5 Expensive Hobbies

AAA

What is your favorite hobby? Do you like building those little ships in the bottle or collecting dolls? Maybe you're a baseball card collector or you like to buy cheap items at garage sales and fix them up for resale? Maybe your hobby seems like it takes a lot of your money, but it's likely cheap compared to some of the most expensive hobbies. Calculating costs can be difficult since it is highly dependent on the person's level of immersion in his or her hobby, but what is for certain is that if you're going to make these your after-work passions, it's going to take some giant-sized funds.

Ballroom Dancing

You may have seen the hit TV series "Dancing with the Stars" which has brought awareness to competitive ballroom dancing, but did you know that a dress alone can cost a few hundred all the way to a few thousand? Add to that competition fees, dance lessons, transportation, lodging, and other associated expenses and you may spend more than $10,000 in just one year. For those who are recreational instead of competitive, the costs are much lower.

Aviation

The cost of obtaining your private pilot's license may be $5,000 or less depending on a variety of factors, but that's just the start of the investment. Purchasing a plane will likely cost $100,000 or more causing most pilots to join a flying club where they rent a plane for a specified period of time. Along with club membership, hourly rental may cost $80 per hour or more. There are many variables that affect the price, but one thing is for certain: flying is expensive.

Sky Diving

Paying $150 to $250 for a single dive may not be expensive, but when you consider that the actual jump is only about one minute, the price is exceedingly high. The best way to drop the price is to become certified, experts say. Certification can cost as little as $1,500 and may drop the per jump price to $20.

Mountain Climbing

Not only is mountain climbing physically dangerous, but it's financially dangerous as well. Climbing Mount Everest will cost between $8,000 and $13,000 depending on the type of camping and climbing gear you choose to purchase. Add to that guide fees, permits, and other associated costs and you have an expensive adventure.

Scuba Diving

The cost of equipment is a modest $500, and certification is another $300 to $500. For those who are serious about their scuba, only the most picturesque, exotic locations will do. If you're able to avoid the $1,500 or more plane ticket to get you to such sites like the Great Barrier Reef, your scuba hobby may not be as budget-busting as it could, but how long will the local lakes be enough?

Conclusion

These hobbies are very expensive, but that hasn't stopped people from taking part in them. Some enthusiasts invest thousands and thousands of dollars into these pastimes.
Related Articles
  1. Budgeting

    5 Expensive Hobbies

    Not every hobby requires you to dig deep into your pockets, but some pursuits are far more expensive than others. Here are five hobbies that can cost a lot.
  2. Investing

    How Investors are Thinking about Climate Risk

    Learn about the four macroeconomic trends focusing on climate risk and sustainability discussed in the most recent Paris summit.
  3. Stock Analysis

    A Closer Look at FedEx

    Despite being poised to profit from the rise of globalization and e-commerce, FedEx faces its share of challenges. We take a look at this logistics giant.
  4. Entrepreneurship

    Why Entrepreneurs Are Important for the Economy

    This article discusses the importance of entrepreneurs and their important value-add to the economy of a state.
  5. Stock Analysis

    4 Popular Technology Stocks in 2015 (FB, NFLX)

    Discover the four most popular tech stocks of 2015, including the well-loved purveyor of trendy and functional high-end electronics, Apple Inc.
  6. Investing

    The Topic We Should All Be Paying Attention to

    As the December Federal Reserve (Fed) meeting nears, discussions and speculation about the precise timing of Fed liftoff are certain to take center stage.
  7. Personal Wealth & Private Banking

    Finding the Right Yacht Club: A Quick Guide

    Hello, Commodore! Everything you ever wanted to know about these gathering sites for boat owners and renters, and how to do a shipshape search for one.
  8. Investing

    10 Cheap Vacations for the Ultimate Foodie

    If you are a foodie then explore one of these destinations in 2016.
  9. Budgeting

    Six Most Popular Hobbies You Can Do For Free

    Does your budget not allow you to have expensive hobbies? Here are six great ideas for occupying your free time without spending money.
  10. Professionals

    Alternatives: Will a Market Correction Lift Them?

    When were are surging, advisors and their wealthy clients asked why they should bother with lagging alternatives. Will that change with a correction?
Hot Definitions
  1. Super Bowl Indicator

    An indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in ...
  2. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  3. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
  4. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ...
  5. Quarterly Earnings Report

    A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ...
Trading Center