Are you ready to become wealthy and financially independent? Would you like to ensure that you maintain your financial freedom? Would you enjoy seeing your children and grandchildren obtain financial freedom early in their lives, no matter what their career choice? And finally, would you find satisfaction in the thought of your parents retiring without worrying that they may outlive their money?
If you answered yes to any of these questions, you have come to the right place! For example, if you put $10,000 into a Great Business or DRIP paying a 5% dividend and the Company increases its annual dividend payment by 10% each year, so that in year two you’re earning 5.5%, in year three you earn 6.05% and so on, you’ll be sitting on well over $5 million at the end of 30 years. And this doesn’t even factor in any growth or increase in the share price!
You don’t have to wait 30 years to become wealthy. According to professors Rubin and Spaht, investors who adopt ten- and fifteen-year horizons, investing in certain DRIPs will lead to financial independence for life. “Regardless of the direction of the market, a constant and growing dividend is a never-ending income stream.”
Real wealth is a cash flow generated from passive investments (e.g., DRIPs) that exceeds your expenses necessary to support the lifestyle of your choosing. You do not have to go to work. You may wake up at 6:00 am or noon. You may travel and live anywhere, and your passive income/cash continues to flow into your bank account 24/7 regardless of whether you are awake or asleep.
For a complete explanation of the DRIP strategy and how you can easily implement the program yourself without financial planners, brokers, or money managers, read The Best Kept Secret to Financial Freedom, Amazon.com: The Best Kept Secret to Financial Freedom eBook : Beard Jr., Robert G.: Kindle Store.
We encourage everyone to buy a DRIP a week or at least monthly. Get your children and grandchildren involved early. It doesn’t matter if you buy 10 shares or 100 or more shares at a time, just do it! If you follow the program, you can become financially independent within 10-to-15 years regardless of the direction of the stock market. You are buying an income stream or dividends that will ultimately replace your wages or self-employment income; you are not buying a stock at a price hoping that someone else will come along later and pay you more for it.
Here’s our current list of Great Businesses to Buy Now:
1) Johnson & Johnson (JNJ) - $164.38 per share, yield 3.01%, paid/raised 61yrs
2) Coca-Cola Company (KO) - $63.92 per share, yield 3.05%, paid/raised 61yrs
3) ExxonMobil (XOM) - $112.64 per share, yield 3.36%, paid/raised 41yrs
4) Kimberly-Clark (KMB) - $146.91 per share, yield 3.32%, paid/raised 51yrs
5) PepsiCo (PEP) - $177.34 per share, yield 3.05%, paid/raised 48yrs
6) Archer Daniels Midland (ADM) - $59.47 per share, yield 3.33%, paid/raised 46yrs
7) Franklin Resources (BEN) - $19.13 per share, yield 6.36%, paid/raised 43yrs
8) Enbridge Inc (ENB) - $40.39 per share, yield 6.71%, paid/raised 26yrs
9) Int’l Business Machines (IBM) - $200.74 per share, yield 3.30%, paid/raised 28yrs
10) Medtronic PLC (MDT) - $89.89 per share, yield 3.11%, paid/raised 46yrs
11) Clorox Company (CLX) - $165.16 per share, yield 3.00%, paid/raised 46yrs
12) T Rowe Price (TROW) - $101.69 per share, yield 4.76%, paid/raised 37yrs
13) Bank OZK (OZK) - $39.92 per share, yield 3.90%, paid/raised 27yrs
14) Enterprise Products Partners (EPD) - $28.87 per share, yield 7.23%, paid/raised 26yrs
15) Prudential Financial (PRU) - $113.25 per share, yield 4.42%, paid/raised 15yrs
16) Main Street Capital (MAIN) - $48.63 per share, yield 5.97%, paid/raised 13yrs
17) AbbVie Inc (ABBV) - $193.40 per share, yield 3.21%, paid/raised 13yrs
18) Arbor Realty Trust (ABR) - $13.40 per share, yield 13.14%, paid/raised 11yrs
19) Associated Banc-Corp (ASB) - $21.25 per share, yield 4.03%, paid/raised 12yrs
20) Cogent Communications (CCOI) - $73.18 per share, yield 5.45%, paid/raised 11yrs
21) Tyson Foods (TSN) - $65.87 per share, yield 3.01%, paid/raised 12yrs
22) MPLX LP (MPLX) - $42.62 per share, yield 7.91%, paid/raised 12yrs
23) Gaming and Leisure Properties (GLPI) - $51.52 per share, yield 5.90%, paid/raised 10yrs
24) Hess Midstream LP (HESM) - $35.89 per share, yield 7.40%, paid/raised 7yrs
25) Best Buy Co Inc (BBY) - $98.50 per share, yield 3.78%, paid/raised 21yrs
26) CubeSmart (CUBE) - $51.84 per share, yield 3.99%, paid/raised 15yrs
With respect to the above DRIPs, the stock prices will most likely have changed by the time you are ready to act. Accordingly, only acquire the DRIP stocks that have a 3% or greater yield at the time of your purchase.
If you are interested in becoming financially independent, desiring freedom from the 9-to-5 daily grind within the next 10-to-15 years, keep buying DRIP stocks. If you are already retired and don’t want to out-live your money, create a DRIP portfolio, which may allow you to pass on generational wealth. And, if you want your children and grandchildren to obtain financial independence early in their lives, no matter what job or career they choose, and no matter how many mistakes they may make along the road of life, get them started early!
Dum Spiro Spero—While I breathe, I hope.
Slàinte mhath,
Robert (Mike) G. Beard Jr., C.P.A., C.G.M.A., J.D., LL.M.