What’s In This Email

• How to avoid becoming “house poor”

• Emirates hosts a hiring event this month in Toronto

• Calgary Stampede records record number of attendees

• Get up, get out, get motivated!

• Notable Spotlight: The Water Lantern Festival

• Notable Listing: 344 Wellesley St. E

• Notable Plug 🔌

✍️ TAKE NOTE

How to Avoid Becoming "House Poor" and Ensure Financial Health

Owning a home is a dream for many, but it’s crucial to avoid becoming "house poor"—a situation where most of your income goes toward housing costs, leaving little for other needs. Here’s how you can navigate homeownership without compromising your financial well-being.

Key Takeaways

• Understanding "House Poor": Being house poor means most of your income is consumed by housing costs, leaving little for savings or enjoyment.

• Budget Wisely: Create a comprehensive budget before purchasing a home to understand all associated costs.

• Estimate Ownership Costs: Include utilities, maintenance, property taxes, and home insurance in your budget.

• Follow the 30% Rule: Keep housing expenses below 30% of your income.

• Consider a Larger Down Payment: This can reduce monthly mortgage payments and make homeownership more affordable.

What Does It Mean to Be "House Poor"? Being house poor involves high housing costs relative to your income, making it hard to cover other expenses. Key factors include:

• Mortgage payments

• Maintenance and repair costs

• Property taxes and insurance

• Utilities and landscaping costs

How to Avoid Being House Poor

1. Create a Budget Before You Buy:

   • Determine a realistic monthly mortgage payment.

   • Stay within your budget despite the temptation to upgrade.

2. Estimate Home Ownership Costs and Utilities:

   • Consider all expenses, including utilities, maintenance, and repairs.

   • Account for seasonal costs like heating and cooling.

3. Use the 30% Rule:

   • Keep total housing costs under 30% of your income.

   • Joint buyers can use combined incomes for a more flexible budget.

4. Make a Larger Down Payment:

   • Reduces monthly payments and long-term costs.

What If You’re Already House Poor?

• Refinance: Look for better interest rates to lower payments.

• Rent Out Space: Generate extra income from unused rooms.

• Downsize: Consider moving to a more affordable home.

Why It Matters: Avoiding the house poor trap ensures that your home enhances your quality of life instead of restricting it. By budgeting wisely, planning for all costs, and keeping expenses manageable, you can enjoy the benefits of homeownership without financial stress.


Read the full article here.

Emirates Hosts Hiring Event in Toronto This Month

One of the world's most luxurious airlines, Emirates, is on the lookout for new cabin crew members and will be hosting a job fair in Toronto this July. Here's how you can join their team.

Key Takeaways

• Job Fair Details:

  • Date: July 29th, 2024

  • Time: Starting at 9 AM EST

  • Location: Hilton Toronto, 145 Richmond St W

• Dress Code Requirements:

  • Women: Neatly tied hair, full makeup, business attire, and heels.

  • Men: Neatly presented hair, clean-shaven, suit or smart business attire, and formal shoes.

• Eligibility Criteria:

  • Fluency in English (additional languages are a plus).

  • Team player with a vibrant personality.

  • Minimum height of 160cm, able to reach 212cm.

  • At least 21 years old.

  • Meet UAE’s employment visa requirements.

  • At least one year of hospitality or customer service experience.

  • Minimum Grade 12 education.

  • No visible tattoos in uniform.

Benefits of Joining Emirates:

• Tax-free salary.

• Excellent medical coverage.

• Accommodation and transport provided.

• Concessional travel benefits.

This hiring fair is an open day, so feel free to drop by and apply. Good luck, Toronto!

Event Information:

• Emirates Cabin Crew Recruitment Day — Toronto

• When: July 29th, 2024 at 9 AM EST

• Where: Hilton Toronto, 145 Richmond St W

Happy job hunting, Toronto! We believe in you.

Read the full article here.

@doziemusic

Calgary showed the hell out! #brysontiller #yyc #fyp #stampede

@lomalomusic

This is Amber Wagner/jstlbby! #housemusic #affirmations #positivevibes

The Water Lantern Festival

July 26 - September 28

@curiocitycanada

That Rapunzel scene in real life👀 @lily roberti #waterlantern #lantern #festival #toronto #kitchener #ottawa #lanternfestival #rapunzel #c... See more

Learn more.

Nestled in coveted northern Cabbagetown, this 3-storey, rare 4-bedroom Victorian brick home exudes historic charm and modern elegance. Situated on one of the most sought-after streets in the area, it is part of one of the largest neighborhoods of preserved Victorian homes in North America. Featuring soaring ceilings over 9 ft high and a modern kitchen, this house showcases beautiful design and functionality.

The neighborhood exudes architectural charm and community spirit, with congenial residents and a family-friendly atmosphere. Steps from Wellesley Park, the site of the annual Forsythia Festival, complete with a new splash pad and the gated Forsythia playground. Also nearby is the must-see Riverdale Farm and Park.

Contact Bethany King about this listing.

🔌 NOTABLE PLUG

🎙️ Get Into It: Broomgate podcast. For years, players have been too afraid to talk about it. But now, the truth about a broom that almost destroyed curling is finally coming out. Throughout six episodes, semi-professional curler and fully professional comedian John Cullen (Blocked Party) exposes the unbelievable, never-before-told scandal that rocked the sport of curling. Yes, curling. Listen on Apple or Spotify.

📄Notable Hires: Senior Strategic Director, Parks, Forestry & Recreation Division @ City of Toronto(on-site, Toronto)

🎓 Hope This Helps: Meco. Free your newsletters from the inbox. Move your newsletters to a space built for reading and declutter your inbox in seconds.

🌍 Notable Destinations: Calgary to Texas ($342 - $2150) Dates: August 14 - August 23. Click on this link to see the deal.

🧠Today We Learned: Province House in the British colony of Prince Edward Island was completed in 1848. It housed the 1864 Charlottetown Conference which led to the birthplace of Canada's Confederation in 1867. However, the conference's original intent was only to discuss a Maritime Union.

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Notable Life is Canada for young professionals, entrepreneurs, and culture generators operated by The Notable Group. Notable Daily inspires ideas and sharpens the minds of over 40,000 top-tier professionals in competitive industries.

Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.