I landed a big project a few years ago. I was over the moon and couldn’t stop talking about it to my family and friends. I was supposed to begin work on the project at the start of the following week, but found myself procrastinating.
I came up with different excuses to postpone working on it for days. Thoughts came to mind such as: "This project will take much of my time and I won’t be able to see my family as much."
I questioned my decision to take on the project, thinking it might have been better if I stuck to my regular clients.
Luckily, I sensed that something was off with my behaviour. This wasn’t like my ambitious self at all, as I knew that working on the project would help me progress greatly.
Instead of jumping in and working on the project, I saw myself backing away. Was I self-sabotaging? The thought scared me. But it was true.
It got me thinking: Was it the fear of failure? Or was I worried about the lifestyle changes? I needed to find out the reasons why I seemed to be putting up obstacles that prevented me from progressing.
When I delved deeper into the topic of self-sabotage and read about others’ experiences, I started seeing this pattern clearly in my fellow colleagues.
As disturbing as the idea may seem, that one might be one’s own enemy to achieve success, the good news is that self-sabotage can affect everyone to some degree.
In fact, the bigger a challenge or an opportunity is, the more likely it is that self-sabotage will take place.
But why did I self-sabotage? And why do other entrepreneurs find themselves in such situations?
For me, it was a fear of success, a fear of feeling overwhelmed and burnt out, and not having enough time to do the things I enjoyed most. I was afraid the journey might not be worth the emotional and mental investment.
After reading about and listening to others’ experiences, what they had in common was that they wanted to be in their comfort zone. Stepping out of it to grow might feel overwhelming, especially as many people fear the unknown.
So, what can be done to overcome this hindrance?
It starts with an honest conversation with yourself, which wasn’t an easy feat for me.
I procrastinated for days, but finally came around to it. I paid closer attention to my behaviour and became more aware.
Though self-sabotage is a problem that could greatly hinder our career, it is not a problem that can’t be overcome
Manar Al Hinai
I had to challenge my negative thoughts. I reminded myself of my strengths, what I am capable of achieving, and how I would achieve what I wanted.
I also recalled the saying that "the only way to eat an elephant is one bite at a time”.
Instead of setting unrealistic goals and deadlines, which is one form of self-sabotage that could lead to disappointment, I broke down my project goals into more achievable tasks. That way, I didn’t feel overburdened.
To achieve your goals, you need to be ready for the journey. This means taking care of yourself by getting enough sleep, eating well, taking breaks and taking care of your emotional well-being. Burn out will only set you back – and leave you farther from your goals.
Last but not least, talk to others. I developed my own support system of people who would steer me in the right direction. I sought the advice of professionals in the field, as well as family members and friends.
Though self-sabotage is a problem that could greatly hinder our career, it is not a problem that can’t be overcome. The key is to be aware, focus on your vision and remember that your goals are attainable.
Manar Al Hinai is an award-winning Emirati writer and communications adviser based in Abu Dhabi
The biog
Age: 59
From: Giza Governorate, Egypt
Family: A daughter, two sons and wife
Favourite tree: Ghaf
Runner up favourite tree: Frankincense
Favourite place on Sir Bani Yas Island: “I love all of Sir Bani Yas. Every spot of Sir Bani Yas, I love it.”
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if you go
The flights
Flydubai offers three daily direct flights to Sarajevo and, from June, a daily flight from Thessaloniki from Dubai. A return flight costs from Dhs1,905 including taxes.
The trip
The Travel Scientists are the organisers of the Balkan Ride and several other rallies around the world. The 2018 running of this particular adventure will take place from August 3-11, once again starting in Sarajevo and ending a week later in Thessaloniki. If you’re driving your own vehicle, then entry start from €880 (Dhs 3,900) per person including all accommodation along the route. Contact the Travel Scientists if you wish to hire one of their vehicles.
Company%20profile
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Company%20profile
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Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”