http://www.patheos.com/blogs/rogerwolsey/2014/01/16-ways-progressive-christians-interpret-the-bible/
I especially like 6, 9, and 15.
6. We realize that there is no “objective, one, right way” to interpret a passage – and we recognize that there is no reading of any text – including the Bible – that doesn’t involve interpretation. We also realize that each person interprets the text via their own personal experiences, education, upbringing, socio-political context, and more.
9. We seek to read passages in context – within their chapter, within their book, within their genre, and within the over-arching thrust of the Bible.
15. We do as much of the above as we can with fellow Christians in community with others. We avoid doing it solely as a solo endeavor. (We also tend to be open to doing this in community with Jews and Muslims, as fellow “people of the Book” whose insights are often invaluable)
Image source and full article: http://www.patheos.com/blogs/rogerwolsey/2014/01/16-ways-progressive-christians-interpret-the-bible/