He takes people through 7 Baby Steps:
1. Save $1000 cash as a starter emergency fund
2. Debt snowball
3. Finish emergency fund ($5000-10,000)
4. Invest 15 percent of your income in retirement
5. Save for college
6.Pay off your home mortgage
7. Build wealth
The part that we took away was on investing in retirement. He gave a really easy breakdown of how to easily invest for retirement:
"Invest 15 percent of before-tax gross income annually toward retirement...when calculating your 15 percent, don't include company matching...invest 25% in growth and income funds, 25% in growth funds, 25% in International funds, 25% Aggressive growth funds."
"Always start where you have a match. When your company will give you free money, take it...you should next fund Roth IRAs."
I also really loved that he says giving is the biggest reward! I totally agree. Tyler and I always find that we have more when we give more. His three purposes for building wealth are to have fun, invest and give.
If you haven't read this book yet GO READ IT! it is totally worth the couple of weeks waiting on the library hold list...even if you and your spouse don't have any money problems it is a great read.
Go check him out at daverasmey.com to get additional details!