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Finance Flash Go! Episode #67: Analysis Paralysis

Today on the Finance Flash Go! podcast, we are talking about analysis paralysis.

Listen to the full episode and subscribe here!

Analysis paralysis can seriously impede our ability to make progress in our lives. Personally. Professionally. Financially. With friends, family, colleagues. The list goes on and on…

It is also super common. I have never asked one person who hasn’t admitted to suffering from analysis paralysis in one form or another.

And it is hard to resist. Evolutionarily, analysis paralysis makes sense. We are a loss adverse species in which losses hurt a lot more than wins give us pleasure. We are hardwired to scrutinize the decisions we make with an emphasis on not making the wrong one.

Where does analysis paralysis come from?

analysis paralysis

And that is what the driving force of analysis paralysis is…fear!

How often have you seen someone who is deciding between two good things? It really can be anything.

Maybe it’s something serious like the decision to pay down debt or invest in index funds…both options are great.

The key to overcoming is trusting yourself.

You need to learn to trust yourself. You will know what the right move and decision is. Your heart or gut or soul or whatever you want to call it will be telling you. Meanwhile, your cavewoman brain will still be wrestling to try and protect you.

Like so many things in this world, analysis paralysis is not one of those things that you conquer once and for all.

It’s a constant effort.

But it does get easier. Once your have developed the tools, you become more adept at implementing them when the time arises.

Related posts:
10 Reasons a Hybrid Investing Approach is Best
How to Find the Perfect Balance Between FIRE & YOLO
5 Easy Steps for Physicians Who Hate Personal Finance
Finance Flash Go! Episode #45: Small Cap vs. Mid Cap vs. Large Cap Stocks
My Stock Portfolio Is Better Than Your Financial Advisor’s
Stress Free Stock Market Investing Is Easier Than It Seems!
Important Money Lessons That I Learned From My Wife
Finance Flash Go! Episode #44: Understanding Growth vs. Value Stocks

I really hope that you all enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected].

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    Jordan Frey MD, a plastic surgeon in Buffalo, NY, is one of the fastest-growing physician finance bloggers in the world. See how he went from financially clueless to increasing his net worth by $1M in 1 year and how you can do the same! Feel free to send Jordan a message at [email protected].

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