Starting New Family Soon - Critique Financial Strategy

I'll be getting married soon, and I'll be the one developing and implementing our financial strategy. I've come up with a plan, but would like constructive input from others. Here goes.

I currently believe that regardless of our overall financial goals, the following things need to happen in this order along our journey:


1. establish a "safety" fund - something that could last 3-6 months if neither me nor my future were working. All savings/extra money would go here until fulfilled

2. work on maxing out annual roth ira contributions as long as we're allowed

3. once we have our fund and maxed our roth, start working towards maxing 401K

4. Once 401K is maxed, the rest is for aggressive investing/purchasing of additional assets that generate income. (speculative investments are made with my discretionary/play money)


I feel like saving for things like our first home or a 529 (if we end up having kids earlier than expected) would happen concurrently with steps 3 and 4 or maybe 2 if we drag arse with our safety net.

One issue I have is maybe we should be pursuing other revenue streams prior to maxing 401K or maybe even before roth too, e.g. buying properties to rent, etc.. However, I'm also under the impression that it's not good practice to purchase your first home with the intention to rent it.

What does the money board think? I never got any sort of advice growing up, and I know that my family wasn't the best with money. I'm trying to be better than that and hope to pass on good habits to my kids. Thanks!