Just look at folks gear lists. Tons of folks have way over $7500. It's a hobby and you can make it as expensive as you like. It's all a personal preference.
I know folks that own well over 100k in watches and all they do is tell time...and some not as accurately as my $100 watches. But it makes them happy.
Some folks buy expensive toys to improve their craft, some buy thinking it will improve their craft and some do simply to show off. To each their own. If I spent time dwelling on what others are doing I would be wasting precious time to enjoy what I am doing.
Enjoy your hobbies while you can.