In the first DVD, Dave had some interesting things that he brought out.
First and foremost he tried to squash the question that many ask:
Q: Am I to old to start saving?
A: Not if you are still sucking air!
Of course the younger you are, the better off you will be, but start where you are. After all you can't go back and do it over.
He also address what he called Baby steps. Each step, which I will list in a few sentances, will help guide you to your financial freedom. Baby Step one (1) was his primary focus in this particular DVD. I will discuss that more, when I list out the "baby steps."
Like John Cummuta, he also encourages you to pay cash for everything. DO NOT get caught up with the 90 days same as cash scams. Do NOT think that you are going to beat them. What will end up happening is something will come up, you will be on vacation and you will forget and then they will backdate all that interest at 24%. A better way is to save $211/month and in 18 months you will have $3800. According to Dave, that will get you that $4000 dinning room set. Just walk in to the furniture place and pull out some $100 bills, and as you are counting them, say "I want a deal." They will get you a deal. Point is 90 days is not the same as cash.
And now for those "baby steps"
1) $1000 in Savings - unexpected events WILL happen and you need to be able to address them with cash when they do. This is your Emergency Funds, and is not to be touche for anything else. One person that Dave talked about called this fund her GOK Fund. What's GOK? "God Only Knows."
2) Pay Off Debt
3) Debt Free/3-6 months of expenses in bank
4) invest 15% into 401-k or Roth
5) College Savings (529 accounts)
6) Pay off home early
7) invest into mutual funds/real estate