There is a blogger which is contemplating on using the leveraged portfolio for liquidation as part of the fixed deposit of $50,000 which is one of the requirements for employing a maid in Singapore. I am of view that this will be a bad decision as this will incur the cost in the term of interest charged due to the leveraged portfolio. I am not for the debt incurring during the FIRE journey. I know that there is bound to be unexpected expense during the course of the life journey.
The above circumstance shows the importance of keeping the emergency fund in term of the crisis and last minute circumstance. The emergency fund must be easily available and accessible in the pressing circumstance as mentioned above. I am of view that it will give one a peace of mind which is precious as per my perspective.