If you are new around here, every week we share some of the best tips and resources we saw in the past 7 days.We scroll, so you don’t have to.Let’s get into it.#1.17-Year-Old’s Amazon Success Story: From Homework to HustlingBella‘s journey from backyard tinkerer to CEO embodies the entrepreneur’s creed: find a mess, clean it up, and cash in.Read the full story at cnbc.

#2.There is a 55.8% chance of a U.S. recession sometime in the next 12 months.The best thing to do in this economy is DCA.

DCA, DCA is what everyone was telling me to do when the market crashed.When they explained I was like ooohh.Dollar Cost Average.Here is how it works.You’ve got $12,000 to play with in the stock/crypto market.Instead of going all-in at once, you invest $1,000 every… x.com/i/web/status/1…

— Cashflow Chronicles (@cashflow_ch)1:13 PM • Aug 7, 2024

Other things you can do to preparing for an economic downturns

Debt Management: Pay down debt to improve financial stability.Expense Reduction: Cut monthly expenses to increase savings.Investing in Stability: Allocate investments to stable assets like bonds or blue-chip stocks to withstand market fluctuations.save 6 months emergency fundsRemember that 80% of the things we worry about never happens.

#3.Healthy or not?Imagine if your daily paycheck was measured in your eating habits instead of dollars…🥕 1 carrot = $5🍅 1 tomato = $20🥒 1 cucumber = $0.50🍓 1 strawberry = $20🥗 1 salad = $10🍗 1 piece of chicken = $50🥩 1 piece of beef = $10How much would you make a day? Would you have a small snack or a full veggie feast?

Ps: If you did a dollar cost average this Monday, your assets would be up by 25% as of today.

That’s it for this week. Have a great Friday and see you next week!  – The Cashflow Team