116: How to Fund College Without Breaking the Bank with Tom Suvansri

Tom Suvansri holds an MBA in finance from Penn State University, and after working in the pharmaceutical industry for 15 years, he founded Premier Trust Advisors. Tom teaches his clients how banks, insurance firms, and brokerage houses make money and how to use those same strategies to build personal wealth with less risk. His work is informed by his life experiences, in particular watching his parents, who lacked financial literacy, lose control of the wealth they worked so hard to build. This very personal motivation drives Tom to serve the families, professionals, and business owners he works with to help them establish control, freedom, and certainty over their finances. In this episode, he will share how to fund college without breaking the bank.

Tom graduated from Pennsylvania State University with an MBA in Finance after earning his BS in Biology from The College of New Jersey. Prior to starting Premier Trust Advisors, Tom spent over fifteen years within the pharmaceuticals industry in various roles spanning corporate/commercial finance, marketing operations, and compliance.

Born in Lower Merion, PA, and raised in Cherry Hill, NJ, Tom currently resides in Stamford, CT, with his wife, Bridget, and their two boys, Aidan and Colin. In his free time, Tom loves to read, exercise, play an occasional round of golf, and just enjoy family time.

(00:01-4:20) Opening Segment

– Introduction of the host into the show
– Alpesh introduces the guest of the show, Tom Suvansri
– Tom also shared something interesting about himself

(4:21-27:31) Real Estate Investing Journey and How to Fund College Without Breaking the Bank

– Tom how he started investing in real estate
– How families/investors can invest/finance things in their life such as education?
– “Leverage resources to the benefit to build wealth”
– “Allow your assets to grow and leverage them to use someone else’s money to potentially finance things in your life.”
– The approach people need to take in growing their assets
– Current average cost of universities and colleges tuition fees and Tom’s prediction about them after 10 years
– COVID19’s effects on the education system
– The biggest cost that may go undetected by most people and advisors
– The typical ways families are advised to save for college
– Pros and cons of the typical ways in funding college
– Alternative ways to save money or fund college
– Common misunderstanding about obtaining financial aids

(27:32-27:50) Break
(27:51-28:05) Second Segment

– Welcoming listeners and guest back to the show

(28:06-35:27) Fire Round

– Will Tom change the business strategy after Coronavirus?
– Tom’s favorite real estate, finance, or other related books
– Tool or website Tom recommends
– Tom’s advice to beginner investors
– How does Tom give back?
– How can Wealth Matters Podcast listeners reach out to Tom?

(35:28-35:51) Closing Segment

Reach out to Tom by visiting https://premiertrustadvisors.com/ and his YouTube account, Thomas Suvansri.