Recently, I’ve been reflecting on the idea of balance. I often travel overseas to visit clients, but I also try to include visits with family, friends and colleagues that I’ve made and tried hard to stay connected with.
We often hear about work-life balance, but this concept can be quite limiting. It suggests a separation between work and life, whereas both are integral parts of our overall experience. Through both work and life, we get to express our values, deepen relationships, expand our interests, and challenge or reinforce our beliefs.
I always try to hold a view that acknowledges a blend of our professional and personal lives, health, interests, and overall fulfilment shapes our well-being. And, from this, remind myself that I already have enough! It’s not something I have to achieve; it’s something I need to enjoy.
This, then, means that balance is not about a perfect 50/50 split; rather, it’s about finding harmony and satisfaction in each area of our lives. It involves understanding what matters most to us and taking deliberate actions to maintain equilibrium across these facets.
At Northern Cross Wealth, when we work with clients, we find that helping them reflect in this way isn’t just a casual introspection; it’s a crucial exercise that can yield surprising insights and guide them on where to channel their energy and focus.
One key area where balance is essential is financial planning. Financial health is a critical component of overall well-being, but it should not come at the expense of other important aspects of life. Striking a balance between saving and spending, between securing your future and enjoying the present, is vital for achieving a fulfilling life. Even more so when you have a portfolio (and family!) that spans more than one country or continent.
This is where the concept of holistic financial planning comes into play. It’s about aligning your financial goals with your personal values and long-term aspirations. Are you saving enough for retirement while still enjoying quality time with your family? Are you investing in your health and well-being without compromising your financial stability? These are the questions that a balanced financial plan seeks to address.
Maintaining balance also requires a high degree of self-awareness. As M. Scott Peck wisely noted, “I learned, however, that the loss of balance is ultimately more painful than the giving up required to maintain balance. It is a lesson I have continually had to relearn. As must everyone.” Self-awareness allows us to recognise when we are veering off course and make the necessary adjustments to restore balance.
Developing self-awareness can be achieved through various strategies. Reflective journaling, for instance, is a powerful tool for gaining insights into our thoughts, feelings, and behaviours. By regularly documenting our experiences and reflecting on them, we can identify patterns and make informed decisions that promote balance.
Those airport waiting times can be ideal opportunities for this!
Achieving a balanced life is about more than juggling work and personal commitments. It involves a deep understanding of your values, goals, and what truly brings you satisfaction.
Remember, balance is a continuous journey of adjustments and learning. Embrace it, and let it guide you to a life filled with harmony and fulfilment.
