No, for EDC I typically carry one knife and one primary light and a Freedom Light on my keys. IMO, anything else is over kill for urban carry. Backup is never far away, in my vehicle or in my briefcase/backpack.

When you add a cell phone, note pad and pen, wallet, lighter and other necessities you end up with very full pockets. I choose not to carry a fanny pack, except when I carry my weapon's fanny pack (which I don't like to carry), I find fanny packs cumbersome, uncomfortable and inconvenient for EDC. They may be great as a grab and go bag, but suck for EDC (IMO). I don’t even carry a PSP in the city (I know, sacrilegious behavior for a member of this Forum), but again supplies are only as far as my truck or my backpack/briefcase.

Being prepared shouldn't dictate you lifestyle it should protect it!

Now, what I carry “first line” when in the field differs greatly. I do carry two knifes, typically a LM Wave and a RSK. A primary flashlight in my pocket and a second in my PSP which is also on my first line. The PSP carries a backup blade, compass and fire making tools (which I also carry first line) as well as the other PSP necessities.