Paul and Vivian are both 38 and have been married for 10 years. They have two kids, aged 5 and 8.

Paul was promoted earlier this year as Director of Marketing for a renowned financial institution in

Hong Kong. His salary is $100,000 a month plus substantial bonus opportunities and equity share of

the firm. He plans to pursue further education and the MBA degree is his first preference. Vivian

graduated from the Royal Music Institute and she is now a full-time mom. She wants to teach music in

future when the kids are older. They are devoted to their family and live well within their means. As a

family they enjoy hiking in the mountains and traveling to different places in the Asia Pacific region.

Vivian likes e-shopping and charges all purchases on her credit card. She makes the minimum payment

every month. They have a mortgage on their flat and the outstanding loan is expected to be paid off

within the next 5 years.

Highlight THREE important concerns from the facts given above. In relation to each concern, discuss the major issue(s) faced by Paul and Vivian and recommend action item(s) to help them tackle the issues identified. Exercise your best judgment and apply your knowledge about the contemporary social-economic environment in giving your qualitative advice.