The âYOLOâ mentality has swept young adult generations. 1. But, both the YOLO mentality and early FI mentality have problems. It stands for "You Only Live Once." If this mentality influences college students to step outside of their comfort zones and change majors at the last minute to pursue something theyâre passionate about, we want to encourage it. But this is a perfect recipe for burnout. Care For Others I submit that the YOLO mentality is what is destroying the direction of Americaâs youth, not improving it. When youâre young, retirement is usually not top of mind. The healthy YOLO approach says you only live once so take care of your mind and body. A silo mentality is the unwillingness to share information or knowledge between employees or across different departments within a company. Prioritise good quality rest, exercise and nutrition and you will find plenty of time to do what matters. Is the YOLO (You Only Live Once) Mentality Dangerous for Your Finances? The classic YOLO approach says sleep is for suckers. YOLO grew like a parasite and infected almost everyone, and just like parasites, YOLO should be destroyed. The catchphrase "YOLO," (you only live once) has become a bit of a cultural sensation. "Yolo" is a popular acronym used these days as a take on "Carpe Diem," or seize the day. Fund a retirement account, take advantage of any employer match and increase savings whenever possible. Here are three simple steps to take so that a FOMO and YOLO mentality does not jeopardize retirement. I admit itâs not very scientific, but I donât think that many of us grow up thinking to ourselves about our own mortality and the limits that we may have put on our lives. Scarcity, meaning that thereâs not enough of something, that if you donât get yours, itâs going to go away. You Keep Opening Bottle After Bottle. First, pay your future first. You only live once so donât waste it asleep. Published or updated March 28, 2013 by Miranda When you are young and of limited means, access to experiences can be few and far between â at least without debt . It is hardly a new idea. Itâs Friday and youâre chilling with the gang, knocking back more than your fair share. The Latin poet Horace coined the phrase "Carpe Diem" in 23 BC. YOLO promotes the idea of enjoying the present and living fully the NOW. In high school, factors such as peer pressure and mob mentality pushes people to make bad life decisions such as drinking or doing drugs. So you open bottle after bottle, just to ⦠Life is short, we all know that, and we â well, most of us â want to live life to the utmost fullest, in turn getting everything we can out of life. I know life is short but I donât feel brave enough to do anything drastic. With the new YOLO mentality, many people have the excuse they need to live carelessly, and in a state of constant satisfaction, and they think that means that the world is getting better. It has implications of it being okay to make stupid mistakes because each and every one of us lives once, we think. Itâs too far ahead, like 30-40 years from now. Itâs all about scarcity. Youâre having such a good time that you donât want to leave. The YOLO mentality. YOLO mentality I often get antsy thinking I need to uproot and be more adventurous, since I wasted 35 years in a cult. YOLO, meaning You Only Live Once is a popular saying among the Gen Ys and Zs, which constitute more than 50% of our population. As a senior citizen, I have the ability to look back on my own life and think about my own approach to the YOLO mentality. The Danger of Money Scarcity. In some instances, the idea of âYOLOâ pushing people to take risks is positive. Here are 9 signs YOLO is going to cost you your future.