How to Survive (and Perhaps Thrive) on a Teacher's Salary
By: Danny Kofke
Published: Oct 2007
ISBN: 1598869027
Format: Paperback 88 pages
Publisher: Tate Publishing
"I guess you could say that I have always been frugal with money", writes special education teacher Danny Kofke, in his practical and easy to understand book How to Survive (and Perhaps Thrive) on a Teacher's Salary. The author shares how he and his family lived well on a teacher's pay, and were able to buy their own home and save for retirement.
Danny Kofke describes how he and his wife Tracy lived and taught in Krakow, Poland and gained valuable global perspective, while saving money for their return to teaching in Atlanta, Georgia. The overseas teaching experience provided the author and his family with a base of money to build their financial freedom. Because Danny Kofke had avoided the massive student loans and consumer debt, that sabotage the financial plans of so many young professionals, he was able to put the teaching salary to work for his family instead of creditors. The sacrifices required to build wealth were minor compared to the resulting benefits.
Danny Kofke (photo left) recognizes that starting salaries for teachers, and indeed for most professions are low. As a result, new professionals must develop and work within a fairly tight financial budget. The author demonstrates how to build and stick with a manageable budget that suits the needs of the individual family. The author acknowledges that he received some assistance and had some good fortune along the way. At the same time, his hard work and careful money management created much of that luck. Without the crushing weight of interest payments to hinder his family's finances, Danny Kofke created many new money building opportunities.
For me, the power of the book is its timeless message that careful money management, combined with hard work, pays off in the end. The often complicated financial concepts are presented in an easy to understand manner, with the real life example of Danny and Tracy and their family. For readers unfamiliar with budgeting, financial planning, and investment, the book is an excellent primer for understanding the basics and getting started on a solid financial foundation. Because the book is compact, the fundamental ideas can be read with ease of comprehension.
I highly recommend the practical and reader friendly How to Survive (and Perhaps Thrive) on a Teacher's Salary by Danny Kofke, to anyone at any stage in their teaching career, seeking to improve and solidify their family financial position. The lessons taught in the book are universal, and can be applied readily to any young or even established professional career.
Read the empowering How to Survive (and Perhaps Thrive) on a Teacher's Salary by Danny Kofke, and get yourself and your family started on the road to financial freedom. Instead of living pay day to pay day, and having no savings for retirement, discover how to take charge of your own financial present and your family's future.
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