Fiesta75 - that sounds remarkably like my first real system circa 1976, Sherwood receiver (second hand from a college buddy), BIC turntable with Empire cartridge (Christmas gift from my parents), and large Advent speakers (bought with my first real paycheck). The speakers stayed around the longest. I sold them when I got a pair of Magneplanars in 1987. Music was Allman Brothers, Jackson Browne, Neil Young, etc.
your first system-
I put together my first system in 1977- turntable, receiver, speakers and a cassette deck- $600. An on-line inflation calculator tells me that is $2760 in 2022 dollars. I am sure a current $1500 streaming based system can be assembled that would demolish my 1977 system. That's what I call real progress!