This document discusses the importance of work-life balance for academics. It begins by showing data on the long hours worked by many researchers. It then discusses how contracts and expectations shape our work, and the biology and psychology of happiness. Pursuing external goals and gaining respect from others are described as traps that do not lead to long term happiness. The benefits of maintaining balance are outlined, including greater resilience, productivity, mental health and the ability to add value to others. Specific tips are provided, such as asking for help, planning, taking stock of one's life and creating an action plan. Maintaining balance is presented as key to reducing stress and maintaining well-being.