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System and method for using an analogy in the management of personal finances

  • US 8,595,105 B2
  • Filed: 07/06/2011
  • Issued: 11/26/2013
  • Est. Priority Date: 03/24/2011
  • Status: Expired due to Fees
First Claim
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1. A system for presenting financial data, the system comprising:

  • a computer;

    storage operatively interfaced to the computer;

    a user profile stored on the storage, the user profile containing user information and user financial data; and

    software running on the computer, the software reads the user profile and translates the user information and the user financial data into a financial status, the user profile comprises user information and financial data, the user information comprises an age of the user or a date of birth of the user, an age of retirement goal, and the financial data comprises one or more data selected from the group consisting of assets, incomes, debts and expenses;

    the software calculates a time remaining that is proportionate to the number of years until the age of retirement goal is achieved, an estimate of the time that the user will be soluble after retirement based on the assets that the user is predicated to accumulate and the software calculates an estimate of time that the user needs to plan for after retirement based on an estimated life expectancy of the user;

    the software translates the estimate of time that the user will be soluble after retirement into a home score and translates the estimate of time that the user needs to plan for after retirement into an away score;

    the software displays the home score and away score in a scoreboard format of a predetermined sports analogy.

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