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Home > Biography > Business > Money for Nothing-eBook
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Money for Nothing
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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Title of ebook: Money for Nothing
ISBN: 9780061497759
Publisher: HarperCollins e-books
Internet download file size: 225 kb
Pages: 256
Released online for download: 09-18-2007
Author of eBook: Ugel, Edward


Chapter One


Gonzo Goes Fishing

August 1997: Southeast Florida

I am watching Tommy roll another joint, one handed, while driving his new boat straight out of the inlet into the Atlantic Ocean. I'm laughing so hard it's making me even more nervous, happy, sad, stunned. I just made a serious commission off this guy and he's taking me out fishing, too. Forty minutes ago, we were at his bank notarizing the signature pages of his contract. Now, we're off the clock.

Thank God I left the contracts in the car. There's sea spray everywhere. They would be soaked, and I'd be beside myself—just beside myself.

Tommy's someone you like right away. Three years ago, he won a handful of millions in the Florida Lottery. Tommy swears he was happier before he won. I know he's telling the truth. That's ... read full excerpt from Money for Nothing ebook




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