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Why Big Dreams Can Be Big Problems

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Why Big Dreams Can Be Big Problems

Growing up, our parents and teachers told us we could be anything we wanted to be. Wide-eyed and excited about the endless possibilities, we began dreaming . . . big. My classroom was full of future astronauts, brain surgeons, CEOs, and several professional ballerinas. Slowly but surely, we got a hard dose of reality (or should I say hard work).

Big dreams come with big baggage — a tiny detail that our parents and teachers seem to have left out.

We all look up to successful icons like Richard Branson and Steve Jobs, marveling at their triumphs. We study their successes and attempt to replicate their journeys. The cold hard fact is that it takes years and years of hard work to even get a shot at dreams like theirs. And even then, it’s not guaranteed.

That’s the problem with big dreams: there is no “guarantee” on the side of the box.

We’re told that it’s easy, it’s guaranteed, and if (insert famous person) can do it, so can we. While it may feel warm and fuzzy to only think positively about your big dreams, reality always has a way of humbling even the most optimistic among us.

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You will get beaten down, you will have disappointments, and your dreams will never be handed to you on a silver platter. Success isn’t a privilege, it’s a rite of passage – littered with potholes, ditches, and seemingly insurmountable mountains.

Success isn’t a privilege, it’s a rite of passage — littered with potholes, ditches, and seemingly insurmountable mountains.

In Ryan Holiday’s book, The Obstacle is the Way, he brings this to life by saying:

“Certain things in life will cut you open like a knife. When that happens — at that exposing moment — the world gets a glimpse of what’s truly inside of you.”

It’s not the moments of success where we find out what we are made of but rather those moments when we are bloodied and beaten to a pulp. So when we inevitably get cut open or smacked in the face with something totally unexpected, what happens to our big dreams?

For most, they end up fading away. They give up when faced with an obstacle, a challenge, or a disappointment. For others, it gives them a reason to make their dreams bigger than ever.

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Despite all of the obstacles in front of your dreams, there are things you can do to mitigate their blows. There are mental shifts you can take that have been applied by some of the most successful and happy people in this world.

Unfortunately, these shifts aren’t easy to apply. They take consistency, persistence, and dedication. If you are hungry enough and driven enough to apply them, your big dreams might actually come true. Here are a few that I’ve applied in my life which have massively helped:

Reframe Your Definition of Failure

Sara Blakely, the founder of Spanx and the youngest self-made female billionaire, has embraced failure ever since she was a little girl. Her parents taught her at a very young age to judge failure based on the effort, not the outcome. In an interview she recently had with Business Insider, she recalled her dad celebrating her failures and even giving her high-fives when she failed. She said:

“…all it did was just reframe my definition of failure.”

Even if you don’t have parents like Sara’s, it’s never too late to redefine your own definition of failure.

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When you turn your failures into times when you don’t try, failing no longer defines your success. So rather than beat yourself up for when you fail, celebrate that you tried, re-evaluate what went wrong, and change your strategy moving forward.

One of my favorite language tricks is from Ramit Sehti, who calls his failures “tests.” Just like in high school science, everything is a test. You develop a hypothesis of what will work, you apply specific tactics, and if you don’t get the outcome you hypothesized, you change your approach. A simple shift that can make a huge difference.

Only Work Towards the Next Milestone

When I first started running “for fun,” I absolutely hated it. To me, it was boring and monotonous. That was until someone gave me this tiny bit of advice: focus on just running to the next obstacle — a tree, a light post, a mailbox, etc. Once I started focusing on those short term wins, it not only became fun but it also helped me run further and faster.

If you keep looking up the mountain at your big goals and not down at your feet, you won’t go anywhere. Real progress is made in the short term wins. Simply refocus on the next thing you have to do. What is that next step? By doing this, you too will go further and faster.

Surround Yourself with People Who Challenge You

I still vividly remember an experience I had at a networking event a few years ago. I was standing in a group of people, and someone asked me what I’d been up to lately. With confidence (and a little bit of cockiness), I proudly said:

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“I’ve been trying to get more fit.”

The guy standing across from me, who was built like a brick house, interrupted me instantly:

“Trying to? Are you getting fit or not?”

Although this call out in front of a bunch of strangers was a bit embarrassing, it changed my life. He pulled me aside later and explained to me the negative effects that language can have on our mind.

The people whom you spend time with matter.  When you improve the quality of people in your life, you improve your results. Invest your time in people who are willing to challenge you and make you better. The results will follow. Just make sure they are positively challenging you and not dragging you down.

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What to do Next . . .

Now that you have some ideas on how to realistically make your big dreams happen, my plea to you is that you decide to take action on at least one of these things. Just one of these mindset shifts can be profound in reaching your big goals.

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Scott Bradley

Self-Leadership Coach and Creative Writer

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Last Updated on January 27, 2022

12 Reasons Why You Should Consider Working in Singapore

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12 Reasons Why You Should Consider Working in Singapore

Nine out of 10 foreign workers are satisfied with working in Singapore, a recent governmental survey reports. Being ranked best for numerous criteria from best intellectual property protection laws to the easiest country to do business in, Singapore also receives a bunch of accolades for the overall quality of life, top education standards and efficient medical system, ranking the nation as the healthiest in the world. So, what exactly makes the City of Lions such an impeccable place to start your career or relocate your business? Here are just 12 reasons why you should consider doing it!

1. Singapore ranks second as the most globalized economy in the world

The Global Competitiveness Report 2014 – 2015 named Singapore as the world’s second prospering economy. By defining “competitiveness” as the set of institutions, policies and factors that determine the level of productivity of a country, the report claims to be the most authoritative assessment of the country’s prosperity and well-being. What does that mean for you and me? High wages, low unemployment rate, excellent work conditions and nourishing business development and investment climate.

2. Salaries are extremely lucrative

As the economy is booming, Singapore companies are hungry to acquire overseas specialists, offering top salaries and lucrative benefit packages to attract highly-skilled workers and talents. With a median salary of 3.500$ per month, software engineers can earn up to 72.000$ annually, whereas general practitioners usually receive around 80.000$ per year, according to PayScale. Elementary school teachers earn around 34.000$ per year and working as a waitress part time will bring you around 1100$ per month.

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3. Progressive personal tax system

Calculating and paying taxes in Singapore is extremely easy and usually takes around 30 seconds to submit your online tax return. If you already obtained a residence permit, your personal taxes in Singapore range from 0% if you earn less than S$ 22.000 per year to 20% for incomes above S$ 320,000. Non-residents are expected to pay a flat rate of 15% from all income gained in Singapore. In addition, all of your earnings gained overseas and brought to the country are not subjected to any taxes.

4. Getting a work/residence permit is really easy…

With a population of only five million, and dropping fertility rates, Singapore is highly interested in acquiring new residence and labor force to boost the country’s economy to soaring heights. If you already have a job offer secured, applying for a work permit would take only a few clicks on the governmental website and you will know the outcome within just one day. No lines, no paper bureaucracy and no huge list of supportive documents or blankly stated requirements. Their entire procedure is even simpler if you are a business owner wishing to relocate your business to Singapore, or a start-up entrepreneur wishing to develop your company within the island. You are likely to receive your work permit for a longer term, plus the renewal process is fast and simple. Residence permits are usually issued along with your work permit for the same period of time.

5. …And the same with permanent residence status

If you have lived and worked in Singapore for over a year and enjoyed your experience, you can start considering applying for a permanent resident card. Again, the whole process can be done online without much hassle or paperwork involved. Among the factors of a successful outcome, expats name young age (below 50), educational background (degrees obtained in Singaporean universities will earn you extra points), the industry you work in (again extra points to those who are involved in scientific research and working with innovative technologies), and your ability to speak one of the four languages. The processing time does take up to six months.

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6. The adaptation process goes easy

As English in the main working language you won’t experience the dreaded language barrier. The local society is an absolute melting pot of Chinese, Malay, Indian and British cultures with 42% of population being foreigners. There is a huge amount of expat communities and meet-ups, restaurants serving awesome foods from all over the world, and imported goods you are used to buying back at home. As expats say, “Singaporeans are generally very comfortable with diversity and have been very welcoming to foreigners” with rare case of racism or religion discrimination occurring. There are numerous international and English schools available, along with pre-school daycare centers, so your kids won’t experience much troubles either when changing environments.

7. Top notch higher education

If at any stage you feel like lacking relevant educational background or certain skills to get a promotion, you should consider getting a degree in one of the six Singapore universities. National University of Singapore currently ranks number one in Asia and 22nd in the world offering degrees in Arts, Law, Medicine, Computer Sciences, Public Policy and nearly any other profession in demand. Tuition fees for undergraduate programs range from S$ 28.600 to S$ 129,200 for medical degrees. However, all students (foreign or resident) can apply for governmental grants and tuition aid, cutting down the costs by 50%, as currently around 20% of government spendings go into education. If you are aiming at a top executive position, getting an MBA in Singapore will cost you S$ 58,000 full-time or part-time.

8. It takes three days to open a business

Being ranked #1 for the ease of doing businesses by World Bank consequently for seven (!!!) years, starting your business in Singapore is easy and fast indeed. The whole process is done online and your registration will be deemed completed within a few hours after you pay a registration fee of the S$65. Afterwards, you can either refer for further assistance to ACRA (Accounting and Corporate Regulatory Authority) offering you a huge selection of agencies and providers to handle all your business needs – from business start-up services to preparing all the documents for your annual returns.

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9. Singapore is rated #1 as the best labor force in the world

As your business grows and you feel it is time to expand, hiring new professional team won’t be much of a struggle. With expats and work migrants flooding the market, local labors are known for their effectiveness, strong work ethics and superb educational profiles. Filling in top executives and managerial positing will not be a problem either as the share of high-skilled professionals with relevant background rose from 27% in 2003 to 31% in 2013. Moreover, 25% of residents reported to have worked for the same company for 10 years, which means less personnel changes and headhunting.

10. Low crime rates and zero corruption

Currently ranked the 5th least corrupted country in the world, Singapore surpassed a long chain of reforms and law enforcement practices on the road to a bribe-free society. The Corrupt Practices Investigation Bureau has kept an eye on matters since 1952 and tries all cases according to strict Singapore laws with long-term jail sentences and huge fines up to S$ 100,000. Same goes towards any sort of crimes–even minor offenses are treated with extreme severity. Think: three months of jail and three hard cane strokes for painting graffiti on a war memorial. When living and working in Singapore you don’t need to worry about your belongings getting stolen, nor your life threatened. Besides, you don’t need to have any sort of “special connections” to do business and get through all the legal and bureaucratic procedures.

11. You can become a millionaire in less than 10 years

According to a recent report issued by Boston Consulting Group, over one half of wealthy Singaporeans accumulated the majority of their wealth in less than 10 years. That’s the quickest growing rate in the world. Now, Singapore boasts one of the highest millionaires’ density in the world with 8.8% of the population having assets over one million US dollars. The phenomenon exists due to the ease of doing businesses in Singapore, advantageous location with easy access to nearby booming markets of India, Indonesia and Malaysia and quick implementation of progressive new technologies.

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12. Absolute political stability

Obviously, your business and you as an employee do not exist in a vacuum and are highly dependent on governmental policies and law-making. The Singaporean government is known for conducting open and fair policy towards constantly introducing new laws, tax relieves, and regulations to enhance the countries’ business environment even more. With the People Action’s Party forming the majority in Parliament since 1965, Singapore has a very stable and orderly government indeed.

Featured photo credit: Larry Teo via unsplash.com

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