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Title: Money for Nothing: One Man's Journey Through the Dark Side of Lottery Millions
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Manufacturer: Collins
List Price: $24.95
Our Price: $6.72
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| Money for Nothing: One Man's Journey Through the Dark Side of Lottery Millions by Collins Little Value | "Money for Nothing" is a superficial, less than credible account of a salesman's life selling "up front" money for lottery winners with multi-year payments. The book references winners' haste to settle (not even inquiring as to interest rates involved), misleading sales pitches that focus on what the winner needs (rather than deserves) to reduce the payout, sudden divorces made possible by the new wealth, etc.
However, few specifics are offered, especially on the financial terms involved. Instead, "Money for Nothing" provides lots of filler - eg. life prior to this job, getting this job, history of state lotteries, etc.
Bottom Line: Buying "Money for Nothing" would be paying money for nothing. | | Money for Nothing: One Man's Journey Through the Dark Side of Lottery Millions by Collins Light and entertaining.. | | A humorous, quick, and easy read. At times, Ugel comes off as an adolescent in his decisions and values, but he puts it all out there for us to see. | | Money for Nothing: One Man's Journey Through the Dark Side of Lottery Millions by Collins There's aways a price to free money | As a counselor for problem gamblers. This is a prime example of PT Barnums saying- there's a sucker born every minute and two to fleece him.
Although in this case there is a firm to fleece them.
This is a model for gamblers to understand then even when you win you loose. I found myself feeling ill at the duplicity that is used on gullible people- Yes they have to agree to it but like banks and the stockmarket that charge high rates and hidden fees, this book lets you know the hidden backstory of what happens when you win the lottery.
The author illustrates well greed is not good! | | Money for Nothing: One Man's Journey Through the Dark Side of Lottery Millions by Collins money for nothing | | if you like gambling or vegas, then you'll enjoy this reading. busting vegas by ben mezrich and jonny magic & the card shark kids by david kushner were better. | | Money for Nothing: One Man's Journey Through the Dark Side of Lottery Millions by Collins Ugel's Book is So Much More Than About the Lottery! | Money for Nothing: One Man's Journey Through the Dark Side of Lottery Millions--an intriguing title for an intriguing book just out by Edward Ugel. So you like to gamble? Maybe just buy lottery tickets? Reading this non-fiction, astonishing book may be the best thing you've ever done for yourself. Ugel tells all in his story about his years as both a gambler, and a salesman, and then as an employee of a company that offered upfront cash to lottery winners in exchange for their prize money.
You've all seen the commercial for some company that offers cash that is due to you. All of the people cry out from wherever they are that it's their money and they want it now. If that company, called The Firm, in this book, is one that caters only to lottery winners, however, there are oftentimes millions of dollars involved--and even though the winner may have won big, they may be as poor as ever!
One of the key issues is whether the particular lottery allows a lump sum as opposed to long-term payments. Selection of a lump sum has not always been available. Additionally, when you see the picture of the winner getting a large check with a large sum identified on it, the amount is always the amount before taxes!
Horror story after horror story for lottery winners are shared in this book--all names changed, of course.
Ugel has tried hard to write in an upbeat fashion in telling his story. His chapter titles are catchy. He ridicules some of his own actions and invites the reader to smile and commiserate with his choices. But he's not really telling about a fun-filled life. The book, in my opinion, is very much an expose' of this type of financial company, albeit though they are acting legally. Additionally, Ugel's epilogue, written in a time schedule/diary fashion reveals exactly what the addicted gambler goes through each time he gives in to this vice.
Ugel has been a gambler since the age of 19, working at jobs to earn enough money so he could go gamble. When he was called to a bar by a friend, where a potential supervisor was drinking and smoking, Ugel thought he had finally found the place where he belonged. Indeed, while his boss was there at the The Firm with him, he quickly moved into big money and promotions, each time his boss moved up. But no matter how far up he went, he at last began to hate working with the man and quit, even though he was offered almost twice his present salary to stay. Ugel struggled through the following time, until he was called and asked to return. His former boss had quit and he was being offered his job. This had been what he had always wanted. He believed he could do the job and was soon back at The Firm.
Ugel did all right until his former boss opened his own business as a major competitor and quickly started winning potential customers away from The Firm. Ugel was finally relieved to be fired, for even though he was a super salesman, he realized that he had treated his job, and allowed his subordinates to also treat their jobs, as if each "lead" was merely a "gamble" and since there was always the potential for high commissions without working too hard, he realized that though being a better "gambler" than his former boss, he was not even close to being the kind of manager that his boss had been. As he said, "a gambler is a gambler is a gambler" (p. 212). He and his staff were quite willing to gamble both with their own money...and with the lottery winners' money!
Many of us have our own addictions. If gambling is yours...read this book! If gambling is not your particular vice, read it...and insert your own predilection. For underneath the humor, Ugel has written a story that just may help you rethink what you are doing, to yourself, to your family, and on your job! Thank you, Edward Ugel, for sharing your life in such an open way and making us realize that Money for Nothing may be more trouble than anyone could imagine!
| | Money for Nothing: One Man's Journey Through the Dark Side of Lottery Millions by Collins Product Description | In his wry and funny memoir, Edward Ugel tells the story of America's addiction to the lottery from an astonishing angle. At age twenty-six, Ed found himself broke, knee-deep in gambling debt, and moving back into his parents' basement. It all changed, however, when he serendipitously landed a job as a salesman for The Firm—a company that offered up-front cash to lottery winners in exchange for their prize money, often paid in agonizingly small annual payments, some lasting up to twenty-five years. For the better part of the ensuing decade, Ed spent his time closing deals with lottery winners, making a lucrative and legitimate—if sometimes not-so-nice—living by taking advantage of their weaknesses . . . weaknesses he knew all too well. Ed met hundreds of lottery winners and saw up-close the often hilarious, sometime sad outcome when great wealth is dropped on ordinary people. Once lottery winners realized their "dream-come-true" multimillion jackpots were not all that they were cracked up to be, Ed would knock on their door, offering them the cash they wanted-and often desperately need. This cash sometimes came at a high price, but winners were rarely in a position to walk the other way. As Ed learned, few of them had the financial savvy to keep up with the lottery-winner lifestyle. In fact, some just wanted their old lives back. A charmingly neurotic gambler, Ed traveled deep into the heart of the country where he discovered the American Dream looks a lot like a day at the casino. And Ed knows casinos. In fact, his own taste for gambling gave him a unique insight into lottery winners: he intimately understood their mindset, making it that much easier to relate to them. And like lottery winners, Ed struggled to find balance in his own life as his increasing success earned him a bigger and bigger salary. Even as he relished his accomplishments, he grappled with the question: "If you are good at something that is bad for some people, does that make you a bad person?" Ed Ugel takes the readers inside the captivating world of lottery winners and shows us how lotteries and gambling have become deeply inscribed in every aspect of American life shaping our image of success and good fortune. Money for Nothing is a witty, wise, and often outrageously funny account of high expectations and easy money. |
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