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Managing FOMO and FOBO when buying property
Manage episode 383847226 series 2921058
Konten disediakan oleh Jarrod McCabe. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Jarrod McCabe atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Buying a property is one of the biggest decisions of your lifetime. There’s a multitude of crucial practical and financial considerations to navigate prior to purchasing a property.
But what about the psychological perspective? It’s often overlooked, but it’s a critical aspect to consider when you’re on the hunt for a property.
Over the years, we've found two main mental barriers that trip-up property buyers, and can lead to poor purchasing outcomes.
Both were coined by venture capitalist, Patrick McGinnis in a paper he wrote at Harvard Business School - FOMO (the fear of missing out) and FOBO (the fear of better options).
Jarrod looks at how you can avoid FOMO and FOBO pitfalls when you’re in the market.
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