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Earning to Save (Give 1%, Save 10%) — EA Forum

forum.effectivealtruism.org · 190 words · saved by 1 readers

Claim: A common, default action people should be encouraged to take, upon getting involved with effective altruism, is "Earning to Save." Specifically meaning: Longterm, if you're not otherwise planning to shift your career trajectory, earning-to-give 10% is still a good aspiration. But this should be after you've made sure you're on the route to financial security with substantial runway, and after you've considered options that would require you to take a lot of time off to learn a new skill, or found a new project/organization. [Update: 80k essentially already recommends this for people until they have 6-12 months of runway. So I think my claims here are essentially that: a) this messaging should be more upfront, and b) I think 6-12 months is not actually enough, 12-36 months is better, and that it should be comfortable runway, not "living in your parent's basement" runway, for reasons listed in this comment)] Reasons I think this: For all these reasons, I think the intro-to-EA reso

Aaron Gertler 🔸 7y 28 2 0 One thing I didn't see mentioned in the post: How an "earn-to-save" default might change the public image of EA. It seems pretty important to the identity of EA, at least in the sense of how EA is seen by newcomers/the public, that most of us actually donate a reasonable sum of money. The average American gives roughly 2% of their income. If a sizable percentage of people within EA are doing 1%, that seems like it could have undesirable effects on the way we're viewed by the outside world. High donations shouldn't be the only strategy, and it's plausible that they sh

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