“I’m not a businessman, I’m a business, man.” – Jay Z

Now that you are 18, you have much more financial freedom. You can apply for loans, open bank accounts, apply for credit cards, and sign contracts. However, this independence can also make it east to get in over your head if you are not careful, and your parents do not have to bail you out. It is important to learn the pitfalls, rules and restrictions so that you can enjoy the benefits these opportunities can bring you before making a decision.