Chain of Wealth

E21 – Abby Chao from CollegeBacker

Connect with Our Guest

Subscribe to Chain of Wealth

Join 40,515 Monthly Listeners

Subscribe to Chain of Wealth

Join 40,515 Monthly Listeners

Pro Tip: Timestamps below are clickable. Click on the time below in the brackets and the audio will start playing at that part of the show.

Need a financial checkout? Head on over to and let’s help you manage your money better! Only $75 for 30 minutes deep dive!

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


[13:2] Chain of Wealth – Chain of Wealth is now active on Pinterest!

Click on this link to check out our Pinterest page.

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?

• (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

Enjoying Our Podcast?

We have over 150 episodes to listen to! Join over 2,167 daily listeners that pursue financial freedom.

By entering your email, you agree to our Terms of Service and Privacy Policy.

Other Podcasts

E154 – Student Loan is Gone!

Today’s episode is a bit different because we have a special occasion to celebrate today. Katie’s student loan has been paid off! Yes, you heard it right! Listen about her journey and on what she’s really been trying to achieve.


Listen »


Travis Hornsby is the chief student loan planner at He started started Student Loan Planner in October 2016 after helping his wife and her friends figure out their six figure student loans. Travis used to be a bond trader, so he took his excel heavy skill set and built models for how to save money paying back student debt.

Listen »
About the Podcast
Chain of Wealth

Chain of Wealth

The Chain of Wealth podcast is a biweekly podcast boasting over 500,000 downloads. We interview inspirational guests about money topics. You can learn more about us here.

Share On

Leave a Reply

Your email address will not be published. Required fields are marked *