Am I Overbuilding My New PC for Gaming and Video Editing?

I'm looking to buy a new PC but I'm pretty clueless about PC builds. I mainly play competitive games like CS2 and The Finals, but I also enjoy story-driven games like GOW, TLOU, and Horizon Forbidden West. Besides gaming, I'm a videographer, so I edit a lot of videos and photos using programs like After Effects, Premiere Pro, Lightroom, Photoshop, and Illustrator. I usually game at 1080p with a 144hz refresh rate and I'm not interested in 1440p or 4K. I'm considering a build with a Ryzen 5 7600X3D, 32GB RAM, a 2TB drive, and an RX 9070 XT. However, this setup comes to around 1700€, which is more than my budget of 1600€, ideally looking for something around 1300-1400€. Am I overspending on this build?