I second Lugnut's priority schedule -- with an extra note re, the phono. I'd put the phono separately.
A phono is very important BUT most available phonos are very average. A good -- not necessarily very expensive -- cartridge will often outperform its price equivalent phono. HOWEVER when one has a well performing TT it's easy to improve the phono (usually throwing money at it, unfortunately).
A phono is very important BUT most available phonos are very average. A good -- not necessarily very expensive -- cartridge will often outperform its price equivalent phono. HOWEVER when one has a well performing TT it's easy to improve the phono (usually throwing money at it, unfortunately).