The Economics of Beginning on Guitar

Electric Guitar
My favourite sorts of hobbies are those where there are initial start-up costs, after which point the ongoing maintenance falls off considerably. Chess, for instance, costs ~$20 for a decent chess board that comes with a travel canister to roll the board into along with the pieces. Aside...
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Site Update #1

I’ve been receiving some feedback regarding the site’s recent inactivity. My apologies! It’s been a busy time over the past two months and I’d like to just provide a bit of an update. Musical While posts to this site have been lacking, progress has (at least) been made...
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Mortgages Count as Debt

I started reading about personal finance in earnest when I was around 19. One of the great debates involves debt and when it is sensible to use it for personal or investment purposes. Some camps maintain that there is both good debt and bad debt while others believe...
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Working On Your Dream

“Youth is wasted on the young.” – George Bernard Shaw The older I get, the more I notice changing seasons. When we’re young we truly take for granted that our lifespan will continue on forever. There will always be tomorrow to finish what we left undone today. There...
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Are Dividends The Only Option?

As a self-proclaimed “Dividend Growth Investor” (DGI), I firmly believe the best path to success in the stock market is to focus on cash flows by investing in high quality dividend paying companies. As dividends rise and are reinvested, returns compound for the patient investor. The best dividend...
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Weekend Reading #1

One of the great joys of the Internet is being able to connect with and learn from other people from around the world. Much of my dividend growth investing strategy has been influenced by reading other bloggers and authors and then taking what I’ve learned to create my...
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Oil

With the decline of the Brent crude oil price over the past year, one of the most common questions I have been receiving is how to play this development. Over the past few years we have seen oil trade above $120s to the recent depths below $30. While...
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Compound Interest

When an investor makes a loan, they typically expect the recipient to pay interest to compensate for use of the money. So, on a loan of $200 with an interest rate of 10%, the investor would be paid $20 of interest. As much as receiving 10% on a...
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Book Review: David and Goliath

Summary Through history, we have grown accustomed to view strength and size as some of the most important advantages in life. We have heard the bigger, the better repeated as an unquestioned mantra of power. Gladwell asks us to reconsider life to see what we can learn from...
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2016 Goals

Having just completed my review of 2015, it is time to leave the past twelve months and project ahead for the dozen to come. Rick will be providing his goals in a separate article (or I may simply amend this one when he’s got his down on paper)....
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2015: Year In Review

Self-reflection is a continuous process. The self-aware individual is constantly assessing what they’ve done and what they’re doing to figure the best way to proceed going forward. The end of the year, however, serves as a logical place to take a breath and actually take stock of how...
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Reading List For 2016

Every year I set a goal to read plenty of books. I’ve realized, however, that I haven’t been nearly specific enough about this and as a result tend to read less than I would like to. This year I’ve created a specific reading list that should help me...
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Have You Finished Your Christmas Shopping?

We’ve all heard the question. Getting this close to the holiday season means being bombarded with questions from family, friends, and even downright strangers regarding our spending habits. Everyone wants to know whether you’re giving or whether you’re Scrooge. There is no in between for so many. How...
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Financial Proverbs 2.0

As a lover of books and all things textual, I have been keeping a record of quotes and inspirational snippets throughout my life. Over the past decade as my interest in personal finance has increased, I’ve taken to compiling financial proverbs as well; I find these can be...
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Black Friday Shopping

The American Thanksgiving holiday is known for many things. From a time to gather together as friends and family to enjoy turkey and treats to the full Thursday lineup of NFL football, there is much to look forward to. This also marks one of the largest shopping extravaganzas...
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Activist Investors

It is commonly accepted wisdom that to improve at a given vocation, taking on a mentor who has done it before themselves is a beneficial endeavour. In the absence of a mentor to coach oneself directly, it is likewise advantageous to observe and mimic the behaviour of experts....
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Activity Update, November 2015

It’s been more than two weeks since our last post here on GRB. This marks the longest period of inactivity since we launched the site in July of last year. While we haven’t been idle, we just haven’t had a great chance to post. As a result, I’m...
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Recently Featured

We’ve said it before and we’ll say it again; the greatest pleasure of maintaining a website has been to collaborate and share with other likeminded investors. We were recently contacted from Jimmy at Dividend Reference to share some tips related to personal finance generally and dividend investing at...
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Liberal Majority Government

Politics in Canada. Hum. There’s usually not a whole lot to report on this front. Canadians are a very easy-going bunch. We don’t make too much noise and generally don’t get together as a group on many issues beyond sports like hockey and the Blue Jays (yes, baseball...
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Introducing The Financial Freedom Dictionary!

The hardest part of learning any new skill is getting started. Time and time again when I am discussing the concept of financial independence with interested parties, they say they feel lost from the outset because they simply have not learned the language. We would like to introduce...
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5 Things To Do In The Morning

A few mornings ago I woke up at 4:30a.m., an hour before my alarm clock. Struggling for a few moments on whether to go back to sleep or make use of the time, I decided to get up and head to the gym. The 24-hour gym we have...
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Foreign Exchange

As a Canadian living in a border town, discussion surrounding the conversion between CAD and USD is particularly pronounced. A huge number of people in my area go South of the Border to do their groceries where certain products such as dairy are significantly cheaper. This phenomenon has...
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Watchlist For October

I have been preaching quite a bit recently regarding the importance of keeping a watchlist on hand for fire sales in the stock market. With rampant volatility run amok, being prepared with some stocks you’d like to own and knowing the prices you’d like to pay is critical...
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Put Your Money Where Your Mouth Is: $8,000 Invested

I’ve been doing a lot of talking around this site recently regarding the state of the stock market generally. With +2% oscillations coming almost daily, there has been no shortage of headlines to filter through. One of our most trusted rules of investing is that downturns represent opportunities....
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Recent Buy: Bank of Nova Scotia

The recent volatility in the stock market has demonstrated the importance of keeping a watch list of stocks on hand. This way, when equity markets crater downward it is possible to move quickly without needing to go into a full analysis of stocks and potentially miss an opportunity....
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How To Win In Choppy Markets

We have witnessed an exciting summer on the investing front. Markets have been oscillating between extremes as the banter has continued regarding a potential default in Greece, the Chinese slowdown situation, among other headlines. Today alone witnessed a 1,000 point drop in the Dow which is, as it turns...
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Financial Proverbs 1.0

One of the easiest, most effective ways to learn about any subject is by purveying available proverbs for bite-sized snippets of wisdom. I am hoping to share additional proverbs as time goes on with each of these posts featuring around three apiece. “Wealth is lost in three generations.”...
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Five Year Plan

My journey to financial independence can be traced back roughly to the year 2006. To my best recollection I was around 19 when I first stumbled across the book, Guide To Getting Rich by Robert Kiyosaki. It is one of Kiyosaki’s lesser-known titles and certainly far less heralded...
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Baby Blog: Months 4-7

You can read Part I here. You can read Part II here. In the third installment of the four part baby blog series I will be reporting from months 4-7. The Financial Side Westley’s personal bank account is now over one thousand dollars simply from gifts from family...
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2015 Mid-Year Review: Part II

You can read Part I here. This is the final segment to my Mid-Year Review. In this section I will give an overview of what has taken place with my U.S. stock portfolio. U.S. Companies The Coca-Cola Company (KO): KO is a core holding for my portfolio and...
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2015 Mid-Year Review: Part I

You can read Part II here. With June now firmly in the books and the GRB Anniversary being complete, we are now half-way through twenty-fifteen. As at the beginning of each year it is good practice to take measure of where we have been and where we would...
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GRB Anniversary – Year One

July marks the first year anniversary of The Get Rich Brothers. There have been countless learning opportunities over the course of this journey and we would like to share some of what has made this past year so special. Through 53 total GRB articles, here is what we...
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Greece

It is an interesting fact of life that as we age, an increasing number of ideas that we take for granted are shaken up. I remember as a youngster believing that banks and governments were impregnable fortresses of financial granite. Before immersing myself in the world of finance,...
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Elevate Your Standards

One of the ways we experience life is to compare ourselves with those around us. While it is never a good idea to do so jealously, I believe it is important to observe the behaviours of the people around us. It is one way to see whether their...
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Can Trump Make America Great Again?

The news broke this past Tuesday that Donald Trump, real estate mogul and reality television star, will run for the office of the President of the United States. He announced his bid which involves his intention to Make America Great Again. As part of his appeal to the...
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Question Everything

How many unquestioned beliefs do you hold? How many unchallenged rules do you keep in your mind that control your behaviour? If you want to Get Rich, you need to question all of them. Why does our society believe clothes need to be washed thoroughly with cleaning detergent...
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Book Review: The Millionaire Mind

Summary Are the richest people in the world extravagant spenders? Do they live with flare and spare no expense in their personal lives as a reward for having earned from business or inherited their wealth? Our author in this read, Thomas J. Stanley, sets out to find the...
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The Eternal Optimism of Investing

Why do people invest? Why do we set aside money that we could be using today for any other purpose? What drives us to forego present benefit for some esoteric version of what the future might hold? The answer is simple: To invest implies an eternal optimism. The...
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The Get Rich Investment Plan

Formalizing our investment plan and process has been a long time in the making. While we have generally been clear about what we invest in, this document will serve as a one-stop guide in terms of how we, the Get Rich Brothers, invest our money. General Theory The...
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$1,000 Freelancing In a Month: How I Did It

As you may have noticed, I have provided a few articles on this site which link to further articles written elsewhere. I have been writing lately for a website called Seeking Alpha (SA). The main goal by writing for SA has been to increase readership for this website...
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Build Your Own Pension Plan

Over the years I’ve been fortunate to have the opportunity to speak to and interact with many people and gain from their perspective. I’ve always been fascinated to observe how some people are able to take a challenging situation and turn it into a positive while others take...
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Get Paid Selling Options

The most common method for making money in the stock market is to buy low and sell high. That’s what you’ll hear from even the common person walking the street who has never held a share. Our preferred method for earning a living around here is called Dividend...
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