One of our favorite podcast guests, author Morgan Housel, wrote a piece about “rich” versus “wealthy.” We had to share the quote below that stands out to us.

I want to be rich, because I like nice stuff. But what I value far more is being wealthy, because I think independence is one of the only ways money can make you happier. The trick is realizing that the only way to maintain independence is if your appetite for stuff – including status – can be satiated. The goalpost has to stop moving; the expectations have to remain in check. Otherwise, money has a tendency to be a liability masquerading as an asset, controlling you more than you use it to live a better life.

For the full piece click here.

And if you can’t get enough of Morgan’s writing here’s more.

Past podcast guest and avid fisherman David Coggins recently shared some thoughts on taking the long view in his newsletter, and it feels like you could swap “fishing” for “investing”, and the meaning might remain close to the same:

The Long View – People have a platonic vision of what fly fishing should be, and when they start, they feel like they’re a long way off. Then they get frustrated. I get it. There isn’t a fishing humiliation I haven’t suffered through—tangles, knots, catching the tree behind you, catching the same tree behind you again, falling in the water, losing a fish, losing more fish. That’s all fishing. But fishing is also: being on the water, engaging with the natural world, being in a beautiful place and not looking at your cell phone, and yes, drinking terrifically bad beer. Fishing, for me, is the entire experience and the small disasters along the way are part of the long game.

When I’m with a friend who’s learning to fish, and we get to the water, there’s always a sense of anticipation and a few nerves. I take a moment to say, “I’m happy to be here with you. Don’t worry about mistakes. I’ve made them all. We’re here to have a good time in this beautiful place. It’s going to be a good day.” And it is.

Katie Ackerman is an essential player on our team and just earned a promotion! Hear from Katie in this short video, and then celebrate with us as we announce her new role as Client Service Administrator. Starting in May, Katie will transition to our client service team. It’s a natural fit since she has been consistently available to help with our client’s needs since she joined Hill Investment Group in 2015. You may not hear Katie’s voice on the phone as often, but her time and energy will be more focused on serving you than ever before!

Katie has come a long way since this photo was taken in 2015.