Exactly. I have a somewhat beefy server that I continue to use just for personal things. Once you're well acquainted with self hosting, the successive time investment drops dramatically, and the rewards become substantial.

At this point, my server replaces:

    - A site host
    - Image host
    - Streaming video service (Netflix replacement)
    - File host (Dropbox replacement)
    - Build server
    - Git repository host
    - Proxy
    - Render server
    - Hosts all the random webapps I write
    - Game hosting

By spending my time, I not only get these services, but the expertise to manage and run other services. It's less rewarding in the short term, since I certainly didn't get all this right when I bought the thing, but at this point I am getting a ton of return on my invested time.