Componets first, cables second?

I often hear about the improvements cables have made to systems, whether IC or speaker cables. Then IK hear the advice, buy the best components you can afford and upgrade cables along the way.

What I am wondering is is it, buy the best compnents you can afford and worry about cables later on down the road, or is it, a balance between the two to achieve the sound one is after?

For xample, to be more concrete, should I buy a better CDP and sacrifice on the cabling or should I buy a more moderate CDP and get a high quality cable?

Any expereince/advice is welcome
Cheers