[Ep. 407] A Guide to Building an Abundant Life with Holly Trantham

This episode of the More Money Podcast is supported by National Bank Direct Brokerage, the first broker from a Canadian bank to offer online trading of stocks and ETFs for zero commissions. To learn more and open an account, visit nbdb.ca.

When you’re at the start of your personal finance journey, typically you’ve got one focus — how to get by. That means catching up on your bills, getting rid of your debt, putting money into savings, and getting to a place where you can finally breathe again. But once you’ve scaled that big mountain, where do you go next? That’s where Holly Trantham’s book Beyond Getting By: The Financial Diet’s Guide to Abundant and Intentional Living comes in.

Holly is the creative director of The Financial Diet, where she’s been talking about money on and offline since 2016. This new book is the sequel to TFD co-founders Chelsea Fagan and Lauren Ver Hage’s first book The Financial Diet: A Total Beginner’s Guide to Getting Good with Money. It’s your guide on how to not only get to the next level with your money, but more importantly, how to start feeling good about your money. This means starting to think of money less as a goal to achieve and more as a tool to help you live a life that brings you comfort and joy. It also means determining what does true happiness mean for you outside of money, because money can only help so much.

Timestamps

00:00 Introduction
02:23 Guest Background and Book Overview
07:11 Redefining Success Beyond Corporate Norms
11:15 Understanding Financial Success and Happiness
13:56 The Happiness Threshold and Money
17:41 Community, Relationships, and Wealth
20:58 The Impact of Wealth on Social Connections
23:17 Intentional Spending and Values
26:34 Delayed Gratification and Financial Decisions
31:59 Experiences vs. Materialism
33:32 The Role of Shame in Financial Behavior
37:06 Finding Balance in Financial Freedom
40:07 Abundance vs. Excess
43:06 The Importance of Hobbies and Personal Joy
51:51 Creating Your Own Happiness

Takeaways

Reject the idea of the ‘girl boss’ as a limiting concept.
Financial success should be defined personally, not by societal standards.
Happiness has a threshold that varies for each individual.
Community and relationships are crucial for overall happiness.
Wealth can lead to isolation if not managed mindfully.
Intentional spending aligned with personal values is essential.
Delayed gratification can enhance appreciation for experiences.
Experiences should be savoured, not just checked off a list.
Shame can be reframed positively to encourage better financial habits.
Prioritizing hobbies and personal joy is vital for a fulfilling life.

Things I Mentioned in the Episode

Buy a copy of Holly Trantham’s book Beyond Getting By: The Financial Diet’s Guide to Abundant and Intentional Living
Join The Financial Diet’s Membership
Listen to the Financial Confessions Podcast
I’m giving away copies of all the books featured in this season of the podcast! To enter, visit jessicamoorhouse.com/contests
My free resource library, where you can find budget spreadsheets & more!
Apply to enroll in my investing course Wealth Building Blueprint for Canadians
Register for the next cohort of my Budgeting Together Accountability Group
Check out my shop!

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Transcript

TBD

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