Need advice with financial future

[Lance W.]

Here is my situation. Me and my wife are 27 living in western,ky.We are about to sell our house in the near future to a relative. We will have right at $40,000 after the sale. We have not made very good financial choices over our short marriage. We want to change that. Our finances currently look like this high interest credit card debt -$10,000 student loans - around $15,000 vehicles - around $25,000 (700 mo.) current mortgage- $100,000 (750 mo.) Salary combined - around $90,000 yr. I am wanting to do something along the lines of the book "set for life" What I would like to do is pay off all bad debt, maybe student loans also. Use remaining balance to pit down on a duplex which we would love in 1 unit and rent the other. Save up and continue investing in multifamily homes. Does this sound ideal ? We are having our first child soon and I feel like we are getting a fresh start. I want to make this jump start the rest of our lives financially. thanks for any and all input !