20 Don’t get sucked down the rabbit hole
When bidding at auction, set your price limit and stick to it. Auctioneers have a knack for making each bid sound like it is only a few extra dollars more, and that paying extra will be worth it in the future. However, the bank may not agree, which means you might have to find an extra $50,000 yourself, or even default on the contract. So don’t allow yourself to get sucked down the auction rabbit hole.