My friends, you are about to see my exact net worth in April 2023, including how much crypto I have, NFTs, cars, real estate, and all my liabilities, including debt, plus what I'm doing to make money now and some inspiration. If you hate your net worth and you're tired of where you're at, the reason I do this is accountability. Ever since I started publicly sharing my net worth, it has gone up every month, because now everything I spend money on I stop and think: how is this going to impact my net worth? I intend to be a millionaire someday, and I'll show you exactly how far along on that journey I am. We're going to go through everything I've got and everything I owe. This is combined with my wife, because I'm married, and what's mine is hers and what's hers is mine.
Starting With the Big Stuff
Let's start off with the big stuff. My home is worth about $480,000. We have around $20,000 in cash in the bank and about $30,000 in retirement accounts. My wife has most of the cash and most of the retirement accounts, because I have no retirement accounts myself — I dump everything into crypto, NFTs, and my business. If you want to see my stuff, I have around $5,000 in studio equipment. Filming right here, all these monitors, and the most valuable things in this office are probably these two PCs: a gaming PC and a streaming PC, which was a gift. I love what I do doing this every day.
Our cars are worth about $24,000 according to Kelley Blue Book, and that's combined — a cheaper, older Toyota and a newer, more expensive Toyota. We also have about $4,000 in a health savings account tied to a high-deductible health insurance plan my wife has.
The NFTs and the Crypto Portfolio
Here's something you might be surprised about. I've bought tens of thousands of dollars of NFTs on Immutable X for a game called Gods Unchained. I bought about $6,000 worth, sold, and then in the last month I re-bought about 2 Ethereum worth of NFTs for Gods Unchained, which I stream on Twitch. Most every day from 9 a.m. Eastern to 11:30 a.m. Eastern — and then some other times, sometimes on Thursdays, Fridays, and the weekends — I'm live streaming Gods Unchained. We have a great audience, and in my opinion this is the very best crypto NFT game out there. It's the only game people actually watch in pretty good numbers when I play it on Twitch. This is a business expense, because it's advertising, it's things I'm using on stream, and if I ever sell it then that's income. Otherwise, it just goes to zero.
Now this is my DCA crypto portfolio. I started it in December 2022, and it's doing great. I'm up about $2,000, almost 40% profit. Zen has crushed it — I bought Zen at the bottom, made a video telling you all to buy it at the bottom, and my Zen is up 7x from where I bought it, plus I minted a bunch as well. My top two positions are Ethereum and Bitcoin, and I intend to fill these up much more. To me these are asymmetric investments that have huge amounts of upside and almost no downside. My DSO and Internet Computer positions have also just pumped in the last few days, which is great — I think those two are way undervalued.
I've also been given some crypto. The DexTools team was kind enough to send me 800 DEX after I bought $50 worth, which is a couple hundred dollars in DEX. And the Impulse X team sent me what is now about $800 or so in Impulse X for a consultation, and maybe I'll share a video when their new update is live. So I've got about $1,000 in crypto that was just given to me — I didn't ask for it, they just gave it to me. The last crypto I had before my DCA portfolio was a project billing itself as a new version of HEX, or HEX with AI. It recently totally tanked, which actually knocked about $500 out of my portfolio this week. And I have a few hundred dollars in Hive that I constantly sell, but I just keep getting more of it all the time. So I have about $300 in Hive that I'm constantly getting rid of. In my opinion, Hive is absolute trash — and at the same time, it has provided thousands in passive income because of how the delegation works.
The Liabilities
So in summary, my wife and I have about $500,779 in assets — over half a million — for which I'm very grateful. Now we need to get into the liabilities: how much money we owe. We do have a good bit of equity in our house. We bought it five years ago, and the real estate market has pumped since then, so we only have about $240,000 left on our mortgage at around 3%, which is awesome. We also have business loans to the SBA, which I essentially used to pay down higher-interest-rate stuff by converting all my spending into SBA spending and then using all my income to pay it off. I wrecked my finances in business back in 2019, and the SBA loans have been a lifesaver. Those are at 3% as well, with extremely low payments.
At this rate, in my experience there's no point in paying any of these down because of inflation — it'd be better to just buy into things like Bitcoin and Ethereum that can grow. With the debt and inflation together, this debt will be meaningless in five or ten years in terms of the value of it. That's our liabilities.
A Positive Net Worth for the First Time
I'm very excited to say our net worth is positive — we have more in assets than liabilities. This is a huge milestone for us. It's the first time our net worth has been positive since 2018, which was the only time in my entire life I've had a positive net worth since I was 18 and first started taking student loans. Huge lesson there: I would absolutely encourage everyone to never borrow money to go to school. It's one of the worst ways to borrow money. Getting an education is important, but just get some cheap or free education. Never borrow money to go to school.
Our net worth went up about $25,000 since March, which in a single month is amazing progress. Part of that is the house, which according to Zillow went up like $18,000 — I don't know why it went up right now, but okay. And then my wife stacked up some cash herself, I stacked up some crypto, and we are on the way to being millionaires one day. It would only take about 40 more months like this and we would be millionaires — roughly four years if we keep stacking just like this, which is amazing going from zero. Our net worth is up about $47,000 since we started tracking this.
I had a real come-to-Jesus conversation with my wife. I said, look, I'm sick of having a negative net worth. I'm tired of our poor spending decisions, especially mine — mine have set the bar too low for you, and you've made poor spending decisions too. Here are the poor decisions you've made, here are the poor decisions I've made. We need to be accountable. We need to start showing our net worth and committing to increasing it, because it's just dumb to be consuming and spending all the time.
The Book and the Formula
The main book I read that helped me make this change was Everyday Millionaires. It explains exactly what people do to become millionaires. One: work and earn a consistent income, whether through a business or your job. Two: invest at least 15% of your earned income consistently over time — so DCA constantly, 15%. And three: keep spending, especially on pure consumables, to an absolute minimum. Buy a house that's much cheaper than you can afford. Buy a car that's cheaper than you can afford. Buy the cheapest groceries you can buy. Spend as little as possible and accumulate.
I've built this whole journey around crypto because, in my experience, crypto is the fastest possible way you can build an investment portfolio today, and that's why I focus so much on it now. If you want to build alongside me on this, the best way to work with me is to join the Jerry Banfield Family, where we go through exactly this together. I also love creating on this channel, which is where most of you are watching now, and helping other creators build from zero the same way I did.
Why I Share All of This
This channel has been an absolute blessing. I started it from zero in December 2022, and it's already at 200-and-some thousand views — all organic traffic — with thousands a month in ad revenue on a brand-new channel. A huge thank you especially to Joe Paris; probably a thousand to three thousand of the subs came over from Joe Paris featuring me. So I really appreciate you following all of this. My goal is to make the smartest, most useful crypto videos for you every day.
To me, the whole point of this is transparency — showing you exactly what I'm doing myself, because the best example I can teach is what I actually do. So I'm stacking all the cash I get into crypto constantly and continuing to build value in real estate. My wife is diversifying our strategy by putting money into regular retirement accounts where she holds stocks, a health savings account, and cash. Between the two of us, we have a very well-rounded net-worth-building strategy. If you want to keep following the whole story as it unfolds, you can watch it play out in my Life playlist. I love you. You're awesome, and I'll have another one for you tomorrow.