You can literally become equipped to develop for microcontrollers and have a bunch of boards for less than $50 (excluding a laptop).
If you want to go a bit further, you can get a lab supply and a halfway decent DSO with logic analyzer capability for under $500.
> Anything else, anything outside this standard specification you've shared with me, is where some hardcore hacking goes on, in my opinion.
I've done plenty of hardcore hacking, and ... even then, not really. FPGAs? You can get ICE40 boards for <$20. A microscope is nice, but $40. Soldering iron? Pinecil is pretty great for $40.
I spent so much money on equipping myself to do EE stuff 25 years ago. Now you can do much more than I did back then for peanuts. Heck: I just built 20 little embedded ARM computers for students with LCD, cherry switches, and a debug monitor for $300, and the biggest expense was the blank keycaps. It was trivial to get going. That includes manufacturing. We are spoiled. https://github.com/mlyle/armtrainer
Where things get expensive is doing anything fancy analog, RF, very high speed (which is really also analog ;). Computing itself is cheep cheep cheep.