“Voluntary Salary Reduction” by Jeff Kaufman 🔸

<p> Until recently I thought Julia and I were digging a bit into savings to donate more. With the tighter funding climate for effective altruism we thought it was worth spending down a bit, especially considering that our expenses should decrease significantly in 1.5y when our youngest starts kindergarten. </p><p> I was surprised, then, when I ran the numbers and realized that despite donating 50% of a reduced income, we were $9k (0.5%) [1] richer than when I left Google two years earlier. </p> <p> This is a good problem to have! After thinking it over for the last month, however, I've decided to start earning less: I've asked for a voluntary salary reduction of $15k/y (10%). [2] This is something I've been thinking about off and on since I started working at a non-profit: it's much more efficient to reduce your salary than it is to make a donation. [...]</p> <p>---</p> <p><b>First published:</b><br/> January 15th, 2025 </p> <p><b>Source:</b><br/> <a href="https://forum.effectivealtruism.org/posts/3TLTrJS2DZJ5mcrkc/voluntary-salary-reduction?utm_source=TYPE_III_AUDIO&utm_medium=Podcast&utm_content=Source+URL+in+episode+description&utm_campaign=ai_narration" rel="noopener noreferrer" target="_blank">https://forum.effectivealtruism.org/posts/3TLTrJS2DZJ5mcrkc/voluntary-salary-reduction</a> </p> <p>---</p> <p>Narrated by <a href="https://type3.audio/?utm_source=TYPE_III_AUDIO&utm_medium=Podcast&utm_content=Narrated+by+TYPE+III+AUDIO&utm_term=ea_forum&utm_campaign=ai_narration" rel="noopener noreferrer" target="_blank">TYPE III AUDIO</a>.</p>