Money For Nothing, the book
July 22, 2008
Edward Ugel has written a light breezy memoir entitled, Money For Nothing: One Man's Journey Through The Dark Side Of Lottery Millions. Ugel describes his career as a lump sum salesman to lottery winners who rather than wait for the annual annuity check decide to sell their win to a financial investment company for a lump sum.
Ugel describes how the lump sum salespeople prey on the weaknesses and character defects of winners to make their sales and collect thousands in commissions. Turns out Ugel has a gambling problem himself and so part of what makes him a successful salesman in this bussiness is that "it takes one to know one."
The thing that makes this book palatable is Ugel's self denigrating stance, his humor, and his humility. He is aware of his problems and he knows that at once they are his greatest assett and his greatest deficit. He makes no bones about it and seems honest in a way that is refreshing and kept me reading to the end.
The book is disjointed and written like a high school term paper, but enjoyable nonetheless and gives the reader an inside glimpse of the underbelly of state lotteries, the people who play them, and the people who prey on the unfortunate winners.
Thanks for always being the source that explains things instead of just putting an unjustified answer out there. I loved this post.
Posted by: English UK | February 14, 2011 at 03:26 AM