Yes. The things that you listed are very important for financial planning. Also, please refer to the following link http://blog.bankbazaar.com/7-ways-to-make-the-best-use-of-a-dual-income/ . This article has all the information on one’s personal goals and suggestions from Financial Experts that provides you time line to achieve these financial goals.
Please feel free to post any additional queries/ clarification.
Your suggestion is a good representation of how to start investing. With the right investment portfolio, you could have a one-stop solution to build wealth beyond your regular income. It could speed up your journey to attain your financial goals. Here is a guide to creating an investment portfolio. https://blog.bankbazaar.com/the-beginners-guide-to-creating-an-investment-portfolio/