Common sense approaches to wealth building for every American at every income level

Posted on February 8, 2011 by Bill Faiferlick

A couple of weeks ago, Danny Kofke author of “How to Survive and Perhaps Thrive on a Teacher’s Salary”. talked about how he and his wife have accumulated substantial wealth for a family of four on a $40,000 a year teacher’s salary. Every American at every income level can achieve what Danny and his wife have. My friend and fellow host, Ray Ellis, a retired Cleveland Browns football player, has been an advocate for years on financial literacy and his passion is for professional athletes who from their teenage years pursue their athletic prowess and for some become extremely successful financially for a very brief window in their lives and often face bankruptcy shortly after their professional careers end. Danny Kofke’s smart, common sense solutions apply regardless of income level or the number of zero’s in someone’s family income. People across America are facing the same issues. It’s a matter of adding or subtracting zero’s.

Danny Kofke, Teacher, Author and Financial Educator, US

Danny Kofke has been a teacher for ten years and is currently a special education teacher in Georgia. He has taught kindergarten and first grade. Danny’s love of teaching and finances led him to write the book “How To Survive (and perhaps thrive) On A Teacher’s Salary.” Danny’s passion keeps him in the classroom but smart savings and basic understanding of financial principles have kept his wife (willingly!) at home with their children. Danny has been been featured in USA Today, The Atlanta Journal Constitution,,, USA Weekend,, PARADE, Instructor Magazine, CBS,, The Wall Street Journal,, Yahoo Finance, Woman’s Day, Consumer’s Digest, Bottom Line Personal, Your Family Today and The Huffington Post. He has been interviewed on radio and numerous television shows including Fox & Friends, CNN’s Newsroom, The 700 Club, ABC News Now, FOX Business Channel’s Varney & Company, HLN’s The Clark Howard Show and MSNBC Live.

Ray Ellis, Talk Show Host, Phoenix, US

Ray Ellis, raised in Canton, Ohio has been a Browns’ fan all his life – which makes sense that he would have a successful career as a Browns Strong Safety. Ellis, a four-year letterman at Ohio State, won All-Big 10 honors with five interceptions as a senior defensive co-captain. He went on to play for the Philadelphia Eagles in 1981 and in 1986 joined the Cleveland Browns. Ellis’ career stats include: 427 tackles, 14 interceptions, nine fumbles caused, six recovered fumbles, three quarterback sacks and three blocked punts. Since leaving the Browns, Ellis has been active in both business and community, most recently as Chief Operating Officer for People for People, a non-profit corporation in Philadelphia whose mission is to educate underprivileged youth and young adults. Ellis has also been active with the Big Brothers/Big Sisters, Special Olympics, United Way, United Negro Fund and the National Center for Missing Children. Ellis now resides in Phoenix, AZ with his wife, Darice.