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.

Who’s in control? You. No one else. In the latest podcast episode, Matt Hall reminds listeners that they are 100% in charge of what they focus on. Also, hear Matt’s all-time favorite personal finance story told by Morgan Housel, past podcast guest, and best-selling author. Listen to the episode on Apple or below.

To get a copy of Morgan’s book, email Matt (matt@hillinvestmentgroup.com)

Finance author and TLV podcast guest Morgan Housel recently wrote a five-step guide on “How to Do Long Term.”  In Housel’s words…

Read his rules to live by here.