For someone who loves challenges, being in an MA program is like being at a carnival. My inbox fills up with emails about conferences, job opportunities, research grants. Professors and fellow students compare the challenges we taken on, how full we've filled our plates.
If I'm shown new opportunities - esp. if they're difficult or competitive - I can't help jumping at them. I don't even stop to think if they are what I really want, or how they fit in to my already busy life.
So the thesis option is more time-consuming and difficult? Let me at it. A conference? I want to present. Ooh, and at that one too... and at that one. A research grant? Please, pretty please. An employment contract - ooh, that too! And I don't just want to do it, I want to do all of it and get an A+.
But these balloons are lead and I've finally realized I'm sinking.
I might not be able (or willing) to drop them all now, but at least I can assess what I'm holding, and why. Maybe see how tightly I really need to hang on to everything, and if it's okay if they slip a little.

And you'll notice there's not a balloon in sight.