Mr. Hung, aged 32, engaged. He is a merchandising team head of a trading company at a monthly salary of $25,000. He is living with parents and is planning to rent an apartment after getting married.

(i) Identify the stage of life cycle of Mr. Hung. Address two financial concerns in this stage.

(ii) State the criteria for setting the financial goal. Briefly explain.

(iii)Try to set one short-term financial goal and one long-term financial goal for Mr. Hung.