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In love with property

Robert Kiyosaki loves property crashes but has very little time for managed funds, superannuation or negative gearing.

"The mortgage industry has a tremendous amount to offer the world," says the author of best-selling book Rich Dad, Poor Dad.

"Superannuation in my opinion preys upon people who are not financially astute and fleeces the uneducated. Managed funds charge so much in fees," he says. "Real estate is the best vehicle in which to invest."

And on the subject of negative gearing he asks: "Why give the Government a dollar so you can get back 30cents?"

Whether you agree with him or not, it's hard not to be encouraged by his support for property.

"I love property crashes - they are an opportunity to buy. Trends are everything to me."

Kiyosaki believes educating your customer will deliver greater sales. "Financial education is about knowing what is good debt and what is bad debt. A house is not an asset but a liability and if it's your biggest investment then you are in trouble," he observes.

Today Kiyosaki sees himself replicating what his friend's father - his 'rich' dad - used to do - playing Monopoly for real.

As a property investor he says he does not need to see the bricks and mortar when he buys. "Show me the figures, not the kitchen," he says.

Kiyosaki is a man of firm opinions. Some agreed with him, others didn't but there was no getting away from the fact that he was financially successful.