Stig Brodersen has invited back Investment expert Cullen Roche to discuss how to optimize your portfolio for financial independence and sleeping well at night.  IN THIS EPISODE, YOU’LL LEARN: 00:00:00 - Intro 00:00:38 - What the difference is between CPI and PCE 00:08:23 - Whether central bankers should be elected?  00:15:24 - What the velocity of money is, and how it impacts inflation? 00:20:23 - What it means for inflation and the US dollar that the world is decoupling  00:25:26 - What a balance sheet recession is and why it is important to understand investors 00:31:49 - Whether the 60/40 portfolio is still working 00:39:06 - Which longer cycle we are missing in the financial markets  00:40:45 - Whether the next 40 years of stock market performance will look like the previous 40 years 00:46:28 - Whether central banks fight global warming?  00:54:43 - Which portfolio to build for independence and sleeping well at night 01:05:44 - Which bias does the new generation of investors have ✔️ Subscribe to the We Study Billionaires channel: https://www.youtube.com/c/WeStudyBillionaires  🎧 Listen to our episodes here: https://link.chtbl.com/WSB 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/episodes/financial-wisdom-w-cullen-roche/ 📖 BOOKS MENTIONED: - Pragmatic Capitalism by Cullen Roche: https://amzn.to/3JQMpZn - Money in One Lesson by Gavin Jackson: https://amzn.to/3jI9JxK - Die With Zero by Bill Perkins: https://amzn.to/3jJIKlG - The Psychology of Money by Morgan Housel: https://amzn.to/3RLELRZ Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 ▶️ RELATED EPISODES: - (TIP486) Macro Investing w/ Cullen Roche: https://link.chtbl.com/WSB486 - (TIP491) Macro And The Energy Market w/ Lyn Alden: https://link.chtbl.com/WSB491 💡 OTHER RESOURCES - Connect w/ Cullen: https://twitter.com/cullenroche - Check out The Discipline Funds: https://disciplinefunds.com/ - Visit Pragmatic Capitalism: https://www.pragcap.com/ - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a special $140 discount: https://bit.ly/3WG6WU3 ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market. 🌍 Website: https://www.theinvestorspodcast.com/we-study-billionaires/  ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN OR WATCH 🎧 OTHER SHOWS FROM OUR NETWORK: 🏆 Learn from high-profile guests on how to succeed in markets and life on Richer, Wiser, Happier: https://bit.ly/3p3pcHZ  💸 Get introduced to the world of investing and business on Millennial Investing: https://bit.ly/3QakOTf 🏘 Learn the ins and outs of real estate investing on Real Estate 101: https://bit.ly/3JDBXm1  ₿ Get updated on all things Bitcoin on Bitcoin Fundamentals: https://bit.ly/3JEE1di  💰 Learn everything you need to know about investing on The Investor’s Podcast Network: https://www.youtube.com/c/TheInvestorsPodcastNetwork  ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ OUR FREE INVESTING COURSES/RESOURCES: 📧Stay up-to-date on financial markets and investing strategies with our daily newsletter, We Study Markets: https://www.theinvestorspodcast.com/newsletters/  📱Check out our hosts’ favorite apps and services for investing, personal finance, and education: https://www.theinvestorspodcast.com/affiliates/  ✏️We Study Billionaires Starter Pack: https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/  🎬 Warren Buffet Investing Course: https://www.theinvestorspodcast.com/warren-buffett-investment-strategy/ 🔥 If that is not enough:  https://www.theinvestorspodcast.com/tip-academy/ MY FAVORITE STOCK INVESTING TOOLS: 💲 (Paid) TIP Finance Tool: https://www.theinvestorspodcast.com/tip-finance/ 🎁 (Free) Fizviz: https://finviz.com/screener.ashx ☑️Complete list of tools I find most valuable: https://www.theinvestorspodcast.com/stock-investing-tools/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ WHO I AM: I’m Stig Brodersen, co-founder of The Investor’s Podcast Network, and host of We Study Billionaires 🎙. I’m an economist with specialty in finance (but please do not hold that against me!) 📈.  However, I see myself as a teacher living out the dream of creating free educational 📚finance content for everyone! ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ GET IN TOUCH WITH ME 💬: I’d love to hear from you! Send me a tweet 🐦 directly at https://twitter.com/stig_brodersen if you’d like to have a quick exchange of thoughts! ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.