Career Conversations With Jay Bala, CFA

Career Conversations With Jay Bala, CFA

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Jay Bala is the CEO and Senior Portfolio Manager of AIP Asset Management, an award-winning asset management firm in Toronto.  Jay has over fifteen years of industry experience.  He previously worked as an Associate Portfolio Manager with Kingsmont Investment Management and Third Eye Capital as an Investment Analyst which manages the Sprott Private Credit Trust.  Prior to that, Jay was an Equity Research Analyst at a leading independent boutique investment bank and worked at the family office of one of Canada’s wealthiest families. Jay holds a Bachelor of Commerce from the University of Toronto and is a CFA charter holder. In 2014, Jay was a nominee for the Ernst & Young Entrepreneur of the Year Award. Safe to say he’s made quite a name for himself in the asset management industry in Canada. It is no wonder that I jumped at the opportunity to interview Jay. For a lot of…

Easy Ways To Save Money: Financial Fast Challenge

Easy Ways To Save Money: Financial Fast Challenge

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The last post about the “Financial Fast Challenge” showed you how to prepare for the challenge by building a bare bones budget, defining your goals, and figuring out how you will keep yourself accountable. This post will show you fun tips to help you successfully complete the challenge. As mentioned in the last post, this financial fast challenge does not have to make you miserable. Instead, it should help you save money, build better money habits and find more ways to be creative with your money. However, I know this challenge can be hard if you are not used to living on a bare bones budget. I’ve taken the liberty to write down how you can save more money while still having fun: 1. Cook Your Food: If you already like cooking this should be easy. You can play with different styles of cooking and experiment with different recipes. Eating from…

Financial Fast Challenge

Financial Fast Challenge

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April is finally here! The first month of the second quarter of the year. Just as most of you did, I set lots of goals for 2017 and a lot of them were financial goals. However, while performing my quarterly review of my financial position (in other words I reviewed my financial accounts e.g bank statements; I’m an accountant I can’t help it), I noticed that I am NOWHERE near accomplishing my goals. NOT CLOSE. I still need a ‘few’ hundred dollars to get to the point I need to be at. Since I would like to be lying on a beach sipping margaritas this summer, I need to act fast! I realized that the only way to salvage this situation is to go on a financial fast for the month of April at least! If you are in the same position, I invite you to come on this journey…

6 Ways To Get More Money Back From Your Tax Return

6 Ways To Get More Money Back From Your Tax Return

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  TAX SEASON IS STRESSFUL! As an accountant, tax season (January to April) tends to be one of the busiest times of my year. As we get closer to April 30 (deadline to file personal taxes in Canada) most people start getting even more stressed because they want to make sure they are filing their taxes properly and want to ensure they are getting the most money back from their tax returns. I’ve been filing taxes for myself for the past  5 years because: i) As an accountant working towards a Chartered Professional Accountant (CPA) designation, I felt paying someone to do this was a waste of my money. ii) I’m cheap and I didn’t want to pay someone $100-$200 for 15 minutes of work (I have a very simple tax return) iii) I am the CFO of my personal economy so no one cares more about my money than…

Dealing With Imposter Syndrome As A Millennial

Dealing With Imposter Syndrome As A Millennial

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  “What am I doing here? How did I get here? I do not belong here, these people are way too smart.” These thoughts crossed my mind shortly after I started my first job after college. I realized that I was the youngest and also the first international student and African female to work as a scientist in one of the best forensic toxicology laboratories in the world. Studies show that 70% of millennials fail to internalize their success, often attributing their accomplishments to luck rather than ability. Perhaps it is because our parents always compared us to our neighbors down the street, our friends or maybe some of professors never believed in our dreams. This problem is compounded by our use of social media, which makes it seem like everyone is doing pretty amazing things and you are not OR you feel like you’ve failed at too many things.  With many…