109. Perspective Shift: Terrance's Story

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. --- Connect with Terrance on IG: @teethetrainer Connect with JK on IG: @coachjkmcleod Connect with JK via email: [email protected] --- 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