It's fair to say that Lin-Manuel Miranda knows a little something about money. Besides portraying America's first Treasury Secretary, Miranda personally made at least $6.4 million during the first year of his hit musical Hamilton's run on Broadway, according to the New York Times. And his bank account will only continue to swell as the show continues a sold-out run in New York and touring shows open across the US and Europe.

But he wasn't always so financially savvy. Earlier in his career, Miranda made a financial mistake that many people in their 20s and 30s are still making today. In an interview with Morgan Stanley, the acclaimed author and actor admitted that when he was starting out, he was so afraid of taking on debt that he didn't get his first credit card until he was 28.

"There is so much I wish I knew about money when I was first starting out my adult life, but in particular, the importance of building good credit," he said. "As a result, even though I had enough money in the bank, I didn't have sufficient credit history to purchase my first apartment." Thankfully, his father could help by co-signing on his mortgage.

Miranda's experience highlights a unique paradox young people face when looking to access loans: It often takes credit to get credit. They key is building good credit, which will help in a myriad of ways throughout your life. They easiest way to get yourself a solid credit history? Regularly using a credit card, since the monthly loan payments are tracked on a consumer's credit report.