Get Rich With Boring Dividend Stocks

Many studies have shown that lack of financial literacy leads to lower net worth and the likelihood of being unprepared for retirement.

With a 13% average annual total return, $100,000 turns into $1M in 19 years. Check out the below table:

A 21-year-old who invests $2,000 in an IRA for 10 years and then stops investing will make more than someone who starts investing at 31 and continues investing until the age of 60.

Your financial dreams can also come true. All it takes is to set aside a small amount of money and invest it in quality companies that pay a decent yield and grow the dividend yearly by a significant amount.