ORLANDO, FL (PRWEB) August 8, 2004
Fourteen cash flow consultants achieved one of their most sought-after goals recently when they were inducted into the Million Dollar Club (MDC) of the American Cash Flow AssociationÂ® at the AssociationÂs annual convention, held in New Orleans.
Added to the membership of this exclusive club were: Joe Arteche of Miami, Fla.; Flor and Ralf Bieler of Tequesta, Fla.; Pearce Boyer of Grass Valley, Calif.; David Crane of Birmingham, Ala.; E. Terry Jaramillo of Miami, Fla.; John LeBeau of Bristol, Conn.; Kenneth McGinness of Nashville, Tenn.; Darryl and Vanessa Morrow of Haddock, Ga.; Alan Noblitt of San Diego, Calif.; Denya Shimnoski of E. Lansing, Mich.; Jarrod Williams of Frisco, Tex.; and John Waugh of E. Lansing, Mich.
Boyer, Crane, Shimnoski, and Waugh were inducted as corporate members. The others all are graduates of the American Cash Flow InstituteÂs certified cash flow consultant training programs.
To achieve MDC status, members must transact one of the following:
Â $1 million in real estate notes, business notes, mobile home notes, or other collateral-based debt instruments or a combination of collateral-based instruments.
Â $2.5 million in lotteries, structured settlements, viatical awards, or other government or insurance-based instruments.
Â $5 million in accounts receivable; retail installment contracts; delinquent commercial, consumer or credit card debt; or other business or consumer-based instruments.
Corporate members must make a higher number of transactions within a corporate setting.
ÂI am always excited to see people achieve Million Dollar Club status, whether it takes 10 years as it did in Ken McGinnessÂ case or less than one year as in Alan NoblittÂs case, Â said Fred Rewey, president of the American Cash Flow Corporation. ÂEveryoneÂs story is different. Some people achieve MDC status working full-time; others make it working part-time. Some get there on the strength of a single deal; others take more time because they are working smaller deals.
ÂThe two things that are the same in every case, however, is that these people set MDC as one of their strategic goals and they persevere, refusing to accept failure. These are truly the best and brightest of our graduates,Â Rewey added.
The Million Dollar Club was established in 1995 at ACFAÂs annual convention, held that year in Atlanta. Since then, between 10 and 25 cash-flow consultants have been inducted into the MDC each year.
Members of the club benefit by being named lifetime gold members to the Association. With that designation, they receive free registration for themselves and a guest to all conventions; a free subscription to the American Cash Flow
JournalÂ®, the AssociationÂs monthly publication; free access to member advisors for life; and a gourmet banquet held in their honor each year at the convention.
About American Cash Flow
The cash flow industry is the fastest growing area of the financial services arena today. The American Cash Flow InstituteÂ®, founded in 1988, provides an effective training program that prepares people to become consultants in the cash flow industry. The training offers comprehensive programs through which enrollees get practical, industry-wide information, taught by practicing industry professionals. ACFI remains committed to its graduatesÂ success by providing ongoing support through membership in the American Cash Flow Association.
The American Cash Flow Association manages the infrastructure of the cash flow industry. It comprises a staff of industry experts who provide support services and products to its membership.
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