When I said low 6 figures, I meant very low. We don't usually keep more than $150,000 (and it varies between $60K and $150K as things cycle) in "accessible cash". This is, for us, funds used to purchase a new vehicle, or deal with some around the house issues, or move to a new investment opportunity.

This is just an amount that, for our purposes, is enough to cover most random unanticipated issues without keeping too much money uninvested.