I disagree wholeheartedly with this statement. It implies several things that aren't true:
* That a hobby done for profit that can't also be done for fun.
* That a hobby for profit can't start as a profit-making venture, but turn into a passion.
* That work should be the only route to wealth.
* That optimizing for wealth can't go hand-in-hand with fun.
I despise the adage that a hobby is only a hobby if you aren't making money from it. I'm passionate about fantasy/sci-fi miniature building/painting, terrain modelling, and prop making. I love the expression of taking a universe that exists within the realms of novels and movies, and bringing it to the real world - to scale or in miniature. I design STLs/CAD models for 3D printing, scratch together terrain boards for people to play games on, paint miniatures any hour I get free, machine parts for various outfits and armaments, and spend hours fantasising about what universe I'm going to delve into next.
None of that would be possible if I didn't monetise the process. Most of what I build, I sell. If I didn't, I would neither be able to afford the hobby nor store the stuff I make. It would end up in a landfill. Parts of the hobby I took up explicitly because they demand higher prices when I sell it, but now they're some of the things I'm most passionate about.
Realistically, I'd love to do it as a full-time venture, but the semiconductor industry pays well and I'm not a famous maker so couldn't make it work - as the article states well enough. To suggest that hobbies can't both be fun and profitable though is a philosophy I think should be quashed.