Defining and Managing Your Life as an Investment Portfolio

Can we borrow some of the elements of portfolio management to address the challenge of balancing our work and personal life?\r\n\r\nThe basic financial portfolio concept calls for choosing a set of diversified investments that produce an expected return with a predefined risk level. As the performance and risk levels of the market and each individual investment changes over time, the portfolio is managed by adjusting the type and relative weights of the individual investments.\r\n\r\nConsider the following suggestions for your work-life balance improvement journey:\r\n\r\n1. Ensure you have an overarching mission in life, which could be the equivalent to defining the overall investment strategy (high, moderate or low risk?). In the case of our life mission, we want to discover and define what we wish to make of our journey on Earth: Are we constantly building the skills we were born with? Are we producing joy in the lives of others? Look at this previous newsletter for more details.\r\n\r\n2. Follow an “integrated” approach for your different roles in life. One of the benefits of investment portfolios is the synergy achieved by the set of individual investments. How can your life mission serve as an umbrella to produce synergies across your life roles? For example, if your mission is to serve others, how can you permeate service into your work, relationships and finances? And can increasing your physical, mental and spiritual capabilities translate into having better relationships and stronger professional results?\r\n\r\n3. We should assess our life performance regularly and make the necessary adjustments, similar to the way an investment portfolio is managed. The minimum frequency I recommend is once a year, with two to four times recommended.\r\n\r\nI welcome your reactions.\r\n\r\nPercy M. Cannon\r\nAuthor, Consultant, Facilitator & Coach\r\

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