By the way, the management and maintenance of emergency funds, reserves, and floats tend to be way more important for poor people even though it likely is difficult for poor people to establish such funds and such good personal financial management practices. Rich people may well have a variety of investments and they can actually use one of them for their emergency funds, and also if someone is at or near fuck you status, then they can actually use their investments as emergency funds, since maybe they are already able to draw from their investment at a monthly rate, so they are able to draw an extra 3-6 months from their investment without much of any problem, presuming entry-level fuck you status could be anywhere between 12-25 years of income already in your investment (and with BTC I am valuing the BTC holdings at the 200-WMA rather than at BTC spot price).
Hmm, fascinating! Are you saying it is difficult for poor people to maintain emergency funds or have one? If so then, I agree with you because building emergency funds can be very tough especially when one is living paycheck to paycheck. The constant pressure of meeting life's basic needs makes it difficult for people with low finances to maintain their emergency funds and prioritize savings.
However, having even a small safety net can make a big difference for the rich or poor. No one is above unexpected situations that can happen to anyone. This is because even someone rich might face a medical emergency or a sudden job loss that may cost him a shortage of cash. Emergency funds should be prioritized by everyone regardless of the level of income or wealthiness. Unless you would ay being rich may be a little less stressful to come up with an emergency funs because they could run to rich friends who would assist them so in that case they wont bother to tamper their investment or emergency funds completely. What do you think?