A 30-year-old with a monthly passive income of $27,000: 5 things I won't spend money on.

In April 2020, I launched my lifestyle brand DomoINK as a means to further my artistic pursuits.

Four years ago, I started a business that celebrates diversity and now earns me $27,000 a month in passive income at age 30. The brand offers art, home décor, apparel, and gifts, and recently launched a hair accessories line in partnership with Goody Tru at Walmart. It has been featured in stores and online at Target, HomeGoods, Macy's, and Urban Outfitters.

Despite earning a substantial income through passive means, I maintain a frugal lifestyle by constantly seeking out bargains, discounts, and ways to save money.

Here are five things I refuse to spend my money on:

1. Alcohol

I've been fortunate not to develop a taste for alcohol, as it never appealed to me. Consequently, I've never felt the need to drink to unwind, which has saved me money when socializing, as alcohol can be quite expensive.

2. Luxury designer items

Although I have the financial means to purchase designer clothing, I opt not to. My remote work setup has shown me that I don't need an extensive wardrobe, and I typically prefer comfortable clothing, such as sweatpants, on most days.

I rarely wear my designer clothes because it's not financially smart to buy them.

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3. Casinos

I reside in California and am close to Las Vegas, but I have no desire to engage in gambling.

I observed many friends and family members lose more money than they earned at casinos, which made me lose interest when I turned legal age.

I prefer to invest my money in the stock market, which has a track record of delivering strong returns.

4. Extended warranties

Through experience, I learned that extended warranties on products often have a lot of fine print, exclusions, and limitations that can make it difficult to use them when needed, so they usually don't provide much value in the long run.

Although I bought extended warranties for my furniture when I moved into my home, the repair of my couch was not covered when it started tearing. Now, I save money each month to cover any repairs or replacements needed.

5. Manicures and pedicures

I spent over $150 monthly on salon manicures and pedicures prior to the pandemic.

Since the pandemic, I have learned to cut, shape, and decorate my nails on my own at a lower cost, and I haven't been to a nail salon since.

After purchasing $60 worth of supplies, including a UV LED nail lamp and gel nail polish set, I have become proficient in doing my own manicure and pedicure after practicing for a few months.

Domonique Brown is an artist and the founder of DomoINK, a lifestyle brand that celebrates diversity and empowerment through art, apparel, and home decor. Follow her on Instagram and TikTok.

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