Best Selling Author Says You’re Crazy To Invest Long Term

Robert Kiyosaki is the author of several best-selling books including “Rich Dad Poor Dad,” and he’s got some interesting bits of advice for people on how to get rich.

In a live interview with MarketWatch, Kiyosaki had some insightful words of wisdom on money and how the rich think about money.

According to the author, “The rich do not work for money. Most people do not understand that, because they’re taught to go to school and get a job for money. The rich don’t work for money.”

He went on to say that “If you went to school and got a job, and you’re saving money and investing in the stock market today, you’re going to lose.”

Kiyosaki has predicted that in 2016 the world would see the worst stock market crash in history.

“We’re on the edge of a cliff right now. We have never been here before. If you’re still saving money when interest rates are negative, you’ve got to be crazy. When you’re investing for the long-term in the stock market, where there is no connection between stock price and reality, you’re crazy.”

On what people should be investing in?

“My answer is always the same. You got to come up with your own answers.”

“I love gold, I was buying gold at 70 bucks an ounce. I’m a gold bug. On the other side, there’s this guy named Harry Dent, a very smart guy, who says gold is going to drop to $250/ounce. Another very smart guy James Rickards, the author of ‘Currency Wars,’ says gold is going to go to $10,000/ounce. So somewhere in between is your reality.”

He also doesn’t believe the election will play any role in the crash.

“I hate to say this but I don’t think it makes a difference who wins the election. It’s the bankers, the Fed, that control the whole world economy, not a president. Donald Trump is my friend. I’m going to vote for him. I think he is a great man. But unfortunately I don’t think it makes any difference at this time. The problem is too big.”