Fear of Missing Out on Cash

I’ve heard it argued, from many sources, that one of the reasons people become pen addicts is the inability to resist the Fear of Missing Out (FOMO).

A new product comes available, probably via Kickstarter, and you rush to get it. Then another one comes out and you rush to get that, too. You’re afraid you won’t have something that people you’ve never met have and are talking about on podcasts. If it’s a fountain pen, you need ink, so you rush to get the newest ink. (If it’s Kingdom Note ink, then you’ve probably acquired that from me, their unofficial global distributor.)

Suddenly you find you’ve got more pens and ink than you can use and you’ve also figured out which ones you don’t like and they’ve ended up in pen cases and boxes while you acquire new pens that you actually use, at least for a short time.

Eventually, though, you have to get rid of stuff and that’s when things get complicated. You know, for example, you don’t like the clear Kaweco Classic Sport you bought and used a couple times, but you suddenly can’t part with it because you’re not sure how much you should charge for it.

You’re not only afraid that no one will want it if you put it up for sale, which is kind of embarrassing, you’re also afraid you’ll miss out on one or two dollars if you charge less than it’s worth which will make  you feel foolish.

Intellectually you understand that any loss you take between what you paid and what you sell for counts as a kind of “rental fee” for the time you used the pen, but the emotional part of you is afraid of missing out. You want your money back and you’d rather have nothing for the pen than miss out on getting what the pen is worth.

In my case, I’ve got fifteen pens to sell, including an OMAS Ogiva, a couple Pilot vanishing points (including one from 1964 and a couple “faceted” versions) and a few others, but now I’m stuck on figuring out what to charge. Or, more accurately, I’m stuck on not actually wanting to get rid of them even if I don’t use them and I’m using price as an excuse.

That is part of addiction: knowing the right thing to do and then not doing it.  And then acquiring another pen because of the fear of missing out, even though it’s the wrong thing to do.

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