Much has been made about Gen Y’s insistence on a balance between their work and their life.

The understanding of that balance, however, is different than previous generations, mainly because technology can be invasive, blurring the lines between when one is at work and when one is “at” life.

Boomers didn’t need to worry about this as much, since cell phones and Blackberries weren’t ubiquitous. As such, doing work away from work was unheard of, mainly because it was difficult.

The lines began to blur with Gen X, who soon didn’t want any of it, mainly because it was yet another thing that the big institutions couldn’t be trusted with. But Gen Y can handle it. They’re happy to fire off e-mails from the beach, or work from the comfort of their couch.

Yesterday, one of my interns left the office (which is spacious, cool and comfy) to go work at Starbucks, where she could enjoy the unseasonably warm February weather while sipping a latte outside. She was still working since she was on deadline — she could just be portable with it.

But what about when the analog version of feature creep happens? How is a work/life balance maintained for the entrepreneur who’s thinking about business all the time, even if he’s not “doing” it? What about the ambitious ladder climber who wants to get ahead and stand out? And what about the social media strategist who works for the startup putting in long hours in hopes that the new company will make it big and she’ll be set one day? Where does work end and life begin?

There should be a distinction, but not to maintain some straw-man of an argument. It should exist because it might just be the very thing that keeps you sane. Or alive.

If you’re a “Lost” fan, you now know that if you want to make it on the island, you need a constant, that very thing that keeps you connected while your “when” changes (but not your “where”).

It’s the same in life. And with work. You need that thing that relieves stress, or can always take your mind off of work or helps you to remember that it’s about more than the paycheck, the ladder or the resume.

That happened for Holly Hoffman. A recent health scare made her realize that life away from work is important. As such, she’s learned to focus on that area of her being, to much praise and benefit.

Or take Rebecca Thorman, who recently wrote about her long hours and need to do it all, much to the chagrin of her boyfriend. I agree with her that work/life is a myth for most people, but not because it doesn’t exist. Rather, I think it’s an incorrect distinction.

I recently listened to a Harvard Business Review podcast during a long run. While the subject of the podcast was about the current recession, the guest noted that research suggests that the size of one’s house has little to no bearing on personal happiness. In fact, the length of one’s commute is a much higher factor. The lesson? Buy a smaller house closer to your job and you’ll be much happier.

And here’s why I agree with Rebecca that work/life balance is a mythical creation of earlier generations: We get the life part wrong. We complain because we don’t have time to watch all our TV shows. In reality, watching all those shows doesn’t make us happier or have a better life. Or, we complain that we don’t have time to play golf, go to the movies or go shopping. I really wonder if those things add up to a better life for anyone.

For me, knowing that I was rapidly running ragged while putting in long hours with CoolPeopleCare, I needed a new routine — one that allowed me maximum work hours while still allowing for those parts of my non-work life that I love.

Here’s how I did it: Step One: Make it about life.

For me, I first had to find those parts of my life that I really enjoyed — those parts that I couldn’t do without. As I examined how I spent my time, I realized that it was important to do things that relived my stress, instead of added to it. And for me, these were things I could do that kept my mind from wandering back to the company all the time.

My list:

  • Cooking for and eating dinner with my wife
  • Meeting my family for Sunday brunch
  • Running
  • Reading

What’s not on the list? Catching up on CSI. Buying a new shirt. Making sure my car is clean.

I’d suggest that everyone find four things they love about life and commit to them each day or week. Find two to do alone and two that involve other people. Schedule them, and don’t cancel. You’ll be happier if these are a part of your routine.

Step Two: Figure out the work piece.

The life of an entrepreneur is unpredictable at best and a freakin’ perfect storm at worst. But, in all of that, I had to find a routine in order to make sure I did the things that needed doing each week while allowing enough time to work on new projects and dream new dreams.

So, I scheduled as best I could. I don’t always stick to the schedule, but having it as a framework for each day and week helps me get more things done.

  • The hours between 5:30 and 7:30 a.m. are for e-mailing, reading feeds and writing blog posts. As are the hours between 4:00 and 6:00 p.m.
  • Organizing your e-mail GTD-style works, if you commit to it.
  • Mondays are for writing all the content for the next week.
  • Wednesdays are for meetings that generate new business.
  • Fridays are for meetings that generate new ideas or contacts.
  • Everything else stays flexible.

So yes, you can balance work and life. But chances are, if you’re an entrepreneur or a Gen Y-er, you blurred those lines so long ago that they’re nearly impossible to separate — like Kool-Aid. So, instead of trying to figure out how to juggle priorities, just make sure you stay sane.

Sam Davidson is executive director of CoolPeopleCare, Inc. He blogs at Sam Davidson.

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