Five years ago I tried getting super extra real and that was okay but meant turning into a plant which isn’t going to work because at the end of the day humans are glory seekers and celebrators and if you want people to change you have to be better than they are at the things they value so I’ll have done my part when I’m rich and then living a more optimistic phrossack and El mac approach of being the change you wish to see.
I don't really have a problem with 'get rich first, then do good'. First off, I think it's important to be able to fund your retirement. Secondly, the 'limit your harm' still kicks in. You get rich by avoiding wasteful consumption, and are putting the money into savings instead of into something else. Eventually, your savings should grow to the point where you can earmark a larger portion of your labour and income into making the change. It's similar to the Warren Buffet idea; make mad cash and then donate the mad cash.
I tend to view investments a bit differently, because I got into economics
after I was in finance. My savings can earn a return, let's <handwave> call it 5% after tax. Any dollar I save can become even more money donated later. But I think that there are areas of charitable investment that can
vastly outperform the 5%, in real terms. If I can find an area that creates 6% compounding benefits
, I am better donating those dollars
now. This is sometimes harder, because it's is
easy to commodify my investments. My $100 saved creates a $5/yr income stream that buys 2 loaves of bread for the Food Bank. Meanwhile, funding a $200 cavity filling now prevents a $1500 root canal later. So, I spent $200 to save $1500. It's an amazing return-on-investment, but it's also hella hard to calculate when it's far away. But I believe in compounding returns, and so I believe in the compounding-return
potential available today.
Another nice thing about earmarking a few hours' wages, is the idea of comparative advantage. I am NOT built for fighting polio. But, because of comparative advantage, my 'hourly donation' (of my wage) is
very similar to my output if I'd just gone and
worked on polio for that hour. From 8 am until 2 pm on the first of every month, I'm working for the things that I care about