Okiki Podcast Episode 86: How to plan for the future with your money with Taheera Fidaali

Okiki Podcast: Making Inspirational People Known- Finding Your Purpose and the turning points that Propel You to Success

Taheera is the founder of Tula CPA, a forward looking firm whose focus is to support financial management and profitability through strategy consulting, fractional CFO services and monthly group coaching. She is passionate about supporting visionaries with missions that promote the wellbeing of both the people and the planet.

Taheera obtained her CA in London UK, at KPMG LLP, working with a diverse set of clients ranging from medium sized to large corporate enterprises. While at the firm, she developed a passion for providing quality customer service and delivering value to her clients. Following this, she spent four years in Toronto working at McCain Foods Limited on their global finance team in a number of different roles. ​Taheera's unique global corporate experience results in a skill set that allows her to understand her clients' needs and provide optimal solutions for their success.

Outside of work, she is a proud mother (superhero) of two young children. She love exploring the planet’s diversity and has travelled to over 35 countries. She is a lifelong student of the spiritual teachings of yoga and holds a 200-hour training certificate. And last, she has been a bookworm for most of her life and she loves nothing more than a good piece of fiction.

Key Takeaways:

1. Find what you enjoy and start working towards it- Friends and family suggested to Taheera that she should start by working on what she knew she could offer, get some clients, and then work up from there. This advice was helpful to a certain degree. She started with traditional accounting and then moved towards a slightly different route. She realized that she enjoyed the business packages rather than traditional accounting. So she let go of the fact that a lot of people were doing that and instead focused on what she enjoyed.

2. Have a plan- Taheera shared a quote by Benjamin Franklin which said: if you fail to plan, you are planning to fail. With any goal that you have in life, you have to plan it out. A majority of people want to make more money in their businesses, but without focusing on that idea, it cannot happen. When we understand that, the next step is to create a detailed plan.

3. Set aside time to look at your finances - Keep your books up to date. Set aside time to get all your data together and then analyze that data. Look at the statements of profit and loss. You need to face the data whether it is good or not. Then you can start to set goals for the next year because you have data on the things that worked and the things that didn't work.

4. Understand your relationship with money - a lot of us have negative experiences with how we’ve interacted with money in the past which shapes our behavior. In our society, money is a very sensitive topic, and it has caused trauma for many people. With these past negative experiences, we no longer know how to deal with money or possess the skill set. Due to this alot of people focus on figuring out every other business aspect first, and figure out the money after. That is simply not possible. The only way to be successful is to understand and deal with the money.

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ABOUT FIYIN:

Fiyin Obayan is the founder of Okiki Consulting, where she helps business owners communicate their personal brand or company brand stories through video content, in order to communicate to their target audience.

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