Upgrading what?

I don't think there's a wrong way. First I would find out exactly what sound I am looking for. This can only be achieved from listening to different equipment. I don't care how good your front end is supposed to be. You can't make a Paradigm sound like a Martin Logan or a Magnepan sound like a Green Mountain Audio.It just doesn't work that way.Speakers make the largest impact in sound IME.Yes it can be changed or refined by a different front end to a degree. But not enough to fool someone into thinking you have a different pair of speakers.

Enjoy the Ride it is the Best Part!

One factor not mentioned yet is the projected length of time you think it will take to build this system. If it is going to be a long time, then I would definitely move the speaker purchase up in the time-table. If it takes you three or four years or more, then you will be missing a great deal of the music by not having good speakers.
I agree with many above. Every piece is important and can result in improved sound. However, some upgrades will impact the sound more than others. I would say that speakers, source and then preamps are generally the most important links in the chain. With your good sounding source, I would jump the the other end, and work back from your speakers

After looking at the threads you have already posed, I think you're ready to just pull the trigger. As long as your amp can drive your speakers, it doesn't matter so much in what order you throw your darts. Good luck

I would personally work from the middle in either direction, nearly always purchasing the best component you can manage. The exception I would make is the preamp. If possible, skip the preamp until the last piece is in place, but prior to getting carried away with cabling (that is if you do get carried away). Prior to cabling I would also purchase a really good rack like the Mapleshade Samson. If you can justify it, buy the rack before anything else. This way you will have a good reference point when auditioning equipment purchases.

Only after these things are covered would I recommend "voicing" your system with cabling or power cords. The rack and any isolation solutions should be in place before this "voicing" is commenced. I have personally found greater impact from power cords and speaker cables. Others have had a different experience.

If you are set on the speakers, I would ask the speaker manufacturer for his amp recommendation for that particular model. If you purchase an amp prior to your speaker purchase, make sure it is compatible with the speaker you expect to purchase in the end as well as being sufficient for the interim.

Set your sights high and try to make only one purchase per component. Patience is a virtue they say.

BTW, I agree with me too. ;-)

I agree with me. Start at the source and work your way back to the speakers. The Njoe Tjoeb seems to be what you want for the source so next get good cables to use on the CDP. Then buy the best pre-amp you can afford/find/settle for. More cable, then the amp, speaker cables, and speakers. This will let you hear the difference. Speakers are a huge personal thing. Some people act like picking speakers is like picking a wife (that sure trivializes her!!!) but if everything is in place first, it is much easier to pick the speakers.

There isn't really a wrong way of buying things. Maybe you should do it like the NFL draft and get the best of what is out there at the time you are in the market. It might be more exciting that way. When you leave the house for the Audio Salon you never know what you'll end up with. It's kinda crazy but...

Hi Eric

I agree with Hank, find speakers that are a good match for your room, taste and budget. Next find an amp that will mate with the requirements of your new speakers.

Many people would start at the source and work the system from that end, this requires much more experience than most novice system builders have yet attained IMO and can cost much more for the same results.

Dave

Every audiophile has their own purchase sequence in the upgrade cycle. This is how I did it and it worked just fine.

Speakers
Power amp
Preamp
Source (CD player)
Interconnects
Speaker wire

Save your money to buy better equipment so as to avoid frequent replacement. Buy good used equipment when possible. I bought from Audiogon with great success.

Good luck.