re: Finally found someone that agrees with me on the absurdity of the emergency fund

If one has a 7 figure net work and brokerage accounts that are NOT retirement accounts, of course they don't need an emergency fund.

An emergency fund is needed for the average joe, who is struggling with debt and barely has a positive net worth (would be negative outside house and retirement).

To say an emergency fund is "absurd" is just as silly as saying "no one should ever have whole life insurance". No piece of financial advise works for everyone, every time.

The majority of people should NOT have whole life and the majority of people SHOULD have an emergency fund.