What are some common myths about work-life balance in Corporate Finance?

1 Myth 1: Work-life balance is a fixed ratio

One of the most common myths about work-life balance is that it is a fixed ratio of hours spent on work and hours spent on personal life. However, this is not realistic or helpful, as different situations and priorities may require different levels of attention and commitment. Work-life balance is not a one-size-fits-all formula, but a dynamic and flexible process that depends on your goals, values, preferences, and circumstances. Instead of trying to fit your life into a rigid schedule, you should focus on finding a balance that works for you and your stakeholders.

2 Myth 2: Work-life balance is the same for everyone

Another myth about work-life balance is that it is the same for everyone, or that there is a universal standard or benchmark for what constitutes a good balance. However, this is not true, as different people have different needs, preferences, and expectations for their work and personal life. What works for one person may not work for another, and vice versa. Work-life balance is a personal and subjective concept, and you should not compare yourself to others or feel pressured to conform to external norms or expectations. Instead, you should define what work-life balance means to you and communicate it clearly to your colleagues, managers, and family.

4 Myth 4: Work-life balance is a static state

Another myth about work-life balance is that it is a static state, or that you can achieve it once and for all. However, this is not true, as work-life balance is a dynamic and ongoing process that requires constant monitoring and adjustment. Work-life balance is not a destination or an end goal, but a journey or a continuous cycle. Instead of thinking that you have reached or lost your balance, you should think of balance as a spectrum or a range, and be prepared to adapt and recalibrate your balance as your situation and priorities change.

6 Myth 6: Work-life balance is a luxury or a privilege

Another myth about work-life balance is that it is a luxury or a privilege, or that you have to earn it or deserve it. However, this is not true, as work-life balance is a necessity and a right, and that you have to claim it and protect it. Work-life balance is not a bonus or a perk, but a requirement and a responsibility, for your well-being, performance, and satisfaction. Instead of postponing or neglecting your balance, you should prioritize and value your balance, and set and enforce healthy and realistic boundaries and expectations for your work and personal life.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?