You have great equipment, enjoy this time of your life and to heck with what anyone else may or may not have!
Family obligations take priority, but just keep everything in balance and you'll be fine!
Myself, I'm in my early 40s, great job and income (particularly in this economy), but my priorities for the most part are putting my three kids through college with minimum student loans, therefore my hobby money is limited and has been limited for some time.
And yeah, my hobby money is split among several interests, mostly music related, a "little" on my six string acoustics (yes I play guitar, mostly noodling and the occasional local "Old Time" jam

) and of course my playing bass in local bands, the most recent being my Blues/Rock band.
Primarily I play a $225 Precision standard through a $300 Ampeg combo. That simple rig has carried me VERY well through two bands, several recordings and demo cds, some great live shows, lots (AND I MEAN LOTS) of great times with great musicians -even some somewhat famous ones

- and does so with a great tone that I can be very proud of, and does so with minimal fuss.
I also have a few other basses and amps and amp heads and misc stuff laying around also.
My oldest son graduated college last year, and is now gainfully employed and has taken over his own car insurance and contributes a little toward groceries and such, and that has REALLY helped the household bottom line, so it helps me see some light at the end of the tunnel (FINALLY!)
Two more kids to get through college, but yeah I've already started making my "bucket" list of "stuff" I want to finally get for myself as i approach empty-nested-ness.
Musically speaking it includes either a pre-cbs or brand new Fender Custom Shop Precision, a NICE all tube amp of some sort for special occasions.
Anyway, do the best you can with what you got, and ENJOY this time.
