The purpose of this study was to explore the association between workaholism (working 50 or more hours per week) and personal and mentalwell-being. With time being a scarce resource, it is important to understand the trade-offs involved and the implications that arise from time allocation decisions. Becker (1965) provides a theoretical framework for the allocation of time that lays the groundwork for this understanding.Data were obtained from the 2010 administration of the National Longitudinal Survey of Youth 1979 (NLSY79). In 2010, the sample ranged in age from 45 to 53. Workaholism was associated with objectively measured physical and mental well-being, but not subjectively measured physical well-being. Policy implications include the development of business practices aimed to reduce the negative impact workaholism can have an employees’ physical and mental well-being, potentially resulting in a healthier and more productive workforce. The results of this study may be enlightening for those directly or indirectly experiencing workaholism to further understand the damaging effects of workaholism on personal well-being. Through increased awareness, personal change may be more likely to occur.