As defined by Mark Trewitt, in the business world, pursuing wealth isn't just about making money—it's also about preserving it. Business professionals understand that building wealth is only half the battle; the other half is safeguarding it against potential risks and uncertainties. With economic fluctuations, market volatility, and unforeseen challenges, solid wealth preservation strategies are crucial for long-term financial success. Here are the top six strategies every business professional should know:

1. Diversification: One of the oldest adages in investing is "Don't put all your eggs in one basket." Diversification involves spreading your investments across different asset classes, industries, and geographic regions. By diversifying your portfolio, you can reduce the impact of market downturns on your overall wealth.

2. Asset Protection: Protecting your assets from potential creditors, lawsuits, or other liabilities is essential for wealth preservation. This can be achieved through various legal structures such as trusts, limited liability companies (LLCs), or asset protection trusts. Working with legal and financial advisors can help you develop a customized asset protection plan suited to your needs.

3. Tax Planning: Taxes can erode your wealth if not managed effectively. Implementing tax planning strategies such as maximizing retirement contributions, taking advantage of tax-deferred accounts, and utilizing tax-efficient investment vehicles can help minimize your tax burden and preserve wealth.

4. Insurance: Insurance is a fundamental tool for mitigating risks and protecting your wealth against unforeseen events such as accidents, illnesses, or natural disasters. Adequate coverage for health, life, disability, property, and liability insurance can provide a safety net and prevent financial devastation in times of crisis.

5. Estate Planning: A well-thought-out estate plan ensures that your wealth is transferred according to your wishes and minimizes estate taxes and probate costs. This may involve creating a will, establishing trusts, designating beneficiaries, and implementing strategies to maximize the value of your estate for future generations.

6. Continuous Learning and Adaptation: The financial landscape constantly evolves, and what works today may not work tomorrow. Business professionals must stay informed about regulation changes, market trends, and economic conditions. Continuously educating yourself and being willing to adapt your wealth preservation strategies accordingly is essential for long-term success.

Wealth preservation is as important as wealth accumulation for business professionals. By implementing these top six strategies—diversification, asset protection, tax planning, insurance, estate planning, and continuous learning—you can safeguard your wealth and ensure a secure financial future for yourself and your loved ones. Remember, it's not just about making money; it's about keeping it.