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The Greg McKeown Podcast

8. What's Essential: The #1 Reason We Struggle with FOMO with Patrick McGinnis

The Greg McKeown Podcast

Greg McKeown

Self-improvement, Business, Education

4.91K Ratings

🗓️ 20 July 2020

⏱️ 64 minutes

🧾️ Download transcript

Summary

Patrick McGinnis, creator of the term FOMO, and Greg discuss the anxiety we all sometimes feel, globally known as the fear of missing out. From its roots as a biological response to a term amplified in culture through social media, this episode helps us to understand how to combat this feeling through practical decision making, prioritizing what is essential, and turning FOMO into a positive mindset. Share the What’s Essential podcast with your co-workers & friends and earn rewards: https://refer.fm/essential 1 Referral - Access the exclusive "Tim Ferris" episode 3 Referrals - 21-day Challenge PDF  15 Referrals - $10 digital gift card you can use at stores like Real Simple, Container Store, etc. What's Essential Podcast Twitter: https://twitter.com/essentialismpod Facebook: https://www.facebook.com/essentialismpodcast   Greg McKeown Twitter: https://twitter.com/gregorymckeown LinkedIn: https://www.linkedin.com/in/gregmckeown Instagram: https://www.instagram.com/gregorymckeown/   Scratch Audiohouse Instagram: https://www.instagram.com/wheelhousegroup/ LinkedIn: https://www.linkedin.com/company/wheelhouse-group-llc/   Credits: Hosted by Greg McKeown Produced by Greg McKeown and Scratch Audiohouse Executive Produced by Greg McKeown, Avi Gandhi, Brent Montgomery, and Ed Simpson Co-Produced by Paul Dizon

Transcript

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0:00.0

I am delighted to have Patrick McGinnis here, venture capitalist, extraordinary, but almost certainly best known for coining the term fear of missing out in an op-ed that you wrote when you were at Harvard Business School and we

0:18.6

will get more to that.

0:20.6

Just wrote a book, FOMO, same name, same thing, but really trying to wrestle with this

0:27.1

always universal problem that we all experience.

0:30.4

It is a delight to have you on the show. It's so great to be here, Greg.

0:34.0

Thanks for having me.

0:35.0

So let's start at the beginning.

0:38.0

For those that haven't heard it, it's hard to believe anybody hasn't,

0:41.0

but what is FOMO define it for us and and then tell us how it came to be?

0:47.6

So FOMO, short for fear of missing out, is an anxiety that we feel when we have the perception that there is something better out

0:55.6

there than what we're doing at the moment. And it is also stress that's created by a concern

1:01.1

that we may be excluded from a favorable group activity or opportunity.

1:05.2

Now what does that really mean?

1:06.2

It all means that in this time that we're living in, we look at our phones, we go online to

1:12.0

LinkedIn, we see what other people are doing and we think to ourselves

1:16.0

wow I'm just you know what am I doing with my life all these other people are doing things that are more

1:20.4

interesting than I am and I'm going to fall behind.

1:23.6

And so that is a fundamental nature of FOMO.

1:26.6

It's something that has been part of the human experience for a long time in one form or

1:30.7

another, but of course the word itself comes from the year 2003 and the story behind

1:37.7

FOMO is basically this. I was living in New York City right out of college college, working in venture capital, and I lived through the

1:45.2

tech basically implosion of 2000, 2001.

...

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