Become a Money Rebel

7 tips to avoid the mistakes the average person makes and be on your way to financial freedom

What is a Money Rebel?

Money (adjective muhn-ee) - legal tender.

Rebel (noun reb-uhl) - someone who exhibits great independence in thought and action.

A money rebel is a person that does not follow society's norms when it comes to the handling of their personal finances. Sadly today, there are many people living paycheck to paycheck, in debt and struggling to get out of dire financial situations, yearning for financial freedom. On the other hand, a money rebel will have enough money to enjoy life fully now while planning for an early, secure retirement.

Why you need to be a money rebel.

This probably won't come to you as a surprise but the average person in America today is in financial trouble. They may not be going bankrupt or having their home foreclosed on; however the typical person is in debt, will have a tough time affording retirement and most importantly is not able to afford the lifestyle they desire because they lack the practical money skills needed.

• 43 percent of working-age households are not likely to have enough retirement income to replicate their current standard of living and achieve financial freedom. (CNN Money)
• The American public has been spending more money than it has earned after taxes since April 2005. (U.S. Commerce Department)
• Household debt in 2007 is at record high levels relative to disposable income. (Federal Reserve)
• Nearly two-thirds (63%) of Americans acknowledge they don't save enough (Pew Research Center)

Who should become a money rebel?

Anyone looking to achieve financial freedom should become a money rebel. This will give you more free time, the ability to live the lifestyle of your dreams and avoid the stress associated with living like most people do - with financial worries and stress.

Ages 15 to 30 - You have a huge advantage. Start on the money rebel path early, learn practical money skills and enjoy the benefits of compounding interest. Just by saving a few hundred dollars a month, starting at age 18, you could find yourself a millionaire by age 45.

Ages 30 to 50 - These are critical years to prepare for retirement and gain financial freedom. For those in this age group that are parents, make sure to encourage your children to become a money rebel and give them the tools necessary to make it financially in the real world. Remember practical money skills are not taught in school.

Ages 55+ - It is never to late to become a money rebel. Anyone can achieve financial independence within 12 years by educating yourself and by following a simple plan.

How do I become a money rebel?

There are simple steps you can take to securing your financial future

• Educate yourself. Remember they didn't teach us about practical money skills in school so it's up to you. Take control of your financial future by setting aside 30 minute a night to improving yourself.

• Financial Freedom goals. What motivates you? Is it a second home on the beach, a trip you really want to take or having free time to spend with loved ones? Once you decide what you want out of life, write financial goals that will encourage you to achieve your dreams.

• Team. Your team should include a trusted tax advisor, financial mentor, and personal growth coaches.

• Financial plan. Develop a step-by-step financial plan so you can achieve your life goals. Write down how much your going to save each month, where you will invest your money and for those in debt develop a plan to get out of the red.

• Saving. Start saving immediately; this is the backbone to your financial success.

• Invest consistently. Consistent savings and investing will lead to long-term wealth and financial freedom. Set-up and automate your investments so they're made automatically for every month. It takes an hour to set up then all you have to do is check your statements from time to time.