text:  and call it something cool. But they suck as an investment. So your emergency fund is not an investment. When I'm speaking to a large crowd, I always make them say back to me, 5,000 people in the arena, not an investment. And then I make them say, your emergency fund is insurance. Everybody say insurance. Insurance. Insurance, right? And so why do we do that? Because insurance costs you money to protect the things that make you money.