what you were called to do in the future without these experiences.
The 24-Hour Rule
The practical step is the 24-hour rule. Set a dollar amount. For example, anything $100 or more, you have to wait 24 hours before you purchase it. It gives you space to step back. If it’s something you truly want, you’ll still want it in 24 hours.
Bundles and Intentions
When looking at bundles, set the intention beforehand. Find resources that match this intention. Don’t download everything, just what you need. This is how manifestation works. It helps to set an intention to look for the things you want without getting too focused on it.
Execution Lab and Feedback
If duplicate subscriptions are an issue, Execution Lab can help. If one of those things shows up, send me a message on Instagram. Let’s chat through it and see if we can help you move forward. If you still have questions, I love to hear feedback. The podcast is officially three years old, thank you for being here.
Grab My Cash Flow Calculator
Are you tired of not seeing consistent cash flow? My cash flow calculator might be perfect for you. This assessment style calculator reveals your blind spots so you can finally see consistent cash flow month after month. It only takes 90 seconds and you won’t need to know any of your numbers to do this. Go to aimeecerka.com/cashflow to access.