India, Dec. 12 -- For years, personal finance conversations in India have focused on long-term wealth building. But the truth is simple: long-term investing only works when your short-term finances are secure. Without a stable base, even well-planned long-term investments can be disrupted by emergencies or unexpected expenses.

Across Indian cities, many young investors enthusiastically start SIPs or invest in equities but skipping the first essential step-short-term financial planning. This leads to real problems later, such as breaking SIPs, withdrawing investments early, or taking high-interest loans to meet goal-based needs for next one to five years.

Short-term planning is where corporate bonds have emerged as one of the smart and d...