Several times in this thread, and maybe some of the related threads, we have observed that there are likely a lot of people (especially rich people) who have a lot of various resources, including that they may well have friends and family that would bail them out of short-term cashflow situations.. such as.. this might be dad or mom.. :
"0h shit, son.. you invested in bitcoin on the dip and you don't have enough money in the bank to cover your rent, car payments or to go on your planned trip to Hawaii for the upcoming weekend.. . no problem.. .. sure, I wished that you had some better cashflow management skills, but that is not a problem and you can just figure all of that later. ... in the meantime, here is a $20k loan.. .. just pay me back whenever you get your cashflow situation back in order" .. .
In these kinds of rich people situations, the $20k "loan" may not even need to get paid back. .and the son might even have some.. other back up ways to get money in case dad or mom did not bail him out.
That's true most of folks are not bothered with emergency funds that much because their guidance usually act like one for them, like some one who is still leaving in Under his parents roof and same time accumulating Bitcoin for instance, are in advantage . Because their parents are going to be one taken care of their need while they use their allowance to accumulate Bitcoin, especially when the folk have a well paying skill that can earn he or she some extra bucks .
So for such person emergency funds is not completely necessary, because their parents has already being playing such role for them in taken care of their needs and stuff .