--- title: "Get Ready! Money Pros Guide – βœ… Week #21 Action Item: Update Your Net Worth Statement - InsNerds.com" description: "βœ… Week #21 Action Item: Update Your Net Worth Statement πŸ‘‰ This week create or update your net worth statement. Creating a net worth statement brings all of your information together. πŸ‘‰ Knowing your net worth will help you determine whether you are financially solvent and on track for a healthy financial life and retirement." image: https://insnerds.com/hubfs/Imported_Blog_Media/Lamparelli-100x100-Jan-03-2025-01-23-14-6139-AM.jpg --- 2 min read # Get Ready! Money Pros Guide – βœ… Week #21 Action Item: Update Your Net Worth Statement [![Picture of Nicholas Lamparelli](https://insnerds.com/hubfs/Nick%20Lamparelli(Headshot%20GS).jpg) Nicholas Lamparelli ](https://insnerds.com/insights/author/nicholas-lamparelli) : May 24, 2024 12:00:00 AM [Financial Preparedness](https://insnerds.com/insights/tag/financial-preparedness) ![Get Ready! Money Pros Guide – βœ… Week #21 Action Item: Update Your Net Worth Statement](https://insnerds.com/hubfs/Imported_Blog_Media/Lamparelli-100x100-Jan-03-2025-01-23-14-6139-AM.jpg) βœ… Week #21 Action Item: Update Your Net Worth Statement πŸ‘‰ This week create or update your net worth statement. Creating a net worth statement brings all of your information together. πŸ‘‰ Knowing your net worth will help you determine whether you are financially solvent and on track for a healthy financial life and retirement. πŸ‘‰ Your net worth is the total value of everything that you own (assets) less what you owe (liabilities). πŸ‘‰ Your mission is to have more assets than liabilities and to grow your net worth. ⭐️ Pro-tip: πŸ‘‰ Consider what changes you can make to increase your net worth. This can include increasing income or decreasing debt. πŸ’­ Habit of the week: Detailed Focus πŸ‘‰ Review the details of what you own and what you owe. πŸ€” Get Ready Money Guide Tip: πŸ‘‰ What did you learn from creating your net worth statement? Discussion prompts and ideas for those following The Get Ready Guide Kit (access from your dashboard) Resources (available to all): πŸ“ Access your resources for this week’s action item (#21) from your Get Ready Money Club dashboard. πŸ‘‰ The Get Ready Blueprint Week 21 (monthly focus area 5: net worth). This week, you’ll review update your net worth statement and create your net worth ratio. πŸ‘‰ Net Worth Statement worksheet in Excel format (Get Ready Toolkit: Evaluating Your Financial Readiness section) Note: These resources are available for all Get Ready Money Club members. P.S. Please let me know if you have any issues accessing these resources. The Get Ready weekly action item is from The Get Ready Blueprint: A 52 Week Guide to Changing The Way You Think About Money). Pick up your copy at your favorite online bookshop ([Amazon](https://www.tonysteuer.com/offers/zxyzmoS7\)))([bookshop.org](https://www.tonysteuer.com/offers/zxyzmoS7\))). Access Your Dashboard here [Become a Get Ready Insider](https://www.tonysteuer.com/offers/zxyzmoS7\)) If you like what I’m doing and find these resources helpful, please help me continue to provide them for free, please consider becoming a Get Ready Insider. I’ve decided to not charge for these resources to ensure that they are accessible for everyone. You’ll be supporting The Get Ready Money Club and The Get Ready Money Podcast. [Become a Get Ready Insider](https://www.tonysteuer.com/offers/zxyzmoS7) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Lamparelli-100x100-Jan-03-2025-01-23-14-6139-AM.jpg?width=100&height=100&name=Lamparelli-100x100-Jan-03-2025-01-23-14-6139-AM.jpg) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Lamparelli-100x100-Jan-03-2025-01-23-14-6139-AM.jpg?width=100&height=100&name=Lamparelli-100x100-Jan-03-2025-01-23-14-6139-AM.jpg) ### About Nicholas Lamparelli Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. Nick serves as our Chief Evangelist. - [![](https://insnerds.com/hubfs/Imported_Blog_Media/linkedin-Jan-03-2025-01-23-14-0752-AM.png) ![](https://insnerds.com/hubfs/Imported_Blog_Media/linkedin-Jan-03-2025-01-23-14-0752-AM.png) ](https://www.linkedin.com/in/nicklamparelli) - ![](https://insnerds.com/hubfs/Imported_Blog_Media/wordpress-Jan-03-2025-01-23-11-5898-AM.png) ![](https://insnerds.com/hubfs/Imported_Blog_Media/wordpress-Jan-03-2025-01-23-11-5898-AM.png) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Lamparelli-150x150-Jan-03-2025-01-23-12-1617-AM.jpg?width=150&height=150&name=Lamparelli-150x150-Jan-03-2025-01-23-12-1617-AM.jpg) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Lamparelli-150x150-Jan-03-2025-01-23-12-1617-AM.jpg?width=150&height=150&name=Lamparelli-150x150-Jan-03-2025-01-23-12-1617-AM.jpg) ##### [ Nicholas Lamparelli](https://insnerds.com/author/nick-lamparelli/) + posts Nick Lamparelli is a 20+ year veteran of the insurance wars. He has a unique vantage point on the insurance industry. From selling home & auto insurance, helping companies with commercial insurance, to being an underwriter with an excess & surplus lines wholesaler to catastrophe modeling Nick has wide experience in the industry. Over past 10 years, Nick has been focused on the insurance analytics of natural catastrophes and big data. Nick serves as our Chief Evangelist. - ** [From Teacher to Tech: How SettleStream Cuts Litigation Time and Costs - A Discussion with Chrysa Jones, COO](https://insnerds.com/from-teacher-to-tech-how-settlestream-cuts-litigation-time-and-costs-a-discussion-with-chrysa-jones-coo/) - ** [My Battle With Sleep Demons (and How I Overcame It 🀞)](https://insnerds.com/my-battle-with-sleep-demons-and-how-i-overcame-it-%f0%9f%a4%9e/) - ** [Exploring the History of Citizens Insurance Company of Florida: From Inception to Present - AoB Podcast](https://insnerds.com/20638-2/) - ** [The Importance of Security in Workflow For Insurance Agents & Brokers (AoB Podcast with Taylor Pascoe of ShareFile)](https://insnerds.com/the-importance-of-security-in-workflow-for-insurance-agents-brokers-aob-podcast-with-taylor-pascoe-of-sharefile/) ### Related Posts - [![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/unnamed-2-150x150.png?width=150&height=150&name=unnamed-2-150x150.png) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/unnamed-2-150x150.png?width=150&height=150&name=unnamed-2-150x150.png) ](https://insnerds.com/get-ready-money-pros-guide-week-%f0%9d%9f%8f%f0%9d%9f%93-review-your-expenses/) [Get Ready! 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Money Pros Guide – Week πŸπŸ’: Define Your Total Income](https://insnerds.com/get-ready-money-pros-guide-week-%f0%9d%9f%8f%f0%9d%9f%92-define-your-total-income/) βœ… Week #14 Action Item: Define your total income. πŸ‘‰ This is an essential step… - [![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Week-9-Get-Ready-action-item-Have-a-family-financial-meeting-150x150-1.png?width=150&height=150&name=Week-9-Get-Ready-action-item-Have-a-family-financial-meeting-150x150-1.png) ![](https://insnerds.com/hs-fs/hubfs/Imported_Blog_Media/Week-9-Get-Ready-action-item-Have-a-family-financial-meeting-150x150-1.png?width=150&height=150&name=Week-9-Get-Ready-action-item-Have-a-family-financial-meeting-150x150-1.png) ](https://insnerds.com/get-ready-money-pros-guide-week-9%ef%b8%8f%e2%83%a3-are-you-talking-to-your-family-about-money/) [Get Ready! Money Pros Guide – Week 9️⃣: Are You Talking To Your Family About Money?](https://insnerds.com/get-ready-money-pros-guide-week-9%ef%b8%8f%e2%83%a3-are-you-talking-to-your-family-about-money/) Ready to hop into this week’s Get Ready Update? Let’s go! βœ… Week #9 Action… [**Share](https://www.linkedin.com/cws/share?url=https%3A%2F%2Finsnerds.com%2Fget-ready-money-pros-guide-%E2%9C%85-week-21-action-item-update-your-net-worth-statement%2F%3Futm_source%3Dlinkedin%26utm_medium%3Dsocial%26utm_campaign%3DSocialWarfare) [**Tweet](https://twitter.com/intent/tweet?text=Get+Ready%21+Money+Pros+Guide+%E2%80%93+%E2%9C%85+Week+%2321+Action+Item%3A+Update+Your+Net+Worth+Statement&url=https%3A%2F%2Finsnerds.com%2Fget-ready-money-pros-guide-%E2%9C%85-week-21-action-item-update-your-net-worth-statement%2F%3Futm_source%3Dtwitter%26utm_medium%3Dsocial%26utm_campaign%3DSocialWarfare&via=InsNerds) [**Share](https://www.facebook.com/share.php?u=https%3A%2F%2Finsnerds.com%2Fget-ready-money-pros-guide-%E2%9C%85-week-21-action-item-update-your-net-worth-statement%2F%3Futm_source%3Dfacebook%26utm_medium%3Dsocial%26utm_campaign%3DSocialWarfare) [**Reddit](https://www.reddit.com/submit?url=https%3A%2F%2Finsnerds.com%2Fget-ready-money-pros-guide-%E2%9C%85-week-21-action-item-update-your-net-worth-statement%2F%3Futm_source%3Dreddit%26utm_medium%3Dsocial%26utm_campaign%3DSocialWarfare) [**Email](mailto:?subject=Get%20Ready%21%20Money%20Pros%20Guide%20%E2%80%93%20%E2%9C%85%20Week%20%2321%20Action%20Item%3A%20Update%20Your%20Net%20Worth%20Statement&body=%E2%9C%85%20Week%20%2321%20Action%20Item%3A%20Update%20Your%20Net%20Worth%20Statement%20%F0%9F%91%89%20This%20week%20create%20or%20update%20your%20net%20worth%20statement.%20Creating%20a%20net%20worth%20statement%20brings%20all%20of%20your%20information%20together.%20%F0%9F%91%89%20Knowing%20your%20net%20worth%20will%20help%20you%20determine%20whether%20you%20are%20financially%20solvent%20and%20on%20track%20for%20a%20healthy%20financial%20life%20and%20retirement.%0D%0A%0D%0ARead%20More%20Here:%20%20https%3A%2F%2Finsnerds.com%2Fget-ready-money-pros-guide-%E2%9C%85-week-21-action-item-update-your-net-worth-statement%2F%3Futm_source%3Demail%26utm_medium%3Dsocial%26utm_campaign%3DSocialWarfare) [![Get Ready! 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[Financial Preparedness](https://insnerds.com/insights/tag/financial-preparedness) [Read More](https://insnerds.com/insights/get-ready-money-pros-guide-week-how-are-you-balancing-savings-expenses-and-paying-off-debt) ![](https://px.ads.linkedin.com/collect/?pid=7110236&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Nicholas Lamparelli", "url" : "https://insnerds.com/insights/author/nicholas-lamparelli" }, "dateModified" : "2025-01-03T01:23:58.843Z", "datePublished" : "2024-05-24T04:00:00.000Z", "headline" : "Get Ready! 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