Robert Kiyosaki Reveals His Current Investing Strategy

Robert Kiyosaki is one of the best-known names in the personal-finance world today, and he's got a lot to say about investing in the current environment.

With books such as "Rich Dad, Poor Dad" and the recent "Increase Your Financial IQ," Kiyosaki has attracted millions of followers who want to boost their net worth. What's more, he says he has been able to avoid many of the market's pitfalls through his philosophy of pursuing assets, as opposed to money.

Kiyosaki spoke with TheStreet.com about his investments and more.

On Real Estate

"I'm heavily involved in real estate, and nothing has changed [during the downturn] because I buy only for cash flow, not for capital gains," he says.

He looks for places with increasing populations and job opportunities to ensure that there will be lots of renters. So, he has rental properties in places such as Oklahoma and Texas, which are enjoying oil riches and should have a good supply of people looking for places to live.

"I don't buy real estate, I sell real estate one month at a time," he says. "It's called a renter."

However, Kiyosaki says he doesn't own any foreign real estate because "I have to know the underlying economics" of the area, and he wouldn't have enough familiarity with the situations in other countries to be comfortable investing there.

On Saving

"When all these school teachers are telling kids to 'save money,' that's an inaccurate statement," Kiyosaki says. "They're not saving money, they're saving a currency:" the U.S. dollar. "When I hear people saying, 'I save money,' I say you're going to lose on that trade."