Lessons in se­cu­rity borne from tragedy

Mt Druitt - St Mary's Standard (East) - - TRADES & SERVICES - Janita Singh

A CA­REER in fi­nance is not al­ways about money.

In the case of Lisa Bar­ber, it was about sur­vival af­ter her fa­ther sud­denly died in 1989, aged 49, with no will or in­sur­ance to sup­port the fam­ily.

She was 13 then and saw her fam­ily suf­fer fi­nan­cial dev­as­ta­tion.

This had a pro­found im­pact on Bar­ber who says she had to “grow up re­ally quickly” to take care of her fam­ily’s fi­nan­cial wellbeing.

This prompted her to take the first steps to build­ing a ca­reer span­ning al­most two decades in the fi­nan­cial ser­vices in­dus­try as a wealth ad­viser, coach, busi­ness­woman, speaker and au­thor.

Bar­ber says her strug­gles made her un­der­stand the true value of the dol­lar and how women par­tic­u­larly need to think about their fi­nan­cial and fu­ture.

But Bar­ber, who was named Money Man­age­ment’s Fe­male Ad­viser of the Year 2014, is quick to point out that her “ca­reer by chance in fi­nance” is not for ev­ery­one.

“Fi­nance is like all pro­fes­sions – you get what you put into it. I wouldn’t rec­om­mend it as a ca­reer if you’re just look­ing to make money,’’ she says.

“Aca­dem­i­cally, to get started, a min­i­mum of a di­ploma in fi­nan­cial ser­vices is re­quired but this is a ca­reer which re­quires lots more … com­mit­ment with many long and busy days and nights in­volved.’’

Bar­ber is also the di­rec­tor of Hill­ross – As­pire Wealth, in Syd­ney, and co-founder of Fe­males In­spir­ing Fe­males Inc.

She re­cently re­leased her first book, A Woman’s Guide To Wealth: What My Mother Needed To Know. se­cu­rity

“The book is ded­i­cated to my mum … my fa­ther was the pri­mary in­come earner and we were left fi­nan­cially des­ti­tute af­ter his death,” she says. “I wrote the book be­cause I know that my dad would never have wanted that to hap­pen. My par­ents didn’t know nor took the time to con­sider the im­pli­ca­tions of the un­fore­seen.”

Bar­ber says one com­mon mis­take many women make is not planning for their fi­nan­cial fu­ture.

“Fi­nan­cial se­cu­rity is some­thing women seek more to­day,’’ Bar­ber says.

“They live by them­selves, more and more women are choos­ing not to marry.’’

A sig­nif­i­cant step to get­ting fi­nan­cial free­dom is to fig­ure out what it ac­tu­ally means to the in­di­vid­ual per­son, Bar­ber says.

“Money is only the en­abler to liv­ing the life you want,” she says. For de­tails go to: lis­abar­ber.com.au

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