Net Worth Update #15 – January 2018

3 min read

At the start of each month I share my net worth.

I have always found it motivational and just plain interesting to follow along with someone’s net worth journey, which is why I hope readers can find value in following mine. I shared my first net worth update back in November 2016 and have been sharing monthly updates ever since.

Here are my numbers for January 2018:

Money Market Funds
Savings Account $4,413  (-$2,229)
Checking Account $1,000   (-$400)
Total Money Market $5,413  (-$2,629)
Tax Advantaged Accounts
Traditional IRA $3,938  (+$88)
Roth IRA $4,886  (+$177)
401(k) $23,459  (+$1,376)
Total Tax Advantaged $32,283  (+$1,641)
Non-Tax Advantaged Accounts
Brokerage Account $29,667    (-$220)
Cryptocurrencies $4,133      (+$4,133)
Republic Private Investment $550         (+$550)
Total Non-Tax Advantaged $34,350    (+$4,465)
Net Worth $72,046 (+$3,477)


Here’s a look at my net worth progression since I started personally tracking it back in August of 2016:

NW Jan 18.PNG

From December to January my net worth increased by $3,477. This was one of the smallest month-to-month increases I have had in a long time, mostly due to lower income in December from my 9-5 since I didn’t get paid for holidays. Nonetheless, it was still an increase and another step towards my short-term goal of $100k. 


This was an abnormal month of investing for me. I shared earlier this month that I invested $1,000 in both bitcoin and ethereum. The day after I made these investments, the price of ethereum nearly doubled in price, which brought my crypto portfolio to $3,000. Shortly after that, I bought $1,000 worth of litecoin. My total crypto holdings are sitting slightly above $4,000 right now.

I consider this my “play money”. If my portfolio goes to zero, I won’t be financially crushed. If the price of these currencies shoots to the moon, I’ll get to tag along for the ride. 

The other abnormal investment I made this month was $550 in a private company on Republic. Republic is a platform that lets you invest in early stage startups. Normally, this type of investing is limited to accredited investors but through a crowdfunding-style platform, Republic lets ordinary people invest in early stage startups.

This is also a highly speculative investment for me. Most startups fail. Some turn into wealth-building machines. Time will tell how this investment pays off.

Looking Forward

My net worth increased by a total of $61,000 in 2017, which honestly was more than I expected.

It was a year filled with growth and I plan on continuing that growth in 2018 by focusing purely on what I can control financially. This means I’ll be spending very little time monitoring the price of the stock market. Most of my time will be spent trying to increase my income through side hustles, blogging, and dividend income. 

I can see the $100k net worth point looming on the horizon and I’m excited to inch towards it slowly and steadily in 2018.

To everyone that has been following my financial journey up to this point, thank you and I hope you keep checking in each month. If you have any questions for me or want to discuss your own financial journey feel free to shoot me an email at

That’s all for this month’s net worth update, thanks for reading 🙂

My favorite free financial tool I use is Personal Capital. I use it to track my net worth, manage my spending, and keep an eye on my monthly cash flow. It only takes a few minutes to set up and it makes tracking your finances simple and easy. I recommend trying it out.

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Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

8 Replies to “Net Worth Update #15 – January 2018”

    1. Thanks, Mike! I actually have found this one Thai restaurant near my work that is similar in price to Chipotle, but the portion size is even bigger (if you can imagine that haha) so occasionally I have been eating there instead. Subway is a solid choice too though!

    1. Virtually all the increase is due to saving 80% of my paychecks each month and investing consistently over time. A small portion of it is due to investment returns. Over time, the investment returns will begin to contribute more and more but right now it’s mostly good ‘ol fashioned saving 🙂

  1. Interesting that you have some investments in cryptocurrencies! Did you read MMM’s bash on bitcoin recently? I like that you started documenting this at the beginning of your journey. Will be interesting to see how you progress!

    1. I did read MMM’s recent bash on bitcoin haha. I love MMM and most of his work, but I’m not so sure he is qualified to make a strong case for or against bitcoin – in fact, I’d argue that very few people completely understand the current state of the technology or the potential future of it. I personally am comfortable making a small long-term bet on crypto, but I am completely aware that it could go to zero and I could lose all my money. For me, this is a speculation, not an investment, and I’m comfortable putting some “play money” to work in this field. I’ll be sure to share my progress as time goes on 🙂

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