ENOCH OMOLOLU

933 Flips | 20 Magazines | 6 Likes | 10 Following | 91 Followers | @Investocrat | I write on personal finance topics relating to money, DIY investing, real estate, frugal living, productivity, & more at www.SavvyNewCanadians.com

Felicity Cloake’s barbecue masterclass: jerk chicken – recipe

Jerk chicken is one of my favourite things to barbecue. I’d even go as far as to say that, with a few honourable exceptions , it’s about the only chicken dish worth the grill space. You can also use this sweetly aromatic, unapologetically fiery Jamaican rub on goat, mutton or pork belly.<p>Serves …

Cooking

That new house costs a shocking 50 per cent more — thanks to government

Suppose you can build a house for $250,000 and sell it for $400,000. Should you? Personally, I wouldn’t, because I don’t know the first thing about …

Housing

Bill Morneau pressed to reveal true costs of carbon tax for Canadian families

Conservative MP Pierre Poilievre repeatedly tried to squeeze answers out of Finance Minister Bill Morneau during a marathon Commons session Tuesday …

Canada

Looking for Yield: How Real Estate Can Provide Current Income

The world of safe investments has never been a get-rich-quick playground. But at current interest rates, it’s more like a get-poor-slowly sinkhole. …

Real Estate

Investing 101: Understanding Bonds and Their Place in Your Investment Portfolio

Bonds belong to the family of fixed-income securities. By fixed-income, it infers that when you invest in this asset class, your income (return) is …

Finance

How To Generate Regular Income From Your RRSP in Retirement

Registered Retirement Savings Plan (RRSP) are a great tool for saving towards retirement. Whether you choose to retire early or plan to work until …

Retirement

CanSpace Review: Web Hosting Provider and Domain Registrar in Canada

This is a sponsored post by CanSpace Solutions. All views and opinions expressed represent my own. CanSpace solutions is a Canadian web hosting …

Web Design

Opinion: All financial advice includes conflicts of interest (even a fee-only service), so invest with eyes wide open

I began writing about personal finance to create a positive outlet for the anger, regret, and pain I experienced because of investing mistakes I made …

Retirement

How Canada’s big banks are plotting to dominate the ETF world

Canada’s big banks are muscling into exchange-traded fund offerings and forcing a transformation of an industry dominated by independents, even while putting at risk the high profits and huge asset bases of their traditional mutual-fund businesses.<p>With a fourth Canadian bank recently announcing …

Investing

Here’s how a family of 4 could save $3K in groceries every year

You probably already know there are things you could do to tighten your grocery budget.<p>If you shop while hungry, for example, you’re more likely to …

Personal Finance

Weekend Reading: Variable Mortgage Rates Edition

Fixed mortgage rates have been going up, rising to multi-year highs as the yield on the Government of Canada’s 5-year bond continues to rise. …

Canadian Real Estate

Simplii Financial Review: Start Earning On Your Chequing Account

On November 1, 2017, PC Financial was re-branded as Simplii Financial direct banking, with CIBC taking over the day-to-day banking services …

Personal Finance

Guido Amsel Guilty Of Attempted Murder For Sending Letter Bombs To Ex-Wife, Lawyers

He also sent bombs to two lawyers.<p>WINNIPEG — A judge on Thursday found a Manitoba man guilty of attempting to murder his former wife and two lawyers …

Crime

HSBC undercuts BMO, TD on variable rates as mortgage fight escalates

HSBC Canada cut its five-year variable mortgage rate to 2.39 per cent as banks compete for customers amid a slump in home sales.<p>The Canadian division …

Canadian Real Estate

This Is How Much Money People Think You Need to Be Rich

A new survey sheds light on how high your net worth needs to be to feel wealthy. Here's why it's not that simple.<p>Everyone has a different idea of what it means to be rich. For some, it’s living large like Nicki Minaj or Elon Musk. For others, it’s their college roommate Malik who always manages to …

Personal Finance

Why Do Annuities Have Such a Bad Reputation?

It mostly boils down to confusion, commissions, and fees.<p>Running out of money in retirement is such a major concern that many workers fear it more …

Retirement

Variable rate mortgages are looking mighty good right now

Variable rate mortgages haven’t looked this attractive in years.<p>That’s not to say they’re the right choice for people buying a home or renewing a mortgage. If you have some financial stress in your life already, a fixed-rate mortgage is a better choice. But if you want to lock down a very low rate …

Canadian Real Estate

Regulations cost single-family home buyers in Canada’s hottest housing markets an extra $229,000 on average, C.D. Howe finds

TORONTO — Buyers in Canada’s most overheated real estate markets paid an average of $229,000 extra per home between 2007 and 2016 because of …

Canadian Real Estate

‘They could have scored four’: Winnipeg Jets bemoan the few careless minutes that cost them Game 2

WINNIPEG — Blake Wheeler liked 57 minutes of Monday’s game between Winnipeg and Vegas. The other three minutes, not so much.Tomas Tatar and Jonathan …

Ice Hockey

Average house price fell 11% in past year, CREA says

The average price of a Canadian home declined by more than 11 per cent in the 12 months up to April, the Canadian Real Estate Association said …

Canadian Real Estate

TD Bank drops 5-year variable mortgage rate as competition among big banks heats up

TORONTO — TD Bank is looking to attract more homebuyers with a hefty discount to its variable mortgage rate as competition among Canada’s biggest …

Canadian Real Estate

TD Bank joins BMO in offering 2.45% variable mortgage rate

TD Bank is joining the Bank of Montreal (BMO) in offering a highly discounted variable mortgage rate as competition among Canada’s biggest lenders …

Canadian Real Estate

Caddle Review: A Juicy Cash Back App For Canadians

The post Caddle Review: A Juicy Cash Back App For Canadians appeared first on Savvy New Canadians.

Apps

6 Things That I Will Never Buy New Or At Full Price

I am not a spendthrift. I am fully on-board with the idea of FIRE – i.e. Financial Independence, Retire Early. I consider myself a “sensible” frugal …

Personal Finance

Is it time to bail on Aeroplan?

<b>A few weeks ago, a friend of mine</b> who’s a longtime member of the Aeroplan loyalty program received a rather misleading email. It breathlessly announced “the beginning of a new Aeroplan,” and it linked to a promotional website promising “the power to reach your travel plans faster” while providing …

Air Canada

Winnipeg seeing driest conditions in almost 40 years

Winnipeg has not seen any measurable precipitation in 31 days.<p>The last time there was a dry spell like this, was 1976. That year the city went 47 …

Winnipeg

As commodities show strength, four ETFs to consider

The economic conditions that sparked a commodities boom have long passed, but things may be looking up. In fact, Goldman Sachs recently argued that the case for owning commodities has “rarely been stronger” than it is now.<p>Commodities encompass a broad spectrum of the global economy, including crude …

Investing

Housing crisis to hit Canadian seniors, as retirement homes fail to keep up with demand

A new cohort is joining young Canadians and others frustrated by sky-high rents and soaring housing costs: seniors.<p>A looming affordability crisis is …

Housing

How Much Money Do I Need to Retire? What’s My Magic Number?

When you ask yourself, “How much money do I need to retire,” wouldn’t it be great to know <i>exactly</i> how much money you need to be comfortable for the …

Retirement

6 Ways to Fool-Proof Your Finances and Save Every Month

In addition to being an entrepreneur and an angel investor, I’m a Certified Financial Planner, which means people ask me a lot how I handle my own finances.<p>I have a system, of course, and most of my bills and deposits are automated so that I’m sure I never miss a payment. But fool-proofing is a …

Personal Finance