Should a fresh graduate with zero savings (assuming savings used to pay for Uni) embark on this 4M65 journey starting from his first salary?

To a fresh graduate or a first jobber, before you embark on 1M65, you need to look at your financial plan holistically. I will always advise everybody to

1. Make sure you are covered adequately with term insurance; never buy whole life insurance.

2. Cater enough money for a stormy day, I will suggest an amount enough to cover 6-9 months of living expenses including your housing mortgage.

3. Make sure you cater enough money for your BTO down payment, at least in your CPF or in cash.

The rest is up to you. If I were in your position, I would start topping up my SA to form a very strong financial safety net, leading to the 1M65 goal.

Hey there!

Well done for starting on your first salary! I think its perfectly fine! For a lot of people, especially people starting to invest, an RSP into an ETF or ILP DCA helps them to start a systemic, disciplined form of investing.

Do make sure your insurance coverage is settled first and emergency fund set aside before you embark on your investing journey.
Financial planning is an integral part of life. You can reach me here to find out more.