14 Frugal Millionaire Ways I Splurge My Money

14 Ways I Splurge My Money (as a Frugal Millionaire)

As a frugal millionaire, you might assume that my spending habits are tight and rigid, but that’s not entirely true. While I’m cautious with my finances, there are specific areas where I indulge a bit. In this post, I’ll dive into 14 things I love to splurge on, even with my frugal millionaire mindset. Growing up, I was incredibly frugal, often spending 90% of my energy on avoiding expenses. However, I’ve learned that some splurges are worthwhile, especially when you have disposable income. Let’s explore these 14 things that I consider worth every penny.

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1. A Luxurious Car

One of my more controversial splurges is a luxurious car. Not just any car, but one that oozes comfort and sophistication. My choice was the 2019 Range Rover SV Autobiography. This vehicle wasn’t purchased for speed or excitement; it was chosen for its unparalleled comfort. As a frugal millionaire, prioritizing comfort in your daily life, especially when traveling, can be incredibly rewarding. I paid around $135,000 for this car, and while it seems extravagant, the comfort and pleasure it provides make it a worthwhile investment. It’s a reminder that even as a frugal millionaire, treating yourself to comfort can significantly enhance your life.

2. Water Cooler/Heater

Another splurge that might seem minor but has had a big impact on my life is a water cooler/heater. I recently started getting water delivered to my home, and I couldn’t be happier. With the Brio water device I purchased, I can easily access boiling water for tea or cold, refreshing water at the push of a button. This might sound trivial, but it has actually improved my quality of life and reduced minor conflicts with my girlfriend over filling the Brita filter. Investing in a water cooler/heater was a small but impactful way to enhance daily convenience and harmony at home.

3. High-Quality Sunscreen

You might be surprised to learn that I splurge on high-quality sunscreen. Many people, especially men, often skip sunscreen, but I’ve found that a good sunscreen is essential. It might feel a bit awkward at first, but high-quality sunscreens protect your skin and prevent premature aging. At 31, maintaining healthy, youthful skin is important to me, and I’ve noticed that the better the sunscreen, the less noticeable it is on my skin. My frugal millionaire approach to skincare includes investing in products that keep me looking and feeling young.

4. House Cleaning Services

House cleaning is another area where I happily spend my money. We pay about $125 every two weeks for a comprehensive cleaning service. This equates to roughly $3,000 a year, which might sound like a lot, but the peace of mind it provides is invaluable. A clean house without the stress of doing it myself allows me to focus more on my business and other priorities. If you have the means, hiring a house cleaning service can be a fantastic investment in your mental well-being and productivity.

5. Three-Ply Toilet Paper

It might sound odd, but I’m a fan of three-ply toilet paper. With our apartment not allowing us to install a bidet, I’ve opted for the next best thing—luxurious toilet paper. The cost difference between high-quality and basic toilet paper isn’t significant, but the comfort it provides is noticeable. I get mine from Costco, which offers consistent quality at a reasonable price. Spending a bit more on something as basic as toilet paper enhances daily comfort, making it a small yet worthwhile splurge for this frugal millionaire.

6. Epidemic Sound Subscription

For those who are into content creation like I am, investing in a subscription to Epidemic Sound has been a game-changer. This platform provides an extensive library of over 35,000 tracks and 90,000 sound effects. The quality of the music and sound effects has significantly improved my content, helping it to stand out. Epidemic Sound’s service not only supports my YouTube channel but also offers a 30-day free trial for new users through the link in the description, making it a valuable tool for anyone serious about content creation.

7. Musical Instruments

Music has always been a significant part of my life, and investing in musical instruments is a splurge I embrace wholeheartedly. I’ve built up a collection of guitars and keyboards over the years. Music stimulates creativity and provides a productive outlet for relaxation. Whether it’s guitars, pianos, or studio equipment for music production, spending money on instruments and gear supports my passion and helps me improve my skills. If you have a hobby like this, don’t hesitate to invest in it.

8. Therapy

Therapy is another area where I choose to spend my money. I see a therapist weekly, and while it can be costly at $175 per hour, I view it as an investment in personal growth. Therapy helps me improve my emotional intelligence, communication skills, and overall well-being. Growing up in an environment where emotions weren’t prioritized, therapy has been crucial for me to develop better relationships and become a more rounded individual. If your health insurance covers therapy, it’s worth considering as an investment in yourself.

9. Music Festivals

Music festivals are another indulgence that I love. They provide an opportunity to experience new music, meet new people, and have a great time. Festivals like Coachella not only offer a fun escape but have also led to some of my most viral content. They’re a way for my girlfriend and me to bond, turning these events into memorable vacations. Although they can be expensive, the joy and inspiration they provide make them a worthwhile splurge for this frugal millionaire.

10. Software and Tools

Investing in software and tools is crucial for running my business efficiently. Tools like Tapio for LinkedIn, Hyperia for Twitter, and others such as Frame.io, ClickUp, Slack, and Loom help streamline operations and increase productivity. While the cost of these tools may add up, the return on investment is significant. If a software or tool can boost productivity and help grow your business, it’s a smart expenditure. This is an area where I find that spending a little extra can lead to substantial benefits.

11. Vacations

When it comes to vacations, I prefer spending money on experiences that immerse me in local culture rather than opting for overly expensive trips. I believe that travel broadens your perspective and enhances empathy. It’s a way to explore new cultures, foods, and landscapes, which keeps life exciting and fulfilling. Investing in travel not only enriches my life but also helps me stay open-minded and appreciative of the world’s diversity.

Maintaining good health is a top priority for me. I splurge on a gym membership at Equinox, which costs $360 a month. This might seem steep, but I value my fitness and the time I spend working out. Health is our greatest asset, and investing in it is always worth it. Spending money on health-related expenses, whether it’s gym memberships or other wellness activities, is a crucial part of my frugal millionaire lifestyle.

13. AirPods Max

Despite my frugal tendencies, I do splurge on AirPods Max. Good headphones enhance productivity and provide a better work environment. They help me stay focused and create a personal space where I can work efficiently. While I bought mine used to save money, the investment in high-quality headphones has been beneficial. For those who work online or remotely, investing in a good laptop and accessories like quality headphones can greatly improve your work experience.

14. Grocery Delivery

Grocery delivery services have been a major convenience for me. Apps like Instacart and other specialized grocery services save time and eliminate the hassle of shopping in-store. For a small extra fee, I can have groceries delivered to my door, which frees up time and reduces stress. As a frugal millionaire, spending a bit more on grocery delivery is a smart move to optimize time and mental energy.

Conclusion

These 14 splurges, though they might seem extravagant to some, add significant value to my life. As a frugal millionaire, I’ve learned that it’s okay to spend money on things that genuinely enhance my well-being and happiness. Whether it’s luxury cars or simple conveniences, investing in areas that improve your quality of life is worthwhile. Remember, it’s not about mindlessly spending money but rather making thoughtful choices that bring joy and comfort. If you find splurges that truly add value to your life, don’t hesitate to enjoy them.

Feel free to explore these ideas and consider how they might fit into your own life. After all, you deserve to enjoy the fruits of your labor, and making wise splurges can be a part of that. Thank you for joining me in this exploration of how a frugal millionaire spends money. If you found this post insightful, don’t forget to like and stay tuned for more personal finance and lifestyle content.

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What is the smartest way to build wealth?

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