Abby Chao on saving for college

Original Show Notes: Saving for College

 

Abby Chao is Co-Founder & COO of CollegeBacker, a simple and social way to save for college.

In just 5 minutes, a parent can open a tax-advantaged 529 College Savings Plan, determine a personalized savings plan for their child, and invite family and friends to contribute.

Plus, with CollegeBacker Gifts, anyone can kick start a child’s college fund by sending a redeemable gift.

Special Gift: Sign up here and get FREE $25!

Welcome, Abby! 

[4:5] What is your favorite childhood memory?

• Hit tennis balls with pro players

[4:43] What is the biggest money mistake you have made?

• A Lot of little ones 

[5:35] Where did the idea for CollegeBacker come from?

• Friends and family were stressed about saving for kids’ college

[6:53] Did you create the company alone or did you have partners?

• Jordan had already created it
• Thought it was a great idea 

[10:45] If you could go back and know something in the beginning, what would it be?

• Getting started and learning as you go
• Enjoy the process

[11:45] How did you get funding to start CollegeBacker?

• Venture capital investors

[12:14] Tell us a little bit more and how much does this program cost?

• Voluntary monthly subscription fee
• $0-$10/ month
• Can pause or change amount at any time

Sponsors

[12:33] Chain of Wealth – Chain of Wealth is now active on Pinterest!

Click on this link to check out our Pinterest page.

Value Link Round (VLR)

[13:57] Why do you think people struggle to achieve their dreams?

• Coming up with a plan

[14:44] Do you have any books or podcasts you recommend?

• Books: Man Search for Meaning & Zen and the art of motorcycle maintenance  
• Podcasts: How I build this

[15:36] Where can our listeners find you?

• Collegebacker.com (Get free $25 and sign up here!)
• Facebook-collegebacker
• Twitter- collegebacker  

[16:31] Any last advice?

• Give money for Christmas and birthdays to help save for college