{"id":2727,"date":"2017-12-11T03:13:48","date_gmt":"2017-12-11T07:13:48","guid":{"rendered":"https:\/\/marriagekidsandmoney.com\/?p=2727"},"modified":"2023-03-27T17:18:06","modified_gmt":"2023-03-27T21:18:06","slug":"the-529-account-your-kids-ticket-to-student-debt-freedom","status":"publish","type":"podcast","link":"https:\/\/marriagekidsandmoney.com\/podcast\/the-529-account-your-kids-ticket-to-student-debt-freedom\/","title":{"rendered":"529 Account – Your Kid’s Ticket to Student Debt Freedom – with Abby Chao"},"content":{"rendered":"\n

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 <\/span>529 account<\/strong><\/span>.  <\/span><\/p>\n\n\n\n

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.<\/span><\/p>\n\n\n\n

Evidently, 70% of families in the US are not aware of the incredible benefits of the 529. We\u2019re going to help with that today. <\/span><\/p>\n\n\n\n

About Our Guest:  Abby Chao<\/h2>\n\n\n\n

<\/p>\n\n\n\n

Abby Chao is a mission-driven strategist passionate about helping families save through CollegeBacker.<\/p>\n\n\n\n

\"Abby\r\n
CollegeBacker Co-Founder, Abby Chao<\/figcaption>\r\n<\/figure>\n\n\n\n

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.<\/p>\n\n\n\n

What are we covering today?<\/h2>\n\n\n\n

Abby and I discuss:<\/p>\n\n\n\n

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  • The details of 529 college savings accounts<\/li>\n\n\n\n
  • How people can combat the student loan crisis in our country<\/li>\n\n\n\n
  • What CollegeBacker is doing to support families with the future costs of college<\/li>\n<\/ul>\n\n\n\n

    If you love your kiddos and want to give them a chance at student debt freedom, you will not want to miss today\u2019s show.<\/span><\/p>\n\n\n\n

    CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNES<\/a>, GOOGLE PLAY<\/a> OR STITCHER<\/a>.<\/h4>\n\n\n\n
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    Money Master of the Week<\/h2>\n\n\n\n

    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.<\/p>\n\n\n\n

    If he continues similar deposits for his kids throughout their college years, they will both easily become millionaires<\/strong> by retirement age.<\/p>\n\n\n\n

    How's that for a Christmas present?!<\/p>\n\n\n\n

    \"Rocky\r\n
    Rocky Lalvani, Richer Soul<\/figcaption>\r\n<\/figure>\n\n\n\n

    Rocky is the Money Master of the Week<\/em>!<\/strong><\/p>\n\n\n\n

    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.<\/p>\n\n\n\n

    Connect with Rocky and follow his journey to a richer life at Richer Soul<\/a>.<\/p>\n\n\n\n

    If you have a financial victory you want to share on this show, please contact me<\/a> with the details. Your story will inspire others to save more, make more and plan for their family\u2019s future.<\/em><\/p>\n\n\n\n

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    Show Resources<\/h2>\n\n\n\n

    (The resources below may provide me a commission that will support the management of this site and podcast \u2013 thanks!)<\/em><\/p>\n\n\n\n

    Collegebacker\u2019S RESOURCES<\/h4>\n\n\n\n

    CollegeBacker $25 Match<\/a> – Your first $25 deposit will be matched by CollegeBacker. Let's get saving today!<\/p>\n\n\n\n

    Abby's Recommended Book<\/strong>:  Rich Dad, Poor Dad<\/a> by Robert Kiyosaki<\/p>\n\n\n\n