You, a financial planner, just completed your meeting with a client named John. John is 30 years old. He is single and has a job. You are helping John in evaluating his financial statements, and identifying goals. John has the following financial issues that he needs to deal with:

1. John doesn't have disability insurance coverage;
2. John doesn't have life insurance coverage;
3. John's monthly debt payments for his car loan and credit card loans are equal to 42% of his gross monthly income;
4. John is lack of emergency fund;
5. John doesn't have any retirement fund.

John is asking you to tell him which of these 5 issue needs to be addressed first, second, third, etc. You should also explain why you prioritize his issues in this way. Your priority ranking and reasoning should be based on course materials and sound logic.