This seems like a rhetorical question since the answer seems obvious enough. It is so obvious that I do not recall having a blog post dedicated to the topic. So, when I came across a blogger who thinks that an emergency fund is not important to him, it got my attention. This is a contrarian and I always like to find out why contrarians think the way they do. In summary, the reasons why he does not keep an emergency fund are: 1. His family has adequate insurance coverage. 2. His family's expenses are relatively low. 3. His family's investment portfolio is sizable.* *Current value is about $150,000, generating about $10,000 of passive income annually. This is taken from the regular updates provided in his blog. Anyway, have a read as I don't want to poison the well: Why we don't keep an emergency fund? An esteemed blogger, Createwealth8888, had ......