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BOI Meets Wellness is a wellness podcast that shares stories, celebrations and challenges of building a wellness ritual as BOI. Someone who is Born Obviously Incredible.

Host Evolve Benton shares weekly well-being tips and interviews incredible people about their journeys.

A new episode drops every Friday. 

We talk Money, Mindset and Motivation. 


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

  • I introduce our guest, Terry Banks


[00:56 – 03:59] Who is Terry Banks?

  • Terry on turning 50 and experiencing joy within


[03:18 – 06:45] Financial Independence, Retire Early

  • Staring her FIRE journey because she doesn’t want to work her whole life
  • Financial independence itself doesn’t solve the problem
    • There should be financial education and knowledge


[06:46 – 08:52] Sharing the Experience

  • Here are the people Terry is most grateful for


[08:53 – 17:16] Patience and Discipline in Saving and Investing

  • Having a budget helps you be aware and intentional about your finances and make sure that your choices are aligned with your heart
  • Terry focuses on pre-investment and laying the foundation before you even make a decision to invest
  • There are a lot of things you can learn when you are saving consistently
  • Know where you stand, do research, and avoid FOMO in investing
  • There’s bad energy if you’re always in fear of losing money


[17:17 – 24:54] Strategies to Thrive in a Recession

  • Terry discusses her experiences when the market crashed
  • It’s essential to have an emergency fund
  • Creating more equity in real estate and having access to money vs. Having your money locked up in a stock investment


[24:55 – 25:52] The Guided Meditation for Wealth

  • Move past the negative thoughts and build a better relationship with money and abundance. Watch the guided meditation on YouTube for free!


[25:53 – 36:13] Happiness Comes From the Inside

  • Terry’s advice: be kind to yourself 
  • Why they decided to retire in Mexico and her passion for coaching


[36:14 – 40:32] Closing Segment

  • Reach out to Terry!
  • Terry answers the BOI Talk and Hop questions

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 





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