Managing one's finances isn't always easy, but it needn't be that difficult either. In fact, in this Internet age of limitless resources and financial blogs, we already have it easier than our forefathers did. Yet, whereas the older generation leaned towards frugality and savings, our generation seems to be splurging away our wealth instead. But if you're on this side of the world with me, where we're all working hard in hopes that we can achieve financial stability and freedom soon, here's an easy formula to follow (especially for the beginners): The 3 "I"s : Income, Insurance, Invest. Rule #1 : INCOME - Build up source(s) of cashflows. In order to accumulate wealth, you need to first build up a stable source (or multiple sources) of income. Get a job that pays fairly, or set up a business yourself. Focus on self-improvement and learning new skills so that you stay ......