This is the Whitecode Investor Podcast, where we help those who wear the Whitecode get a fair shake on Wall Street.

We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011.

Here's your host, Dr. Jim Dolly.

Welcome to Podcast No. 54, asset protection.

Love what you hear on the podcast, looking for more great Whitecode Investor content, head over to our YouTube channel,

where you can watch video recordings of our podcast, short snippets of financial tips, explain succinctly by me and others,

and deep dives into topics for more in-depth learning. You can even learn all about real estate with webinars from our real estate partners.

Check out all this and more at youtube.com slash the Whitecode Investor.

You can do this, and the Whitecode Investor can help.

Welcome back to the podcast. It's been a couple of weeks since we recorded anything.

So here we are, sitting in the basement studio, our new tax deduction, if you will, since we got to take the home office deduction this year,

and record this. It's nice to be able to work in my old rady sweatshirt, and it's nice to be back with you today.

Our quote of the day today comes from Laura Vandercam, who said, smart women figure out what exactly makes them happiest.

They spend generously on those things, but cut out the rest.

Obviously that applies to smart men as well.

It's been a rough day today. It's the 17th of April when we're recording this.

Not only is it tax day, but we also had the site go down this morning.

It can be really frustrating running a business sometimes when you're not in charge of every aspect of it, and you've had to outsource some things, and those things go bad.

But I guess that's part of the challenge, is learning to overcome those things, and keep everything running, keeping all the balls in the air, is actually one of the biggest challenges around here sometimes.

Taxes were a lot more complicated for me this year.

This is the first year that we've filed as an S-corporation. I've done partnership returns the last couple of years, and before that, you know, it seems like maybe doing a schedule C as a sole proprietorship was difficult, but looking back, I can't imagine that I ever thought that was difficult compared to what we're doing now.

But it's actually introduced a lot of additional complexity being an S-corporation.

...