Cash in on Cash Flow: How to Make Full Time Income with Part Time Effort in America's Hottest New Business

Laurence J. Pino, Author
Laurence J. Pino, Author Simon & Schuster $25 (288p) ISBN 978-0-684-84862-4
Paperback - 288 pages - 978-0-7432-8859-0
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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. (June)
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