You work as a Financial Planning Adviser and have been asked to assist with two new clients. You have received background information on each client (see below). Client Name Age Status Dependents Occupation Net Income (after super and after tax) Expenses (living and financial) Major assets Major liabilities Major financial goals Ingrid 30 Single, owner of apartment Nil Helicopter Pilot AUD225,000 pa from salary AUD165,000 pa including the bank loan Cash at bank AUD10,000 Share portfolio AUD100,000 Superannuation AUD80,000 Apartment AUD0.7 million Bank loan for the apartment AUD350,000 (interest only loan) Purchase a second apartment as an investment within two years (price approx AUD0.8 million) with 20% cash and 80% bank loan Clare and Alan 52 and 51 Married, joint owners of house Two children (age 12 and 14) Manager of hospitality business (Clare) and High School teacher (Alan) AUD145,000 pa (Clare) and AUD115,000 pa (Alan) from salary AUD175,000 pa including the bank loan Cash at bank AUD25,000 Superannuation AUD650,000 House AUD1.1 million Bank loan for the house AUD525,000 (interest only loan) Operate a conservative budget until the children complete high school