I am only 47 so I must be a "young" quilter. No, I do not have that $ amount of tool supplies yet. And I am thrifty when I buy them--I use coupons at JoAnns to buy my quilting supplies. I do not buy fabric except for each specific project I do--I probably would if $ weren't an issue. I did however invest in a Bernina QE440 last year and absolutely love it and know I will have it for a loooooong time. I also have it highly protected in my sewing room (which also serves as a spare bedroom, and storage room)--but it works so I don't have to move the sewing machine to a certain location to sew every time I want to sit and sew for a bit. I also work full time so don't have a lot of time to sew. And in summer, my perennial gardens get priority. Maybe by the time I reach the age of the average quilter, I will have my quilting tools and fabric stash like the average quilter!!!!!