Money for Nothing: What Happens to Lottery Winners Who Get the Lottery Results They Want

Edward Ugel Writes a Riveting Account Focused on One Part of the Gambling World

By jcorn, published Mar 26, 2008
Published Content: 235  Total Views: 147,752  Favorited By: 200 CPs
Rating: 4.5 of 5
Have you ever wondered what you'd do if you were a lottery winner or thought to yourself "If I won the lottery, I'd...." ? What if your ticket finally hit those magic five - or six - numbers that resulted in a huge payout?

Recently, I was able to interview Edward Ugel, author of Money for Nothing and I'll get that interview up here as quickly as possible. Ugel was someone who worked for "The Firm" a company that knew exactly what to do with lottery winners and how to make money from them. Read this book and you may never look at those lottery tickets the same way again!

Even if you do decide to keep buying lottery tickets, you'll find yourself wiser about what could happen - if and when - you become an actual lottery winner. Not surprisingly, the money you get may not be paid out the way you assume. Read this book and wise up, at the very least. It could be one of the smartest things you do, other than steering clear of the lottery completely.

So who is Edward Ugel and how did his life connect so strongly to lottery winners?

For starters, he is a man who worked for "The Firm", a company who gave cash payments to lottery winners who (not surprisingly) needed those payments all too often - even after winning the lottery.

Lottery winners are often so focused on the goal (winning, of course) that they don't understand what happens if they do win. This made it easy for people like Edward Ugel - and others - to profit from their ignorance. Before you rush to judgment, I suggest you read the book first because Mr Ugel is just as hard on himself as any reader could ever be.

That was what made the book so fascinating to me as well as the way Ugel interspersed his own life story with characterizations of actual lottery winners. It didn't take long to discover that Edward Ugel wasn't so different from those he fleeced. Lottery winners gambled and so did Edward - and not just when it came to figuring out how much to pay those unfortunate souls who needed money, getting in financial trouble or wanting cash payouts even after hitting the jackpot.

Takeaways
  • The reality behind lottery winners who get the lottery results they want
  • What you need to know about hitting the jackpot and making millions instantly
  • Review of Money for Nothing by Edward Ugel
Did You Know?
I interviewed Edward Ugel, author of Money for Nothing
Resources
Comments
Showing Comments 1 - 15 of 68
Next >>
 
Great article. My cousin-in-law's father won our state jackpot, around 5 million dollars. He ended up giving $300 to his relatives (yes, total) and put the rest in an investment account. With no will. He is not a bright man, tbqh.

Posted on 04/13/2008 at 9:04:17 AM

 
I've got to get the book, You really intrigued me.

Posted on 04/02/2008 at 2:04:23 AM

 
:)

Posted on 04/01/2008 at 11:04:22 AM

 
Interesting, lol, but I could stlil be happy with a huge lottery win, lol, only problem is I would have to buy a ticket and I am not really into gambling at all. But if I did and had a huge win I wouldn't part with it or be tempted into not waiting for it to come through into my bank account, lol, not that stupid. I could do so much for so many if I had the funds, awww well one day maybe? :-)

Posted on 03/31/2008 at 5:03:02 AM

 
I realize this is somewhat off-topic, but one of my favorite shows when I was a young girl living in poverty, was "The Millionaire". I loved watching what happened to families after John Tipton delivered the Million $ Check. It was hardly ever a good thing in the end. The point? I don't gamble! ---------- This book sounds like something my sons will get for Christmas this year, so let's get it on with this review! I wait with baited breath, J!

Posted on 03/29/2008 at 11:03:55 PM

 
Sounds like an interesting book. I've read some of the horror stories on how some state lotteries only donate a very small portion to actual education. It makes me proud that North Carolina donates 100% of the net profits to education. It's one of the few who actually do. As a college student I have definitely seen how our schools have improved in the few shorts years since the lottery began here.

Posted on 03/29/2008 at 4:03:08 PM

 
This was an unusually interesting article. Thanks!

Posted on 03/29/2008 at 3:03:54 PM

 
INFORMATIVE.

Posted on 03/29/2008 at 11:03:25 AM

 
Very interesting read!

Posted on 03/29/2008 at 2:03:59 AM

 
Very interesting. I'm looking forward to the interview!

Posted on 03/28/2008 at 7:03:18 PM

 
This is a great article, but I believe winning the lottery isn't bad, per se. Most folks do not know how to handle sudden wealth responsibly, and THAT is the "curse".

Posted on 03/28/2008 at 5:03:08 PM

 
sounds very interesting

Posted on 03/28/2008 at 4:03:42 PM

 
Very interesting! I have thought about what I'd do if I'd win the lottery, which is funny since I have never bought a single lottery ticket in my entire life! (FWIW, my plan would be not to change my lifestyle too much, except I'd quit my job so I could write full time. Thankfully, I'm not even remotely interested in an extravagant lifestyle.) On a different note, I used to do merchandising in several grocery stores. I'd have to go to the customer service counter to have the manager sign my paperwork stating I had completed the assignment. I was always amazed by the number of people -- who obviously didn't have money to waste -- who were in line buying lottery tickets.

Posted on 03/28/2008 at 4:03:16 PM

 
I've always wondered whether winning the lottery would be an overall positive or not.

Posted on 03/28/2008 at 3:03:58 PM

 
You hit the jackpot today. Refreshed several times and gave up and went to your other articles. Same thing, but came back here and it worked! Got you quite a bit of clicks on this article, but it wasn't just luck--it was because it was so good!

Posted on 03/28/2008 at 3:03:25 PM

Type in Your Comments Below
Your name:

Submit your own content on this or any topic. Get started »
Showing Comments 1 - 15 of 68
Next >>
Most Commented On