DollarBreak goal is to empower readers to make better financial decisions. This post may contain affiliate links from our partners who share the same vision. Disclosure.
We all deserve to have hobbies that help us relax and unleash our creativity. A recent study has shown that Americans have at least 4 ½ hours of free time each day. If you’re not engaging in hobbies, it’s certainly not for lack of time!
Most people’s hobbies include:
Aside from these common hobbies, there are some unique and exciting past times out there that come with outrageously high price tags. The vast majority of people won’t be able to engage with the 20 most expensive hobbies in the world. Us normals can only look on from the sidelines. Usually.
Fortunately, a little creativity and a willingness to hustle opens up a lot of opportunities for people. And, that same principle applies to the world of high-ticket hobbies. We’ve compiled a list of the 20 most expensive hobbies in the world and some creative strategies for engaging with these activities without selling your soul (and kidneys) to do it.
The 20 Most Expensive Hobbies In the World:
1. Ballroom dancing
Contrary to what we see on the TV shows, engaging in ballroom dancing takes more than just spending a couple of weeks learning a routine. You will need to spend big bucks on learning the intense movements that encompass both physical and emotional storytelling.
According to HobbyHelp, you’re looking at between $50-$200 per hour for lessons, while the costs associated with the competition can run as high as $30,000-$100,000.
2. Sky diving
This experience produces an adrenaline rush that most people dream of having at least once in their life.
If you’re interested in the magical hobby of sky diving, be prepared to part with as much as $24,000 per year to jump twice a week.
3. Scuba diving
While some love to explore the skies, others revel in discovering the secrets of the deep.
If you want to make a hobby out of scuba diving, this experience will cost you about $3,000 per trip—more if you plan to travel to exotic dive spots.
4. Exotic pets
The vast majority of rich people these days seem to want something more than your ordinary dogs and cats as pets. Instead, they are using white lion cubs, tigers, octopuses, etc. to fill the role of man’s best friend.
If you want to engage in such a hobby, you can get an exotic pet for between $150,000 and $315,000. Oh, and don’t forget the license to own such a pet, as well as training, professional handlers, and all the paraphernalia required to keep your wild animals happy, fed, and safe.
5. Yacht racing
If you happen to have a yacht lying around, yacht racing might seem like an attractive past time. This is a favorite engagement of the rich and famous.
But, considering that boats in this category range from between $2 million to around $800 million, depending on the level of luxury involved, this is one costly hobby!
6. Mountain climbing
Few hobbies offer the thrills you can get from climbing the highest peaks in the world.
If you want to engage in mountain climbing and climb towards the Everest, you’re looking at a cost of starting from $35,000, which includes the guides who will ensure your safety and success on your journey to the summit.
7. Ice sculpting
Sculpting ice requires a lot more than just skill and talent. You will also need high-ticket, specialized equipment that will allow you to easily cut through the ice to bring out the art within.
Also, there are expensive courses to complete, and you’re looking at about $375 for a single block of ice!
8. Model railroading
Contrary to what many believe, model railroading is quite an expensive hobby. With a single piece of a set costing up to $300, can you imagine what you would pay for the entire thing?
If your heart is set on this hobby, get ready to fork out some real moola for an impressive train set.
9. Car racing
Although it looks exciting, this hobby can quickly burn holes in your pockets. Cars used in such races usually range from between $3,000 and $20,000.
There’s also the cost of maintenance to consider, as well as the car’s racing fee.
10. Collecting cars
This is a super expensive hobby that involves collecting not just cars, but also all types of parts and tools to keep them running. Not surprisingly, only a few of the richest souls engage in this pastime.
Collectible cars start from about $300,000 and range to models worth millions.
11. High stakes poker
High stakes poker is an attractive game with a high entry threshold. It’s an exciting pastime that only the rich can afford. You’ll have to be skilled at the game, and willing to lose all the money on the table.
High stakes games can start with $300-$600 blinds and include a $100 ante.
12. Hot air balloons
If you’re not afraid of heights or shelling out thousands of dollars, this hobby could be perfect for you. That is if you can spare about $45,000 for a hot air balloon.
In addition, you’ll need about $3,500 for the flight institute that you must attend, as well as money to pay the crew.
13. Traveling the world
Most people dream of being able to see more of the world than the little corner they were born in. If you want to travel the world, you can expect a cost of about $20,000 to $30,000 for each person traveling the world for a year.
FrugalForLess, states that this figure can be much lower if you’re willing to sacrifice on luxury and comforts.
14. Antique collecting
This is an amazing hobby that is practiced by a lot of people. However, most rare antiques come with an extremely high price tag.
You’ll need about $10,000 or more to get your collection started, which puts this type of hobby way above the reach of many ordinary folks.
Horse riding is typically a hobby reserved for the wealthy. With an average horse costing about $5,000 to $100,000, not to mention its maintenance, you can see why equestrianism has a reputation for outrageous price tags.
16. Country clubbing
This is a great way for destressing and relaxing. As reported by CountryInc, if you want to be able to enjoy yourself at the local country club, then be prepared to part with between $5,000 and $250,000 per year in membership fees.
Not everyone can afford this, which is why these clubs remain so exclusive.
17. Home aquaria
While most homes have had a fishbowl or tank at one time or another, full-scale home aquaria takes things to a whole new level.
You can get a decent-sized aquarium set up for about $2,000, or you can get the Dinosaur Gold Aquarium for $4,8 million and keep rare fishes, octopi, etc.
18. Flying a plane
Almost everyone has a fantasy of being able to fly like a bird. Since we can’t grow wings, the next best thing is to invest in flying lessons so you can pilot a plane yourself.
Aviation lessons will set you back about $7,000. A license costs $5,000, and you can buy a plane for between $15,000 and $200,000.
19. Art collecting
As a collector of art, you will need to spend quite a bit of money on acquiring pieces from noted artists and up and coming talent from around the world.
Pieces of art like that fit your collection can be worth anywhere from $250,000 to millions.
20. Speedboat racing
Last, but certainly not least, we have the popular hobby of speed boat racing. If you feel like forking out between $50,000 and $600,000 for a speedboat you might crash the first time you race it, then this is definitely the sport for you!
How to Afford Expensive Hobbies:
Not all the hobbies on this list can be accessible to everyone, but there are some ways that you can try the ones you want to experience without breaking the bank.
Outlined below are some of the best money-saving tips that you can use to enjoy the adventure of your dreams.
– Rent the equipment you need, rather than buying it.
For most hobbies, especially things like scuba diving and skydiving, it makes more sense to rent the fancy gear instead of splurging on a kit of your own.
Find out more information about renting the equipment you need from your local shops or instructors.
– Search for deals and discounts.
For anyone who wants to get a high-priced experience without the accompanying price tag, it’s always a good idea to search for discounts first.
Look to sites like Groupon, where you are likely to find amazing deals on the types of activities you want to try.
– Buy used equipment.
If you absolutely must buy equipment, one of the most frugal things you can do is avoid buying brand new items.
You’ll probably be able to find significantly discounted prices for pre-owned gear.
– Don’t get optional gear.
It’s easy to fall prey to gimmicks that will have you splurging on bells and whistles you don’t actually need to pursue your new hobby.
If you manage to stick with the hobby, you can always treat yourself later on.
– Borrow whenever you can.
Although we’re not advocating that you become a chronic borrower, you’ll still be able to contact fellow adventure enthusiasts to borrow some of their equipment once in a while.
Best Way to Spend Money Is To Buy Experiences
If you’re ready for some amazing adventures, then use this list as your ultimate resource for pricey pastimes!
Looking for ways on how to make money from hobbies? Check out 49 Surprising Hobbies That Make You Real Money: 2020 Guide.