Skip to main content

Check out our 3Q2024 Market Review and Investment Outlook for the remainder of 2024

Young upset businesswoman sitting on chair with briefcase

Why You Might Want To Give Up Trying To Balance Work and Life

Photo of author, Will Carter, JD.
Will Carter, JD
Senior Advisor
One of the concerns clients often raise with McKinley Carter advisors is how to achieve a healthy balance between activities that are associated with improving their financial situation (e.g., education, job, career, business) and their obligations to take care of themselves, their family, and their communities.

There is no single answer for how to manage these competing demands, but we do encourage them to reframe the question – away from the notion of “balance” and toward the notion of “blending.”

The concept of balancing (anchored in physics and math) orients thinking around re-allocating within a finite world – as with a seesaw, less of one thing means more of another, also called “zero sum.” And since the time we have to take care of our concerns is in fact finite, it is a perfectly valid approach to the challenge that way.

But it may not be the most powerful approach. Orienting around the concept of “blending,” or “integrating” (anchored in chemistry and biology) competing uses of our time may open our clients’ minds to new possibilities for how to manage the challenges of taking care of self, family, and career.

I have found that framing the question this way invites creative thinking about how to combine components in ways that might produce entirely new sets of possibilities – not just re-allocating resources, but actually creating something that includes but also transcends those components.

An article from the Harvard Business Review illustrates two of the core practices of thinking in terms of blending competing concerns as opposed to balancing them – conversation and commitments.

We cannot manage time, which rolls on without regard for human intention. We can, however, manage our commitments. And we are likely to do a better job of that if we force ourselves to explore how to specify those commitments through conversations with others.

Why? Because we tend to make more grounded assessments about future plans when we know they are being heard by others than when we are just talking to ourselves. And there’s nothing like a conversation between mutually respectful spouses to “keep it real."
Related Insights
I Stock 2147490069

5 Actions to Finish 2024 Strong

Fall is by far my favorite season. One reason why is because it's the time of year we, at McKinley Carter, begin our budgeting and outlook planning for the upcoming year. It is a time for us to assess progress, address things that need attention, and make adjustments as needed. We use what we have learned to help make decisions that put us in the best position to succeed, so that we can continue to do the work we love with clients and our community. We have similar conversations with our clients ― talking through year-end strategies to help them finish strong and be best-prepared for the year ahead. Knowing they have a sound financial plan to act on allows our clients to spend more time focusing on the things that provide them with meaning and purpose, a real return on life. Find out what five actions we like to discuss with clients to help them finish out the year in a strong, impactful way.

Read More
Happy group of young adults isolated over a white background

Why It's Never Too Early to Start Your Retirement Saving

Is it ever TOO early to start saving for one’s retirement? The answer to that retirement planning question is a resounding “NO” and here's why.

Read More
I Stock 1362838828 JMJ blog JUN2024

Combine Hobbies, Volunteering for More Purpose in Retirement

If you're a retiree, orienting your volunteer work around the things you do best could help you find new meaning and satisfaction in your hobbies, while also creating new social connections that will deepen your retirement experience. Learn more about the types of synergies that retirees can create between what they LOVE to do and what their community needs.

Read More
Play