LIFE ELEMENT GUIDING AND FINANCIAL PLANNING SYSTEM

• US 20140310142A1
• Filed: 11/04/2011
• Published: 10/16/2014
• Est. Priority Date: 11/04/2011
• Status: Abandoned Application

• Current Assignee: Siu Cheung Louie Mak
• Original Assignee: Siu Cheung Louie Mak
• Inventors: Mak, Siu Cheung Louie
• Application Number:
  US14/356,060
• Publication Number:
  US 20140310142A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A life-components oriented financial planning system comprises a timeline planning interface module for generating an interface comprising a plurality of histograms representing a planning target'"'"'s “life components”; a projection generation module comprising projection generation formulae, wherein the entire projection data form the projection set of a “life road”; a financial destiny chart module for creating financial destiny charts from projection data in projection sets. Each life component comprises four kinds of “projections”, income, expenses, assets and liabilities. The position and length of the histogram represent values of a corresponding life component. The planning target'"'"'s life road comprises life components; life components are grouped by financial modules and formed from projections; the projection comprises items. The present invention can strengthen trust in the planning process, making a planning target input more personal data to plan for himself or herself. The status the system simulates becomes clearer as more information is provided.

Claims

1. A life-components oriented financial planning system comprising:

a timeline planning interface module for generating a timeline planning interface comprising a plurality of histograms representing life components of a planning target, wherein the timeline planning interface represents a life road of the planning target, and the life components refer to people and events in financial association with a person that occur during the lifetime of the planning target;

a projection generation module comprising projection generation formulae for calculating projection data, wherein the entirety of the projection data forms a projection set of the life road;

a financial destiny chart module used for creating financial destiny charts from projection data in the projection set and performing status analysis and/or projection analysis, wherein the financial destiny charts comprise life financial statements and financial relationships charts; and

wherein each life component comprises eight projections divided into two groups, “

value on living”

group and “

available at death”

group, each of which comprises income, expenses, assets and liabilities, the timeline planning interface is displayed in a life component mode or a projection mode, and the position and length of the histogram represent a value of a corresponding life component; and

the life road of the planning target comprises life components;

life components are grouped together by financial modules and are formed from projections;

details of the projection comprise items; and

the entire financial life of the planning target is structurally divided into four categories;

the life road, the life component, the projection and the item.

2. A life-components oriented financial planning system in accordance with claim 1, further comprising a scenario interface, wherein all projection data in the projection set at a specific time and all values for generation of the projection set are recoded through the scenario interface as a scenario record for the specific time;

and the recorded scenario is stored in the scenario database so that it is recalled for scenario simulation analysis at any time.

3. A life-components oriented financial planning system in accordance with claim 1, characterized in that the projection interface of all projections of each life component is accessed from the life component mode of that life component;

and the projection interface of each projection is accessed through the projection mode on the timeline planning interface;

in the projection interface or life component interface, all projection values are adjusted and/or a projection value is locked in or unlocked from a specific life component value.

4. A life-components oriented financial planning system in accordance with claim 1, wherein an item interface for all items of each projection is accessed from the projection interface for adding or deleting items and inputting item values, and there is no limit on the number of items in each projection;

and wherein all items are stored in the item database, all values on a level higher than the projection are stored in a customer database as financial data that become personal data of the planning target and are not shared with other people.

5. A life-components oriented financial planning system in accordance with claim 3, wherein several values in the projection interface or item interface are adjustable by a graphical adjustment interface formed by a life equalizer.

6. A life-components oriented financial planning system in accordance with claim 5, further comprising a stress test interface, wherein it is optional to add financial stress to the life road of a planning target by negatively adjusting the projection variances to analyze whether a current planning withstands such financial stress.

7. A life-components oriented financial planning system in accordance with claim 5, further comprising a life goal automatization tool module for analyzing financial status of the planning target and the distance to a target according to the status analysis result and/or projection analysis result of the financial destiny chart module, and for feeding back suggested changes to the projection variances of the life equalizer and the assumptions of the life road interface for reference of the planning target.

8. A life-components oriented financial planning system in accordance with claim 5, wherein each amount parameter or a portion of amount parameters of the life equalizer are configured as correlated for correlation in adjustment, and an amount variance and a growth variance are major adjustment variables of the life equalizer, while others are auxiliary adjustment variables;

the life equalizer comprises the major adjustment variances of each projection on the life road; and

these variances are adjusted up and down to achieve an optimized life planning;

wherein the amount variance and the growth variance of the life equalizer are combined and synchronized, i.e. changed together, so as to simplify operation.

9. A life-components oriented financial planning system in accordance with claim 8, wherein by adjusting the variances of the life equalizer, a stress test is conducted on the entire financial status of the planning target with the aid of a stress test interface, i.e. testing financial tolerance of the planning target in a worsening situation;

and wherein the stress test is conducted in two manners;

adjusting the projection variances of the life equalizer, or placing one or more incidents on the life road of the planning target to increase expenses or reduce income.

10. A life-components oriented financial planning system in accordance with claim 1, further comprising a life road interface module that is accessed from the timeline planning interface and is used for adjusting all life road values;

and wherein circumstantial assumptions of the life road values are environmental data, and are collected from external institutions and stored in an environmental information database.

11. A life-components oriented financial planning system in accordance with claim 10, further comprising a life component template database;

if a life component interface template is selected, the system extracts a life component template corresponding to the selected template and places it in a life component;

the life component template database is used for storing several default projection values and item values of a life component.

12. A life-components oriented financial planning system in accordance with claim 1, further comprising a suggestion writing/matching tool, a suggestion database and a suggestion editor/matcher;

wherein after having set a financial target for the planning target, a user writes a suggestion by using the suggestion writing/matching tool and stores it in the suggestion database for future use or sharing with other users;

if the user does not want to write a suggestion of own accord, the user finds out a suitable suggestion in the suggestion database;

or the system automatically finds out a suitable suggestion in the suggestion database through the suggestion editor/matcher according to an analysis result of the financial destiny chart module.

13. A life-components oriented financial planning system in accordance with claim 1, wherein the life components are divided into three groups:

the first group is people, which is based on social relationships;

another group is possession, which is based on the function of a possession;

the last group is incidents, referring to risk or unexpected events that occur;

all life components comprise financial modules, which are divided into three types, person, property and place;

the financial modules use various numbers of projections having various characteristics to depict financial characteristics of people around the planning target, possessions owned by the planning target and places of the possessions in association with the planning target.

14. A life-components oriented financial planning system in accordance with claim 13, wherein a location selected by the planning target will change modules related to the place of the financial modules in the life road and life component;

and the starting and ending of the life component will occur within the life road of the planning target.

15. A life-components oriented financial planning system in accordance with claim 1, wherein the life component comprises financial modules and the financial module comprises projections of varied numbers and characteristics, and the life component structurally comprises also projections of varied values and characteristics;

a projection is a series of data, and the amount of data is equivalent to the length of life of the planning target; and

the projection is divided into two groups, value on living group and available at death group, each of which is further divided into four categories;

assets, liabilities, income and expenses, resulting in a total of eight types of projections.

16. A life-components oriented financial planning system in accordance with claim 15, wherein each projection has its own category and label;

each financial module has a different combination of projections and a different number of projections;

the number of projections and the data generation formula of each projection are fixed in the design phase and are not to be freely increased decreased or modified; and

wherein for the purpose of calculation, the financial module comprises several auxiliary projections that have a sole purpose of facilitating the calculation of data of other projections, have no category or label, and are not used for indicating the financial status of a planning target;

the planning target does not need to pay attention to the existence of the auxiliary projection, and thus the auxiliary projection is an invisible projection for the planning target.

17. A life-components oriented financial planning system in accordance with claim 1, wherein all life components placed on the life road of a planning target are categorized according to financial relationships and placed in the financial relationships chart of the current year of the planning target in the form of a chart.

18. A life-components oriented financial planning system in accordance with claim 1, wherein actual local annual amounts of projections of income and expenses are placed in annually calculated amounts in a life cash flow statement;

among items of the projections of income and expenses, amounts having a non-once-a-year frequency are placed in monthly calculated amounts in the life cash flow statement.

19. A life-components oriented financial planning system in accordance with claim 1, wherein the life financial statements of each year are used for a conventional financial situation analysis, called a vertical analysis;

a life balance sheet among the life financial statements of each year is used for reflecting the life situation of the planning target;

the life financial statements of different year are used for a projection analysis, called a horizontal analysis;

data and results of foregoing analyses are used in a financial planning report and fed back for adjusting expectations and projection variances of life road values to optimize life goals.

20. A life-components oriented financial planning system in accordance with claim 1, wherein when a life component is dropped onto the life road represented by the timeline planning interface, the life component interface of the life component appears, in which life component values are input, a life component value is locked in or unlocked from a specific life road value, or a life component interface template is selected.

21. A life-components oriented financial planning system in accordance with claim 4, wherein several values in the projection interface or item interface are adjustable by a graphical adjustment interface formed by a life equalizer.

22-25. -25. (canceled)