As for that, it depends on your what your social circle looks like. I learned how to cook a couple great meals and how to make a couple fancy cocktails. I invited a few friends over that told my other friends. I slowly integrated different people from different areas of my life and now I'm that guy that throws fun cocktail parties.
It's not the same sort of social status as driving a fancy care, but it has increase my social status amongst people I actually care about.