Reached 3cr NW today
38F. Have been working since I was 21. Come from a middle class family. Never in my wildest dream did I imagine I would be here. But yet, I can't seem to get out of my frugal mindset.
I love spending on my daughter and my mom. But I haven't bought anything for myself in a long time. Most of my clothes are over 10 yrs old (WFH job doesn't really require clothes for work and I don't really have a social life). My phone is over 5 years old. I look at my friends who are living their best life and get major FOMO but I can't spend on myself
This might be a weird question to ask here but I really need help. How do I get out of the frugal mindset? How do I tell myself its ok to spend on myself after I have saved every penny for over a decade? I recently went to a nice salon for a haircut where I spent 3k instead of 600 that I pay at my local salon and I felt enormously guilty. Everytime I want to spend on myself I can't stop checking out what that amt would add upto if I invested it. And this is only for myself. For my kid and mom, I don't mind spending. I spent over 60k on my kid's bday party this month and Idc abt it. But that 3k i spent on myself is making me feel guilty.
Any tips on how I stop feeling guilty for spending on myself? Do I need therapy to get out of this frugal attitude towards myself?
Edit 1: Thank you everyone who has taken the time to DM me/comment here and assure an internet stranger thst she isn't insane and encouraging me to start living for myself.
I also have a lot of DMs asking abt my asset allocation and financial journey, so here goes
Most DMs assume I am in tech. I am not. No fancy education, no fancy degrees.
Started working at a call center at age 21. Worked there a couple of years before moving to a small research organization. Stayed there for a long time, gained expertise in financial research which lead me to my first high paying job at Edelweiss at age 31. This kickstarted my investment journey. The experience and skills accumulated here gave me the opportunity to join an unicorn startup where I work directly with the founders on market and product research. No equity as the startup might not go public anytime soon.
Asset allocation is all over the place because I relied on wealth managers earlier in my journey. Over the last couple of years I started getting more financially literate and have started investing directly through zerodha
1.65 cr in mutual funds. Combination of funds suggested by my relationship/wealth manager and direct funds that I have started investing in
50 L : PMS
30 L: Structured products
25 L : FD
10 L : Equity
20 L : NCD
Edit 2: Please do not DM me asking me to be your sugar momma. It is disrespectful.