The Clever Investor Property Podcast

Just like a football team adjusts its game plan throughout the season to achieve victory, it's essential to understand the importance of changing your personal financial goals over time.
Just as no two games are the same, the financial journey you embark on is influenced by many variables. In this article, we'll explore how your financial goals can be likened to a football team's game plan and why flexibility is the key to success.
Structuring and adjusting loans are crucial to any transaction, no matter who you are. Nathan Newham and Russell Quinlan are two such experts from Mortgage Choice in Hornsby and Sydney’s Northern Beaches.
We chat about the dangers of not having a game plan, how the young adult kids of home owners have the power to help them get on the pathway to making some great changes. Especially if you encounter setbacks or changes in your life, it's essential to set new goals and adjust your financial plan accordingly
These realities can affect your ability to meet your initial financial goals. By remaining flexible, setting new goals when necessary, and seeking guidance, you can tackle financial challenges head-on and ultimately reach your end game of financial security and success. Remember, it's not about how you start; it's about how you adapt, persevere, and finish strong.

Buy now or wait and save?
Lenders Mortgage Insurance (LMI) has been a big help in letting people who want to own a property get started with less money for a down payment.
It all began in 1965 when the government made a plan to give insurance for home loans that covered up to 95% of the home's cost. The idea was to make it easier for people, especially those buying their first home, to become homeowners.
Strachan Taylor knows everything you need to know about LMI and is in charge of partnerships at Helia, (formerly Genworth), Australia’s first Lenders Mortgage Insurance provider, a company that is dedicated to leading the way for years to come.
We asked Strachan to pop into The Clever Investor Podcast studio and tell us about the benefits of lenders mortgage insurance and how it can make a big difference for people who want to invest in property or buy their first home. You'll learn why LMI can be a useful tool for all types of property investors, not just the first homebuyers. LMI is there to help with the challenge of saving up a 20% down payment.
The Helia estimator provides some good insights into the deposit options that could suit your circumstances, click this link to have a play around. Deposit comparison estimator

Prepare to decode the enigma of superannuation with our latest podcast show, as we go Unravelling the the Mystery and find out the answer to the question, Is it Designed to Baffle?" In this episode, we're thrilled to welcome a special expert guest, Tyron Mitchell, founder of Orange & Bathurst Financial Planning. Tyron brings over two decades of financial wisdom to the microphone and he'll guide us through the labyrinth of questions. When is the right time to first see a Financial Advisor?? Together, we'll demystify complex terms, regulations, and strategies, helping you start to take control of your financial future. Tune in for invaluable insights, actionable advice, and the keys to unlock your superannuation's full potential. Hit the Subscribe button and get some clarity!
 
You can contact Tyron and his team:
Orange Financial Planningenquiries@orangefinancialplanning.com.au

Gen Z, refers to the generation of people born between 1997 to 2012. This means, the oldest Gen Zs would be 26 years old, and the youngest would be 11 years old. 
Dr Tony Hayek is back with us this week. As this podcast was being recorded the rest of the office was putting the finishing touches to an education event aimed at showing Gen-Z (and their family) all about how they can get into property.Educating and planting the seed for your long-term investment journey . Dr Tony and Owun talk about how you can help yourself in creating a plan and set goals to start your investment portfolio.
Help you create a plan to start your investment portfolio.
Show you that with the right education, investing is easier than you think.
Explain how you and other young Aussies are in a great spot to make some serious money through property.
 
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Before 1966, Australia used a currency system that might seem to be puzzling for us today. Instead of the dollars and cents we're familiar with now, they used pounds, shillings, and pence. This system had its roots in British traditions, but as times changed, it became clear that a switch to decimal currency was necessary for various practical reasons.
Imagine going to the store and trying to calculate the prices of things using pounds, shillings, and pence. It was like trying to solve a math puzzle every time you wanted to buy something! This made shopping and handling money confusing for everyone and I mean everyone, from everyday people on the streets to businesses and banks. This complex currency system had 12 pence in a shilling and 20 shillings in a pound, leading to lots of tricky calculations.
The world was evolving, and trade and finance were becoming more international.
On February 14, 1966, the new decimal currency was officially introduced in Australia. The switch wasn't always smooth – some people were used to the old ways and were hesitant about change…. (no pun intended). But over time, the benefits of the new system became clear.
It showed that sometimes, embracing change can lead to better outcomes for everyone.
 

You would have heard the word depreciation, but what does it mean?
It's a slow change in value that happens to things over time.
Depreciation affects both cars and property, but in different ways, especially in Australia.
 
When you buy a brand-new car and drive it out of the showroom, it's no longer considered "new". Cars lose value as they get older and are driven more.
This decline in value is called car depreciation. In Australia, cars can lose value quite quickly, often around 20% in the first year and then around 15% each year after that. So, a car that's worth $50,000 when you buy it might only be worth $40,000 or even less after just one year.
Now, think about property, regardless of if it’s a house or an apartment.
Unlike cars, residential property generally tends to appreciate in value over time. This means its value increases as the years go by.
Property values can be influenced by factors like location, housing demand, local demographics and sometimes improvements made to the property. However, it's important to remember that property values don't always go up, there are situations that can cause them to stagnant for long periods or they can fluctuate, swinging up and down, depending on local market conditions.
In Australia, property is often seen as a long-term investment. People buy property with the hope that its value will increase over time, allowing them to be sold for a higher price in the future. This is why many Australians invest in property to help secure their financial future.
So, weather you're thinking about buying a car or investing in property, knowing how depreciation works can help you make informed decisions for your financial goals. Your own team of experts will help guide you along.

Have you ever wondered where all the numbers and facts about Australia come from? Well, a big part of that job is done by the Australian Bureau of Statistics, or ABS for short.
A treasure trove of information:
Imagine you're curious about how many people live in Australia, how many babies are born each year, or how many people have jobs. The ABS is the place to go for these kinds of answers. Its main role is to collect, analyse and share all sorts of information about Australia and its people.
The ABS plays a crucial role in helping the government make decisions. Let's say the government wants to know how many people are unemployed or how many new businesses are opening up. They can turn to the ABS for this information. This helps the government create policies and plans that are based on real facts and figures, making sure they're making the right choices for the country.
The Australian Bureau of Statistics is like a friendly detective agency that collects, investigates and shares information about Australia and its people. From population numbers to economic data, the ABS helps us understand how our country works and how it's changing. So, next time you're curious about Australia's facts and figures, you know where to look – the ABS has got you covered.The Australian Bureau of Statistics Website

"If I had asked people what they wanted, they would have said faster horses."
Henry Ford 1863-1947 Founder Ford Motor Company 
 
Henry Ford is a pioneer of the automobile industry, he was the founder of Ford Motor Company and chief developer of the assembly line technique of mass production. His statement holds a profound lesson in innovation and vision.
Before we pull the wheels off this statement, there has been debate for many years if Ford did utter those exact words and the only guy that can really tell us (that being Henry Ford himself), died in 1947.
But let’s still jump aboard my explanation truck and take a drive around the block to unravel the meaning behind this quote and understand why it's more than just a clever phrase.
Embracing innovation over familiarity:
Picture a world where horses were the primary mode of transportation. In that context, asking people what they wanted might have resulted in responses like "stronger horses" or "faster horses." These answers make sense based on what was familiar and within the existing frame of reference.
Ford's quote means embracing a mindset of innovation and thinking beyond the expected. It means asking "why" and "what if" instead of just "what." It's about creating products and solutions that exceed expectations and address needs people may not even be aware of.
Henry Ford's quote highlights that true innovation and your own wealth growth often come from being provided solutions you didn't know you needed, rather than simply fulfilling a want.
Owun
Knowledge is Power
Owun is the Senior Education Specialist at the Blue Wealth Property Academy and hosts The Clever Investor podcast. He has worked in finance and property for well over 20 years and is known for being able to easily explain the complex world of wealth creation.
 

On this weeks show we have a blunt chat about how putting things off can totally mess with our quest for wealth.
Procrastination comes to visit all of us from time to time. It’s the act of delaying or postponing tasks despite knowing their importance. It’s often due to avoidance from a lack of motivation or time mismanagement. If left unchecked it eventually leads to decreased productivity, increased stress and then the procrastination bush-fire roars back into life.
A slippery slope.
This sounds like a very obvious statement but ‘putting-things-off’ can be a significant hindrance when we are all trying to grow wealth. We know that delaying or avoiding financial actions will have detrimental effects that you’ll be kicking yourself for in years to come.
A few Bite Sized Basics to combat ‘putting it off’.
In most cases it’s not going to be easy, the habits you are in have most likely been with you for years, so overcoming financial procrastination requires discipline, commitment, a proactive mindset and a plan to work with. Here are some of the main points that you can build strategies on to combat procrastination and boost wealth-building.
Set Clear Financial Goals
Create a Financial Plan, with the help of an expert.
Take Immediate Action
Seek Professional Advice
Automate Savings
Stay Educated
Stay Accountable
By overcoming procrastination and adopting proactive financial habits, individuals can set themselves on a path to build wealth and achieve their long-term financial objectives.
In the time its going to take you to warm up on the treadmill in the gym we'll step you through the ways in which procrastination can work against you.
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When it comes to property investing, the journey can be both exciting and financially rewarding. However, navigating the intricate landscape of real estate and finance requires more than just blind enthusiasm, it demands a team of professionals who specialise in various aspects of the process. From property researchers and mortgage brokers to financial advisors, tax accountants, conveyancers and wills and estate lawyers.
Teamwork makes the dream work.
Assembling the right team is crucial for a successful and stress-free investment venture.
It’s a win-win:
Working together with this multidisciplinary team offers several advantages:
Expertise: Each professional brings specialised knowledge to the table, ensuring that every facet of your investment is meticulously addressed.
Risk Mitigation: Property investment involves financial, legal, and tax-related risks. With experts guiding you, potential pitfalls are identified and minimized, protecting your investment and financial well-being.
Time and Stress Savings: Dealing with property transactions, financial intricacies, and legal matters can be time-consuming and overwhelming. Entrusting these responsibilities to experts frees up your time and reduces stress.
Customised Strategies: A tailored approach ensures that your investment strategy aligns with your unique financial situation, risk tolerance, and long-term goals.
Long-Term Vision: Your team helps you create a roadmap for sustained success. They monitor market trends, evaluate your investment's performance and you as a team can adjust plans as needed.
In the realm of property investing, success isn't a solo endeavour, it's a collaborative journey guided by a team of experts. By enlisting the services of a property and wealth experts you position yourself for a prosperous and secure investment future. Investing wisely isn't just about buying a property, it's about building a legacy.

“The investor’s chief problem and even his worst enemy - is likely to be himself.”
Benjamin Graham was a British-born American economist, professor and investor and one of the granddaddy's of modern day economics theory and thought.
The two main emotions we have are fear and greed – this is why some people are motivated by either the carrot or the stick.
Today we are not taking a peak behind the curtains, I want to lift the top off your head and show you what’s going on inside your head. But I can’t to this alone, we need and expert in the way we move our minds.
You might need to take two laps of the park on todays walk....this is a big subject, but so worth it.
 

Welcome to the podcast!
Tax time always fun and while property investors are often happy with the potential tax credits they can get, it's becoming a horror show for accountants with the increasing workload.
Today, we'll discuss some essential tips to stay on the good side of the Australian Taxation Office (ATO) and avoid potential penalties.
The ATO is taking a closer look at rental property owners who may be incorrectly reporting their taxes.
According to their estimates, nine out of ten landlords are either under-reporting their income or over-claiming deductions, resulting in a staggering $1.3 billion in lost revenue annually – roughly $400 per investment property!
To address this issue, the ATO is collaborating with lenders and property managers, cross-referencing data to ensure that tax returns are accurate. So, what are the key areas they are focusing on?
Remember, failure to comply with the ATO's requirements could lead to penalties of up to 75% of the tax shortfall – something no landlord wants to deal with!
Keep in mind that the ATO may request evidence to support your claims, so having receipts, invoices, and bank statements ready is crucial.
In case of an audit, you must be prepared to provide all relevant documentation.
By being diligent and adhering to these guidelines, you can ensure your tax returns are accurate, and you'll be better equipped to avoid potential penalties.
I hope this help keep it smooth and worry-free!

Borrowing power refers to the amount of money a lender is willing to lend you for various purposes, it can be anything from buying a house, your investment property, a new car, a business, sofa or just about any other financial need.
The borrowing power is determined based on several factors and the exact process may vary depending on the type of loan you're seeking and the lender's specific requirements.
Here are a few of the general steps to improve your borrowing power....(the lover thing was a bit of a joke).1 Income and Employment Stability:
Lenders typically want to see a stable and regular income to ensure you can meet your loan repayments. The higher your income, the more borrowing power you can potentially have. But a steady job history can also positively impact your borrowing power.2 Credit Score and History:
A good credit score demonstrates your ability to manage credit responsibly. Lenders will assess your credit history to determine the level of risk associated with lending to you. A higher credit score can increase your borrowing power.3 Debt-to-Income Ratio:
Lenders analyse your debt-to-income ratio, which is the percentage of your monthly income that goes towards debt payments (including rent/mortgage, credit cards, and other loans). Keeping your debt-to-income ratio low can enhance your borrowing power.4 Assets and Liabilities:
Your assets (e.g., savings, investments) can improve your borrowing power, while excessive liabilities (e.g., outstanding debts) may reduce it.5 Loan Purpose and Collateral:
The purpose of the loan and whether you have any collateral to secure it can impact your borrowing power. Collateral provides the lender with security in case you default on the loan.
6 Loan Term:
The length of the loan term can also influence your borrowing power. Longer loan terms may result in lower monthly payments but could limit the total amount you can borrow.7 Loan-to-Value Ratio (LVR): For certain types of loans (e.g., mortgages), the lender may consider the loan-to-value ratio, which compares the loan amount to the value of the asset being financed. A lower LTV ratio can increase your borrowing power.8 Lender's Policies:
Different lenders have varying criteria for assessing borrowing power. Shop around and compare offerings from multiple lenders to find the best fit for your financial situation.To improve your borrowing power, work on maintaining a stable income, building a strong credit history, managing your debts responsibly, and accumulating assets.
You might also want to consider seeking some professional financial advice to better understand your specific situation and options for maximizing your borrowing power.

In a momentous announcement, the Australian federal government has officially confirmed the appointment of Michele Bullock as the new Governor of the Reserve Bank of Australia (RBA).
Scheduled to take office in September, Bullock will be the first woman to hold this prestigious position in the RBA's history, marking a significant milestone for gender representation in the country's central banking sector.
Michele Bullock's appointment comes after a distinguished career in economics and finance, spanning over three decades.
One of the primary concerns will be ensuring a sustainable recovery post the pandemic's impact. As the economy gradually rebounds, the RBA will play a crucial role in managing inflation, interest rates, and unemployment to achieve a balanced and stable growth trajectory.
Bullock is likely to emphasize the RBA's commitment to digital innovation. With ongoing discussions surrounding the issuance of a central bank digital currency (CBDC), her leadership could accelerate efforts to explore the potential benefits and risks of adopting such a digital currency.
This forward-looking approach aligns with the RBA's commitment to staying at the forefront of technological advancements in the financial sector.
Furthermore, her appointment signifies the RBA's dedication to promoting diversity and inclusivity within its ranks.
As the first female Governor, Bullock will serve as an inspiring role model for aspiring women in economics and finance, encouraging more women to pursue leadership roles in the central banking and financial sectors.
So congratulations again Michele, if you happen to be listening to this edition when you're walking the dog, get in touch we'd love to have you on the show.
 

The RBA's decision to keep interest rates unchanged at 4.1% was a welcome relief.
If we consider the CPI from January to May on an annualized basis, it is now below 2.8%. Additionally, there are still 12 previous rate hikes that have not fully impacted the economy.
Over the 12 months leading up to May 2023, inflation has significantly decreased from 6.8% to 5.6%, with a peak of 8.4% in December 2022.
This decline can largely be attributed to the base effect, where current prices are compared to higher prices from the previous 12 months.
Although it may not be a popular opinion, we believe that inflation will decrease more rapidly than what most people anticipate.
Historical trends show that extreme spikes in inflation tend to have a reflexive effect,
Within economics, reflexivity refers to the self-reinforcing effect of market sentiment, whereby rising prices attract buyers whose actions drive prices higher still until the process becomes unsustainable. 
So put simply, they typically decrease as rapidly as they increased.
When the June CPI figures are released this month, we can expect to observe a sharp decline in inflation, provided there are no unexpected shocks.
While the RBA's current thinking may be unclear, one thing is certain: the pressure for further interest rate increases is diminishing, especially considering that the full impact of previous rate hikes is yet to be fully reflected in the data.
Many industry experts often compare interest rate levels in Australia to those in other countries based on a given level of inflation.
They argue that Australia's interest rates are not high enough given the inflation levels.
However, they tend to overlook the fact that Australia is one of the most vulnerable economies to changes in interest rates worldwide.
This vulnerability is primarily due to our substantial levels of household debt relative to disposable income, along with a majority of mortgages being on variable rates.
In comparison, the US has 90% of mortgages on 30-year fixed rates, with a considerably lower overall household debt level.
Higher interest rates tend to impact regional banks, commercial real estate, small businesses reliant on bank loans, and unprofitable tech companies more than households in Australia.
The risk of a recession remains significant, leading to questions about whether the RBA is adopting a strategy similar to that of the US Federal Reserve.
Despite the official mandate of promoting maximum employment and stable prices, every rate hiking cycle in the US has historically resulted in some form of economic disruption.
By analyzing their actions rather than their words, we might mistakenly perceive this as a deliberate tactic.
Creating some sort of economic failure allows for a resumption of rate cuts in an environment where inflation does not initially flow into general goods and services as measured by the CPI.
Instead, inflation would primarily manifest in asset prices, a consequence that policymakers seem unconcerned about.
Is an intentional plan ? or simply a result of incompetence?  It doesn’t fundamentally change the situation.
It is worth noting that historically, the first rate cut has often signalled the beginning of a bull-run in the property market.
A bull-run or bull-market is an period of time when prices rise and investors are optimistic. 
If on you daily walk with your dog see's you face to face with a real bull....we recommend you run.
And after that hit the like button please.

Once upon a time in the bustling city of Prosperis, there lived a young and ambitious woman named Lily. Lily worked diligently at ‘Big City Corporation’, where she dedicated long hours to her job. However, Lily had a burning desire to create wealth for herself and pursue her dreams of building a property portfolio.
One day, as she sat at her desk crunching numbers and writing reports, Lily received an email that instantly sparked excitement within her. It was an invitation to attend a wealth creation event that would take place the next week. The event promised to impart invaluable knowledge and strategies for building financial independence.
Lily pondered over her options. She knew that attending the seminar would require her to take a few hours off work, which could be perceived as unprofessional. But deep down, she realized that this opportunity could be the catalyst she needed to unlock her true potential...
Take a stroll along the mystical pathway towards doing a little someone for yourself today, that tomorrow you will thank you for.
Hit like and show us some love...  

In the age of abundant information, the temptation to embark on self-directed research on unfamiliar subjects is high. However, there are inherent risks and limitations to solely relying on self-conducted research when delving into topics one lacks expertise in. This weeks podcast takes a peek into the pitfalls of relying solely on self-research and highlights the importance of seeking expert guidance and reliable sources.
While self-conducted research can be a starting point for gaining initial exposure to unfamiliar subjects, relying solely on it without expert guidance is fraught with risks. Lack of expertise, biases, limited context, time constraints, absence of peer review, and potential oversight of nuanced interpretations all contribute to the pitfalls of self-research. To ensure accuracy and depth of understanding, it is crucial to supplement self-research with expert guidance, peer-reviewed sources, and a willingness to acknowledge one's limitations. Embracing the expertise of professionals and engaging in critical dialogue enhances the quality and reliability of research, leading to more informed and well-rounded perspectives on unfamiliar subjects.
Hit that like button to show us the Love........ xx

We all remember our first time...The First Home Buyer Assistance Scheme is a government initiative in New South Wales, Australia, that provides financial support to eligible first-time homebuyers. It includes benefits such as grants, exemptions, and concessions on stamp duty to help make homeownership more accessible and affordable for first home buyers.The First Home Buyer Assistance Scheme, also known as the First Home Owner Grant (FHOG), is a government initiative aimed at supporting eligible first-time homebuyers.
In addition to the grant, the scheme also offers exemptions or concessions on stamp duty for eligible first home buyers. This means that qualifying individuals can benefit from reduced or waived stamp duty costs, which can significantly reduce the upfront expenses associated with buying.
Joining us today is first home owners grant guru Joseph from With Finance
joseph@withfinance.com.au
 
 
 

After a long day battling away at work, fighting the good fight you get home and find your place of solitude on the sofa, flopping down and switching on the TV. Those noble news readers, with pearly white teeth and perfect hair give you updates on everything that’s been going on out in the mad, mad world. In amongst the whirlwind tales of stock market rises, falls, political arguments, exchange rate rises and falls they repeat words and acronyms you’ve heard hundreds of times before…but never really understood. A favourite of the economic reporters is GDP.
Gross Domestic Product:GDP stands for Gross Domestic Product, and it’s a way to measure the size or value of a country's economy.
I want you to imagine that a country is like a big shop where goods and services are bought and sold. GDP is like adding up the value of all the things that are bought and sold in that store over a specific period, usually with the year.Get the headphones and get walking its time to learn again.......smash the like button please.

Property investment is a significant financial decision that requires careful consideration and analysis. Engaging in thorough research before making investment decisions is crucial to ensure informed choices and maximize potential returns....or is it?? 
This weeks podcast has special guest Dr Tony Hayek, founder and CEO of Blue Wealth Property who developed Australia’s only independently audited property research methodology. We discuss the importance of research in property investment and highlights key areas that investors should focus on and what they shouldn't be focused on. Find an excuse to go for a walk, pop the headphones on and in less than 20 minutes you'll be so much the wiser. Don't forget to hit the subscribe button and like us. 

Tax is a compulsory financial charge that is imposed by all the governments on us, the people, the individuals, the businesses,
The reason is quite simple, its to fund public expenditures and services. It is typically levied based on income, profits, property, transactions, or goods and services. Government have no spending money without it so failure to pay may result in some big legal consequences.
The Victorian government recently announced a lot of proposed changes to its land tax. If these make it through the legislative process they will come into effect from July 1, 2023, if they are legislated. The Victorian state government, like many other states and territories follows a legislative process that involves several stages.
It begins with the introduction of a bill, followed by debates and scrutiny in Parliament. The bill must then receive majority support from both the Legislative Assembly and Legislative Council, then it becomes law.Gavin Chau is the Blue Wealth Property Senior Economist and as you hit the treadmill at the gym, he's here to tell us all WHY.... is the state of Victoria wanting to make changes to land tax laws and do we need to panic, sell everything and run for the hills...???

We have seen recent interest rate increases and last week we have finally seen several lenders begin lowering their serviceability assessments rates for certain borrowers
This is all in a bid to help more customers refinance.
We talked a while ago about how many fix rated home loans are expiring this year Over 800,000 loans are coming off some lovely low rates and the rates going to jump and their repayments are for most pretty much doubling.
Mortgage Rate in Australia averaged 6.87 Percent from 1990 until 2023, It reached an all time high of 15.50 Percent in September of 1990 and a record low of 2.14 Percent in March of 2021.
Historically, home loan rates in Australia have varied significantly over time due to multiple factors,
including economic conditions, inflation, monetary policy decisions, and market competition.
The rates have experienced both highs and lows, influenced by fluctuations in the Reserve Bank of Australia's (RBA) official cash rate, which impacts lending rates.
So if interest rates are still well under what the 30 year average has been.
Why are my mortgage broking friends telling me that it’s a struggle to get their clients loans to service at the level they need,
Why are these industry experts struggling to get so many deals over the line???
The answers is serviceability assessments rates leader are required to use.Tell the dog its time for walkies and lets find out.  

King Charles III has inherited his mother’s wealth worth a combined £17billion.
The vast majority of this wealth has been passed down over nearly 1000 years rather than being created by the current generation.
It consists almost entirely of centuries-long ownership of land and property across the country and even the seabed around the British Isles. With the ownership dating back to at least 1066 during the Norman conquest of Britain.
The accumulation of land as a form of generational wealth has also been reflected in pop culture with shows such as Yellowstone.
At its core, Yellowstone is really about a land battle. It’s a western set in the modern day about a 150-year-old ranching dynasty in Montana with the Patriarch John Dutton fighting to retain control of one of the largest ranches in America.
The ranch is land passed down from six generations of Dutton’s but is now sought after by developers and the neighboring Native Americans wanting to settle a historical score.Tune into this show and as we have a look at other assets as a store of generational wealth and you'll find out what Fiat currency is.....and no its not rusty Italian cars.
Hit the like button please and pop next door to your neighbours and tell them to listen too. 

Eggs are a symbol of new life, fertility, and in many traditions a sign of rebirth. In some cultures, eggs are associated with spring and the renewal of nature, while in others they are seen as a symbol of creation in the cycle of life. In religious contexts, eggs sometimes represent spiritual renewal or resurrection. Eggs are also a extremely rich source of nutrients and are often associated with health and vitality. 
Gudetama is a cartoon character egg yolk created in 2013 by the same Japanese company that created the very popular ‘Hello Kitty’.  Gudetama main traits are it’s always lazy, tired, and complaining about its hard life.
It has become an extremely popular character gaining a global following and a 100% rating on Rotten Tomatoes for its Netflix show.The original target audience was little children, but it has surprisingly become popular with teenagers and young adults who relate to its mood.
Gavin Chau is an economist and Senior Research Analyst at Blue Wealth Property. We asked him, what does this little egg have to do with world wide economics……