The first joint venture between Get in Charge and the Gibbs Perspective
! Veteran business correspondent Karen Gibbs answers your questions about personal finance in this new bi-weekly advice column. Karen is the financial expert in YOUR corner--no question is too basic or too small. Every two weeks, weíll feature Karenís solutions to one of your money problems. Send your money questions and your comments to AskKaren@mpt.org
"These are difficult times, but you are not alone. You have a wealth of resources available to you. In keeping with MPT's mission to engage, enlighten and entertain, I want to start the financial fitness conversation. If I donít have the answer to your question, Iíll find the expert who does and share it with you.
I hope that you will ask questions of general interest regarding personal finance, saving and investing. It doesnít matter if youíre just starting your career or youíre enjoying a well-deserved retirement, we can all use some help. It is our effort to educate and empower you to create a financially fit life." ĖKaren Gibbs
Royalty Payment Revenues
Karen, I recently received a newsletter request to purchase information
relative to Royalty Payment Revenues that can be purchased on the NY
Stock Exchange and are better than stocks as they pay
“revenues/royalties” no matter what the stock is doing. The newsletter
gave examples of people who are making thousands of dollars in these
investments. Some are gold bullion, oil, and silver. Are these good
investments and how does one go about purchasing these royalties?
-Carole, Owings Mills
Alternatives to Education Savings Accounts
My last column addressed 529 plans and Coverdell Education Savings
Accounts (ESA). But what happens if your child decides not to attend
College Savings Options
Hi Karen, I have two young sons; ages seven and two, and I want to start
saving for their college education. What are my options?
-Thi, Owings Mills
Tackling Credit Card Debt
Hi Karen, I’m finally serious about tacking my credit card debt. I have
three accounts, totaling a little more than $10,000, with rates that
range from 7.9% to 20.9%. What’s my best strategy for paying off these
cards? -Lisa, Pikesville
CORRECTING CREDIT REPORT ERRORS
More alarming news out of Washington: A recent study conducted by the
Federal Trade Commission finds that 1 out of 5 people have errors on
their credit report. That’s a stunning 20% error rate that can cost you
time and money.
Paycheck to Paycheck
It's truly a financial jungle out there. A report out at the end of January, 2013 confirmed anecdotal evidence: most households are living paycheck to paycheck.
Buy a Home or Continue to Rent?
With mortgage rates at multi-year lows and an apparent recovery in the housing market, should I buy a home or continue renting?
-Maurice from Baltimore
Missed Credit Card Payment
Hi Karen, I missed my credit card payment by one day and was charged a late fee. Will that affect my credit score?
- Brenda from Baltimore
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Karen Gibbs Bio
Veteran Business Television Anchor and Correspondent, Karen Gibbs
is President and Founder of The Gibbs Perspective
, a company concerned with and dedicated to financial literacy and investor education. A noted speaker and moderator, Gibbs is now a host for The MoneyShow.com Video Network
. Most recently Gibbs was a contributor to Retirement Living Televisionís The Prudent Advisor and Daily Cafe. Before that, Gibbs was co-anchor of the weekly PBS business program, Wall $treet Week with FORTUNE from 2002 to 2005.
Prior to joining Wall $treet Week with FORTUNE, Gibbs spent five years as a senior business correspondent for FOX News Channel, contributing to and serving as substitute anchor on Your World with Neil Cavuto and Cavuto on Business where she was also a regular panelist. From 1992 to 1997, she was an anchor at CNBC, where she specialized in the credit and futures markets, and hosted such programs as Money Wheel and Minding Your Business.
Prior to joining CNBC, Gibbs spent nearly ten years at Dean Witter Reynolds, Inc., where she was a Vice President and Senior Futures Strategist. She began her career at the Chicago Board of Trade as a board marker and left as a member of the Office of Investigations and Audits. She received an MBA in finance and marketing from the University of Chicago.
Gibbs currently resides in Maryland.