How do I make jQuery wait for an Ajax call to finish before it returns?

If you don’t want the $.ajax() function to return immediately, set the async option to false:

$(".my_link").click(
    function(){
    $.ajax({
        url: $(this).attr('href'),
        type: 'GET',
        async: false,
        cache: false,
        timeout: 30000,
        fail: function(){
            return true;
        },
        done: function(msg){ 
            if (parseFloat(msg)){
                return false;
            } else {
                return true;
            }
        }
    });
});

But, I would note that this would be counter to the point of AJAX. Also, you should be handling the response in the fail and done functions. Those functions will only be called when the response is received from the server.