Oct 27, 2022
Terry Banks specializes in guiding professionals to efficiently manage their finances so that they can shift from being frustrated with living paycheck to paycheck to achieving their definition of financial freedom. Terry started Bank On It Financial Coaching after heeding encouragement from friends who benefited from years of her informally sharing what she learned along her journey to financial freedom. Through trial and error, she pioneered her way from not knowing if she would ever be able to retire to having the option of retiring early. When she’s not helping others conquer their money fears and tap into their dreams, Terry enjoys standup comedy, reading, gardening, investing, and savoring tequila.
She sits down with us today to talk about stepping into the path of financial independence. She offers insights into what it takes to build a strong foundation in budgeting and investing while having fun. She stresses the importance of happiness and why knowing what brings you joy is key to achieving true financial success.
[00:01 – 00:55] Opening Segment
[00:56 – 03:59] Who is Terry Banks?
[03:18 – 06:45] Financial Independence, Retire Early
[06:46 – 08:52] Sharing the Experience
[08:53 – 17:16] Patience and Discipline in Saving and Investing
[17:17 – 24:54] Strategies to Thrive in a Recession
[24:55 – 25:52] The Guided Meditation for Wealth
[25:53 – 36:13] Happiness Comes From the Inside
[36:14 – 40:32] Closing Segment
Tweetable Quotes:
“Happiness comes from the inside and that helps us to be really frugal and be fine with it.” - Terry Banks
“Who would you be going big for? If you're not willing to downsize for yourself, then that means you're trying to go big for somebody else, for some outside validation.” - Terry Banks
“If someone has a win financially, that means that's one less person being taken advantage of by the structures of the financial services industry.” - Terry Banks
Resources Mentioned:
Connect with Terry at https://www.bankonitfc.com/
Facebook: https://www.facebook.com/bankonitfc
Instagram: https://www.instagram.com/bankonitfc/
Twitter: https://www.linkedin.com/in/terrybanks3/
Learn more about Evolve Benton at https://www.evolvebenton.com/
Listen to more episodes of BOI Meets Wellness at https://www.boimeetswellness.com/
Follow us on Instagram https://www.instagram.com/boimeetswellness/
Follow us on Facebook https://www.facebook.com/BOIMEETSWELLNESS/
Follow us on Twitter https://twitter.com/thebmwpodcast
Check out our new merch store https://www.boigearstore.com/
Get the Money Mindset Journal: https://rebrand.ly/MoneyMindsetJournal
Click here for Kajabi’s 30 days free trial: https://rebrand.ly/Kajabi99
Download StreamYard for your show: https://rebrand.ly/StreamyardBOI
Watch the Guided Meditation For Wealth: https://youtu.be/qSlnH7FDUOw
Hit us up and send us an email at boimeetswellness@gmail.com