February 2021 Net Worth Update (+$230,401.82)


February was our best net worth increase month ever (previous high was a $130K increase in June 2016).  Our net worth increased $230,401.82 from last month to a total of $1,558,198.14 (see spreadsheet screenshot).  We passed net worth milestones of $1,380K – $1,590K but dipped down a bit at the end of the month. 

Retirement Accounts

Our retirement accounts are comprised of our 401(k)s, our Roth IRAs and our Traditional IRAs.  We contribute 6% to my wife’s 401(k).  My wife’s company matches up to 6% of her 401(K) contribution and chips in an additional 3% on top of the match at the end of the year (vests over 5 years).  This month, we contributed $1,617.14 to her 401(k).  Since I am unemployed, I did not contribute anything to my retirement accounts.  The total balance of our retirement accounts increased $27,732.34 from last month to a total of $533,578.00.

Brokerage Account

Currently, our brokerage account consists of stocks and cryptocurrency (I prefer to track crypto in the “Brokerage Accounts” field rather than “Cash & Savings Accounts”).  The total current value is $517,012.26, up $183,897.31 from last month.  It would have been even higher but we sold some cryptocurrency to take ~$10K in profits on a $600 investment. This has been such a blessing to our family. 

Cash & Savings Account

Cash and savings accounts consists of a small sum of cash at home and our online savings accounts balance. It does not include our checking account balance that we use to pay our bills each month.  Our savings increased $12,480.86 this month to a total of $40,108.36.

College Savings Accounts

Our kids have 529 Plans through Vanguard.  This month, we contributed $2,000 to our son’s 529 Plan and it increased $3,037.95 from last month to a total balance of $40,854.12.  We contributed $2,000 to our daughter’s 529 Plan and it increased $2,638.35 from last month to a total balance of $25,912.00.


For our home value, we use the $528K purchase price that we paid in July 2016.  Current comps in the area are ~$690K.  We refinanced our mortgage last month and our first payment is not due until February.  The current balance of our 15-year, 2.375% mortgage loan is $211,513.  We paid $500 extra to principal this month.


My wife drives a company vehicle and has a company gas card.  I drive a 2017 SUV (~80K miles) that we own.  In addition, we own a 2013 ski boat.

Credit Card Balance

All of our credit card debt is paid in full each month.

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