I don't know why they don't see the importance of emergency funds while the fact it can save their life in future emergency situation.
Now I understand why there are people struggle to meet their immediate needs since they don't pay much importance on this. That's why when those critical situation came they breakdown and struggle to find some funds then think about using those funds they invest or borrow money from loan sharks and pay huge interest from the money they borrowed.
Having an emergency fund is essential and they should not downplay its usefulness since everyone of us would provably face difficulties in future and its better that we are ready so that we will not collapse.
Exactly. Having an emergency fund is just to ensure that you do not melt into the fund you invested in, when unexpected issues come your way in life. It is not about whether a person is rich or poor, it is about readiness. When you invest regularly but cannot use it when you lose your job or when you get sick, then what is the point of investing long term when you cannot even survive your short term? The best investor will be one who safeguards his investment, and not one who continues to pour his money there without a clue. Emergency money is not optional, it is a strategy when you are really serious.