Three boys, Aryan Taheri, 10, Alec Boyer, 11, and Boyer’s brother Shaun, 13, recently launched Santa Clara-based Calsunergy, a company based on the creation of renewable energy products. The young entrepreneurs hope to sell low-cost, high-efficiency solar panels and win first prize at the California Clean Tech Open competition.

These kids are the embodiment of the pioneering spirit shown by entrepreneurs who throw caution into the wind and act on their ideas. Their can-do attitude at such a young age is remarkable, and there’s little doubt these kids aren’t just going to sit back and see where the world takes them. They are creating their own futures.

The book “How Come That Idiot’s Rich and I’m Not,” highlights how actions like the ones taken by the Silicon Valley trio are necessary on the road to success. It covers several wealth-building topics, including the art of taking action on an idea like the eco-friendly start-up created by the California boys.

This book illustrates that it takes more than having the best idea, an Ivy League education or catching the breaks to become rich. It centers around taking action, whether you’re a Harvard graduate or a high school dropout.

You can have brilliant vision, a tremendous concept and infallible business plan, but if you are consumed with fear to act on these, you’ll never become wealthy. You can analyze and prepare for executing a plan till you’re blue in the face. But you have to eventually act and not fear failure. As Leonardo Da Vinci once said, ‘Life is pretty simple: You do some stuff. Most fails. Some works. You do more of what works.’

You have to acknowledge that fear is part of the process and that overcoming it is easier than one thinks. It is also important to “take care of yourself first” by not overextending your financial, emotional, or physical well-being.

You’ll want to ask if you can get immediate coverage. If you need insurance fast, you aren’t going to want to choose a company that can’t guarantee coverage right away. Fortunately, most companies can give you a policy-some within minutes of you filling out an application or form. If you’re looking to insure a motorcycle, you’ll want to ask up front if they cover motorcycles since a few companies choose not to. They consider motorcycles to be a higher risk because of possible serious injuries in the event of a collision.

Ask the representative if you can get a better payment if you go with a higher deductible. If you’re a fairly safe, defensive driver, there’s nothing wrong with having a higher deductible but if you or someone who drivers your car is accident prone, this won’t be the best choice for you. That’s why you’ll want to know if the policy has provisions to cover your teenage children if you let them drive your vehicle. Some policies have this blanket coverage while others do not.

Know if the auto insurance company you’re looking at for a quote offers any bundle servicing. Find out if they’ll give you a discount if you also put your home insurance needs with the company as well. Make sure you specifically ask about discounts as some insurance companies will not automatically offer them.

Ask what type of payment options they have. One of the most convenient ways to pay bills today is either as an automatic withdrawal through a bank account and if you don’t have a bank account, you’ll want to be able to pay it online for convenience sake.

You’ll want to have the above questions answered but you’ll also want to make sure that you fully comprehend what it is your state requires (the minimum) versus what will happen to your financial security if you have an accident and the costs exceed the minimum. You can run into serious financial trouble if you have an accident and there’s a greater injury or property damage cost.

When you get auto insurance, keep in mind that it’s for your protection and if you can afford a policy with more than the minimum requirements, you might be better off to go with that one. It’s always better to be prepared.

A financial plan is not a plan or strategy on how to spend our earnings received from working hard for a boss. Ask yourself these questions

1. What do I think of when thinking about what to do with the income I spend all of my time earning? Holidays, cars, shopping and night life.

2. What do I think of when thinking about how to improve on my income? Thus improving my quality of life! (Borrowing)

Below is not the answer you should be coming up with!

Quick ways to get what you want!

* Borrow from Dad
* Take out a loan
* Open an account
* Get a Credit Card

These are all easy ways to get what we want, thus giving us pleasure. But the after effects are what cause the pain. These are quick ways to financial enslavement. The pain mentioned here is the pain of handing out all your hard earned money, month after month. The best thing to do is to say “No thanks!” to the quick ways of getting what you want and find ways to earn your own money.

The best way is to be an Entrepreneur, looking for and taking advantage of gaps in the market for products or services. Once these have been Isolated, proceed to fill the gap with your expertise and experience in your specific field. The good or bad financial rewards received will be a direct result of the VALUE you provide, so adjust your value and input accordingly.

It would be good for your future financially, to have a well thought out plan of action, with good ideas and strategies to ensure Financial Independence instead of financial ruin.

Many are going to money lending companies rather than commercial banks. This is because the credit companies themselves offer more lenient requirements compared to the traditional financial institutions such as banks. In addition, the loan process is faster and more efficient. However, some companies offer very deceiving loans terms. For example, the trick is to attract potential borrowers, but when it comes to payments, they are surprised with unfair loan conditions.

To illustrate, a recent financial study shows that consumers usually grab the first financial assistance they stumble on, maybe because they desperately search for quick and easy ways to solve their urgent financial needs. One of the most common sought-after financial assistance is a bond loan. For people who are looking for a place to rent, like a condo or a house, bond loans would be a great option. In order to obtain private, this type of short-term loan is interest free for people who are not capable of paying the full rental bond asked for their new condo or house.

Now, here’s a bad scenario: desperate borrowers go to lending firms without having the right information on how these loans work. They ignore the fine print of the loans terms and conditions and just blindly sign the provisions handed by the lenders, thus they might find themselves shorthanded. When this happens, it could be too late to amend things and, instead, find themselves in a deeper financial crisis because a hasty decision.

To avoid the shock of such a scenario, financial adviser are always giving this practical advice to would-be borrowers: Always do some research before making any decision on availing financial loans, like bond loans, and make sure that the offer meets one’s urgent needs. If a person has a bad credit score, he or she should look for bad credit bond loans, which are available in the market. There are some requirements to be able to avail bad credit bond loans:

• Persons applying for bad credit bond loans have to be an Australian citizen of legal age;
• They must have no residential property, mobile home, or even a house boat.
• They meet the required cash savings and the $ 2,500 minimum limit (combined household income).
• The cost of the accommodation they are planning to rent must not surpass 60 percent of the household weekly income.

These are just some of the key requirements necessary to obtain a bad credit bond loan. Nowadays, many websites provide financial assistance with excellent terms that meet one’s urgent residential needs.