I'd like to challenge the basic math of this quote, too.
Are you prepared to spend 5k+ a year on gear, reloading components, instruction, travel to matches, match fees, etc?
Your gun, holster, mags, mag pouches, belt, ear & eye protection, vest, range bag, and any other incidentals certainly don't need to be replaced each year. Yeah, you're probably close to $800 or $1,000 by the time you get it all together, but that can be a one-time cost -- if you don't fall prey to the "buying talent" myth that makes you upgrade to more tactical socks or more "operator-grade" under shorts to get a competitive advantage every few months.
I shoot about 5 major "sanctioned" matches a year and something between 10-15 club matches. Call that $800 in match fees. (I work a lot of matches though as an SO so that knocks a big chunk out of that cost.) Most new shooters, and a whole lot of regular, dedicated, hobbyist shooters aren't going to go to 5 sanctioned matches a year so their fees would be maybe 1/2 of that. ($400)
Ammo... well, if you shoot an average of 100 rds of 9mm Wolf or other cheap practice ammo a week, plus an extra 150 rds a month for matches, that would be 7,000 rds. shot in a year -- a VERY good amount of shooting that will get you progressing very fast -- and that would cost about $1,300 at current prices.
So we're at a little under or over $2,000 a year for a very full schedule of shooting -- far surpassing what most of my shooters have time and inclination to get in. Your travel costs would add something to that, of course, but that would be entirely up to your location, how many of the matches you attend are "away," etc.
I don't think I've EVER spent $5,000 in a year on shooting. I'd like to, but I don't think I get there, even with memberships, travel, and occasional equipment upgrades. (My underwear isn't all that tactical, though.)