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How to Survive (and Perhaps Thrive) on a Teacher's Salary Paperback – October 23, 2007
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More About the Author
Danny's everyday approach to managing money has led him to appear on over 50 television shows including Fox & Friends, Fox News Channel's Happening Now, The CBS Early Show, CNN's Newsroom, Fox Business Network's The Willis Report, HLN's Weekend Express, The 700 Club, CNN's Your Bottom Line, Fox News Channels' America's News HQ, Fox Business Network's Follow The Money, HLN's Making It In America, ABC News Now, Fox Business Network's Varney & Company, HLN's The Clark Howard Show and MSNBC Live. He has also been interviewed on over 450 radio shows and featured in numerous publications including Instructor
Today, Yahoo.com, FastCompany.com, Money Magazine, Bankrate.com, PARADE, Instructor Magazine, CBS MoneyWatch.com, FoxBusiness.com, The Atlanta Journal Constitution, ABCNews.com, USA Weekend, Woman's Day, Consumer's Digest, CNN.com, Bottom Line Personal, Your Family Today and The Huffington Post.
Danny wants to show others if this former teacher can gain financial wisdom and share it with his children they can too. He is living proof that a family can live wealthy on little money.
To learn more about Danny please visit www.dannykofke.blogspot.com.
Top Customer Reviews
Most of the time period covered in this short book, the author "survives" on two teachers' salaries because his wife also works. In addition to their two-teacher income, they earn money on the side by tutoring and working for relatives. In a few brief periods when one of them was not teaching full-time, they received money for teaching part time, keeping someone's child in their home and collecting disability. There are loans from grandma and a home improvement loan to supplement their income. The fact of the matter is that Danny and his wife are rarely without additional streams of income. At one point, Danny leaves teaching altogether for a more lucrative job selling flooring. At the end of the book, Danny goes back to teaching.
So what does Danny teach us about surviving on a teacher's salary? Never rely on a teacher's salary. Have two...and then tutor on the side. Work for relatives and friends as well. Sell a house. Borrow money from grandma. Collect disability. Work part-time. Publish and sell a book. This is how Danny does it.
To end on a slightly more favorable note, Danny does some smart things with his money which are worth emulating but you don't have to buy his book to learn how to do them. Danny suggests his readers check out books by David Bach. I would add that you look to Dave Ramsey and Larry Burkett.
Unfortunately, I must admit that Mr. Mangrum is spot-on is his assessment of this ten-dollar waste.
Over the course of eighty-four pages, Mr. Kofke writes with poor precision, abandons his own commitment to "survive (and perhaps thrive)" on such a salary, and offers the occasional money-saving suggestion of an ethically questionable nature:
In one such example, the author and his wife manipulate their disability insurance to escape $2,293.33 of a $2,318.50 hospital bill following the birth of their first daughter.
The book's greatest worth lies in the author's references to financial literature by David Bach. Personally, I would recommend investing $9.99 in Dave Ramsey's The Total Money Makeover: A Proven Plan for Financial Fitness ($17.99 on this site). Dave offers direct, biblical, effective, "proven" (as the book states) financial advice that would serve a working man well in any profession.
For the record, I do appreciate Mr. Kofke's contribution to the understaffed field of special education...
...but I beg you to refrain from adding his book to your cart. Tate Publishing should be ashamed for endorsing such literature.
Unfortunately, this book appears to have been written just before the economy went south. The author is very lucky to have graduated in time to have a few years under his belt before new teachers began being laid off in droves. He is also incredibly lucky to have come from an upper middle class home. He worked for his dad as a teenager (whereas these days unemployment for teens who want to work is very high since older people who are out of work are going after the jobs that used to be occupied by high school students). His father in law got them a discount on a new car. He and his wife were able to make a huge profit on their house in Florida before the recession hit and now there are many homes in foreclosures and houses are selling for much, much less than they were "worth" a few years ago. They sold their house within a few hours of putting it on the market! That doesn't happen anymore, sorry.Read more ›
Most Recent Customer Reviews
This has nothing to do with the author and his family using resources to make do on a teacher's income. Read morePublished 18 months ago by Cindy
I really wanted to like this book and learn something from it, and I learned one thing: get short term disability then immediately get pregnant to use said short term disability... Read morePublished on January 27, 2014 by Chula
I'm not sure what I expected. I think I was hoping for more than a rehash of the top 5 tips to save money. Read morePublished on April 25, 2013 by D. C. Rawdon
10 bucks for a book on how to survive on a teachers salary? you can find these tips online, for FREE! save your money-there's a tip!Published on February 15, 2013 by esndk
I bought this book thinking that there would be some great advice on how to live only on a teacher's salary. However, after reading this book, I found little to no helpful advice. Read morePublished on January 18, 2012 by zaly
I am something of a personal finance junky. I read a lot of finance books, always looking for tips that I can incorporate into my life. Read morePublished on September 29, 2011 by Kelzie
This book was improperly named. It should be called "How I Survived on a Teacher's Salary". There are few applicable suggestions and many reports of how the author and his spouse... Read morePublished on June 3, 2011 by bwillhite13
In my area of the country teachers are paid a lot more than the average person makes in the private sectors. Read morePublished on May 8, 2011 by Brent M. Conley
How to Survive (and Perhaps Thrive) on a Teacher's Salary by Danny Kofke, has lots of suggestions. I was pleasantly surprised at the number of truly useful and creative strategies... Read morePublished on October 8, 2010 by C.J. GOOD (wellness practitioner)