I have different approach. I got Spotify Premium, so I have access to all the music I listen to. When Taylor Swift pulled her songs from the service I said to myself: "I'm not going to bother, I don't have to listen to her songs anymore!". I have same approach with Netflix, if a movie or TV series is not there, I don't watch. I don't feel entitled to listen/watch content that is outside of the services I pay for.
My approach costs less and keeps my free time free from stress. On the other hand if you do enjoy making a private streaming service for your friends and family then by all means, but try justifying your effort better.