← The $100 MBA Show
The $100 MBA Show
MBA2498 Q&A Wednesday: I'm always experiencing FOMO. How can I be more disciplined?
00:11:02
Wondering how to get rid of that nagging fear of missing out (FOMO) and stay disciplined in your business endeavors? You're not alone. Many entrepreneurs and professionals face the challenge of balancing invites, opportunities, and social commitments, all while trying to maintain productivity and focus on their goals.
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Transcript15 lines
- [00:00]
Omar Zenhom
Introducing Instagram Teen Accounts. A new way to keep your teen safer as they grow. Like making sure they've got the right gear for riding. Knee pads.
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Ken
Check.
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Omar Zenhom
And helmet.
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Ken
Done.
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Omar Zenhom
See you, dad. New Instagram Teen Accounts. Automatic protections for who can contact your teen and the content they can see. Next level Pet People give their dogs next level protection from parasites with nexguard Plus, a Foxalonner, Moxidectin and Pyrantel chewable tablets. The one and done monthly treatment protects against fleas, ticks, heartworm disease, roundworms and hookworms. Nexguard plus comes in a tasty beef flavored chew so you don't have to use next level tricks to get your dog to take it. Use with caution in dogs with a history of seizures or neurologic disorders. Dogs should be tested for existing heartworm infection prior to starting a preventative. Talk to your vet about Nexscar plus for next level protection for your dog.
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Ken
Hey oh. Welcome to the $100 RMBA Show. Helping you get your business where you want it to be with our practical business less lessons. I'm your host, your coach, your teacher, Omar Zenholm. And today's episode is Q and A Wednesday where we answer a question from one of you, one of our listeners. If you got a question you want to ask, go ahead and email me over@omar mba.net Today's question is from Ken and Ken asks. I'm always experiencing FOMO fear of missing out. It's hard for me to say no to invites opportunities, whether it's business or even social. I'm finding that this is affecting my productivity and my ability to get ahead in my business. How can I be more disciplined? Ken the fear of missing out or FOMO is something many of us struggle with, especially in the age of social media and constant connectivity. People can reach out to you, they can contact you, they can get a hold of you in so many different ways, which means they can distract you in so many different ways. Don't worry, I've got your back. I got some practical strategies to help you become more disciplined and overcome fomo. Let's get into it. Let's get down to business. A word of warning. This episode is going to be a little bit in your face. Okay? It's a little bit of tough love and only because I know what it feels like. I've been there before and you just need to be told the truth. This all comes from a place of caring and wanting to see you succeed. Ken and anybody else who is going through this first Thing you need to do is you need to identify what your priorities are. And when I say priorities, I'm not talking about 20 different things. I'm talking about what are the top three priorities of your life? What are your main goals and objectives? You gotta get real, okay? You gotta get face to face with the reality that you can't do everything, okay? And this trying to do everything and be a part of everything and saying yes to everything, it hasn't worked for you. And in fact, I haven't seen it work for anybody, okay? So we gotta get real with ourselves. Do you care about building your business? Do you care about your professional success? Do you want to become something better than you are today? If you do, you have to prove to yourself that it's a priority by the actions you take. Right now, I'm telling you the truth is you are not making your business a priority. Now, if you're listening to this and you're getting a little riled up or you feel like I'm wrong, ask yourself this question. Why have you prioritized the other things that you've been invited to or have done instead of your business? Why have you actually not done what you're supposed to do in terms of taking care of what you want to do in your business, growing it, spending time, developing yourself so you're a better entrepreneur? Why have you not done it? And you're going to list me a bunch of other things and you're going to say, I'm too busy. You're going to say that I care about my friends and my family and that there's other obligations I have. There's the truth. Those things are more of a priority, at least for now, because you are prioritizing them in terms of your time. We all have 24 hours in the day. You are choosing to spend those 24 hours in a certain way. There's no right or wrong answer here. I'm not scolding any anybody for choosing to spend their 24 hours differently. If you want to spend all your waking hours playing video games and watching Netflix and eating popcorn, that's you, man. Go for it, enjoy it. It's your life. It's your choice. That's how you want to spend your time. And I'm not here to tell you to do otherwise. But I'm here to tell you if you are really interested in starting a successful business, growing that business, being financially independent, then you have to change your priorities. It has to be a priority in your life. So the first step is you need to say, these are the top three things that are important to me and rank them. Number one is more important than number two, and number two is more important than number three. So let's say your main goal is to grow your online business. Write it down, keep it visible, put it on a piece of paper, put it on a post it note, stick it on your monitor, put it on your computer, make it the wallpaper on your phone. If that's number one, what's number two? Your health. What's number three? Your family. And here's the kicker. The reason why I say only three is because you really can't be great at more than three things at a time. This is my experience in life. This is my experience in seeing other great people succeed in the world. So choose three. For me, my three, in no particular order, is my work, my business, my craft, my family. I'm talking about me, my immediate family, and my health. That's it. Why is this important? Because you are going to have to make choices all the time between those three priorities and something else. So if somebody invites you to a party and you haven't done what you're supposed to do for your business, like create a piece of content, a blog post, a video, create your sales strategy, outline your webinar that you're going to do to be able to bring in new customers, whatever it might be, you're going to get an invite to a party. You're going to be asked to help somebody move. You're going to be asked to go out and go shopping with a friend you haven't seen in a long time. You're going to have to make a choice, okay? And you might be saying, well, maybe I can do that and then come back and do the business. Well, in that moment, you have chosen your priorities. You're saying one thing and doing something else. So I'm telling you, be real, choose your priorities. If your friends are more important than your business, then put that in your top three and just be honest with yourself. And if it isn't, then you need to act upon what you say. And it's very hard for you to act upon what your priorities are if you don't know what they are. If you don't have them right in front of you. Now listen, if you have fulfilled all your obligations to your top three priorities and somebody reaches out and say, hey, let's go shoe shopping and you got free time, go ahead, enjoy yourself. You're not choosing between your priorities now and something else. Number two, you want to stay Disciplined. You need to use a schedule, a calendar, Okay? I can't tell you how many entrepreneurs I met, how many professionals that are working in corporate jobs that don't use a schedule. They don't have a calendar. Okay? I've always said this. Your time is your greatest asset. You can't make more time. The minute that just passed right now as you're listening to this podcast is gone forever. Okay? You are a minute older now. You have one minute less left in your life. That's the reality. I don't want to be morbid here, but this is the truth. The truth is, is that every minute of your life is like a credit. It's like how much value you have left. Knowing how you're going to spend your time during each day is going to allow you to plug in those priorities that we talked about earlier, plan out your day in advance, and allocate specific time blocks for your most important tasks. I do this every single morning. I start my day with about 15 minutes of planning. It doesn't take long. It's only 15 minutes of planning. So what I like to do is I write down all the things I want to get done in my top priorities. So I have my three top priorities. How am I going to do things to contribute to my top priorities? So some things on my list might be the gym, recording a podcast, planning out my next lesson for the a hundred dollars MBA course, taking a family member to a doctor's appointment, whatever it might be. I write down all the things I want to get done today, and then I circle what are the things that are must that If I don't do these things today, then it's not a win, it's not a good day. And what things can I do tomorrow or next week that are not time sensitive? It takes me 15 minutes to kind of brainstorm, write these ideas down in my notebook in my journal. And this allows me to have a clear schedule of items that I need to get done. And then I pop them in my calendar, and I know exactly when I have to do what. And in those time blocks, I know that I need to be in a distraction free zone. That means no social media on my phone, no social media on my computer. If you don't know how to control yourself, there's a great web app called Newsfeed Eradicator. It blocks all your social newsfeeds. This makes things so much easier. Okay, we each owe 15 bucks. Can you cover me? Payday can't come soon enough. Haven't you heard? With Gotobank. Payday comes early. Plus no monthly fees with eligible direct deposits, which means more money for me.
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Omar Zenhom
Wow, that sounds less like a bank.
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Ken
And more like my new Go to.
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Omar Zenhom
You don't need a big bank making you feel small. You need a Go to tap to open a Go to bank account today. Early direct deposit availability depends on payer type, timing, payment instructions, and bank fraud prevention measure. No monthly fees with eligible direct deposit. Otherwise, $5 per month. And we're back, folks. It looks like Jim from sales just got in from his client lunch and he's got receipts.
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Ken
His next meeting is in two minutes. The team is asking, can he get.
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Omar Zenhom
Through his expenses in that time? He's going for it. Is that his phone? He's snapping a pic. He's texting Ramp.
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Ken
Jim is fast, but this is unheard of.
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Omar Zenhom
That's it. He's done it. It's unbelievable. On ramp expenses are faster than ever. Just submit them with a text. Switch your business to ramp.com.
- [09:47]
Ken
My next tip is to focus on your own journey. Comparing yourself to others is a major source fomo. Remember that everyone's journey is different. Everybody's on a different journey. Focus on your own progress and make sure you celebrate your achievements, no matter how small. Entrepreneurs are actually really bad at this, at celebrating wins, but you need to make this a practice. This shift in perspective can help you feel more content and less concerned about what others are doing. What I do is in my journal. I keep track of my wins. I force myself to write down what was a win from yesterday, what was my biggest win. And that could be something like, I went to the gym even though I didn't feel like it that day. So every day I'm writing the win from yesterday. And what's a good thing to do is every once in a while, every few days, maybe every week, you can go back and read all your previous wins, reflecting on your journey. Reflecting on those wins keeps you motivated and keeps you going for more wins. All right, here's my final tip before I wrap up. And it's a good one. Find an accountability partner. Having someone to hold you accountable can really boost your discipline. Not only do they hold you accountable, but you feel obligated to hold your word, you know, to be respectful of that relationship. This could be a friend. It could be a colleague. This could be a mentor who checks in on you regularly to make sure that you're on track. For me, it's Nicole. Nicole's my business partner and partner in life, and we act as accountability partners. For each other. She knows my goals, I know her goals, she knows what I'm trying to get done this week. I know the same for her and we check on each other regularly and discuss her progress. This mutual support helps us to stay disciplined, allows us to stay away from FOMO and focus on our priorities and when needed, she keeps me in check and tells me, hey, you said you wanted to get this done. Why haven't you really spent a lot of time this week on that? And I return the favor as well. So Ken, FOMO is not something that's incurable. You can overcome it. You just got to get real about what you want out of life and then set some systems around the ones I just shared with you today to help you implement, to help you stay on track, to help you stay disciplined. Like you mentioned, thanks so much for asking your question, Ken. Super helpful for you to ask it in public because others are going to benefit from today's advice as well. If you're listening and you got a question you want to ask, go ahead and email me over at omar100mba.net and I'll make sure to answer it right here on Q and A Wednesday before I go, I want to leave you with this. Remember, it's all about setting clear priorities, creating a structure and a schedule, setting boundaries, being mindful of what you're doing and focusing on your own journey. And don't forget to reward yourself along the way and thank your accountability partner for holding you accountable. Thanks so much for listening and I'll check you in the next episode. I'll see you then. Take care.
- [12:52]
Omar Zenhom
Got a 7am meeting on a Monday Expensing breakfast because it's in policy. Yay. Wasting all afternoon submitting an expense report for that breakfast. If your company used Ramp, you could submit expenses with just a text. Yay. Free your team from expense reports today. Switch your business to ramp.com.