Net Worth: 2018-02-01

Where does time go? It is already the first day of February. In addition to tracking our finances we are reading some great new motivational and investment books. We plan to write a review on each once finished.

“An investment in knowledge pays the best interest.”
~ Benjamin Franklin

With the first month of 2018 complete our net worth exceeds the $400,000 mark for the first time. We are up 3.66% from December and up 26.35% from February 2017. Here is the breakdown.

Net Worth: 2018-02-01

Cash Savings $15,691.53 6.1%
Cash Back/Gift Cards $1,737.14 22.4%
Brokerage/Crypto-Currency $23,470.52 -40.9%
Retirement $474,729.84 3.0%
MOST 529 $4,013.21 12.2%
House $303,000.00 0.0%
Cars & Boat $48,709.00 -1.0%
TOTAL ASSETS $871,351.24 3.7%
Credit Cards $2,513.25 -31.8%
Car Loan $21,300.00 -2.7%
HELOC $33,900.00 -26.3%
Mortgage $192,615.09 -0.6%
Student Loans $219,878.87 -0.1%
TOTAL LIABILITIES $470,207.21 -3.2%
TOTAL NET WORTH $401,144.03 3.66%

Continue reading for more comments on the categories above.

Cash Savings

If you read our most popular post to date, Lessons From My Stepfather, you would have learned that I keep some cash in my wallet. This cash gives me focus on wealth and I enjoy accumulating it more than I enjoy spending it, which was not always the case. I decided that I should include the cash in my wallet, which is now $230. Including the cash in my wallet, we are up $907.49 from last month continuing our steady increase of cash since our low last October.

Cash Back/Gift Cards

I referred Dr. SoS for her own Platinum Delta Skymiles card that she can use for work. I received 10,000 miles for referring her and she received 70,000 miles for spending $3,000 in the first month. She used it to pay her business rent and knocked that out in one charge. The awesome thing is that our total Cash Back is up $317.36 from the previous month. The free companion ticket and our accumulated cash back will easily fund our Barbados Open Water Festival trip in November this year. It is certainly rewarding when you are responsible with your credit!


You may have noticed the drop in this account and speculated that Mr. SoS lost money trading stocks or crypto. However, you should not assume. We took $30,000 out of our brokerage account. We used some to pay off debt, some to pay down on our HELOC and then Mr. SoS took the remaining $10,000 and decupled down on Ethereum (ETH) when it dipped down below $800 in early January. Who knows what will happen in the future, but we are up $4,718 in our Coinbase account, which is a 29% increase on our investment for the first month. Personally, I would like to see ETH go to over $8,750 per coin, which would be a cool $100,000 in our account.


We made some serious changes this month. Dr. SoS chose her first wonderful company value investment and we purchased 1,000 shares. It was up $1.30 per share during the month, but was down $0.25 from where she bought it this morning. This is a long-term investment of no less than a year. The great thing about having an even 1,000 shares is that each $1 increase from your original price means we are up $1,000. It was also a great month for options trades netting $5,629.53 after fees and commissions.

MOST 529

Baby SoS turned 2-years-old so our automatic deposit automatically increased $50 to $200 per month. The account increased $435.42 with the gains in the market bringing the balance to an all new high.


We are keeping this amount at $303,000 until July when we will reevaluate it. The wild fluctuations of estimates continue, and here are some more details and changes from the previous month. Xome had our estimate down $3,978 to $321,754. Zillow was down $4,108 to $287,023. The resulting average was down $4,043 to $304,388.50. My mortgage company continues to show even more fun numbers, courtesy of Xome. Median sale price of houses in my area was down $5,300 to $268,700. Houses sold were down 8 to 89 and houses for sale down 13 to 39 for the past three months.

Cars & Boat

Our declining assets decreased a total of $479, which was a 1% decrease. This is fine. We take good care of our vehicles and they should last a long time.

Credit Cards

We have one card balance totaling $2,250 at 0% interest that we will have paid off this year. We reduced the total balance from the December by $1,172.78. We only had an extra $263.25 that was pending when we paid everything off on the 29th. We also continue to pay our cards off no less than bi-weekly to keep our credit scores increasing.

Car Loan

Only 35.5 payments or 3 years to go. I paid an extra half payment today so next month we won’t have a half payment in this category.

HELOC (Home Equity Line Of Credit)

With the profitable sale of the stocks in our brokerage account we transferred $30,000 out and paid down on our HELOC. As you may have read from Swimming from the Depths of Debt we are also helping out our oldest daughter Ms. H, so some of the money went there. Our biggest goal for this year is to pay this off since we will no longer be able to claim the interest with the new 2018 tax laws.


We are chugging right along with only 129 more payments or 10 years 9 months to go.

Student Loans

I recently began considering paying off two of the four student loans. The thing we have to figure out is are we better off investing it or paying them off, taking this payment and applying it elsewhere, and saving the 3.625% interest per year.

As of the first day of February 2018, we are up to a net worth of $401,144.03 up 3.66% from the January total of $386,975.83 and up 26.35% from our February 2017 net worth of $317,492.65. This puts us within the top 38% at 192/506 bloggers on the Rockstar Finance Directory Net Worth Tracker.

If you have any questions, please comment or send us a message on our Contact page. Thanks for reading!

Mr. SoS

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