109. Perspective Shift: Terrance's Story

Help Me Understand

On this episode of the Perspective Shift series, host JK talks to his friend Terrance Smith about his shift from being a personal trainer and business owner in the fitness industry to working in the financial industry.

Terrance shares his perspective shift on saving money and the importance of financial planning. He discusses the parallel paths of transitioning into fitness and transitioning into finance, highlighting the transferable skills from the fitness industry to the financial industry.

Terrence emphasizes that it's never too late to start saving and investing and encourages listeners to take action and make the jump to a new career if they feel compelled to do so.

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Connect with Terrance on IG: @teethetrainer

Connect with JK on IG: @coachjkmcleod

Connect with JK via email: [e-mail]

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Chapters

00:00 Introduction to the Perspective Shift series

01:13 Introducing the guest, Terrance Smith

02:24 Terrance's background as a personal trainer and business owner

03:36 The shift from personal training to the financial industry

04:15 Terrance's perspective shift on saving money

05:05 The influence of Terrence's girlfriend and the lack of financial planning in the fitness industry

06:18 Transitioning to working in the financial industry

08:23 The parallel paths of transitioning into fitness and transitioning into finance

09:20 The realization of the potential of compounding money

10:23 The disconnect in financial education and the importance of starting early

13:12 The impact of seeing large sums of money in financial planning

14:05 The transferable skills from the fitness industry to the financial industry

17:18 It's never too late to start saving and investing

20:33 The importance of taking action and making the jump to a new career

25:49 Final thoughts and advice for those considering a career change