I've been through the cycle of buying studio stuff and making music a few times, always as a hobby.
I could have spent money on angling. Or cycling. Or stamp collecting.
But I enjoy making music and that's enough reward.
I've recently finished my first ever solo album after having made lots of songs with bands in the past. Being able to upload to streaming and effectively release an album is quite cool, as long as you're aware of the fact that you are one of 100,000 other songs released that day!
'Finishing' the album has been very rewarding. I'll get zero plays as I have a day job and a family so have no ambitions beyond being able to ask Siri to play my album on the HomePod and Siri knowing who I am LoL
I was still enjoying buying audio software and making music regardless of whether I manage to make any songs or not.
Anyway. Clicking that "distribute" button was quite cathartic and a little bit scary. It's also up
on Bandcamp and it's worth it just for the feeling that it's finished. No more tweaks. It's done.
Bottom Line. As an amateur, I've enjoyed making music for decades. I've enjoyed buying gear and plug-ins and don't regret spending money on stuff -- even the stuff that I never use.
Being able to release an album thanks to the change in marketplace is the cherry on top even though it's now so demoratised that releasing a song on to the streaming platforms is effectively worthless these days. But still, there was no other way it was ever going to happen!
The sense of satisfaction is pretty cool. Even though it's probably very short-lived and the future involves looking at stats showing zero plays to pee on my parade
If you enjoy researching and buying plug-ins and then never make anything tangible with it, so what?
You could have bought a guitar or a piano and just strummed and plonked them. Music is music. you don't have to actually write and produce music to be a musician. It's up to you what you spend your money on...