In today's fast-paced financial world, the ability to create wealth is often seen as the pinnacle of success. However, the real challenge lies not only in creating wealth but also in preserving it for future generations. This is where the art of wealth preservation comes into play – an art that goes beyond mere numbers and spreadsheets.
Why wealth preservation matters
As we journey through life, accumulating wealth is often a sign of hard work, wise investments, and the realisation of our financial goals. But without a solid strategy for wealth preservation, all that effort can be at risk. If we aren't prepared, market volatility, economic downturns, and unexpected life events can erode even the most robust financial portfolios.
Preserving wealth is not just about maintaining what you have today – it's about ensuring that the legacy you leave behind is meaningful and enduring.
For many, this means supporting loved ones, funding philanthropic efforts, or ensuring future generations have the financial stability to pursue their dreams.
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Denne historien er fra October 30, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Scotland may be too brave
Scotland's 57-17 hiding handed to Fiji on Saturday has got all the fans up north excited about their team's prospects against the Springboks in Edinburgh this Sunday.
RECORD CHASERS
BUCS: HISTORY BECKONS IF THEY BEAT RICHARDS BAY
Jordan happier in No 10 jersey
Springbok utility back Jordan Hendrikse (below) is happy to fit in with the national team wherever he is needed, although he would prefer to feature in his main position at flyhalf.
Black Caps are 'taking on the world'
Mumbai - New Zealand batsman Daryl Mitchell hailed his side as \"a bunch of Kiwis taking on the world\" after their historic 3-0 Test series triumph in India.
Chawane hails early progress
Team captain Khanyisa Chawane (above) is pleased with the early progress shown by the Proteas netball squad under new leadership.
'Insane' Max is nudging closer
BRAZIL: ONE OF THE GREATEST WET WEATHER DRIVES
Amorim is turning to red-hot striker Gyokeres
Lisbon - Sporting Lisbon coach Ruben Amorim is relying on red-hot striker Viktor Gyokeres (right) to land a blow on future rivals Manchester City, in his final Champions League match at the helm today.
Barca keep on soaring higher
Barcelona - Dani Olmo (above) scored twice on his first start back from injury as Barcelona beat local rivals Espanyol 3-1 on Sunday to move nine points clear at the top of La Liga.
A 'beautiful challenge'
ALONSO: FORMER LIVERPOOL STAR RETURNS TO ANFIELD WITH LEVERKUSEN
Mngqithi shrugs off 'favourites' tag
Mamelodi Sundowns coach Manqoba Mngqithi (right) has dismissed his side's \"favourites\" tag after knocking Kaizer Chiefs out of the Carling Knockout on Saturday.
