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Gina has visited her financial planner to better understand her net worth. Her principal residence she purchased 7 years ago for $600,000 is now worth
Gina has visited her financial planner to better understand her net worth. Her principal residence she purchased 7 years ago for $600,000 is now worth $1.4 million and she has a mortgage balance owing of $430,000. Ginas RRSP is valued at $460,000 and she has a TFSA with $98,000 earning minimal interest. Gina has a non-registered account invested in a managed growth portfolio valued at $900,000 and a locked in retirement account with $80,000 from a former employer sponsored pension. Gina has a Porsche 911 valued at $160,000 funded with a line of credit that now carries a balance of $12,000. What is Ginas current net worth
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