I fit 3/4 items of that profile. I am 62, have a sewing room (in which I have a futon so it serves as a second guest room), and probably have nearly that much invested in fabric, thread, batting, etc. (at $8-9/yd it doesn't take long to add up to $3500; but I don't think my quilting/sewing tools total $8500. I have several (well, five) sewing machines but they are all old or, if newer, not expensive ones. Other items are primarily necessities with only a few extras thrown in.