Up to a point both are accurate. Budget for what you can afford and you will be able to find something in that range that will make you happy. Speakers should be the biggest part of the budget. Speaker quality and placement are most important IMHO.
Did your system getting better the more money you spent or more experience you gained?
This is something that wanted to ask folks. Initially I said I would never spend x amount of dollars in this audio journey. 20 years later I’m here and did what I said I wouldn’t but I’m happier than ever. Best system to this date. But it wasn’t about money only. I gained knowledge on what was possible and the quality and design of the gear I wanted. I see people just throw money into audio and never be happy or satisfied. I think that happens because they don’t think for themselves as well as have the resources? Thoughts ?