Dr Enoch Omololu: Helping Newcomers Transition to Savvy New Canadians | Episode 36

November is Financial Literacy Month in Canada. Evelyn spoke to Enoch Omololu, DVM, MSc, whose passion is to help newcomers to Canada with their personal finances. Enoch is a veterinarian and the resident personal finance expert at Savvy New Canadians. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan.

Enoch has been helping others win with their personal finances and has been writing about money matters for over a decade. His writing has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, Credit Canada, MSN Money, National Post, CIBC, and many other personal finance publications.

Evelyn and Enoch cover a range of Canadian personal finance and immigration issues including:

You’re a Doctor of Veterinary medicine. What was your journey, and what led you to launch a personal finance website? What are some of the biggest financial frustrations you’ve seen Canadian newcomers experience? What happens after they get here? Building credit. Buying a home. Setting a budget. Saving for retirement. How is personal finance the same for newcomers - and how is it different? How do you make money now, to turn this into a money-making business? You have millions of website visitors each year - that's impressive. They can’t all be immigrants. Why do you think native born Canadians also visit Savvy Canadians? You’ve also authored several personal finance guides and eBooks. Many highly educated immigrants are coming in, business owners from other countries coming in, but yet they're starting all over again. They need to learn how we can create a financial legacy for our children, the next generation. If an immigrant is successful financially, the chances are that their descendants are going to also succeed. How do you see the financial needs of immigrants changing after they’ve lived in Canada 5, 10, 15 years and longer? Immigrants have taken advantage of those opportunities to grow businesses, establish themselves, become employers themselves. If you could share one piece of financial advice with immigrants before they arrive in Canada, what would that be? Developing a money mindset.