Lessons in security borne from tragedy
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