The razor, strop, brush and the soap are just what you need to get started. That stone on a paddle is crap. Use it for kitchen knives but not straight razors.
I'm not sure how well those people hone blades, someone else will have to chime in with that.
For stropping, just do 10 passes on the linen and 30 on the leather. It should be ready to use. If it stops being nice and supple, use the yellow paste, but chances are you won't have to do it more often than once a year if you rub the leather with the palm of your hand a few times before every stropping.
You are not using the shaving soap properly. Here's an article on how to do it: http://www.classicshaving.com/articl...0351/18187.htm That site also has a good selection of hones and other sharpening implements. My suggestion is to take a look at them and ask here before buying any.
4/5 ain't bad, you're off to a great start