New Delhi, Aug. 6 -- Many Gen Z face the dilemma of how to split their salary between a SIP and an emergency fund. Anand Rathi Wealth Limited's joint CEO, Feroze Azeez, offers a solution, stressing that building a strong financial foundation must precede wealth creation. He explains how making informed choices with the first paycheck and making timely investments with subsequent paychecks can pay off in the long run.

Feroze Azeez recommends the following strategy:

Beyond investment strategies, discipline is the key to building long-term wealth. Adequate health and term insurance are also essential to safeguard against adversity.

Published by HT Digital Content Services with permission from MINT....