$500 For Old Iron Big Bud... 18% Interest Rate Went Bankrupt At The Auction
Автор: Old Iron Farms
Загружено: 2026-01-23
Просмотров: 661
Описание:
A $500 “old iron” Big Bud looked like a steal—until the 18% interest rate turned every bid into a trap. What started as swagger at the auction ended in a cold, public collapse when the math finally spoke louder than ego. One decision later, the winner wasn’t celebrating—they were bankrupt.
What you’ll get from this story:
💸 Why cheap purchase prices can hide expensive outcomes
📊 How interest rates quietly destroy “good deals”
🧠 The discipline of bidding with numbers, not adrenaline
⚠️ What auctions reveal about pride, pressure, and impulse
🔍 How to spot a financial trap before you raise your hand
DISCLAIMER: The stories shared on this channel are fictional and created purely for entertainment purposes. Any resemblance to real events, people, or places is purely coincidental.
#farminghistory #farmstories #oldfarms #farmlife #johndeere #jddealer
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