Abby Chao is the Co-Founder of CollegeBacker. She and her company are on a mission to make saving for college easy with the magical 529 account.
Abby and I met a dinner in Dallas in October. Her enthusiasm for combating the $1.4 trillion student loan crisis in our country was inspiring. I had to bring her on the show so you all could be inspired too.
Evidently, 70% of families in the US are not aware of the incredible benefits of the 529. We’re going to help with that today.
About Our Guest: Abby Chao
Abby Chao is a mission-driven strategist passionate about helping families save through CollegeBacker.
At McKinsey, she was a Social Sector Fellow in education, in addition to serving financial services & technology clients on marketing & sales. Prior to that, she covered technology, media & telecom at Goldman Sachs, and she also studied business and web technologies at USC.
What are we covering today?
Abby and I discuss:
- The details of 529 college savings accounts
- How people can combat the student loan crisis in our country
- What CollegeBacker is doing to support families with the future costs of college
If you love your kiddos and want to give them a chance at student debt freedom, you will not want to miss today’s show.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNES, GOOGLE PLAY OR STITCHER.
Money Master of the Week
Congratulations to Rocky Lalvani for setting up his two children up Roth IRAs this year. His two children, now 15 and 17, already have thousands of dollars saved up.
If he continues similar deposits for his kids throughout their college years, they will both easily become millionaires by retirement age.
How's that for a Christmas present?!
Rocky is the Money Master of the Week!
Outside of helping his children become completely financially set for their future, Rocky works as a financial coach and a tax planning agent. His love for business and finance has allowed him to become a millionaire in his 40's.
Connect with Rocky and follow his journey to a richer life at Richer Soul.
If you have a financial victory you want to share on this show, please contact me with the details. Your story will inspire others to save more, make more and plan for their family’s future.
(The resources below may provide me a commission that will support the management of this site and podcast – thanks!)
CollegeBacker $25 Match – Your first $25 deposit will be matched by CollegeBacker. Let's get saving today!
Abby's Recommended Book: Rich Dad, Poor Dad by Robert Kiyosaki
Join the MKM Community for January's Young Family Wealth Playbook
Why I Don't Give My Kids an Allowance
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I truly appreciate the support everyone!
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If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.
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