The "Rich Dad Poor Dad" author and personal-finance guru Robert Kiyosaki rang the alarm on an imminent market crash and urged investors to pounce on the bargains that emerge, in a pair of recent tweets, a report by Business Insider stated.
"All markets crashing: real estate, stocks, gold, silver, bitcoin," Kiyosaki tweeted after the S&P 500 slumped 3.4 percent and bitcoin tanked 6 percent on Friday.
"THAT CRASH IS HERE," he tweeted on Monday. "Millions will be wiped out," he added, urging investors not to panic and instead take advantage of the discounts on offer.
He had previously recommended buying gold, silver, and bitcoin when their prices fall, in a bid to profit from their recovery, noted the report.
"The good news is the best time to get rich is during a crash," he had declared in December. He also described the sell-off in July as the "GREATEST SALE on EARTH," the report highlighted.
In another tweet on Monday, Kiyosaki noted that he borrowed millions of dollars to buy cut-price real estate during the financial crisis. He continues to view periods when asset prices tumble as the best times to get rich, added the Business Insider report.
In recent months, Kiyosaki has suggested people stockpile cans of tuna and baked beans, plus household goods such as trash bags and toilet paper, to get ahead of inflation, which soared to a 40-year high this summer.