Twelve credit cards between two people, a potential $1.3 million lost to interest and fees — these money missteps give Ramit lots to work with.

Watch How to Get Rich: Episode 2.

Key Terms:

• Business plan – Document that describes a new business & a strategy to launch that business

• Financial advisor – A professional who provides financial advice or guidance for clients’ decisions around money matters, personal finances, and investments

• Mortgage – A loan taken by individuals and businesses to make real estate purchases without paying the entire value of the purchase up front