Thanks for sharing this. It is the first time for me to hear about this dynamic pledge.
You mention giving 10 percent once you earn the median income in your city, and 60 percent once you earn double the median. Have you also thought about what you would give between those two points, when you are earning more than the median but not yet double it? Would you keep giving 10 percent until you hit the higher threshold, or do you have a gradual plan in mind?
My intention would be to gradually increase. So in the past I was earning just slightly above the median, but gave 15%. In general I think it’s good to have an idea of what income you’re comfortable with, and then increase donations significantly as you pass that point. But I set the bar really high here just because I’m aware that my perception of what is enough might change in different life-stages.
To be honest I think my model is super crude and probably not ideal, I would really like to see other models like this!
Thanks for sharing this. It is the first time for me to hear about this dynamic pledge.
You mention giving 10 percent once you earn the median income in your city, and 60 percent once you earn double the median. Have you also thought about what you would give between those two points, when you are earning more than the median but not yet double it? Would you keep giving 10 percent until you hit the higher threshold, or do you have a gradual plan in mind?
My intention would be to gradually increase. So in the past I was earning just slightly above the median, but gave 15%. In general I think it’s good to have an idea of what income you’re comfortable with, and then increase donations significantly as you pass that point. But I set the bar really high here just because I’m aware that my perception of what is enough might change in different life-stages.
To be honest I think my model is super crude and probably not ideal, I would really like to see other models like this!
Thanks for answering, makes sense.
@Philip Popien took the “Progressive Pledge”, whereby he gradually increases his pledged percentage upon any salary increase.