17: Work-Life Balance
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Welcome to Under the Radar,
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a show about independent iOS development.
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I'm Marco Arment.
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- And I'm David Smith.
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Under the Radar is never longer than 30 minutes,
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so let's get started.
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- I have a little hesitation there.
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You're almost at 15.
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- So this week we're gonna be talking about
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work-life balance.
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Both of us are independent.
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Both of us have had jobs before.
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And you did consulting for a while, right?
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- Yeah, I did only very briefly,
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so I'm not much of an authority on consulting, but you are.
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And so we kind of have these different job types
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and the work-life balance can vary a lot between them.
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You know, I think full-time employment,
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when you're working for somebody else,
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you have like a nine to five kind of job,
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at least you hope, sometimes it's worse than that,
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but that's generally what you're going for.
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When you're working full-time for somebody else,
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you are kind of not in control of your own work-life balance
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to most of the degree.
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But that might be a good thing sometimes.
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like, you know, the full-time jobs can span
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the entire spectrum from worst to best work-life balance,
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and it really depends on the job
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and the conditions around it.
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But when they're good, when you have a nice, easy,
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you know, or not easy, but when you have a good job
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at a well-run place working on something
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that's not totally crazy, that can usually offer
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the best and most consistent work-life balance
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among all the different employment types in our business.
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And that it's most likely to be a healthy work-life balance
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when you have a big, boring company
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that you're working for,
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working on probably something
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that isn't that interesting of work to you necessarily
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and that won't be the trendy, cool thing
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that all the Google people are talking about or whatever.
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Stuff that we wouldn't be talking about
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on our tech podcast in all likelihood.
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You work for a bank or an insurance company
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or something like that.
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We think of these jobs oftentimes as being boring,
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but boring can be really good in a lot of ways
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and it can really offer an incredibly healthy
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work-life balance if most of the time,
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you're not working incredibly long hours,
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you're not having to work on the weekends
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or when you're home or on vacation,
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you don't have to take work with you when you leave work.
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So when you have one of these jobs,
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that can offer an incredible work-life balance.
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And usually, again, it might not be the most cutting edge
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stuff in the consumer space that you're working on.
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You might not be building the next photo sharing app
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or whatever, you probably also won't strike it rich
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doing this kind of thing because you probably are working
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for a more mature, stable company where you're getting
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a typical salary for the kind of work you do.
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You're probably not getting a lot of stock or stock options
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or at least what you're getting will be fairly
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incrementally valuable.
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So there are downsides to this, but it can really provide
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incredible work life balance because really,
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once you leave work, generally you're done for the day.
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You don't have to be constantly on call,
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constantly doing things, answering emails,
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you know, at midnight when you're trying to go to bed
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and your boss is emailing you about crazy stuff like that,
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usually doesn't happen in these bigger companies.
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And they also can usually help manage vacation time
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a lot better.
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You know, like when you work for yourself,
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you know, you can take vacation whenever you want.
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But oftentimes, and I think we'll get to this,
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oftentimes that's kind of a bad thing as well.
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When you work for a big company,
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you usually accrue vacation time
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on a certain fixed rate per year that you're working there,
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per month that you're working there.
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And usually they will even have to pay it out to you
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if you quit or get, I don't know if you get fired,
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but when you leave, these days are actually accounted for.
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So you earn vacation days and you are often forced
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to take them or they won't accumulate past a certain limit
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so you have to take a vacation kind of thing.
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And oftentimes that is better than a kind of freeform
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vacation policy where if you're working for a little startup
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or working for yourself where it's like,
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They were like, "Well, you can take a vacation
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"whenever you want, but you can never stop working."
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Oftentimes, that work-life balance that you get
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at a bigger company or at a more mature company
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is just unbeatable.
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And then you also have, if you're doing consulting work,
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if you decide not to work for a big company,
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a lot of people in our business are doing consulting work.
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And with consulting, you are much more responsible
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for maintaining your own work-life balance
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than when you're working for somebody else.
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And it's kind of a weird middle ground.
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I think consulting, if I had to take a guess
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in a broad generalization, I would say consulting
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probably offers the least work-life balance,
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health of all the different employment types
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that I've seen from people who do it.
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Because you don't have a full-time boss,
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but every client is kind of a boss.
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So you kind of have like multiple bosses,
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all of whom have different expectations on your time,
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And your income is tied directly to the hours
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that you are working for them.
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And you have to bill them for the hours,
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and they are paying for these hours,
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so it's kind of hard to waste any.
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And so if you stop working for, say, a night or a weekend,
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if you stop working, the money stops coming in.
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So there's a huge incentive to overwork
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and to not have a good work-life balance.
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And oftentimes consulting work comes in waves.
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So you might have really crazy times
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really dry time, that it's kind of hard to keep things in balance there. So I think
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consulting is probably the hardest. Then you have indie life, where if you work on your
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own products, or if you are the owner of a company, which is kind of different, but if
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you work on your own stuff, it seems like you'd have the best work-life balance possible,
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but in reality, you have many of the same pressures as consultants do, where you kind
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of impose your own guilt on yourself, like, "Wait, I'm not working right now, so I'm
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I'm wasting time or I should be always doing something
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or this is unproductive time.
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And it makes it hard to enjoy a vacation
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or even a night off, a night to watch TV with your spouse
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or go out or something.
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It makes it hard to enjoy that when you work for yourself
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and you know that I could be working right now,
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I could be doing something right now.
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And any time you're not spent working,
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the work is just not moving forward.
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There's no one else picking up the slack
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or the office isn't just closed for the day.
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things just stop when you're not working.
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And this can often lead to a harder than usual
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work-life balance to maintain.
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So I don't know, so both of us are the last category
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in which the independent developers who work for ourselves,
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so, 'cause you don't really do any consulting anymore,
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- I don't, you haven't for a few years.
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- Right, yeah, so both of us are totally independent now,
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we work only on our own stuff, but I mean,
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I guess we, let's start with kind of like a status update.
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Like, how do you think your work-life balance is?
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- I think now.
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Like having now been, I think I've been independent
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for about eight years, and I've been,
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haven't done consulting for probably three years or so.
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Like I've been fully, fully independent
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for three or four years now.
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I'd say I'm getting pretty good at it.
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It's been the result, though, of a lot of effort and time
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and thought to get to here, because by default,
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you're not gonna have a good work-life balance.
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Like, that was the thing that I sort of found
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when I sort of quit my day job, and I was like,
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okay, it's like, this'll be great.
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I'll work from home, I'll be able to be around.
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I started going independent
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right when our first child was born.
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I was like, this'll be great, I'll be home.
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I'll be around him as he's growing up, this'll be awesome.
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And the default state was terrible,
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because I was either, I felt like I was,
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I concurrently felt like I was always working
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and like I was never working.
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Like I was in this weird tension
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where I'm always thinking about work,
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but I'm also always at home,
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and so I'm always thinking about home stuff too,
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and it was terrible.
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Over the course of the last few years though,
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it's like, we've found things that work for me and my family
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to be able to be like, okay, yeah, this works.
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Like, I feel like I have a good sense of getting work done,
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like I'm being productive and useful,
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and not just like sitting on the deck drinking martinis,
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but I'm also at home when I need to be at home
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and my kids understand how that works
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and my wife understands how that works
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and it seems to be working.
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- That's good, yeah, I have a lot to learn from you
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because I've been independent since late 2010
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and I, so about five years
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and I have not found the balance yet.
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I kind of oscillate between the former part of what you said
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of constantly worrying about work and family stuff
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and just not getting enough work done
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and then feeling guilty
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that I'm not getting enough work done
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or feeling regret that I can't do more.
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'Cause I have a certain amount of time in the day,
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I've decided, which I think we've talked about it
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and I'm sure we will,
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I've decided that it is not right for me to hire people.
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I don't think I would be happier
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or necessarily even more productive if I hired people.
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Not even to mention the problem of affording them
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and then the other issues with hiring somebody.
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So I'm limited by what I can do
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and so I feel a burden from that of I should work more
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or I wish I could work more.
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But then when I have periods of working a lot,
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I have a lot of trouble turning it off
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to go to sleep at night or to go out to dinner or something.
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I have a lot of trouble maintaining that balance.
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And so usually I err more on the lazy side more recently
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of well, I guess I'll be with my family,
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I'll help out around the house,
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and I'll be present for everybody,
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but then I regret not getting more work done.
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And I don't know, I mean,
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I still have a lot to learn, I think.
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- And I think the thing that comes to mind
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is I always remember the insight
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that I think was most helpful
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when I was trying to work this out several years ago
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is it's the understanding that my work
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can hurt my family life, as well as my family life can hurt my work.
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That I remember when I was starting out, it was easy to kind of think about it as almost
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like my family life is the thing that would be hurt from working too much, sort of like,
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which makes sense in some ways coming from a more corporate environment where kind of
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like workaholism is more the typical problem that you would be worried about, where you
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work too much and you never see your kids and all this kind of thing.
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And I remember when I first started, that was what I was worried about, that my work
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was gonna hurt my family.
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And then what I found though is it goes the other way
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exactly in the same way,
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that my family life can also hurt my work.
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And it's the understanding that both of these states,
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both of these things are undesirable.
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I don't want one to hurt the one or one to hurt the other.
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That's why we call it work-life balance, I guess.
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You're trying to find something in the middle.
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And in the end, what I end up finding is
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it's like the old saying,
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"Good fences make good neighbors."
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the best way that I've found to be able to improve
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my work-life balance is to build fences
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between my work life and my family life,
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both physically in terms of where I work,
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in terms of my time, in terms of when I work,
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and in terms of the things that I do
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when I'm in one place versus the other.
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And only when I've been able to really split the two in half
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have I found it to be at all functional,
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because otherwise you always have the guilt on one side
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or the guilt on the other,
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and it's neither productive nor helpful.
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- Yeah, I think that's probably where I have to explore
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the fencing off, both physical and scheduling-wise,
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because I'm terrible at that.
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I work in a home office.
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My wife is here with me much of the time.
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My kid is here with me much of the time.
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He goes to school, but that's not every day,
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and that's not all day.
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and I work at any hour of the day.
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I will work in the morning sometimes,
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I'll work at night sometimes,
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like it just goes all over the place
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and there's really no boundaries to when and where
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and how I get work done.
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And as a result, it is hard to have long uninterrupted spans
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or to not be thinking about work when I'm not at work.
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It's hard to maintain this balance.
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- And I think the thing that I found most helpful
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along those lines is that, as an example,
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I end work every day at 5 p.m.
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- And you have a martini on the deck.
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- And then I go and have a martini on the deck, exactly.
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But I found that that one little change
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had the biggest impact on my work-life balance.
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Before that, it was kind of this squishy, wishy-washy,
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like, oh, well, what if I'm in the zone
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and I really wanna keep going, or--
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- Yep, that's me. - Whatever.
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It's like you have this feeling of,
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well, it's just, I will work until I'm finished,
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type of concept.
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And the reality is like, I'm never finished.
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There's never like a perfect opportune moment
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to be like, yes, I have exactly finished,
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tied this function up in a bow,
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and now I'm gonna go upstairs and have dinner
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and be with my family.
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And so we ended up deciding,
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and that would drive my wife crazy too,
00:13:04
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when it's like, she has no idea when I'm gonna be home,
00:13:07
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when I'm gonna, what time we should do dinner,
00:13:08
◼
►
what time the kids should expect their daddy to be back.
00:13:12
◼
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- Yeah, like a three hour window.
00:13:13
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Like I wanna be done sometime between five and nine.
00:13:16
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Whenever my brain finally turns off.
00:13:18
◼
►
And so we found it's like, you know what?
00:13:20
◼
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I just need to have a regular schedule.
00:13:22
◼
►
And so I come downstairs, which we'll get to in a minute about workspace, but I come
00:13:26
◼
►
downstairs to start work, sometimes, like, it's much more squishy, like, sometime between
00:13:31
◼
►
maybe 8.30 and 9.30, depending on what's going on in the morning, but I always finish
00:13:37
◼
►
at exactly 5.
00:13:39
◼
►
And that really helps to be able to say, like, if it's past 5 o'clock, I'm not working,
00:13:45
◼
►
unless obviously the exceptional situation of some server explodes and I really need
00:13:50
◼
►
to go and do something. But beyond the extraordinary circumstance, that's what I do. And for me,
00:13:59
◼
►
that was really helpful to say, "If it's past five, I'm off work. I don't really need
00:14:03
◼
►
to worry about work, I'll worry about it the next day. And if it's before five, I should
00:14:08
◼
►
be working." It helps on the other side as well, saying, "If things seem like they're
00:14:12
◼
►
going a bit tricky with, you know, or like, I just want to be with my family or whatever.
00:14:16
◼
►
It's like, nope, it's not five o'clock. And I can look forward to it in that sense, and
00:14:20
◼
►
then once I'm past it, I can say, nope, that's like, that's the firewall against it on the
00:14:24
◼
►
other side. And having that kind of regular schedule, like, when I'm safe, there's something
00:14:27
◼
►
magical about five o'clock, like, it could be any time, but having a schedule that when
00:14:31
◼
►
I'm working, I'm working, and when I'm not, I'm not, has been the only thing, has been
00:14:36
◼
►
probably the biggest impact in our ability to kind of stay sane around having complete
00:14:41
◼
►
flexibility about our schedule.
00:14:43
◼
►
All right, we are sponsored this week by our friends at igloo. Go to igloosoftware.com/radar
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Thank you so much to Igloo for supporting
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Under the Radar and all of Relay FM.
00:16:50
◼
►
- So one thing I wanted to extend on a little bit
00:16:52
◼
►
is sort of the extension of the concept
00:16:54
◼
►
of having a defined work schedule
00:16:56
◼
►
that separates your work life and your physical life is that works in some ways, but you also
00:17:03
◼
►
what I found, it only really works when you're able to physically separate yourself as well
00:17:08
◼
►
from the place that you go to work and the place that you go to not work. And I've
00:17:14
◼
►
tried all manner of things to do this. When I first went independent, it was kind of really
00:17:20
◼
►
-- the house where we lived in didn't really work for this, where it was a split foyer
00:17:25
◼
►
house and so there are only two levels. And so no matter what, there was always something
00:17:30
◼
►
that wasn't my office next door to me, no matter where I went in the house. And for
00:17:36
◼
►
a while, I actually got office space outside of my house so that I could do this. Even
00:17:40
◼
►
though I could work from home, I found a teeny little office down the road from where I live
00:17:45
◼
►
and I'd go there. And now, thankfully, we've changed houses and I have a place that's like,
00:17:51
◼
►
I'm in this office way off in the corner in the basement that there's nothing else around.
00:17:56
◼
►
But what I found is if I don't have a separate place to go, like if I'm working in my bedroom
00:18:02
◼
►
or at the kitchen table or something like that, it's so hard to keep your mind focused
00:18:11
◼
►
on the thing that you're supposed to be focused on.
00:18:14
◼
►
And it's one of the things that I think if I give advice to somebody who is starting
00:18:19
◼
►
out, working from home, going independent, becoming a consultant, any of these things.
00:18:24
◼
►
Find a place somewhere in your house that you only use for work.
00:18:28
◼
►
Because when you're there, it's like, "Okay, I'm here, it's all set up exactly how I like
00:18:33
◼
►
it for working, and I'm working."
00:18:36
◼
►
And when I leave, I don't come back here unless I'm working.
00:18:40
◼
►
It's like I don't sit here and go through the family pictures and organize them into
00:18:43
◼
►
albums on my work computer.
00:18:45
◼
►
I do that on another place.
00:18:48
◼
►
other things that I need to do aren't done at my workstation. My workstation is for working.
00:18:54
◼
►
And that helps both me to be focused and also if you have children or other people in your
00:19:00
◼
►
house who are going to want your attention, it means that you can find—it sort of has
00:19:05
◼
►
this great benefit of being able to say, like, "No, no, it's like he's in his—it's
00:19:09
◼
►
like Daddy's in the office. Don't bother him." And, you know, obviously there's
00:19:12
◼
►
exceptions to that. If something awesome and cool is going on in the house that I really
00:19:15
◼
►
want to know about and I should know about. It's awesome that I'm available and here to
00:19:19
◼
►
see it. But by and large, it's very easy to have that obvious visual separation. It's
00:19:26
◼
►
like, "Nope, he's not here. He's at work." And then I come home. And my wife and I always
00:19:31
◼
►
joke about this too, because we'll actually use the terms like "Are you home?" Like if
00:19:36
◼
►
I go upstairs at four o'clock to get a snack or something, it's like, "Are you home or
00:19:42
◼
►
are you not?" And it's like, "Actually, I'm not home yet," even though obviously I'm standing
00:19:48
◼
►
in the kitchen in my home. But it's like, "Nope, I'm actually not home, I just needed
00:19:51
◼
►
to grab something," and then I go back to work. It's as though I've left. I've gotten
00:19:56
◼
►
in a car, my commute, rather than getting in a car and driving down the road now, is
00:20:00
◼
►
walking down the stairs, but I still have one. There's still something separate physically
00:20:05
◼
►
between my work and my not-work.
00:20:07
◼
►
That's really good. I like that a lot.
00:20:09
◼
►
So you've just got to find a place in your house that you can do that.
00:20:12
◼
►
Yeah, well, in our unfinished basement, maybe, or our hot attic. That should be good.
00:20:16
◼
►
That'd be perfect.
00:20:17
◼
►
Well, I'll figure something out. I'll just put up a giant screen in the middle of the
00:20:22
◼
►
room that I work in.
00:20:23
◼
►
Yeah. And obviously, yeah, everyone's houses are different, and so whether exactly how
00:20:28
◼
►
much you can do that and how practical it is to do it. But it's just one of those things
00:20:33
◼
►
that it's all about trying to make it like make a clear line between when you're working
00:20:38
◼
►
hanging when you're not working.
00:20:39
◼
►
And so the more that you can make the place that you work
00:20:42
◼
►
a place that only is a place that you work,
00:20:45
◼
►
the better that will be.
00:20:46
◼
►
And it's like trying to do weird,
00:20:48
◼
►
I mean, sometimes it is, feels a bit silly,
00:20:50
◼
►
but it's what I try and do.
00:20:53
◼
►
We have an upstairs office that we do
00:20:54
◼
►
other homework things with,
00:20:57
◼
►
rather than doing them in the same place
00:20:59
◼
►
that I do regular work, which works for us
00:21:02
◼
►
'cause we have two rooms that we can do that with.
00:21:05
◼
►
but even if you don't have the exact space,
00:21:08
◼
►
it's just kind of something to be aware of.
00:21:10
◼
►
- Yeah, definitely.
00:21:11
◼
►
- And the other thing that I think is helpful
00:21:14
◼
►
to think about with work-life balance,
00:21:16
◼
►
like taking a step back.
00:21:16
◼
►
So things like making good boundaries physically
00:21:19
◼
►
between your work in terms of your daily schedule,
00:21:22
◼
►
in terms of your workspace, are helpful,
00:21:25
◼
►
but there are also things that are kind of,
00:21:27
◼
►
like they're the tactical day in, day out
00:21:30
◼
►
kind of things that you can do.
00:21:31
◼
►
But if you really wanna have a good work-life balance,
00:21:34
◼
►
I think you also have to take the step back
00:21:36
◼
►
and look at it and say,
00:21:38
◼
►
what are the things that are constraining my ability
00:21:41
◼
►
to have a good work-life balance?
00:21:43
◼
►
And I think about,
00:21:45
◼
►
making sure I'm making conscious choices about those things.
00:21:48
◼
►
One thing I always remember is,
00:21:49
◼
►
when I used to do consulting,
00:21:50
◼
►
and this probably applies mostly to consulting,
00:21:52
◼
►
but applies to a lot of things,
00:21:54
◼
►
is when I'd start out,
00:21:56
◼
►
I would check my work email all the day, all the time.
00:22:01
◼
►
Essentially, if I'm awake,
00:22:02
◼
►
I'll probably have checked my email in the last 20 minutes.
00:22:06
◼
►
And I would respond to clients who'd email me something
00:22:11
◼
►
whenever I saw it.
00:22:12
◼
►
They would send me an email,
00:22:13
◼
►
"Hey, did you get a chance to check this thing out
00:22:15
◼
►
"or fix this thing?"
00:22:16
◼
►
And I'd respond.
00:22:18
◼
►
And I'd do it on the weekend, late at night,
00:22:20
◼
►
early in the morning.
00:22:21
◼
►
If you know, first thing when I wake up,
00:22:22
◼
►
I'd pick up my phone and I'd respond.
00:22:24
◼
►
And what I realized though is that I'm setting
00:22:27
◼
►
horrible expectations for my clients
00:22:30
◼
►
Because now, as soon as you do it once, they'll expect you to always do it.
00:22:36
◼
►
And if you don't, that can become weird, strangely problematic, where they're like,
00:22:40
◼
►
"Oh, I emailed you and you didn't respond."
00:22:42
◼
►
It's like, "Yeah, you emailed me at 8 o'clock on a Friday.
00:22:46
◼
►
I didn't respond because I'm not working."
00:22:49
◼
►
But if you don't actually follow through with that, you have this terrible boundary
00:22:54
◼
►
And you're making these commitments that you may not consciously be making to being
00:22:59
◼
►
available at times that you really shouldn't be available.
00:23:03
◼
►
And that might also make certain people not able to work with you. And I think you have
00:23:10
◼
►
to choose that. When you're choosing what you're working on, the people you choose to
00:23:14
◼
►
work for or with matter just as much as anything else you're deciding, because certain employers
00:23:21
◼
►
will want you to be a workaholic and will want you to be 24/7 on call for email. Even
00:23:26
◼
►
even if they don't technically say that,
00:23:27
◼
►
that will be what they expect,
00:23:29
◼
►
and it'll look bad if you don't do that.
00:23:32
◼
►
Whereas other employers or clients
00:23:34
◼
►
are more healthy themselves with their work-life balance,
00:23:37
◼
►
and they will be okay if you don't answer
00:23:41
◼
►
a Friday night email until Monday morning.
00:23:45
◼
►
And it's important if you can find those people
00:23:47
◼
►
and choose to work with them,
00:23:49
◼
►
and it really matters a lot who you work for
00:23:52
◼
►
or who your clients are.
00:23:53
◼
►
And then in addition to it mattering who they are, it's like that you have to decide these
00:24:00
◼
►
It feels silly at first.
00:24:02
◼
►
I remember the first time I realized I was doing this, and I would hit reply and start
00:24:10
◼
►
composing an email back, and then I'm like, "Wait, it's nine o'clock on a Friday.
00:24:13
◼
►
I should not do this."
00:24:15
◼
►
And sometimes I'd write it out, but just leave it in drafts, and at 9 a.m. on Monday
00:24:20
◼
►
morning I'd just go into my draft and I'd sit there and send them all, which was like
00:24:27
◼
►
a baby step towards not actually checking it in the first place.
00:24:31
◼
►
But given the illusion of health.
00:24:33
◼
►
Yeah, exactly.
00:24:34
◼
►
But at least the very least I was setting their expectation that I wasn't available.
00:24:39
◼
►
I always remember also with consulting you'd have these weird things where you start having
00:24:43
◼
►
email conversations back and forth with your client at strange hours because you send them
00:24:48
◼
►
them something and then they are sitting at their computer too having poor work-life balance
00:24:52
◼
►
and they're responding back.
00:24:53
◼
►
As you go back and forth, and it's like you're having this conversation at a time when you
00:24:58
◼
►
would never schedule a call with your client at that time.
00:25:01
◼
►
You'd never think like, "Oh, this is like 10 o'clock on the weekend?
00:25:04
◼
►
This is a perfect time for us to have a chat."
00:25:06
◼
►
But it's like this little trap that just sucks you in, and then you have to work really hard
00:25:13
◼
►
to break that pattern and get out of that cycle.
00:25:16
◼
►
And then lastly, the other last sort of like taking a step back thing that I think you
00:25:21
◼
►
can do to improve your work-life balance is to look at your business and see if there
00:25:29
◼
►
are places that you can reduce the degree to which your revenue is directly tied to
00:25:35
◼
►
your time, which in some ways is maybe an obvious thing to say.
00:25:38
◼
►
Like if you can make money without doing anything, that's better.
00:25:42
◼
►
This is the promise of like every back page ad in a crappy magazine.
00:25:45
◼
►
money while you sleep.
00:25:48
◼
►
But in a not sketchy way,
00:25:50
◼
►
looking at your business and saying,
00:25:52
◼
►
the biggest things that are gonna get in the way
00:25:55
◼
►
of you having a productive work-life balance
00:25:58
◼
►
are things where you don't have control,
00:26:00
◼
►
like you don't have the control over your time
00:26:03
◼
►
in the same way.
00:26:04
◼
►
If you have a perfectly
00:26:06
◼
►
split between your time and your money,
00:26:11
◼
►
then you can choose exactly how you want your day to go,
00:26:15
◼
►
because your time isn't the thing that you're selling.
00:26:17
◼
►
That isn't the important thing.
00:26:19
◼
►
So if you look at a business, I think conceptually,
00:26:23
◼
►
most businesses kind of fall into two categories.
00:26:25
◼
►
There's kind of like prepaid work, things like consulting,
00:26:29
◼
►
or even this podcast where we get
00:26:31
◼
►
paid by a sponsor for the episode.
00:26:34
◼
►
But we have to make the episode, and then once we've made it,
00:26:37
◼
►
we get no more benefit from it, to things
00:26:40
◼
►
that are kind of like postpaid, so like a product
00:26:42
◼
►
or a subscription, or if you have a retainer in consulting,
00:26:46
◼
►
like those types of things, where you're making money
00:26:47
◼
►
without you having to do something directly.
00:26:51
◼
►
Usually it's because you've done something else in the past,
00:26:53
◼
►
but in the present, you're kind of living off the interest
00:26:57
◼
►
from the past things.
00:27:00
◼
►
And this was something that was the big,
00:27:03
◼
►
like when I made the shift from consulting to products,
00:27:08
◼
►
which is now what I do, almost 100% essentially,
00:27:11
◼
►
of my income is from products, is I wanted to do it because I felt like if I didn't,
00:27:18
◼
►
I wouldn't have control over my time, because I was always going to be beholden to somebody
00:27:23
◼
►
else. And so I had to look at my business and say, "You know what? If I can do this,
00:27:27
◼
►
if I can keep pulling, even if it's just 20% of my business is coming from something other
00:27:34
◼
►
than my time, I'm going to be able to make my work-life balance 20% better, or at least
00:27:39
◼
►
the opportunity to make it 20% better.
00:27:42
◼
►
If I don't follow through at that point, that's on me.
00:27:45
◼
►
If I, at this point, have complete control over my time and I have a bad work-life balance,
00:27:50
◼
►
there's no one to blame but myself.
00:27:51
◼
►
I can't blame my boss, I can't blame my clients, I can only blame me.
00:27:55
◼
►
But on the flip side, I have the ability to control that.
00:27:59
◼
►
So looking at your business or looking at the way that you're structuring how you work
00:28:03
◼
►
such that you can break those ties is sort of like the little catalyst that allows you
00:28:08
◼
►
you to make any of the changes that we've talked about
00:28:12
◼
►
in this episode, because if you don't have that control,
00:28:15
◼
►
then you can't change anything in the first, you know,
00:28:18
◼
►
anyway, and so you're kind of stuck.
00:28:20
◼
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- Yeah, I think that separating your income
00:28:24
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and your business health from your time spent
00:28:27
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is obviously, like, that is the holy grail,
00:28:29
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but it isn't that unachievable.
00:28:30
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Like, it's actually very doable, and it might take a while,
00:28:34
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and it might not be 100% of your income
00:28:36
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being separated out that way
00:28:37
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and being independent of your time.
00:28:39
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And you do have to still work on it occasionally.
00:28:42
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You can't neglect things forever,
00:28:44
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but anything that you can do to build up
00:28:47
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a back catalog of things that pay you
00:28:49
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or build up recurring revenue streams
00:28:51
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or things that are decoupled at all,
00:28:54
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you will benefit from significantly.
00:28:56
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- Exactly, and it took me four and a half, five years
00:28:59
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to be able to stop doing consulting.
00:29:02
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But it was a conscious choice
00:29:04
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that this is where I'm heading.
00:29:06
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I'm pointing my business in this direction,
00:29:08
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and that's what I, because at the end of it,
00:29:10
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I like the result, and so that made the work
00:29:12
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to get there worthwhile.
00:29:14
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- Excellent.
00:29:15
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All right, thank you for listening, everybody,
00:29:17
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and that's all the time we have,
00:29:19
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so we will talk to you next week.