Cash In On Cash Flow: How to Make Full-Time Income with Part-Time Effort in America's Hottest New Business
This book is written in the style of the "make a fortune in real estate" guides that flourished during the 1980s. Pino, who heads a training organization in Florida, argues that he's on to the next financial craze: buying receivables at a discount. Though the concept is hardly new?factoring, owner financing and pawn shops are three variations?the rise of lotteries and structured insurance settlement payments have added glamour to the idea. Using straightforward language and even simpler examples, Pino explains that there is a major difference between having assets and having cash, and that often people are eager to sell assets at a discount to realize money immediately. The author does an excellent job of explaining how the industry?and this is indeed now an industry?works, but he underplays the problems: some structured payments and lotteries don't allow the assigning of benefits, and there is no guarantee that a receivable bought at a discount will return the amount you are owed.Copyright 1998 Reed Business Information, Inc.