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Afford Anything

Would You Shock a Stranger? What a 1960s Experiment Reveals About Your Money Decisions

Afford Anything

Paula Pant | Cumulus Podcast Network

Investing, Business, Entrepreneurship

4.63.4K Ratings

🗓️ 31 October 2025

⏱️ 89 minutes

🧾️ Download transcript

Summary

#656: What would you do if someone in authority told you to do something that felt wrong? Most of us like to think we'd speak up, push back, stand our ground. But research tells a very different story. In fact, when Yale researchers conducted a famous experiment in the 1960s, they found that 65% of people would administer what they believed to be deadly electric shocks to another human being... simply because someone in a lab coat told them to. Today's guest has spent over 15 years studying why humans comply with authority - even when every fiber of our being is screaming that we shouldn't. And when it comes to our money, this tendency to comply with authority figures - from financial advisors to real estate agents to car salespeople - can cost us dearly. Dr. Sunita Sah began her career as a physician in the UK's National Health Service. During one particularly exhausting period as a junior doctor, she agreed to meet with a financial advisor who had contacted her at work. That meeting sparked questions that would shape the rest of her career: Why did she feel pressured to trust this advisor, even after learning he had a conflict of interest? Today, she's a tenured professor at Cornell University, where her groundbreaking research on compliance and influence has been featured in The New York Times and Scientific American. She's advised government agencies, served on the National Commission on Forensic Science, and helps leaders understand the psychology behind why we say "yes" when we really want to say "no." Whether you're meeting with a financial advisor, negotiating the price of a home, or discussing rates with a contractor, understanding the psychology of compliance could save you thousands of dollars - and help you make better financial decisions. Today's conversation isn't just about psychology - it's about protecting your wealth by learning when and how to say "no." Resources Mentioned in the Episode: - Website: sunitasah.com - Newsletter: Defiant By Design | Dr. Sunita Sah | Substack - Connect with Dr. Sunita Sah - Follow Dr. Sah on Instagram About Dr. Sunita Sah Dr. Sunita Sah is a tenured professor at Cornell University specializing in organizational psychology. Her research focuses on how and why people comply with authority, even against their better judgment. A former physician in the UK's National Health Service, Dr. Sah brings a unique perspective to understanding human behavior and decision-making. Her work has been featured in leading publications including The New York Times and Scientific American, and she has served as a Commissioner on the National Commission on Forensic Science. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Happy Halloween. This week, Jerome Powell announced that the Fed would be lowering interest rates by another quarter point, which means the Fed's benchmark interest rate is now between 3.75 to 4%. The mortgage markets immediately took notice for the week of October 26th, the top offers on bank rate, went all the way down to 5.51 percent. That's for a 15 year. The current

0:22.9

average 30-year fixed rate mortgage is 6.1%. That's data according to bank rate as of Halloween.

0:30.1

So mortgage rates are dropping. Right now, inventory is still high, and it continues to be a buyer's

0:35.6

market, but that window is getting shorter. So if you are

0:38.4

interested in buying a home, and particularly if you're interested in buying a rental property,

0:43.2

I strongly encourage you to check out our course, your first rental property. We've welcomed

0:48.0

incredible students into it this week, and we've decided to do something that we've never

0:53.0

done before. We extended the deadline to enroll to Monday, November 3rd.

0:57.5

That is also the first day of class, so we cannot extend it beyond that.

1:02.5

If you have ever considered buying a rental property, I strongly encourage you to go to afford

1:09.4

anything.com slash enroll. Learn more about it. Check it out. Afford affordanything.com slash enroll.

1:11.4

Learn more about it.

1:12.4

Check it out.

1:13.0

Affordanithing.com slash enroll.

1:16.3

Deadline is Monday, November 3rd.

1:18.6

If you have any questions about real estate, you can bring them directly to me at office hours, which we hold once a month.

1:25.8

You can bring me your question.

1:27.2

We can sit there and talk about it.

1:29.5

You'll also be learning from incredible peers.

1:32.5

There's a great community, checklists, spreadsheets, step-by-step guidelines.

1:37.8

It's a tremendous resource for anyone interested in rental property investing, especially

1:43.1

if you're a beginner or if you're

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