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What’s something you own that has truly paid for itself?
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Agreed. People might balk at the cost of some tools, but generally, if you are doing a project that's within your comfort zone, you might only need 1 or 2 more tools.
Oftentimes, tools will pay for themselves in 1 job when compared to the cost of hiring someone. An example job I was thinking of is installing crown molding. It looks like based on a rough estimate of the measurements of a normal house, materials might $1000 for cheap wood. You could get a nailer and miter saw for less than $500. Compare that to an online calculator that estimates $4,000-$6000 to pay someone to do it.
Renting tools is occasionally the way to go, but renting for a week often costs more than just buying the tool. A rental tool might be a better brand, but unless you are using it every day, you don't need that level of durability.