Expensive hobbies and possessions? (B/c you can...)

Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities
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Kevin21
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by Kevin21 » Fri Apr 04, 2014 10:36 am

I enjoy buying vintage pieces of furniture in poor condition on the interwebs, and restoring them back to health with my current set of Woodworking skills. I am taking a few more classes to improve my skills.

I am also signed up for classes in the trades -- Carpentry, Plumbing, Wiring, and (even Architecture)... I LOVE THIS STUFF!! God bless the local community college.

Next up, I hope to also learn a bit more about metalworking.... If I can afford it. This is where all the fun money goes these days, but I hope that this is an investment in enjoying life, and I also can one day see a monetary return as well.

motodoc42
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Location: Tennessee

Re: Expensive hobbies and possessions? (B/c you can...)

Post by motodoc42 » Fri Apr 04, 2014 5:19 pm

Motorcycles: :moneybag
I'm 72 and started as a novice rider at 50. Since then I've logged almost 200,000 blue highway miles. My current ride is a Honda GL1800 that I just spent a bundle on upgrading it's front and rear suspension. Worth every penny. I've owned Honda's (CB750, ST1100A, VFR 750 GL1800), a Suzuki dl650, and my favorite of all, a 97 Moto Guzzi Sport 1100i.
Riding a motorcycle well and safely requires not only a large investment in equipment, protective riding gear and training, but a large investment of time.
Would I do it again? You bet I would.

Motodoc42

Caduceus
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by Caduceus » Sun Apr 06, 2014 6:15 am

Shoes. IMO very important for any mans wardrobe. I buy 300-$400 Allen Edmonds, or other handmade shoes. I think they are worth it, but its very hard for me to find a comfortable pair of high end pair of shoes. In the past 12 months I bought 4 pairs of AE and only one are comfortable, of course I didnt figure this out before wearing them on the street.
You can actually get Allen Edmonds factory seconds direct from Allen Edmonds, I think.
Last edited by Caduceus on Tue Oct 06, 2015 10:50 pm, edited 1 time in total.

health teacher
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by health teacher » Sun Apr 06, 2014 7:36 am

Pre-cut fruit from the grocery store. Not particularly expensive, but costly realitive to the whole fruit alternative. Other than that, there isn't much that the wife and I purchase that doesn't go through a quick cost/value analysis.

I also pay $500 + each year to play competive inline hockey, but I value this tremendously. Oh yeah, craft beer too.

avalpert
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by avalpert » Sun Apr 06, 2014 11:49 am

jackpullo997 wrote:What are some expensive hobbies you enjoy?
What are some expensive things you own?
B/c you're BH but for some things, you want the very best, b/c you can...
Travel, scuba and flying (private pilot, cessna 172s) are my most expensive hobbies. Though, while I spend a decent amount on travel, I travel very cost efficiently so get much greater value for the money than most.

I don't really own any truly expensive things, though if I get to the point where I am flying enough hours a year I may end up buying a plane instead of the rental/share arrangement I use now.

bluelight
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by bluelight » Sun Apr 06, 2014 10:04 pm

Our weekend drive car, a Porsche Cayman. We live in a modest home and our daily drivers are a 2002 Pathfinder (mine) and a 2006 Rav4 (hubby's). We purchased it in Sept of 2013, after looking for awhile we found a great deal on a late model CPO car.

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NORDO
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by NORDO » Sun Apr 06, 2014 11:02 pm

I'm a private pilot. Even though I certainly spend far less per year on aviation than many other folks, it still ain't cheap.

That pretty much covers my entire hobby budget... :shock:

We do enjoy traveling a bit as well - not the same category per se but it obviously comes from the same pot. Like avalpert said above, we tend to shop for deals / redeem miles and points where appropriate to get the best bang for our buck.
oysterboy wrote:A first-class wine collection that is now in the early stage of a "safe withdrawal rate".
Premium food ingredients for cooking, though this is offset, probably entirely, by our reduced frequency of dining out since I retired and got serious about cooking.
High-end photography equipment, which brings me enormous pleasure.
I can put a +1 on much of this - though we're nowhere near retired. We really enjoy good food and wine and cook a lot - it's far cheaper to make a gourmet meal with a good bottle (or two) of wine at home. Compared to many folks we know, I'd venture a guess that we spend thousands per year less on food. Enjoy photography as well and my collection's slowly growing.

HIinvestor
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by HIinvestor » Tue Apr 08, 2014 2:38 pm

We enjoy dining out and travel. Usually take 4 or more major trips every year that last 10-22 days. My running a nonprofit is also an expensive hobby, which I enjoy.

leo383
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by leo383 » Tue Apr 08, 2014 6:54 pm

Electric bass guitars and amps.

I have 9 bass guitars and three amp setups. Probably have about $7-10K wrapped up in all of it. Really, nothing else I do costs all that much.

bernie
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by bernie » Tue Apr 08, 2014 7:14 pm

Just purchased Calfee carbon tandem bicycle with electronic shifting, hydraulic discs brakes, custom paint. My daughter was into horses during high school, and my cycling hobby is cheap compared to anything to do with horses :moneybag

enebyberg
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by enebyberg » Tue Apr 08, 2014 7:15 pm

Numismatics, geology, history and collecting European and American historical artifacts.

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gnosis
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by gnosis » Tue Apr 08, 2014 7:46 pm

2013 BMW 335i
Organic/healthier foods, including pasture-raised meats
Expensive meats e.g. filet mignon, king salmon, halibut
Decent liquors, especially scotch
Belgian beers
Dining out
Resort vacations

Minot
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by Minot » Tue Apr 08, 2014 8:07 pm

Image

My 2002 Sportsmobile camper-van, which I bought with about 1/2 of an unplanned for inheritance, and in which I spent most of 2005, after I sold my home, traveling in western US and Canada. $$ well spent.

avalpert
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by avalpert » Tue Apr 08, 2014 8:12 pm

gnosis wrote: Decent liquors, especially scotch
Have you discovered Caskers (http://caskers.com/welcome) yet? It has occasionally great deals and consistently good deals on some hard to find selections.

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gnosis
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by gnosis » Tue Apr 08, 2014 8:17 pm

Minot wrote:Image

My 2002 Sportsmobile camper-van, which I bought with about 1/2 of an unplanned for inheritance, and in which I spent most of 2005, after I sold my home, traveling in western US and Canada. $$ well spent.
:thumbsup ... but what is that addition on the top? Is that a hot tub? A raised roof to accomodate a stand-up shower stall?

Minot
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by Minot » Tue Apr 08, 2014 8:39 pm

gnosis wrote:
Minot wrote:Image

My 2002 Sportsmobile camper-van, which I bought with about 1/2 of an unplanned for inheritance, and in which I spent most of 2005, after I sold my home, traveling in western US and Canada. $$ well spent.
:thumbsup ... but what is that addition on the top? Is that a hot tub? A raised roof to accomodate a stand-up shower stall?
Sportsmobile calls it the penthouse top. You raise it when you get to the campground, and lower it for driving. It provides 6'10"of head room, and allow an "upstairs" bed-- and great ventilation. See more at http://www.sportsmobile.com/1_penthouse-top.html

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gnosis
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by gnosis » Wed Apr 09, 2014 8:02 pm

avalpert wrote:
gnosis wrote: Decent liquors, especially scotch
Have you discovered Caskers (http://caskers.com/welcome) yet? It has occasionally great deals and consistently good deals on some hard to find selections.
I have not. Thank you, it looks like fun!

avalpert
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by avalpert » Wed Apr 09, 2014 8:32 pm

gnosis wrote:
avalpert wrote:
gnosis wrote: Decent liquors, especially scotch
Have you discovered Caskers (http://caskers.com/welcome) yet? It has occasionally great deals and consistently good deals on some hard to find selections.
I have not. Thank you, it looks like fun!
My pleasure - I didn't even consider whisky as something that could be considered expensive, it is the water of life after all.

Atgard
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by Atgard » Wed Apr 09, 2014 9:17 pm

iwishiwasaballer wrote:Hobbies with expensive start-up costs - photography, mountain biking, (automotive) track days
All this has changed now that we have a 5-month old baby.
For me, the expensive photography hobby started BECAUSE of the new baby. Definitely worth it when I look at my improvement as a photographer and the family pics I get out of it. And, being a Boglehead, I bought most of my gear used and got good value out of it. Becoming a better photographer is cheaper and more effective than buying more expensive gear!

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Rob5TCP
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by Rob5TCP » Wed Apr 09, 2014 9:21 pm

My most expensive hobby is photograph/photogravure collecting. Most are from 1890 - 1930/1940.
The upside is that, over time, most are worth far more than I paid.
Today that's much harder to do. Prices are high and auction houses get 20-22+% on both buying
and selling. Add in the sales tax and you would lose 50% if you turned around and sold.

I bought/buy what I like. The fact that most increased in value was a bonus.
When I started the auction houses charged 15% and prices were about 1/4 to 1/2 of
what they are today.

I do buy/trade privately with other collectors and that does help.

busterk
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by busterk » Thu Apr 10, 2014 3:19 am

I collect and play 'ukulele. Have three vintage Martins, vintage Kamaka pineapple, and a vintage Kumalae. Even have a 1950's plastic Maccaferri 'uke.

wearymicrobe
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by wearymicrobe » Thu Apr 10, 2014 4:50 pm

busterk wrote:I collect and play 'ukulele. Have three vintage Martins, vintage Kamaka pineapple, and a vintage Kumalae. Even have a 1950's plastic Maccaferri 'uke.
Same here though I had serious UAS "ukulele Acquisition Sickness" for a while and have some really high dollars custom ones for when I gig. One imagines the Viper's and the Ferrari's are extravagant but I don't really lose money on those when I sold them.

KlangFool
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by KlangFool » Thu Apr 10, 2014 6:14 pm

Gourmet coffee and tea. Dining out.

KlangFool

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ResearchMed
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by ResearchMed » Thu Apr 10, 2014 6:22 pm

My long-time personal trainer, but now coming to the house early in the morning.

It's the only way I could get DH to do this regularly, even though his intentions were always "tomorrow, definitely" :wink:

This is something we consider partly a health-mandated activity. The luxury, of course, is having someone walk in the door at a time of our choosing.

(Yes, there are numerous mornings, especially in the winter when it is still dark, when we joke: "Let's lock him out and just go back to sleep" :twisted: )

He's in terrific shape now, and has lost a significant amount of weight. That makes it all very worthwhile.

RM

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Lucky Lemon
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by Lucky Lemon » Thu Apr 10, 2014 6:48 pm

KlangFool wrote:Gourmet coffee and tea. Dining out.

KlangFool
Hawaiian coffee. Particularly if I can pick it up in person. :happy
If the women don't find you handsome, they should at least find you handy. - Red Green

flyingaway
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by flyingaway » Thu Apr 10, 2014 10:11 pm

Playing slot machines at casinos.

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danwhite77
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Re: Expensive hobbies and possessions? (B/c you can...)

Post by danwhite77 » Thu Apr 10, 2014 10:34 pm

Skiing. For a family of six.
"While some mutual fund founders chose to make billions, he chose to make a difference." - Dedication to Jack Bogle in 'The Bogleheads' Guide to Investing'.

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