So this topic has hit our forum many times. I am not totally sold on the fact that over-thinking is negative. The more we view different thoughts, and our thoughts are sometimes are all interconnected, the more we get on board with who we really are, and how we react and respond to situations, and even triggers. If we know certain issues cause us to overthink, don't we become better at analyzing our patterns of thinking? (Happy new year to everyone).
There can be a phenomenon where there is "paralyzation by analyzation" that occurs when the fear centers are also triggered. The emotional centers are sometimes our worst enemy when it comes to risk analysis. Whether you are going to parachute out of a plane for the first time, are investing your money into a potentially great opportunity, or walking across the room to introduce yourself to someone you are attracted to, those emotional centers are generally inhibitory.
We only become better at analyzing when we have overcome our fears at one time or another, and/or when we have accomplished previous goals. If you don't take risks in life, you aren't going to have those positive "dopamine hits", gain confidence in your abilities, and you might not fully understand what you are capable of or who you really are.
Whenever I compare my decisions in life, my risk analysis, with say, some of my co-workers:
1. I was one of the first people to have solar panels and battery storage in my county. Even my installer was inexperienced with battery storage and was hesitant. Now, some 8 years later, after pulling the data from my home and others, solar + battery makes up nearly 90% of his business. Most people I talk to are amazed at the money I am saving, yet will create every excuse in the world why they would not make that investment, even when it is installed for "zero down", and would rather be paying significantly more for their electricity from a centralized utility company.
2. Once I realized my electricity meter was spinning backwards all day and had banked up thousands of dollars in net metering credits that I was never going to spend, I realized I have a "fuel station" on my roof. Why am I spending several hundred dollars a month on gasoline and continuous maintenance on gas-powered vehicles when I can plug in at home, and never see a gas pump or service center again? 6 years later of driving 2 "expensive" Teslas I am saving myself several hundred a month, compared to the "inexpensive" gas-powered vehicles I was driving before. The type of money I can put into other investments. I bring this up to co-workers, "I'm not driving that electric crap." OK, keep being dependent upon gasoline and keep spending your money at service centers.
3. I invest heavily in stocks, my retirement accounts, and precious metals. I do not keep much money in a savings account, although I keep a minimum balance for emergencies. We keep just enough in our checking to pay our bills and live comfortably, but we don't have a bunch of money we keep "fallow" in low-interest accounts. I have stocks that average 50-200% year over year. The S&P 500, my retirement accounts are based upon, is only around 8-12%, year over year. Savings accounts are roughly 3%. So, obviously, I dump my money into my stock portfolio. We don't spend our money on frivolous things. We live a pretty minimalist life. Yet, when I talk to my co-workers, they would rather spend their money on boats, camper trailers, snowmobiles, expensive vacations, and then complain that they never have money to put into their retirement accounts, are just too strapped with bills, and the stock market "is just too risky". Fine, be up to your eyeballs in debt and monthly bank payments if you find that "less risky".
One thing I don't have is fear of taking risks, and they have paid off significantly. I am highly independent in my thinking, I rarely listen to other's cognitive biases, and anything I can do to NOT be reliant upon "the establishment", the more freedom I feel.