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I think in the scheme of things the number of drivers who live off the sport are few and far between. Even at national levels like the BTCC a lot of the drivers will make their living as a company owner or driver coach. Most people at a reasonable level in rallying in the UK are comapny owners who do something completely unrelated to the sport (although groundworks/plant hire seems a common theme).
As others have said, you're probably too old to make a career as a racer but that doesn't mean you can't race. Plenty of us get through the drudgery of the day job because it pays for the fun stuff.
I'd recommend finding how you can do cheap things, like Autocross in the US (different sport in the UK so make sure you're looking at the right thing). Not sure how it works but you may find company owners who will put their name on your car for a few hundred bucks.
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