Special Report

The Most Expensive Hobbies

People often sink lots of time into their hobby, developing new skills and mastering their chosen craft or activity. While some people enjoy pastimes like hiking that are easy to get into for anyone, others opt for hobbies that can become quite expensive.

Casual skiers may only go once or twice per season, renting equipment and paying for day passes. But for those enthusiasts who make skiing a part of their lifestyle and hit the slopes multiple times per week, it makes more financial sense for the skier to get their own equipment and buy an expensive season pass.

To determine the most expensive hobbies, 24/7 Wall St. considered dozens of different pastimes and selected those with a high financial barrier to entry. For instance, fishing hobbyists can spend thousands of dollars on top-of-the-line rods, reels, and equipment, but there are plenty of fishermen that use relatively inexpensive equipment as well. Yet a hobby like water skiing requires access to a boat, fuel, and skis — which are expensive when all tallied up.

Some people are willing to spend hundreds and even thousands of dollars on their hobby just for the sake of enjoyment. Certain hobbyists are adept enough that they can actually become professional and start profiting off of their hobby instead of paying for it. These are the hobbies you can actually make money from.

Many hobbies involve physical activity like skiing or playing sports. Others are artistic, like sculpting or painting. But among the most popular hobbies are different types of collecting — sneakers, baseball cards, stamps, coins, and more. Perhaps the most exclusive of these is car collecting. Top car collectors amass garages full of high-end sports cars, classic muscle cars, and other automotive rarities. While most people could never spend six figures on a vehicle, these collectors have done so many times over. These are the most outrageous car collections in the world.

Click here to see the most expensive hobbies.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.