Episode 067: Saving for Kids College Should Be This Easy – with Abby Chao

Updated Jan 29, 2020 | Chris Petrie

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My Guest on the Show…

Saving for kids college can seem impossible when you’re living paycheck-to-paycheck, trying to pay off debt, thinking about planning for retirement, and wondering how you’re going to make it until next payday.

Abby Chao saw these pain points we all face and decided to do something about it. She is the co-founder of CollegeBacker.com, a very unique platform helping you save for your kids college without having to save every dollar on your own.

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The Money Peach Podcast is brought to you by my #1 online program for showing you how to budget, how much to save, how to manage your debt payoff, when to save for retirement, what to teach your kids about money, and how to build a legacy to last beyond your lifetime.

If you find yourself continuing to live paycheck-to-paycheck and wondering where all the money went at the end of the month, it’s time to finally make a positive change. Welcome to the class they forgot to teach you about money – Awesome Money Course.

Mentioned in this Episode


Awesome Money Course

College Backer 529

 

Show Notes


Who is Abby? [2:01]

How Abby paid for college and what is College Backer? [4:21]

The astonishing student loan debt statistics [6:30]

What is a 529 plan? [8:04]

How to make withdrawals from a 529 [19:33]

What would life feel like if you no longer had to worry about money? [23:18]


Chris Peach Author 150x150

Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.

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