205 - Financial FOMO: The Dangerous Trap of Investment Envy

Are you constantly chasing the next big investment opportunity? Do you never feel content with your current financial situation? Financial FOMO, or the fear of missing out, can trap us in a cycle of dissatisfaction, envy, and greed. In this episode, Bob and Shawn expose the dangers of the “Financial FOMO” mindset.

Unfortunately, companies and media use financial FOMO to manipulate consumers into overspending and taking on debt. The antidote we recommend? Finding contentment in Christ, practicing gratitude, and focusing on reasonable returns rather than chasing the latest trends to help try and live a more fulfilling and financially stable life.

*Christian Financial Perspectives Episode 205*

*VIDEO CHAPTERS*
0:00 - Introduction
04:06 - Fear of missing returns
04:53 - Switching advisory firms
06:36 - Comparing to others
07:24 - Coveting
08:19 - Becoming Greedy
09:14 - Hurts relationships
09:33 - A need for control
10:30 - The grass is greener somewhere else
12:10 - A jumper mentality
12:30 - Robs of contentment and happiness
12:45 - How financial Fomo is used
13:04 - Commission based advisors
13:27 - The media
13:57 - Entertainment
15:10 - Financial channels and websites
15:53 - Credit card companies and lenders
17:15 - Find contentment in Christ
17:37 - Contentment in the things you have
18:00 - Contentment in reasonable returns
19:28 - Conclusion

_About Christian Financial Perspectives_
Christian Financial Perspectives covers everything from “Investing in stocks, mutual funds and ETF’s” to “Planning for Retirement” to “Buying Investment Real Estate” to “Creating a Family Legacy” from a Biblical Worldview. The Bible has over 2000 scriptures that speak wisdom into how Christians can successfully structure their finances for a victorious life that honors God. Most people do not realize that Jesus spoke more about stewardship than Heaven and Hell combined.

_About Christian Financial Advisors®_
Christian Financial Advisors® is headquartered in Central Texas and serves clients nationwide with offices in New Braunfels and Boerne, Texas. Our focus is guiding you toward your financial goals by integrating values based advice into financial planning, retirement planning and investment management.

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_* Investment advisory services offered through Christian Investment Advisors Inc dba Christian Financial Advisors, a registered investment advisor registered with the SEC. Registration as an investment advisor does not imply a certain level of skill or training. Comments from today’s show are for informational purposes only and not to be considered investment advice or recommendations to buy or sell any company that may have been mentioned or discussed. The opinions expressed are solely those of the hosts, Bob Barber and Shawn Peters, and their guests. Bob and Shawn do not provide tax advice and encourage you to seek guidance from a tax professional. While Christian Financial Advisors believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability._