The best advice of Ramit Sethi is neither mystery nor magic, but mathematical

Almost everyone can learn to be good with money, according to financial expert Ramit Sethi.

"It's not that difficult, it's not a mystery, it's not magic, it's just maths, it's completely understandable," he says. he told Business Insider.

Everyone is fighting his own "Invisible Money Scripts", writes Sethi in the latest issue of his hit book "I'll Learn to Be Rich". These are messages we tell ourselves about money, often based on ideas or perceptions that we have collected from our parents or peers when we were kids.

Among the most common money scripts are "money changes"; "credit cards are a scam"; or "the stock market is the game." To effectively manage money, we need to "rewrite" our scripts, Sethi said.

"You might think," I'm not the kind of person who is good at money, "but you can actually get very good at money – and the bar is so low," he told Business Insider. "All you have to do is just have your money go where it needs to go – it's not that difficult, you can do it and you can become very good at it. "

Sethi, like many financial experts, encourages the automation of as much of your finances as possible – that's where the math comes in (the good news is that you really only have to do it once). First of all, he said, decide what percentage of your salary you will contribute to your 401 (k) pension plan or whatever. This money will be withdrawn before it touches your bank account, so you will learn to live without that money.

The rest of your paycheck should be deposited into your checking account – it's like an inbox for your money: everything goes in there before it's filtered in the right place, Sethi writes. From your checking account, set up automatic transfers to A) to pay your credit card bill and any fixed monthly fees that can not be paid by credit card, and B) to finance other accounts investment and savings outside of your payroll plan at work. All that is left is yours.

Sethi says that configuring automatic financing and paying bills helps you create a unique, cost-effective system that requires little or no work to maintain.

"Not only are your bills paid automatically and on time, but you save and invest money every month," he wrote. "The beauty of this system is that it works without your participation and that it is flexible enough to add or delete accounts at any time.You accumulate money by default."