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No, really, you don't want to win the Powerball lottery -- no matter how big the prize

Please type in your email address in order to receive an email with instructions on how to reset your password. This wry and funny memoir tells the story of America's addiction to gambling from an astonishing angle.

Money for Nothing: One Man's Journey through the Dark Side of Lottery Millions

At age twenty-six, broke and knee-deep in gambling debt, Ed Ugel serendipitously landed a job as a salesman for "The Firm," a company that offered up-front cash to lottery winners in exchange for their gradually-doled-out prize money. Ed made a lucrative living by taking advantage of lottery winners' weaknesses-weaknesses he knew all too well. As Ed saw up close the often hilarious, sometimes sad outcome when great wealth is dropped on ordinary people who rarely have the financial savvy to keep up with the lottery-winner lifestyle, he discovered that the American Dream looks a lot like a day at the casino.

And like those lottery winners, Ed struggled to find a balance in his own life as his increasing success earned him a bigger and bigger salary. You will lick your chops, eager to hear the sordid woes of winners gone broke from spending sprees.

The ‘curse’ of winning the lottery?

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Remember Me. Forgot your password? Close Login. Forgot Password. Close Reset Password. 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. 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. He and his staff were quite willing to gamble both with their own money Many of us have our own addictions. If gambling is yours If gambling is not your particular vice, read it 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! The book suffers a little from Ugel's fear of being sued for breaching his non-disclosure agreements with the Firm--many more factual details about actual lottery winner cases and amounts and Firm paychecks would have been welcome.

This is an odd type of whistleblower's story wherein the whistleblower has already been paid millions not to tell his story and hopes to make more millions telling a sanitized version without getting sued by his ex-colleagues. But Ugel does a good job of lifting the veneer of respectability off lotteries and showing the ugliness linking video poker, casino gambling, lotteries, and "high finance. Here at Walmart.

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Homeless People Who Won the Lottery

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Why You Should Never Buy Lottery Tickets - Capable Wealth

Average rating: 4 out of 5 stars, based on 2 reviews 2 reviews. Edward Ugel. Walmart Tell us if something is incorrect. Book Format: Choose an option.

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