Yeah. One can debate the specifics of how big an emergency fund a given person should have but he seems awfully cavalier about tapping the 401k for unexpected expenses. I suspect, given that he doesn't offer dollar amounts, that he assumes that having $5K or so around to cover an emergency car repair doesn't rise to the level of emergency fund.

The bit at the beginning about the latte is also pretty silly. Sure if you can afford it and get great pleasure out of your Starbucks, go for it. But this is exactly the sort of money leak that causes a lot of people to wonder where their money all went at the end of the month.