Mailbox Money Mindset: The secret motivations behind owning real estate with recurring revenue
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Product Details
| ISBN-13: | 9781732634619 |
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| Publisher: | Crescere Capital Management LLC |
| Publication date: | 09/27/2018 |
| Series: | Mailbox Money Mindset , #1 |
| Pages: | 150 |
| Sales rank: | 949,490 |
| Product dimensions: | 6.00(w) x 9.00(h) x 0.32(d) |
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Mailbox Money Mindset: The secret motivations behind owning real estate with recurring revenue
4.8 out of 5
based on
0 ratings.
38 reviews.
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I read Chris Hotze’s “Mailbox Money Mindset” knowing very little about real estate investing and came away feeling like I have a pretty decent grasp on the subject. Unlike many similar financial advice books I’ve encountered, this one was not full of specialized jargon and hard-to-understand graphics. The book does one thing and does it very well: it introduces readers to a simple way of building a real estate portfolio during their working years and using the returns to add security and comfort to their financial situation.
At first, after seeing the title, I feared the book might be one of those “get rich tonight with no money” schemes that seem to be all over the Internet and late night TV. Instead, I was pleasantly surprised to discover, after finishing the first page, that “Mailbox Money Mindset” was actually a very solid, conservative-minded plan of action for people who want to put more security in their lives. Hotze uses several interesting, real-life stories from his father’s career that work as building blocks for his investment strategy.
There are complete discussions about why real estate is, in many ways, a more secure investment than what most U.S. consumers rely on for their retirement. In other words, all those stock market-based 401k plans, low interest savings accounts, Roth and non-Roth IRAs full of equity stocks, and other common long-term savings vehicles don’t match the monetary power of real assets like land and buildings.
Hotze goes into detail about why real estate offers better returns and is actually a smarter way to build retirement security than common retirement strategies that are eroded by inflation, tied to the fortunes of a single corporation, or have no hard asset backing. For readers who want to learn about real estate investing from a person who truly understands how it works and knows that it’s not a get-rich-quick game, Chris Hotze’s “Mailbox Money Mindset” is a great place to start. For clarity, interesting stories, and sound advice, I’m rating this book five stars.
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The inspiration I needed! Thank you, Chris Hotze.
There are plenty of how-to investment books lining my shelves. No matter how much I read, or how much I learn, the information is useless unless I can put it to work for me. Mailbox Money Mindset provided a solid dose of encouragement, inspiration, and practical application.
Written from personal experience, integrated with life lessons taught by his father, Chris Hotze provides a much-needed spark to get moving toward a "mailbox money mindset" through real estate investing.
Those new to real estate, veterans who find themselves sluggish in achieving their goals, or anyone who needs a word of encouragement to set and meet investment goals in real estate will benefit from this book. It helped shif my mindset; I feel sure it will do the same for you.
There is no magic formula, no more than there is anyone who is doomed to remain poor. It's all about shifting your though paradigm and geting things in order to hange your life.
The following are a few meaningful taekaways for me:
*WHY I need to begin NOW to invest in a recurring revenue stream.
*Why possessing a mailbox money mindset creates lifestyle changes that include learningn to live within your means, and building a legacy.
*Why I should invest and move forward in life with clarity, conviction, industry, and purpose.
There is untapped potential within all of us. Hotze's insights will help you find the moxie to get moving in the right direction.
Overall, this is an inspiring, challenging, and insightful read.
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Very informational and relatable, I was taken back to school!
This is one of the best “How To” books that I have read in a long time. Chris Hotze really is transparent about his life lessons from his on past, present and future. He explains throughout every part of his life, from watching his dad and other mentors has helped to be successful in the real estate arena. I love the way that he talks about his dad in the reading; he makes him the foundation and narrative of the book. By doing this, it allows readers to trust and relate to him because a lot of people are experiencing the “starting from nothing” beginnings and are not sure how to succeed. There have been a lot of books that I have read on this subject, where the authors either has inherited the money to start investing or they were given a loan from a parent/family/friend or they made a ton of money and used their own money to invest. Those readings are not relevant for those of us regular people, who are lost and have nothing and are confused on where to start. I really enjoyed how Chris comes back to his humble roots and teaches us “regular” people how to start with nothing and still be successful because he has seen it happen for him and many of his mentors. Chris takes the time to teach us about having a Scarcity vs. Abundant mindset when wanting invest in real estate. He tells us that having an Abundant mindset only last for the present while having a Scarcity mindset will last for generations. He has life lessons throughout the book such as, how your income from a job is not your wealth but wealth comes from other sources of income that you create. He explains how the income that can be made while you sleep can be the wealth that you can fall back on and still maintain your living even if your main source of income is taken away from you. He encourages readers to surround themselves around people that are like minded and are already where they hope to be. Not only does he give us life lessons and valuable take-aways throughout the book, but he also pairs in it with interactive lessons at the end of each chapter. It is like being in a classroom, reading your text book and having the professor expand upon and explain further what you just read. I think that is the main thing that sets this book apart from others, not only do you get valuable information when reading but you get personal training in the process. This book is an easy quick read as it is very engaging because he uses stories from real life experiences and humble beginnings. This book is also a great teaching and reference tool for someone who wants to teach others or even their children about saving money and getting into the real estate business. I know that I will use this resource to help educate my "abundant minded" 13 yr. old very soon!
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I am glad that I found this book at a point in my life where I could really use some pointers on how to invest my money and where to invest my money. The Mailbox Money Mindset is written to encourage the ownership of real estate property in order to create a recurring revenue stream. It is heavily influenced by the ideas and lessons that the author Chris Hotze learnt from his father, Ernest Hotze, who bought his first rental property in his 50s; thus creating his first recurring revenue stream that put his kids (author included) through college, made it possible to retire from his job and start a booming business.
I found the chapters well organized and Chris Hotze conveys the lessons, concepts and principles so well through experiences and stories that someone not financially savvy such as myself, find it easy to follow and enjoyable to read. It's also great that he shares some further recommended reading material if you'd like to take your knowledge a step further in this direction.
This book is for everyone but especially for someone looking to exit the rat race and achieve financial freedom. I didn't have the benefit of financial education like Chris Hotze received from his father but I intend to use the knowledge Chris learnt from his dad and along the way in his 20 year career as a real estate investor to get me started. Give it a read and you will be inspired to make the first step!
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I thoroughly enjoyed this book. Other than my house, I have not yet jumped into real estate investing, but this book makes it feel like I could tomorrow. The author is not only informative but a good story teller as well. You don’t get sleepy-eyed trying to muddle through financial technical terms. You don’t realize you are actually reading a financial investing book in disguise as an interesting story.
The author starts out with explaining what the Mailbox Money Mindset is right from the beginning. Which is refreshing since most things these days try to keep you guessing just to string you along. But this author knows his book is interesting enough that you’ll want to read the rest.
Chris tells the story of the history of his family- how and why his father got into real estate investing; the steps he took and how he managed his business. His father’s story runs into Chris’s story since they are intertwined. All through the book is peppered with real life stories of friends and family and their experiences and problem solving with mailbox money. Combined with the background of getting a Mailbox Money Mindset and concrete steps to take to start investing in real estate, this book holds your attention and gives you the confidence to go contact your real estate agent. Most chapters include bullet points for reference that he goes on to explain each one in detail. I found this style to be helpful.
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Mailbox Money Mindset: The secret motivations behind owning real estate with recurring revenue By Chris Hotze is a great informational read in todays world of economic downturns, worldwide events that shape the world we live in, mis-information about investment opportunities, consumerism and living on credit. It is hard to attempt on financial planning when inflation raises prices without much savings being held. However, its never too late to read a book like mailbox money and profit from the insights like Chris Hotze provides from lifelong experience.
The Author dwells into historical events and the learning lesson behind them and how these unfortunate events can provide opportunities and perspectives in getting out of financial debt, saving opportunities etc. but foremost making your money work for you instead of against you.
The core of this book focuses in real estate investing as the title leads on, however I found that alot of the insights can be applied on other areas of investing as the author explains the mind set and habits of people that achieve financial success.
I really like the boom because it forces me to envison the past and connect it with the future to develop sort of a 10-15 year plab on the market base on past historical patterns. Of course this sounds logical as you read it, but that was just where my mind was heading as I was reading the insights given by this boom that shaped my thinking and added some insights.
Say for example we look at the last 20 years of real estate market in the U.S. it coins the middle class that is surviving and the middle class that is almost eroding. It coins the babyboomer generation and the millennials... its just crazy how economic events provide so much insights to where the world is heading and although this boom focus more on real estate investing the thinking and mindset behind investors, i on experiences witn other markets from the insights i gained from this boom which for me makes it really great read on just finanicla markets and investing in general.
Definitely recommend. Time well spent!$ :)
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Mailbox Money Mindset by Chris Hotze was nothing short of a GREAT read. Let it be known, that I had NO IDEA what the term mailbox money even meant so I am very glad that I dived into this book in my early 20s. It shares real experiences from Chris’ life that make it more relatable and does not make it feel so much like a “self-help” book. We are given lessons and stories that OH by the way offers you a lens to financial freedom! Hotze does a great job of iterating why Real Estate is the best way to achieve your goals than leaning on more traditional forms investments like an IRA. Being in an early stage in my career, one of the main concerns I have is “Will my retirement be there when I need it?” and this book helped alleviate some of that stress by giving me solid advice and instruction on how to diversify my income and investments.
After reading, my boyfriend read the book and we are already starting to think through our future to bring in more streams of income as a unit. I know that he related to the father anecdotes more and really took the lessons to heart. This is great book to share with family and friends because the knowledge can be transferred and contained at any age.
If you want to take charge of your future through investing, stop and read now!
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“Mailbox Money Mindset is a frame of mind, a mentality, and a lifestyle in which you focus on investing in assets, over the long term, provide recurring revenue streams”
Chris Hotze shares in his book the advice he received from his father along with practical real-world applications you can become financially independent. He also helps you understand that strictly relying on the stock market investments, 401Ks and bank accounts in your retirement may not protect you in a way you would want them too. He shows you how to protect your money and have control over it by establishing revenue streams from real-estate assets. The most profound advice I found from his dad was “Paper dollars will become less valuable over time and hard assets will ultimately appreciate.” The QR codes at the end of each chapter allow you to further investigate topics you want more information about for example of This Economic Downtown.
You would be surprised to learn that this book even with its business concept is written in a way that anyone can read and learn from these concepts. Chris Hotze writes in a way that regardless of your education you can receive useful and correct information for you to start your own Mailbox Money. He breaks down what assets really are and what tangible assets are and how their use can mean in 10, 20 or even 30 years later and how they will affect your own legacy after you are gone. I would really recommend you take the time to read this book even if you believe real-estate is not for you because the concepts and ideas inside will help you understand your financial future can look like outside of real-estate.
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Chris Hotze shares stories of his father and things he learned from him and shares them with the world to help others. This book gives really great tips for how to invest in real estate, but these tips can also translate into everyday life and are not limited to the scope of real estate. They translate into how to properly use your money to make better decisions for the future. Especially as someone who is still young, I have gained so much knowledge as to how to think of my money and truly understand the value of every cent I make. I will keep this book handy for when I need to remind myself of making the right money choices and deciding where to invest to allow my income to grow and learn more from it. I made a lot of notes in the notebook I always carry around and will share them with friends who are also into self-help books and learning how to better yourself. I am glad I found this book. It is unlike those other books on real estate to the point where I was able to understand everything and didn’t feel intimidated reading it. I will use these tips for the rest of my life and will definitely be rereading this again and again. I have made a great deal of markups to share with my dad as he is trying to grow his investments in real estate and will make sure he reads this book as well to help him expand his own knowledge and share ideas with him. I highly recommend this book to anyone who wants to learn more about how to manage their money and invest in real estate.
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For many individuals who do not have much knowledge or experience in any form of investments, investing in the future can be a daunting task. As a recent college graduate, I myself have only just started to look into ways to financially secure my future. However, nothing I've come across regarding stocks, investment, and real estate was as easy and comforting to read as Chris Hotze's Mailbox Money Mindset. I found his work to be an incredibly valuable read that I would recommend to anyone and everyone.
Most notably, Hotze speaks in a conversational tone throughout his book. This is especially comforting to those like myself who have previously been been swayed away from real estate investment. I never found myself worrying about trying to understand difficult investment terms or risks as Hotze gives a personal look into his experience with real estate investment. I previously never would have considered "mailbox money" to have roots in the social spheres people have, but it is clear that Hotze's relationship with his father and even his wife proves otherwise. This alternative perspective sheds a truly wholesome and humanistic light on the real estate investment world.
Mailbox Money Mindset has certainly changed my own mindset about how I should approach investments. I admire Chris Hotze's work and will continue to be inspired by his achievements as I build my own financial portfolio.
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Honestly, I'd never heard the term "mailbox money" before reading this book, so when I say that Hotze breaks down this concept well and makes it easily accessible for all readers, believe me. I've often wondered about real estate investing and how to intelligently enter into this world, this book answered a lot of my questions and provided a great launching point for me to begin pursuing this option.
I'm so glad that I took the time to read through this source and will use it again and again. Hotze offers fantastic references and encourages people to continue expanding their knowledge with more books and mentors, and provides helpful suggestions within each avenue. The end of every chapter features QR codes to immediately give more information in a multifaceted manner.
I enjoyed reading the stories and examples that saturate every chapter, they're informative and purposeful. They champion the importance of a strong work ethic and frugal living mentality that have become rare, but still form the foundation that wealth is built upon. Hotze follows these with the breakdown if principles and steps used and necessary in each scenario. This book is helpful, well-written, and a pleasure to read!
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Considering I’m only a college student, I usually try to avoid books that focus heavily on real estate and property ownership since my ability to invest in them seems so far ahead of me, but I have to say that Mailbox Money Mindset was an enjoyable read and I’m glad I took the time to read it, even with where I am in my life journey currently. This book isn’t just a book about why you should create recurring revenue, it is also a story filled with lessons told to a son by his father, Chris Hotze having learned much of what he did from his father. This makes the book super easy to read and be drawn into on a subject that threatens to be boring as can be.
To top off my list of reasons to give this book a read is the fact that many of the lessons learned through this book don’t have to be used directly on real estate, but is simply good advice for any aspiring entrepreneur regardless of the business you are looking to enter. The immediate one that comes to mind is the chapter on the immigrant mindset. The idea of having an immigrant mindset is absolutely new to me, but is genius and very clearly helpful in any business venture for seeing opportunities that might otherwise be missed or possibilities that are easily overlooked if focused too heavily on the conventional way things have been done in an industry. I myself am specializing in the publishing industry, and though this book wasn’t necessarily meant for me, I think it has given me a lot of good advice and new ways of thinking that I can use moving forward both in my future business ventures and on a simpler note, my own financial stability.
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Mailbox Money Mindset instantly drew me in because the title implies passive income. The book was not exactly what I expected. However, it does contain good content. I liked how the author's father taught the issue of inflation and how that affects assets and what type of assets are better to hold on to. I also like how he helped Robert discover another income generating source by his recommendation to lease the extra space that basically just stored stuff that was not being used. I agree with the Japanese concept of waste. I also really like some of Kelley's solid advice to the author. He had good quality advice that would work well. The author also brings up a good point about reaching out for help if needed. There is nothing wrong with that. Plus, it is financially wise to ask people that might know more about a certain topic than you do. Overall, this book is well written and offers a personal perspective to help a reader on their own mailbox mindset. I liked hearing about Jared's real estate investments as well. This book make you think and makes you want to dive deeper in smart investment options. The price of the book is fair to me considering how I saved myself some time learning a few new things.
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When I first started reading this book, I was worried it was going to be a “get rich quick” kind of book, that seems to be plaguing the internet and info commercials these days. But pleasantly to my surprise that was not the case. But after reading the first couple of pages, I realized that “Mailbox Mindset” was a great idea for a plan to action and to make a solid plan to make an investment and have a better security of passive income for the future.
This book is interesting to anyone who is interested in real estate investing. The Author Chris Hotze in “Mailbox Money Mindset” is an easy read. Chris lays out the chapters and a outline for people who want to create passive income in real estate for themselves, or getting started at a young age for future investments (which I would recommend).
While reading this book, it feel like I was having a one-on-one with Christ Hotze. Having someone personally share information and guide you on what to do, sharing information that he learned from his father, (which didn’t start to investment till later in his life). This book was nicely written, very personable with sharing family information.
I would highly recommend this book to anyone interested in real estate, but I’d definitely tell people in their early 20s this is something that they should really consider. I hope that my children, learn to invest in something for the future long term, to help make sure they are successful in life.
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My aspirations to be a real estate investor and entrepreneur are vast. This book is for people, like me, that have a drive and determination to invest in real estate. I currently have three properties. I am always looking for a way to make money and continue to build my property assets. Chris Hotze not only shows why to do it, but real life examples of what was done by others. Mailbox Money Mindset is a must read for anyone that is contemplating going into the real estate business. Everyone has a goal of making money on a continuous basis and Mailbox Money Mindset set’s out showing you what it is to create streams of revenues that make your money work for you.
I am a corporate person. In one way, I feel like I live below my means, but in another way I definitely do not. I have been hit with disability and a pending divorce. All of my financial security is now in flux. It is important to realize that it isn’t about how hard you work. You can be the hardest worker in the room, but still end up broke. This book is a great reminder of who I am. I did not grow up in abundance. I know how to live below my means and how to have a financially secure mindset. I would definitely recommend this book for anyone that is looking to branch out into real estate or just get into a new mindset of managing their business and personal assets.
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I’ve already started my journey in real estate investing but this book was an eye opener for me. I’ve attended several workshops and bought a few training courses which have helped, but they only addressed the mechanics. This book digs much deeper and lays out the best foundation for success - having the right mindset.
Anyone can tell you how to think but this author also tells you why. And he does it with real life stories that capture your attention. I especially loved the engaging and impactful anecdotes that the author shares about his father and the mentors in his life. They really helped me connect with the author and his message.
The author reveals several mindsets that are vital for successful real estate investing. Confidence, hunger and sacrifice, just to name a few. He details why they are so important and how to instill them in your own life. For example the author talks about the mindset of sacrifice this way:
“Whenever you feel tempted by a frivolous purchase remember that your working for yourself and your loved ones for the long-term. Your pursuit of financial freedom and security is not about your ego. If you let your ego run the show, you won’t accomplish much of anything.”
This is one of those special books that you keep going back to along the way just to make sure your staying on the right track. I highly recommend this book to anyone who wants more than living from paycheck to paycheck or even the emptiness of a wealthy but frivolous lifestyle.
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Hotze includes tips from a lifetime of experience with mail box money that works. He uses every day language to explain the process of investing that brings reoccuring income to you. He explains that the money you bring in should work for you, that every dollar will go somewhere and deciding that somewhere is important in securing available income into the future. Real estate is a good and wise investment for the future, as land never moves or decreases in size. You can spend your money or invest your money, the trick is to invest to ensure the money creates more money. Once your money is spent, it is gone, unless you invest it. I thought this was a wonderful piece of information that I will use in my financial planning. It was very easy to follow and understand and I recommend this book to anyone that is searching for where to start in learning investment planning and security. Hotze lays our the foundation of his experience from his childhood and brings out relevant and useful information and why some things don't work, and why others do. The economic history behind financial failure or success is a great added element to his book and supports his advice to the reader and gives this a five star effort in presenting financial advice that is easily grasped. I was pleasantly suprised at the quality and wealth of information that this book gave as well as the ease at which it is presented. I guarantee that you will not be disappointed in this book and consider it an asset to my own collection.
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Mailbox Money Mindset is a book that teaches you the lessons for why you should set aside money and invest in real-estate. The Book offers many scenarios and different perspectives in being able to set aside money, live responsibly, and invest your money into more money. The author, Chris Hotze, goes in depth with experiences to help you better understand and connect your financial status to his. With empathy and understanding, he can connect to the reader and offer some good advice towards him.
The book is repetitive and tends to say the same thing again and again. But you have to get through chapter one to be able to continue to focus on the important lesson. It's almost as if the author builds up the tension of what you should do, almost gives it to you, and then says, 'but wait' and leads you to another path. Kind of like a dog with a treat. But eventually you start to gain some great insight into what to do to build a secure future.
It's true what the author says, it's not like any other book. And while there are some good ideas on HOW to do it, the book certainly focuses more on WHY to do it. Connecting the experiences with a Depression Era father and mindset, gives newer generations a better mindset on what to do. Even I have considered now looking into investing after reading this book. I highly recommend this book to anyone who is looking for a new perspective in investing.
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Mailbox Money Mindset is an excellent book regarding real estate investment from author Chris Hotze that explains why everyone should have some investment in real estate, whether commercial or residential. He even recommends that some people even invest completely in real estate properties, because their value and monetary return is hard to match. Chris brings a valuable perspective to the discussion of real estate investment and makes a very valid point that anyone can have at least one or two properties that they own and rent out to tenants, providing an income that Chris terms “Mailbox Money.” This concept, explained in the book, is basically an income that you receive as a result of the things you own, rather than as a result of the work you do, which is how most people operate.
This book has much to recommend it; it is written in a very clear, professional style; and has multiple stories and anecdotes contained within, (the foreword is by a man who spent much of his life investing in real estate, who also recommends this book) making for an engaging and easy read. A worthwhile read for anyone who trying to decide whether to invest in real estate, or as a gift for someone similar. Chris Hotze is a wise voice in the field of real estate, because not only has he invested in several rental properties himself, but also had the sense to get out of real estate completely in 2007, and put everything into gold shortly thereafter, which was the sharpest decision anyone could make.
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Mailbox Money Mindset is a great book that incorporates lessons from the authors father into a platform for earning recurring income through real estate. This book is meant to pump you up, and get you out of the drudgery of the 9-5 mindset. This book was not a step-by-step guide on how to buy real estate. This is for the people that feel like they're on a plateau in life. Whether you already own property, or are living paycheck-to-paycheck (I'm in the latter), this book is insightful.
This book does have steps and techniques, and the most pertinent to me was the lesson to have an "immigrant mindset." This book is great because he doesn't convince you with promises, he uses success stories of people he knows, including interactive stories you can see with your smart phone. The biggest lesson I learned from that section is that no one is going to give you something for free. You reap what you sow, and a 2nd or 3rd job is not only necessary, but essential to get to that next level in life you're looking for.
Additional research is necessary to get into real estate. But this book is a handy tool to make sure you're on the right track. There is wisdom for every person looking to have a secure and prosperous life for their retirement and for their children.
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After reading this book, I now have a very good idea of how I want to start investing in real estate; and more importantly, the confidence to do so. This is a very well thought out and well written guide on how create recurring passive income through real estate investing. Investors at every level can grasp and potentially use the investment strategies used in this book.
I have read several other books and articles on investing, many of the authors speak on how they started investing young, in t heir early twenties. The author’s father in this book only began his lucrative investing career when he was fifty years old. That gave me actual hope that it could indeed be working for me as well. The author mentions early on that one needs to think with thoughts of abundance, devise a plan and stick to it. He also reviews the seven tenets that are critical to successful investing.
The book tells of the author’s father and how he made careful decisions on what to invest in and how. Another point the author drove was that as the generations go by, all of us will be living longer in general. It would be a tragedy to outlive your savings. 401k accounts provide a finite dollar amount to live on and could prove very stressful in older age. Creating recurring payments alleviate the pressure of trying to do the math on what’s left every week or month. All investing involves risk, but careful planning and a proven method mitigates that risk significantly.
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In his book "Mailbox Money Mindset", successful real estate investor Chris Hotze shares practical advice about how to become independent entrepreneurs. While his book focuses on real estate the tools he shares apply in many other areas of entrepreneurship. He begins by saying that "this book isn't about HOW to invest, it's about WHY you should invest". Hotze grew up watching his father work a full-time job and on weekends he spent most of his time as a landlord/handyman looking after his investment properties. During those days he cultivated relationships with his tenants, learned more about the surrounding areas, and kept an eye on other investment possibilities.
Having spent much of his early years watching and at times working alongside his father, the author learned very important values that would help him succeed in his own pursuit of investment real estate. He makes a strong emphasis on first learning to live within your means regardless of your income. Purchasing only the things you need and much less of what you want. Next he tells readers that the "Mailbox Money Mindset" is a certain frame of mind, a mentality, and a dedicated lifestyle that keeps you focused on your goal of maintaining recurring income. This being the monies you use to invest in your next property or business. With that said, he encourages readers to to learn all you can about real estate investing or your intended business and seek a successful mentor to gain guidance along the way. Lastly, don't quit your day job until you are financially set to do so. Hotze's father didn't turn to full-time real estate investment until he retired at age 50. While much of the aforementioned advice requires discipline and sacrifice, Hotze speaks from the example of his father who along with his mother raised eight children and was able to leave his wife financially secure in her later years by maintaining a modest lifestyle.
This book also consists of stories from others who were successful when they set their sights on real estate investments with recurring revenue. It tells readers that with discipline, determination, and focus that while it may not be easy at first, it is possible for anyone to achieve similar goals. I recommend this book to anyone who has a dream or vision of owning a business and reaching even higher in the future.
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Well-Structured guide to create passive income!
The Mailbox Money Mindset is a well-structured guide for how to assess whether or not you are ready to make “mailbox money”. The author defines “mailbox money” as money that passively flows to you, like rental income. He does a good job of combining practical advice with real life situations from his personal history to provide examples. Although he doesn’t provide technical advice, the book is a great way to gauge whether or not his practices are right for you. He also gives other options to certain things, for example when he asks the reader if being a landlord is right for them, he doesn’t just say landlord and leave it at that. He describes a range of hands on, minimal, and totally hands off landlords. He wants to give his readers options so that if something he says isn’t completely in line with your goals, you can still apply some of his advice to your world.
Something he does focus on in his stories is saving – most of his advice is based on the fact that he (or the other people he uses as examples) saved to be able to buy their first investment property. If you are not at that stage where you have enough saved, you can still read the book for motivation, but he does not go into as much detail about how he saved his money. He gives stories about buying the cheaper house and fixing it up, not buying flashy cars, etc, but there is not a sufficient enough base to call this a book about how to save money. This is a book of how to use that money wisely once you have saved it.
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Inspiring, Motivating and Realistically Written
Let me start by saying that before I read this book I would have said that I could not be a real estate investor. I never thought that it would be possible for me to obtain recurring revenue by investing in real estate. That was BEFORE I read this book. The way this book is written, I not only believe it’s possible for me, but I actually WANT to do it.
I liked the real life examples used in the book. It gave me hope that I too could achieve financial security with my modest salary while using the suggestions provided. The fact that the author’s father truly started purchasing multiple properties in his fifties, wow, that made it all seem so attainable.
This book can be used as a guide, not only for real estate purchasing, but for life in general. 1 – Live below your means 2- Build up your confidence 3- Have an immigrant mindset. Those are just three of the many lessons and suggestions that can be applied to anyone and their current situations.
I highlighted passages in the book quite a bit and the QR codes and the videos made the book that much better. I truly enjoyed it.
This book made me feel that I, a single woman in her 50’s that has had many challenges in life, can and will purchase a rental property in the near future. Who knows what will happen after that, but for now, I know that I CAN and that it is achievable. Soooo thanks Chris! Well done!
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Mailbox Money Mindset by Chris Hotze is part nonfiction, part memoir, and part self-help book. Inspired by the lessons Hotze learned from his dad, it is reminiscent of Rich Dad, Poor Dad (a book that is on Hotze’s recommended reading list). Mailbox Money is the term Hotze uses to describe passive income, or money that comes to you regardless of how many hours you worked. You aren’t trading hours for dollars. This is money that you can earn while you sleep, play, eat, or are on vacation. Specifically, Hotze is talking about rental income, or money earned from owning and renting real estate.
The mindset part of the book is interesting. Hotze talks a lot about the way you must think in order to achieve this level of financial success, and it is different from the consumerism mindset that you might be used to. Expect to hear things like: live within your means or know the difference between a need and a want. Some of this information is pretty standard and you may have heard it before, but it doesn’t hurt to be reminded of it again, especially if you are not in the financial situation that you want to be at yet.
This book is not specific in how to invest in real estate. It is more of the idea behind why you should invest in real estate. Therefore, I would recommend it more for beginners or people just starting to think about passive income opportunities. If you are already investing in real estate or other investments, you might find the story repeats information and strategies you are already implementing.
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