13 Inducted Into the Million Dollar Club at Cash Flow 2005, May 26-29

Each of the new inductees was introduced at the awards ceremony that closed the annual convention and given a plaque commemorating their achievement.

SAN FRANCISCO (PRWEB) June 19, 2005 -- Every year, most of the people who attend Cash Flow conventions go home with a very definite goal in mind. They want to become members of the American Cash Flow Associations Million Dollar Club.
   
May 28, 13 people realized that dream. They are: Tom Anderson of California, JB Banning of Texas, C. Talmadge Bell of Utah, Hubert Brouche of Michigan, Henry Dvorken of Texas, Anne Gordon of Texas, Steve Gouldsmith of Missouri, Don Lane of California, Christopher Lippincott of California, Doug McLeod of Texas, Paul Pahwa of California, Michael Ponomarew of Canada, and Jemila Williams of Louisiana.
   
For some - Tom Anderson, Henry Dvorken, JB Banning - becoming a member is more a strategic move than a recognition of achievement. They are long time participants in the cash flow industry.
   
For others, however, receiving that plaque Saturday night was a dream come true. There are some basic truths that can be learned from some of their experiences.
•   Doug McLeod listened to the advice of his ACFI instructors and told his inner circle of his newfound career. Someone within that circle was able to join with him in finding people with life insurance who wanted to sell them, and he negotiated enough life settlements to make the Million Dollar Club.
•   Don Lane went the Master Consultant route, not worrying about having to share his commission with someone else, and he has achieved MDC status in the area of lawsuit financing.
•   Christopher Lippincott also worked with a mentor and joined the club on one very substantial private mortgage deal.
•   Michael Ponomarew, our first Canadian MDC, saw immediately that he had to educate his prospective clients about the value of factoring, so he didnt try to sell, sell, sell. Instead, he became a teacher, first. He also established a solid relationship with a specific funding source that was willing to work with him, and he believed in the strength of the local Chapter.
•   Jemila Williams didnt just focus on one niche; she found a niche within a niche and concentrated all her energy there. Now, she virtually creates a new company for each niche she moves into.
•   Anne Gordon followed a similar path, recognizing the microniche in minority owned companies that contract with the government.
•   Steve Gouldsmith entered the cash flow industry because he wanted to spend more time with his growing children and saw it as a way he could do that. For him, it was the benefit of working from home that gave him all the motivation he needed.
•   Hubert Brouche had been in business all his life and entered the cash flow industry as a factor. He wanted to be a funding source from the beginning. He funded his purchases by selling off some of his stock market investments and discovered that debt instruments are a far better investment than the stock market.
•   C. Talmadge Bell, a real estate investor, discovered through the cash flow industry that when he couldnt purchase a note himself, he could find an institutional buyer who would purchase it - and pay him a commission.
•   Paul Pahwa, also a real estate investor, knew there was still a lot of gold in the hills and valleys of California and earned his share of it through factoring real estate commissions.
   Each of the new inductees was introduced at the awards ceremony that closed the annual convention and given a plaque commemorating their achievement.
   Other awards given out at the ceremony included:
•   The ACFA Presidents Award, given to John Bledsoe of California. This award is given annually to the person who most exemplifies the giving nature of ACFA members and their willingness to share their knowledge with others and to serve as mentors.
•   The ACFJ Contributing Writer of the Year Award, given to Jeff Armstrong of California. This is given annually to the person who shows the most enthusiasm for sharing with the readers of the ACFJ and also makes a unique contribution to its content.

The American Cash Flow Association® is a national member organization serving the cash flow industry, which fosters growth, pioneers advancement of the industry, and supports its members with products and services. The Association promotes professional standards and provides a forum for communication, including the exchange of ideas and transaction of business, leading to success in the cash flow industry.

The American Cash Flow Institute® is an organization that trains people to become participants in the cash flow industry. In addition to offering basic training, ACFI has several advanced training programs. The cash flow industry helps individuals and businesses convert payment streams they receive over time into a lump sum of cash. Students of ACFI learn to service those individuals and businesses by finding investors interested in purchasing their payment streams.
   
The American Cash Flow Journal® is the trade publication of the American Cash Flow Association®.

Contact:
Marc Narine
407-206-6500
mnarine@dynetech.com

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american cash flow cash flow 2005 cash flow convention american cash flow institute american cash flow corporation acfi acfc acfa larry pino fred rewey dynetech

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