Just imagine five years from now you will likely be somewhere along the path of 'Plan A' , you know the 40x40x40 plan. Work 40 hours a week for 40 years to get a 40 percent pay reduction called retirement. What if you could retire early? This is the dream for many people, they try many schemes to get rich and fail. Why? The number one reason most people fail in life is because they fail to write down their plan in the form of a goal.
Aren't your ready to succeed? Retirement is changing... it used to be only for those with a pension plan, but today its being reinvented. Retirement means you can live without working. Follow your bliss and forget work. Do it while you're still young. Thats my message to you today. That's Plan B.
How do you get there? It is simple, you must have an early retirement goal! By early I mean 5 years or less. By retirement I mean you can 'work without doing', you no longer have to work for money! Your assets pay you. Most people wouldn't dare to set such a goal. But you're not most people. Now listen closely! Having an early retirement goal in your mind and on paper, you will attract opportunities that will help you along to that goal. Clearly visualize your plan and start immediately. You could save money and invest it like me, or you could start an internet business or both! The possibilities are endless, but you must have the goal written down, its like magic.
The universe tends to unfold the way it is supposed to. Allow yourself to rise to your full potential naturally. Retirement is a goal just like any other, it can be a long term goal and/or a short term goal. But, you must have that goal clear in your mind.
Just think, if you take the next half hour to contemplate the direction your life will take in the next five years, wouldn't it be nice to work without doing, to be retired?
How much time do we spend planning vacations, parties etc.but how little do we contemplate retirement. Forget whether or not you can achieve a goal, the important thing is to have a goal inspire you. If you shoot for the moon and miss you'll still be among the stars.
According to China's Ministry of Land Resources, China plans to build up ?sufficient reserves? of uranium and other minerals, in a new five-year government plan. The ministry said it would be stockpiling strategic reserves of uranium, copper, aluminum and other key minerals because of rising demand for those commodities. The Chinese also wish to avoid supply disruptions by hoarding uranium and other minerals, over the next few years.
Until now, you've probably taken for granted a steady, reliable source of electricity. A large part of your dependable energy came about because of the nuclear energy generated by the 103 nuclear reactors in 30 states. Without a steady supply of uranium to power those nuclear reactors, the U.S. electrical transmission network suffers a 20 percent loss. China's new five-year plan to stockpile uranium had better be a Wake-Up Call to U.S. utilities. If they missed the import of China's announcement, we are all going to be in a heck of lot of trouble before this decade ends.
Since June 2004, we have warned of supply disruptions for uranium. David Miller, who has since become President and Chief Operating Officer of Strathmore Minerals, argued at the time, ?In my opinion, no one has any extra uranium to sell on the spot market. There's just not excess inventory that people are unloading in the spot market.? We interviewed Miller again in November 2005, for an article entitled, ?China Demand for Uranium, World Growth in Electricity Demand to Drive Uranium Price Higher.? Miller warned us, ?China is the future wild card? what they are planning for nuclear is probably the most aggressive program in the world.? Miller added in his explanation, ?All the new production is already factored into the future market for uranium. We're underwater right now without building one more nuclear power plant.?
In mid April, during an interview with Sprott Asset Management Market Strategist Kevin Bambrough, we asked him about the Chinese. He answered, ?Why shouldn't they have strategic uranium reserves to supply their nuclear reactors? It makes sense to have a good stockpile of uranium considering the relative cost of nuclear power versus anything else.? And now, the Chinese plan to build up a strategic reserve of uranium for their aggressive nuclear program.
In another interview, also published in April, Gene Clark, CEO of TradeTech LLC warned us, ?In reality, the U.S. utilities, which tend to wait longer to contract, may be the ones on the losing end because the Chinese and the Indians will contract early. The implication of current group-think is that the Chinese and Indians are not going to be able to find enough uranium for their new plants. But, they are committing for supplies way out into the future. When the U.S. utilities come to the market, they're going to look around say, ?Oh blankety- blank, what happened? Where's the uranium?? They'll be the ones that sat around. I think that is what's going to happen unless things really change in the way contracting is done in the United States.?
U.S. utilities have been cautioned, warned and advised that the Chinese demand for uranium could very well create a serious energy crisis for the U.S. grid. Nuclear reactors help supply the baseload generation for the U.S. electrical grid. Nuclear power plants provide stability to the electricity transmission network. About one-fifth of electrical generation is derived from nuclear power. Nuclear plants are running at more than 89 percent capacity. U.S. utilities are fiddling around like Nero, who watched Rome burn, hoping that promises of increased uranium production will stem the dramatic uranium price rise.
Severe strains in natural gas supplies, combined with the ongoing uranium supply squeeze, could very well put U.S. consumers on rations for their electricity. Can't happen, you say? Ask the Brits about how business was conducted in their country, in late 1973 and early 1974, during the Arab oil embargo crisis. Or more recently, California's rolling brownouts.
An electrical energy crisis is in the making, while U.S. utilities are patiently hoping or praying the price of uranium stop climbing. UxC President Jeff Combs wasn't kidding when he urged U.S. utilities, during our interview, to ?support the expansion of (uranium) production in the United States.? And if you don't let your local utility know about the upcoming electrical energy crisis, then perhaps it will be your lights they may someday be turning out. The irony of ironies: All of those sweet anti-nuclear folks in Vermont, who depend upon nuclear energy for more than 70 percent of their electricity? They'll be the first to suffer the most, if U.S. utilities don't respond to China's five-year plan.
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