Jochen Siepmann, Property Investing Mentor & Author, on Books & the Importance of Taking Action

Jochen Siepmann is an entrepreneur and investor, trainer, mentor, public speaker and author of two books.

Keep on reading and you’ll find out what book taught Jochen about the possibility of earning a passive income, helped him change his mindset about it and take action, but also what common mistakes he believes entrepreneurs make and myths related to property investing.

What’s your favorite book and why?

My favourite book is “Rich Dad, Poor Dad” by Robert Kiyosaki. It has opened my mind about the possibility of earning passive income, change the mindset to think differently to achieve it and it has inspired me to teach people about this too so I can help them to become financially free.

Was there a moment, specifically, when something you read in a book helped you? Can you tell me about it?

As mentioned above, Robert inspired me. While most people seem to find excuses (which they call “reasons”) why something doesn’t work for them, I am an action taker, learn, try out, practice, improve and get better. This way as Robert has described I changed my mindset, took action and over some time have built up a sizeable property portfolio that is giving me enough passive income to have become financially free

What books had the biggest impact on you?

• Rich Dad, Poor Dad (Robert Kiyosaki)
• Money, Master The Game (Anthony Robbins)
• Secrets Of The Millionaire Mind (T Harv Eker)

What books would you recommend to youngsters interested in your professional path and why?

Besides the titles already mentioned, I’ll add my “The Property Apprentice” and “Property Magic” by Simon Zutschi.

How do you make time for reading?

“No time” (or “too busy”) are just excuses. If you want to find time to do something, you will. It’s just a matter of priority.

Also to learn speed reading is good, can read a book in a day.

Do you take notes or have any other technique for conquering the torrent of information?

I use a highlighter/marker and I take notes.

How do you choose what books to read next?

I usually only read books about investment, property or trading. I usually don’t follow other people’s recommendation as they might have different interests/focus than me, unless they are well known and respected person in one of these fields

What do you think are the most common mistakes made by entrepreneurs?

Everybody makes mistakes. Important is to learn from them, not only from own mistakes also from other’s mistakes. Common mistakes are:

• ‘I know already’ – not taking a mentor.
• Losing focus and getting worked up in minor details instead of focusing on the important things.
• Not doing sufficient due diligence.
• Being afraid of making decisions.

What common myths related to your industry do you encounter on a day-to-day basis?

“No money” and “no time” to invest.

What is something you believe that nearly no one agrees with you on? (Peter Thiel’s question)

That it is possible to profit from property even if one has very little money. I am teaching five different methods how to do that, but even after that people don’t believe it… but it works, I have done it myself and many of my students, too. One just has to apply what they learned and believe that it works, then it will work.

Links where you can follow Jochen Siepmann or find out more about his projects:

• Professional Property Investment
• JochenSiepmann.me
• The Property Apprentice System
• Black Card Speakers Bureau
• Connect with Jochen on LinkedIn | Facebook

All books mentioned by Jochen Siepmann in this interview:

• Rich Dad Poor Dad by Robert Kiyosaki
• MONEY Master the Game: 7 Simple Steps to Financial Freedom by Tony Robbins
• Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth by T. Harv Eker
• The Property Apprentice: How To Earn While You Learn by Jochen Siepmann
• Property Magic: How to Buy Property Using Other People’s Time, Money and Experience by Simon Zutshi