I consider myself a stereo enthusiast vs being an audiophile. The main difference? Budget. I've been in this hobby since the early 70's and have had many different components over the years. I had to sell my prized stereo during a contentious divorce (in the 90's) and never bought to that level again.
I now find that I like used and carefully researched mid-fi equipment. My personal rule of thumb is never to pay over $1K for any single piece of equipment. Cable prices are based on no more than 10% of the price of the equipment being hooked to them. These are arbitrary numbers based on what I am willing to invest in audio at this point in my life, the quality of my 68 year old hearing and my audio compromised listening space.
I did manage to buy one Stereophile Class B rated component, for my humble system.