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!
[4:34] What is your favorite childhood memory?
• Hit tennis balls with pro players
[5:12] What is the biggest money mistake you have made?
• A Lot of little ones
[6:4] Where did the idea for CollegeBacker come from?
• Friends and family were stressed about saving for kids’ college
[7:22] Did you create the company alone or did you have partners?
• Jordan had already created it
• Thought it was a great idea
[11:14] 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
[12:43] How did you get funding to start CollegeBacker?
• Venture capital investors
[12:43] 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
Sponsor
[13:2] Chain of Wealth – Chain of Wealth is now active on Pinterest!
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Value Link Round
[14:26] Why do you think people struggle to achieve their dreams?
• Coming up with a plan
[15:13] 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
[16:5] Where can our listeners find you?
• Collegebacker.com (Get free $25 and sign up here!)
• Facebook-collegebacker
• Twitter- collegebacker
[17:0] Any last advice?
• Give money for Christmas and birthdays to help save for college
