Comment author: Daniel_Dewey 24 October 2016 06:01:47PM *  0 points [-]

Thanks Milan!

I haven't thought a lot about that, and might be making the wrong call. Off the top of my head:

  • There's a community norm toward donating 10%, and I'm following that without thinking too hard.
  • I expect donation effectiveness on the scale of my donations to get worse over time, so giving earlier at the cost of giving a little (?) less over my career seems like it might be better.
  • Giving feels good in a way that paying debt doesn't. This isn't an EA reason :)

I guess I could put my 10% toward debt reduction instead -- if you or anyone else has pointers to info that might cause me to decide to do that, I'd be interested in seeing it, and in promoting it so that other debt-saddled EAs can make better decisions!

Comment author: Milan_Griffes 25 October 2016 11:08:21PM 1 point [-]

I don't have pointers to good info, other than Mr. Money Mustache's blog, which I think was already mentioned.

I'm following in intuition along the lines of "put on your own oxygen mask before helping those around you with theirs."

My bet is that my personal impact will be much larger once I'm financially independent. Giving a significant portion of my income now is a drag on reaching financial independence. I'd prefer to accelerate my progress towards financial independence at the expense of doing good today.

We're touching on the "give now vs. give later" debate here; intuitions may diverge.

Comment author: Milan_Griffes 18 October 2016 08:12:23PM 0 points [-]

I enjoyed reading this, though sorry to hear about pledge-related stress!

I'm curious about your reasoning behind donating a big portion while simultaneously paying down debt. My intuition is to focus first on paying off the debt, then ramp up giving once you're debt-free.

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