Who cares about balance, this is not a MMORPG, just play with no items and hardcore mode or something.
I want rule the world as a wizard god.
This. My second character that I rolled in the 5th grade was a wizard, I really enjoyed going from hiding behind the rest of the party to being able to alter reality. First character was a clone of Elric who had blackrazor and could walk through level 15+ without fear of death.