Wealth preservation refers to strategies and practices aimed at protecting and maintaining the value of one's assets over time. This can involve investing in stable assets like real estate or gold, which tend to hold their value even during economic downturns. The goal is to ensure that wealth is not only safeguarded but also able to grow, allowing individuals to achieve their financial goals. Another important aspect of wealth preservation is effective financial planning, which includes diversification of investments and minimizing risks. By spreading investments across different sectors, such as stocks, bonds, and mutual funds, individuals can reduce the impact of market fluctuations on their overall wealth.