The classic get-rich-quick scheme is called a scheme because, well, it’s a scheme. Can you get rich quickly? Maybe. But I’ll tell you what.
In the pursuit of such a thing, you’re far more likely to lose everything and end up quickly poor. Getting rich slowly isn’t sexy. That’s why it’s not a scheme.
But if you have some patience and can let compounding go to work for you over the long term, you’re almost guaranteed to not end up poor.
In fact, boring, obvious, everyday companies you see all around you are slowly making people incredibly wealthy. How wealthy? You might be surprised.
Today, I want to tell you about three millionaire-making Dividend Aristocrats that are making their shareholders rich. Ready? Let’s dig in.
The first Dividend Aristocrat that is making its shareholders rich is Johnson & Johnson (JNJ).
Johnson & Johnson is a global healthcare conglomerate.
Johnson & Johnson is about as obvious and boring as it gets. You and everyone you know has heard of Johnson & Johnson. They make the pharmaceuticals, medical devices, and consumer products that people all over the world rely on. That’s how they became a $455 billion by market cap company.
But boring isn’t a bad thing. Boring can be beautiful. Especially if you like making money.
Johnson & Johnson is a Dividend Aristocrat, which is a special status reserved for stocks that have increased their dividends for 25 or more consecutive years. Only the best of the best businesses can do such a thing because of how difficult it is to manage something like that. Johnson & Johnson has actually increased its dividend for 59 consecutive years. They’re a Dividend Aristocrat more than twice over. With more than 50 straight years of dividend increases, it’s a Dividend King
This is a classic blue-chip Dividend Aristocrat that is making people rich.
Investing $5,000 into Johnson & Johnson 30 years ago would have turned into more than $230,000 today, good for a compound annual rate of return of nearly 14%.That’s almost 50 times your original starting sum. On a boring, everyday business that anyone can understand. Is 30 years quick? No. But whereas people all over the place are falling for sad crypto scams and losing all of their money, Johnson & Johnson just quietly and slowly compounds its shareholders money.
The second Dividend Aristocrat I want to tell you about is Procter & Gamble (PG).
Procter & Gamble is a multinational consumer goods company.
You know Procter & Gamble. And if you think you don’t, you do. That’s because you at least know its many brands. Think Crest, Downy, and Gillette. Their brands are so broad and powerful, the company has 25 different billion-dollar brands. They’re slowly making their shareholders millionaires on the back of these brands doing billions in annual sales. And that’s built the company’s market cap into $345 billion.
Soap and toothpaste? It’s that simple to get rich?
Yep. It really is. But the hard part, of course, is having the patience to see the compounding process play out and let that investment quietly build success for you over years and years. A lot of people can’t do that. But what makes it easier with these high-quality Dividend Aristocrats is the reliable, rising cash dividends they send to their shareholders, which gives them that constant source of income and taste of success while they wait for the big payoff. Indeed, Procter & Gamble has increased its dividend for an incredible 65 consecutive years.
While those dividends grow, so does the stock.
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