Having a savings target seems important. (Not financial advice.)
I sometimes hear people in/around EA rule out taking jobs due to low salaries (sometimes implicitly, sometimes a little embarrassedly). Of course, it's perfectly understandable not to want to take a significant drop in your consumption. But in theory, people with high salaries could be saving up so they can take high-impact, low-paying jobs in the future; it just seems like, by default, this doesn't happen. I think it's worth thinking about how to set yourself up to be able to do it if you do find yourself in such a situation; you might find it harder than you expect.
(Personal digression: I also notice my own brain paying a lot more attention to my personal finances than I think is justified. Maybe some of this traces back to some kind of trauma response to being unemployed for a very stressful ~6 months after graduating: I just always could be a little more financially secure. A couple weeks ago, while meditating, it occurred to me that my brain is probably reacting to not knowing how I'm doing relative to my goal, because 1) I didn't actually know what my goal is, and 2) I didn't really have a sense of what I was spending each month. In IFS terms, I think the "social and physical security" part of my brain wasn't trusting that the rest of my brain was competently handling the situation.)
So, I think people in general would benefit from having an explicit target: once I have X in savings, I can feel financially secure. This probably means explicitly tracking your expenses, both now and in a "making some reasonable, not-that-painful cuts" budget, and gaming out the most likely scenarios where you'd need to use a large amount of your savings, beyond the classic 3 or 6 months of expenses in an emergency fund. For people motivated by EA principles, the most likely scenarios might be for impact reasons: maybe you take a public-sector job that pays half your current salary for three years, or maybe you'
Any hints / info on what to look for in a mentor / how to find one? (Specifically for community building.)
I'm starting as a national group director in september, and among my focus topics for EAG London are group-focused things like "figuring out pointers / out of the box ideas / well-working ideas we haven't tried yet for our future strategy", but also trying to find a mentor.
These were some thoughts I came up with when thinking about this yesterday:
- I'm not looking for accountability or day to day support. I get that from inside our local group.
- I am looking for someone that can take a description of the higher level situation and see different things than I can. Either due to perspective differences or being more experienced and skilled.
- Also someone who can give me useful input on what skills to focus on building in the medium term.
- Someone whose skills and experience I trust, and when they say "plan looks good" it gives me confidence, when I'm trying to do something that feels to me like a long shot / weird / difficult plan and I specifically need validation that it makes sense.
On a concrete level I'm looking for someone to have ~monthly 1-1 calls with and some asynchronous communication. Not about common day to day stuff but larger calls.