You're looking at Less Wrong's discussion board. This includes all posts, including those that haven't been promoted to the front page yet. For more information, see About Less Wrong.

ZeitPolizei comments on Open Thread, Jul. 27 - Aug 02, 2015 - Less Wrong Discussion

5 Post author: MrMind 27 July 2015 07:16AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (220)

You are viewing a single comment's thread.

Comment author: ZeitPolizei 28 July 2015 12:39:55AM 4 points [-]

Donating now vs. saving up for a high passive income

Is there any sort of consensus on whether it is generally better to (a) directly donate excess money you earn or (b) save money and invest it until you have a high enough passive income to be financially independent? And does the question break down to: Is the long term expected return for donated money (e.g. in terms of QALYs) higher than for invested money (donated at a later point)? If it is higher for invested money there is a general problem of when to start donating, because in theory, the longer you wait, the higher the impact of that donated money. If the expected return for invested money is higher atm, I expect there will however come a point in time where this will no longer be the case.

If the expected return is higher for immediately donated money, are there additional benefits of having a high passive income that can justify actively saving money? E.g. not needing to worry about job security too much...

Comment author: RomeoStevens 28 July 2015 06:23:42AM *  4 points [-]