For what it’s worth, I think saving up runway is a no brainer.
During my one year as a tech consultant, I put aside half each month and donated another 10%. The runway I built made the decision for me to quit my job and pursue direct work much easier.
In the downtime between two career moves, it allowed me to spend my time pursuing whatever I wanted without worrying about how to pay the bills. This gave me time to research and write about snakebites, ultimately leading to Open Phil recommending a $500k investment into a company working on snakebite diagnostics.
I later came upon great donation opportunity to a fish welfare charity, which I gave a large part of my runway to and wouldn’t have been able to support if I had given all my money away two years prior.
Had I given more away sooner I think it would be clearer to myself and others that I was in fact altruistically motivated. I also think my impact would have been lower. Impact over image.
EDIT: Actually it’s probably a some-brainer a lot of the time, seeing as I currently have little runway and am taking a shoestring salary. The reason I take a shoestring salary is to increase my organization’s runway, which is valuable for the same reasons that increasing one’s personal runway is. You don’t have to spend as much time worrying about how your org is going to pay the bills and you can instead focus on impact.
For what it’s worth, I think saving up runway is a no brainer.
During my one year as a tech consultant, I put aside half each month and donated another 10%. The runway I built made the decision for me to quit my job and pursue direct work much easier.
In the downtime between two career moves, it allowed me to spend my time pursuing whatever I wanted without worrying about how to pay the bills. This gave me time to research and write about snakebites, ultimately leading to Open Phil recommending a $500k investment into a company working on snakebite diagnostics.
I later came upon great donation opportunity to a fish welfare charity, which I gave a large part of my runway to and wouldn’t have been able to support if I had given all my money away two years prior.
Had I given more away sooner I think it would be clearer to myself and others that I was in fact altruistically motivated. I also think my impact would have been lower. Impact over image.
EDIT: Actually it’s probably a some-brainer a lot of the time, seeing as I currently have little runway and am taking a shoestring salary. The reason I take a shoestring salary is to increase my organization’s runway, which is valuable for the same reasons that increasing one’s personal runway is. You don’t have to spend as much time worrying about how your org is going to pay the bills and you can instead focus on impact.