A common expression in the personal finance community is that money is freedom. While everybody will require different investment balances to achieve financial independence, a good place to start is by working toward being a millionaire. An investment balance of $1 million would generate $30,000 in annual dividend income, assuming a 3% dividend yield. That's not enough to live a life of luxury, but combine it with a Social Security disbursement and it should be enough for most retiring individuals to cover many of the basic necessities in life.

With that in mind, here are three stocks that can help you to build wealth and grow your dividend income over the next 10 to 20 years. It might even help you reach that millionaire goal.

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Source Fool.com