Actually, if you want to get out of this cycle, turning is a good subset of the hobby. A good small turning setup will cost around $1500 brand new (for the lathe, carbide tools, vices, drill bits, etc.). After that the wood tends to be cheap because you can use other people's offcuts or waste material.
Pens in particular are easy to learn, make gifts that people ooh and aah over, and don't take a ton of time. Materials for a pen range from $10 (for a cheap kit) to $35 (for a top of the line kit plus a fancy blank). Once you've made a few you should be spending an hour to an hour and a half per pen. If something goes wrong mid-project you lose the wood and the tubes, and replacement tubes are cheap, so you don't have to re-buy the whole kit.
Once you master that there are a variety of projects that will ramp up the skill step by step. And there are tons of classes around that'll help you gain those skills.
Pens in particular are easy to learn, make gifts that people ooh and aah over, and don't take a ton of time. Materials for a pen range from $10 (for a cheap kit) to $35 (for a top of the line kit plus a fancy blank). Once you've made a few you should be spending an hour to an hour and a half per pen. If something goes wrong mid-project you lose the wood and the tubes, and replacement tubes are cheap, so you don't have to re-buy the whole kit.
Once you master that there are a variety of projects that will ramp up the skill step by step. And there are tons of classes around that'll help you gain those skills.