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Net Worth Update April 2018

Last year I posted how it was never too late to start saving for FIRE. Well, recently, I thought it would be a good idea to track our progress every six months and see how we're doing. Granted, the last "update" was a year ago and it wasn't truly an update.

One particular milestone that was noteworthy in 2018. Sometime in January of 2018, the total value of all our financial assets (cash, RRSPs, TFSAs, Pensions, etc.) exceeded the total remaining of our mortgage balance. Of course, this doesn't mean much as we cannot cash in our pensions or RESP. We also cannot cash in the entire RRSP without paying significant taxes on the balance, so really. This isn't much of a milestone.

However, because of the falseness of this milestone, I decided I needed to separate the "locked-in" accounts (mainly the RESP and the pensions that have accumulated) and the rest (cash, TFSAs, RRSPs, etc.). I'm still counting RRSP as not "locked-in" because our pl…

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