Monday, June 8, 2020

3 Strategies for Work-Life Balance in the “New Normal”


How can advisors prioritize a work-life balance when things feel out of balance? These tips may help you take care of yourself so you can continue to take care of your clients, business, and staff.
Taking care of advisors from a business standpoint is a given during turbulent times, but from a Practice Management support standpoint, it’s equally if not more important to start a conversation about how they’re holding up. Between the coronavirus, disrupted routines, and other challenges, we paused to ask “So, how are you doing?”
A common theme emerged: advisors wanted more guidance on finding a work-life balance in this strange new world. With many “normal” activities and ways of living shifting or disappearing completely, we’ve all been forced to adjust how we take care of our work and ourselves. Here’s what’s worked for our advisors—we hope this advice will work for you, too.
Start with Yourself
When your work life and home life overlap, investing in your own well-being becomes more critical than ever. Why? Much like a car running out of gas or breaking down from lack of oil changes, if you don’t take care of yourself, you won’t be able to bring your best self to your family, your clients, and your community. In other words, investing in your wellness is the bedrock of being able to be of service to others.
How you make this investment will likely look different from how others do it. In general, though, you should consider the four main pillars of life:
·        Physical well-being
·        Mental well-being
·        Relationship/social well-being
·        Purpose
Here, you might think about setting a rule that you will keep no matter what. For example, commit to cooking at least one healthy meal a day or taking a daily 20-minute walk outside. Daily habits are much easier to stick with than those that involve doing something once per week or every other day. Of course, picking something fun may also be far easier to commit to.
Keep It Simple
Another key to finding a manageable work-life balance is to get back to basics—those things that sometimes suffer in uncertain times like these.
Get some shut-eye. Sleep (or lack thereof) affects our health, mood, and ability to focus. Maybe you’re not getting the eight hours of sleep you’re used to—and that’s okay. But you can try to relax and disconnect (which means no scrolling through your phone at 2:00 a.m.).
Eat healthy. Although it can be hard to stick to a healthy diet when anxiety is running high, eating nutritious foods has been proven to improve mood and lower stress. Here, it might be useful to take bite-sized steps toward healthier options. Skip the soda and drink plenty of water instead. Try replacing those high-sugar snacks with a fruit or veggie plate. Find whatever works for you—your body and mind will thank you.
Start moving. With many gyms still closed and group exercise classes canceled—combined with long hours in front of our computers—many of us find ourselves being more sedentary than usual. But sitting for long stretches of time can have negative effects on our health, including increased risk of heart disease, Type 2 diabetes, and high blood pressure. So, why not use this opportunity to get back to nature and soak up some vitamin D? Explore a state forest or embark on a long hike. If it’s raining or you just don’t have the time, run up and down the stairs in your house, build a makeshift standing desk, or simply get up and stretch every hour.
Reimagine Your New Normal
Maybe you’re already focusing on the basics and are looking for new ways to maintain a positive balance between your work and home life. Here are just a few tips our advisors shared on what’s been working for them.
Create a new commute. Walking from your bed to your laptop not really motivating you to take on the day? One advisor created a new “commute” while working from home:
·        Get dressed and ready to leave the house.
·        Take a 15-minute walk.
·        When you return home, go straight to your workspace and start the day.
·        Schedule lunch and other breaks into your calendar.
Limit your news intake. We’re all trying to keep abreast of the latest news about the coronavirus, but sometimes it can be overwhelming. To avoid information overload, consider the following:
·        Watch a digestible amount of news each day (maybe 30 minutes), choosing sources that are informative rather than alarmist.
·        If you can, watch the news with someone else.
·        Talk through what you are feeling and thinking in response to what you’re seeing.
·        Turn off your cell phone and TV before turning in for the night.
Get out of your head. It can be all too easy to ruminate in times like this and to worry over things that we can’t control. One way to avoid going down that rabbit hole is to get out of your own head.
·        Think of those less fortunate and what you might do for them. Focusing on how you can take action to make a positive difference will surely get you off the worry wheel.
·        Find ways of giving to others (e.g., sewing masks, writing notes of gratitude), as thinking of others is an excellent antidote to thinking about yourself.
Learn from this experience. Start a list of what (if anything) is better in your life right now—so you can hold on to lessons learned.
·        How do you want to carry these lessons forward into your post-coronavirus life?
·        Can you schedule five minutes per day to reflect on the joy they bring?
·        What lessons have you learned from your clients?
Prioritize Your Well-Being
Right now, there are a lot of unknowns, and your clients, staff, and even your family may lean on you more than ever. These added pressures, combined with your own worries and a new way of working, can lead to burnout, or what is known as compassion fatigue. So, if you find yourself working all hours or fretting over what’s on the news, perhaps it’s time to take a small step back to focus on yourself. With just a few of the suggestions discussed here, you can improve your self-care and well-being, which may help you
Maria Considine King is senior vice president, practice management, at Commonwealth Financial Network.
This post originally appeared on Commonwealth Independent Advisor, a blog authored by subject-matter experts at Commonwealth Financial Network®, the nation’s largest privately held Registered Investment Adviser–independent broker/dealer. To subscribe, visit https://blog.commonwealth.com.
This content is made possible by Commonwealth Financial Network; it is not written by and does not necessarily reflect the views of InvestmentNews' editorial staff.

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