Episode 27

full
Published on:

10th Feb 2023

EP 27: Betting on the Upside With Jay Bhakta

When was the last time you approached a big life or business shift with rose-colored glasses? And which drawbacks did you discover afterward? No one likes being blindsided by the downside after making an exciting new change. There is a way to make sure you’ve considered all angles before making a move.

Jay Bhakta is a tax professional, business owner, and family man who is dedicated to helping young people learn strong lifelong practices around their finances, decisions, and overall confidence.

On this episode of the Rigging the Game podcast, Dan and Jay go over the rhythms the tax industry goes through and how they have impacted Jay, viewing big decisions with a bias towards asymmetry to the upside, the barbell model of weighing choices, and how that model has helped Jay operate with more confidence without depending on just one business. Listen in to add another invaluable decision-making tool to your toolbox.

Key Takeaways

  • How Jay began reevaluating his businesses in the context of his life as a husband and father.
  • What Jay learned after making a big investment in a fitness center without stepping back to view the downsides.
  • How Jay is turning his insight from CCA and the barbell method into a way to give young people the frameworks they’ll need to make better decisions throughout their lives.

Favorite Quote

“I feel very confident that I'm going to make sure that I compile and analyze, I do all the things I haven't done in the past, and all bets will be to the upside, and I will consider downsides from now on.”

  • Jay Bhakta

Resources

Learn more about Jay Bhakta's Base Case n' Build program on The Success Finder.

Visit Dan Nicholson’s websites - Nth Degree CPAs to learn how he helps small business owners cultivate good accounting and tax practices to achieve their financial goals. 

Get the news that gets you closer to what you want with Certainty News.

Don’t forget to check out Dan’s book Rigging the Game on Amazon. Interested in the Certainty Certified Advisor Program? Get the information you need at CertaintyU.com.

Enjoyed the Podcast? Be sure to subscribe on iTunes and leave a review. We love to hear your feedback and we’d love for you to help us spread the word!

Next Episode All Episodes Previous Episode

Listen for free

Show artwork for (UN)Conventional Wealth

About the Podcast

(UN)Conventional Wealth
(UN)Conventional Wealth is the top resource for entrepreneurs who want unconventional strategies and tips to win at business and life on their terms.

Entrepreneurs who are breaking through barriers while setting new standards in their industry recognize that the cliché, cookie cutter, and conventional recommendations about finance and business don’t apply to them.

This podcast will release you from the “WHAT YOU SHOULD BE DOING” chains so you can massively win at business and life by playing your game.

Painful shyness intersecting with an insatiable desire to compete (and WIN) birthed a relentless curiosity to understand how to massively win at business and confront fears without conforming to a set blueprint.

This show is for the purpose-driven entrepreneur who recognizes that the cliché, cookie cutter, and conventional recommendations about finance and business don’t work because they’re playing a different game.

As a painfully shy kid, I often found myself on the sidelines quietly observing the game of sports, life and business until the flames of competitiveness grew to a bonfire and took over. From the ashes, birthed a relentless curiosity and drive to understand how to massively win at business and confront my fears without conforming to a set blueprint.

I share the unconventional strategies and tips I learned to make sure you win (get what you want) under your rules. Hear all the “a-ha” moments as a business owner, dad, exercise enthusiast and serial idea generator while interviewing other thought leaders who have developed their own strategies to rig the game to win.