According to the United States Securities and Exchange Commission, net asset value, or NAV, is equal to total assets minus total liabilities. Net asset value is a financial term that is often used to evaluate investment companies and mutual funds. However, an individual can calculate his or her net asset value by assessing the assets and liabilities in his financial portfolio.
Add up the total amount of your personal assets. Assets are things like cash, real estate, the value of stocks or other financial instruments that you own. Assets can also include life insurance policies and personal property that has value, such as jewelry or art.
Add up the total amount of your liabilities. Liabilities are amounts that you owe to other people. Some examples of common personal liabilities include credit card debts, personal or car loan balances, mortgages and recurring bills.
Subtract the total amount of your personal debts and liabilities from the total amount of your personal assets. The difference between these two amounts is your net asset value. This number will either be a positive or negative number. If the number is positive, that means that you have more assets than liabilities. If the number is negative, you have more debts and liabilities then assets.