YOLO, in case you don't know, stands for You Only Live Once. This acronym was even added to the dictionary! Think of it as a mindset. It's a way ...BETAThisisaBETAexperience.Youmayopt-outby clickinghereMoreFromForbesAug11,2021,09:39pmEDTSingapore’s50RichestOnForbesListSeeCollectiveWealthRise25%Aug11,2021,01:10pmEDT16TipsForCapturingMillennialAndGen-ZAttentionOnYouTubeAug11,2021,01:10pmEDT15CriticalQuestionsToAskToEnsureExternalCommunicationsAreOnPointAug11,2021,01:10pmEDT10BigLinkedInTrendsThatWillImpactHiringAndRecruitingThisYearAug11,2021,11:01amEDTHowTheToryBurchFoundationIsSupportingWomenBusinessOwnersAmidThePandemicAug11,2021,09:06amEDTNewReport:TenProvenActionsToAdvanceDiversity,Equity,AndInclusionAug11,2021,09:00amEDTBlackAndBrownStudentsAreInNeedOfSafeSpacesOnCampus!Aug11,2021,08:10amEDT13KeyConsiderationsWhenDeterminingWhetherToIncreaseSpeedToMarketEditStoryApr23,2020,10:55amEDT|WhatAreFOMOandYOLOTeachingUsaboutOurMoney?AndeFrazierSubscriberForbesMarketplaceFORBESMARKETINGProductmarketing.|PaidProgramLeadershipDetailedinformationaboutForbesbrandedproducts&services:Howtoorder,join,participateandbuy.POSTWRITTENBYAndeFrazierAndeFrazierCFP®,CLU,ChFC,RICP,BFA™,ChSNC,CDFA®authored 11ConversationsToHaveWithYourselfAboutLife,Money,AndWorth.SharetoFacebookSharetoTwitterSharetoLinkedinHowdoesFOMOimpactyourspending?BigstockPhotoToday,everythingissoeasytoaccessandnothingissecret.Wegoonsocialmediaandinstantlyseewhatourcirclesoffriendsandfamilyareupto,whatvacationstheygoon,whatmealstheyeat,andhowtheydresstheirfamilies.Then,justwhenwestarttocompareourselvestoeveryoneweareseeing,wegettargetedwithadstellinguswhatweneedtobuyandhowitwillmakeourlivesbetter. Socialmediamakeseverythinglookperfect.WearenolongerkeepingupwithJoneses,nowwearekeepingupwiththeKardashians.Andeverythingwecouldeverwantisatourfingertips.ThisnewstandardofcomparisonpairedwitheasypurchasingaccesscanleaveusfeelingtheneedtoYOLO(isthataverbnow?)orgivesussuchhorribleFOMOifwedecidetosay,“No.”YOLO,incaseyoudon’tkn