Personal Finance
ABBA’s Money Meltdown?! – The Rich Really Do Get Richer
By Sipping Coconuts  •  July 23, 2023
Picture this: there I was driving home after the school run, innocently humming along to ABBA’s timeless classic, “Money, Money, Money,” when suddenly it hit me like a ton of gold bricks—the rich do, indeed, get richer! In a moment of dry humor mixed with bitter realization, I found myself reflecting on the lyrics and connecting them to real-life scenarios that highlight the unjust advantages enjoyed by the wealthy.
  1. Bankers playing favorites: You know the saying, “Money talks”? Well, it turns out it also has a secret handshake with the bankers. A friend of mine, who practically bathes in wealth, recently revealed that he was offered preferential rates at the bank. It’s as if his bank account had a red carpet rolled out for it, while mine gets stuck in the revolving door. Oh, the joy of being middle class and being offered “standard” rates that could make your savings account weep with envy!
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By Sipping Coconuts
Team SC is the collective moniker for our family members, Ms.K, Mr.C and CocoJr#1 and #2. We’re a young family based out of Singapore, breaking away from the norm by living our life passionately, purposefully and (importantly) well within our financial means so that we are free from the typical shackles of modern day society like debt, lifestyle inflation and mindless consumerism.
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