{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Finding Financial Health and Happiness featuring Terry Banks - Episode 66","description":"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\u2019s 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 \u2013 00:55] Opening Segment I introduce our guest, Terry Banks   [00:56 \u2013 03:59] Who is Terry Banks? Terry on turning 50 and experiencing joy within   [03:18 \u2013 06:45] Financial Independence, Retire Early Staring her FIRE journey because she doesn\u2019t want to work her whole life Financial independence itself doesn\u2019t solve the problem There should be financial education and knowledge   [06:46 \u2013 08:52] Sharing the Experience Here are the people Terry is most grateful for   [08:53 \u2013 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\u2019s bad energy if you\u2019re always in fear of losing money   [17:17 \u2013 24:54] Strategies to Thrive in a Recession Terry discusses her experiences when the market crashed It\u2019s 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 \u2013 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 \u2013 36:13] Happiness Comes From the Inside Terry\u2019s advice: be kind to yourself  Why they decided to retire in Mexico and her passion for coaching   [36:14 \u2013 40:32] Closing Segment Reach out to Terry! Terry answers the BOI Talk and Hop questions Tweetable Quotes: \u201cHappiness comes from the inside and that helps us to be really frugal and be fine with it.\u201d - Terry Banks   \u201cWho 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.\u201d  - Terry Banks \u201cIf someone has a win financially, that means that's one less person being taken advantage of by the structures of the financial services industry.\u201d  - Terry Banks Resources Mentioned: A Pocket For Corduroy by Don Freeman Secrets of the Millionaire Mind by T. Harv Eker   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\u2019s 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  ","author_name":"BOI MEETS WELLNESS","author_url":"https:\/\/www.boimeetswellness.com\/","html":"