It's CRITACL
Get the knowledge. It's CRITACL.
The true meaning of life is to plant trees under whose shade One does not expect to sit -Nelson Anderson
Carry around the knowledge that every expense One incurs is not only costing One the face value of the expense, but also the opportunity cost of the income One can earn from the income for One's use and the legacy benefit that One can pass to One's future generations.
Introduction to CRITACL?
Control & Redirect Interest & Taxes & Accumulate Cash & Lecerage (CRITACL) is a financial technology solution that mitigates the negative effects of debt (i.e. taxes, loan interest, credit card interest and student loans) to help One optimize One's income earned. This optimized income accumulation can be accessed during One's working and retirement years tax free.
When One pays an expense with One's income or One pays using One's credit card, One is transferring (giving) away one of the most valuable resources that One can have in One's possession. One is in the "habit" of handing over most of One's income without even a "thought". Millions of dollars pass through One's posession. Yet One has only a sliver of all those millions in income that One labored to earn when One could use them the most. Why is that? How is that? The "simple" response may lie in One's "habits". Yet is actually not that simple. This has occured through a process of conditioning.
What if there is a better way. There is. That way is CRITACL. CRITACL allows for One to capture up to 100% of the the millions in income that One labors to earn during One's lifetime as well as the interest that One has been forfeiting instead of it ending back in the hands of banks. The "asset" at the forefornt of this technology will require a open-minded mental shift. One can read more here.
EXAMPLE CRITACL SCENARIO
One labors to earn an hourly wage of $7.25. This is an annual income of $15,080 per year. One will earn $911,620, factoring in 3% annual income increase, during 35 working years. One will experience financial destitution during One's' entire life. In retirement, after One has labored to earn the $911,620 all of those year, One will experience something below financial destitution in retirement. One will reside in the 10% take bracket during all those 35 year that One labored to earn the $911,620 even with factoring in 3% annual income increase. One will have and estimated 42% of One's income confiscated in taxes (federal, state, and sales). One will have paid an estimated 34.5% of One's income in interest. This will leave One with approximately 23.5% of One's earned income for essential living expenses to include preparing/saving for retirement.
One can see the numbers here and use One's own numbers. None of the entered information is captured nor stored. It is provided to give One an actual perspective of One's own financial account.
THE TECHNOLOGY'S GOAL
The objective of CRITACL is to assist One in changing One's financial position during One's working years and into retirement and begin a financial legacy for One's family for generations.
HOW ÇRITACL DELIVERS
CRITACL will potentially assist One in capturing and recapturing over 100% of the total $911,620 income One labored to earn during One's working years in interest for an estimted amount of $1,906,698
$ 69,739 Medicare & Social Security Taxes
$102,726 Federal & State Taxes
$739,155 Taxes, Interest, & Living Expenses Expenses
$1,906,698 Total Earned In-come & Expense Payments Re-captured
Accumulate
- One accumulates income to start, raise, and provide for One's family
- One accumulates income to provide for One's future self when One chooses to no longer labor to earn income or when health conditions does not allow One to earn income
- One accumulates income to protect One or One's loves ones when One's life is affected by risk
One can learn how One can learn how to protect and accumulate One's earned income here or One can see results here. It's CRITACL.
A wise choice is to transfer risks which are insurable to an insurance company
Speculation & Volatility
Speculation is a parasite feeding upon values, creating none -Andrew Carnegie
Speculation
The forming of a theory or conjecture without firm evidence.
Volatility
Volatility describes how unsettling something something is. The more volatile, the more unpredictable a thing is.
- Does not capture inflation risk
- Ignores whether an thing goes up or down in value
- Does not include the full picture
- Ignores whether an thing is cheap or expensive. A thing, at it's base, is only worth worth another is willing to pay for it
Shortfalls
One can learn how to remove speculation and volatility and instead experience consistent, predictable, and guaranteed growth of One's earned income here or One can see results here. It's CRITACL.
Taxes & Interest
The average individual will pay over 40% in taxes and over 32% in interest fees over One's lifetime. This will result in hundreds of thousands of dollars in lost opportunity cost lost. An individual earning minimum wage is transferring over $1,300,000 in earned income. This is income that One can have available in One's life-of-leisure (retirement).
One can learn how to calculate what One's own income can earn for One here or One can see results here. It's CRITACL.
Living Expenses
Afer taxes and interest, the average income available for One to spend on living expenses and prepare for One's life-of-leisure (retirement) is approximately 23%. That is equivalent to approximately 23¢ of each dollar that One earns. It's CRITACL
Leverage
Leverage within the context of CRITACL is to use the income that One labors to earn to earn income for One. To put One's income to work for One rather than One only working for income. It's CRITACL
Coming down Mt. Everest
After One has gotten to peak and decided to enjoy the fruit of One labor, One can now access all of the income that One accumulated during One's ascent. One has some remaining items on One's bucket list. One is now ready to enjoy One's more extended life-of-leisure (retirement) memories without the worry of One running out of income. One's income will continue working for One as it is CRITACL to do so.