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The His and Her Money Show

How To Build Wealth Without a Six Figure Salary with Danny Kofke

The His and Her Money Show

Talaat and Tai McNeely

Business, Investing

4.81.3K Ratings

🗓️ 27 August 2018

⏱️ 38 minutes

🧾️ Download transcript

Summary

On today's episode of The His & Her Money Show, we've got Danny Kofke in the house to talk about how to build wealth without a six-figure salary. Danny currently teaches special education and his wife Tracy is a teacher part-time.

For eight years, they lived on Danny's single school teacher salary while Tracy raised their two daughters, and by doing so, they kick-started their journey to financial freedom. How? Keep listening and find out!

WHAT YOU WILL LEARN IN THIS EPISODE

  • How To Build Wealth Without a Six-Figure Salary
  • Overcoming discontentment
  • The importance of setting your goals
  • Instant vs. delayed gratification
  • Avoiding "perfect life" distractions in the media

RESOURCES

Transcript

Click on a timestamp to play from that location

0:00.0

This is the His and Her Money Show, where we talk about managing money, marriage, and everything in between.

0:08.0

Now here are your hosts. America's number one money couple, Tallit and Time McNeely.

0:15.0

Welcome back to an all new edition of the His and Her Money Show with America's Number

0:19.5

One Money Couple, Tallit and Time McNeely, where we are helping you to manage your money, your

0:24.2

marriage and everything in between. We are grateful to have you here with us for

0:29.9

another fantastic edition of the show, a show that I think you will gain a lot of insight

0:34.6

and wisdom from and you will be able to apply it to your life.

0:38.1

It is a very, very real thing to achieve wealth no matter what your current level of income is. I think a lot of times we get caught up in the thought that the only way that I can build wealth is if I made a boatload of money and if I don't make a boat load of money then there is no way for me to

0:54.6

build wealth so I'll just continue to go through the motions and go along with the

0:58.4

flow well today's guess is here to debunk such thinking we We're going to be talking with Danny Coffey. He's the

1:05.5

author of the brand new book, The Wealthy Teacher, and he outlines in that book and he details

1:11.4

today on the show things that he's done in his life that has allowed

1:15.6

him and his family to build wealth despite the fact that he doesn't have this massive salary.

1:20.8

He is in fact a teacher and he and his wife live on that single income and he and his wife have built wealth and guess what?

1:28.0

He wanted to come on so that you can know that you can do it too. So let's not delay any further. Let's get Danny on so we can hear all of

1:36.0

his great insight and his journey to wealth building. Hey Danny, welcome to the His and Her Money Show.

1:47.0

Hello Danny.

1:50.0

Hey, good evening.

1:52.0

Thanks so much for having me on. We are glad to have you on because you have some great advice that's going to help a lot of people and when we came across your new book we knew that you definitely had something to say and we wanted you to be able to share it with our audience today but before we get into your advice can you just take a moment and introduce yourself to everyone and let them know what you're all

2:13.7

about. All right, yeah, so my name is Danny Kofky and the author of the recently released book

2:19.2

The Wealthy Teacher Lessons for Prospering on a school teacher's salary and as you can tell from the title probably

2:25.7

that I am a school teacher so I just completed my 15th year of teaching so this is a great time of

...

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