Rich Dad, Poor Dad's Financial Freedom Road Map

Abstract

With the rapid development of the global economy, trade between nations is becoming more and more closer in the context of economic globalization. People's pursuit of a happy life has also reached a new level, with financial freedom being a goal that an increasing number of people are pursuing on their path to happiness. The objective of this research is to examine in detail the ideas of financial freedom presented in the book “Rich Dad Poor Dad” and to investigate how these ideas may be more effectively applied to individual financial planning in order to attain financial independence, taking into account the current socioeconomic climate. This study employs a range of research methodologies, such as the literature research method, case study method, and qualitative analysis method. It begins by introducing the idea and significance of financial freedom, then analyzes the book's central financial concepts, and finally offers recommendations and strategies for achieving financial freedom in the context of the contemporary socioeconomic environment. The paper concludes by summarizing the findings and anticipating the direction of additional research on financial independence. Changing one's financial concepts, investing in financial education, and generating passive income are the keys to achieving financial freedom, according to this study, which was conducted after extensive research and analysis of the book Rich Dad, Poor Dad. People can also become more financially independent by having a deeper understanding of these concepts.