Spending 10% of earning for Audio Hardware, is it sensible?

Discussion in 'Audio Hardware' started by Melody50, Sep 16, 2021.

  1. Come to think about it 10% per year seems very reasonable under most conditions at relatively average salaries. That should cover upgrades and replacement of faulty components even for a very decent system. It might not make sense if you’re pullin in much above 250k a year or or more though.
     
  2. tiger roach

    tiger roach Forum Resident

    Tithing for audio! I approve.
     
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  3. Synthfreek

    Synthfreek I’m a ray of sunshine & bastion of positivity

    That’s not what I thought, I was questioning the other guy.
     
  4. Ingenieur

    Ingenieur Going with the flow...

    Location:
    PA
    At 10%/yr assuming someone makes 100k/yr that is 200k over 20 years.
    That's a mortgage ;)
    If you have a 20k system that is 1%/yr

    the 10% is after tax, so more like 15% of take home. That seems like a lot?

    reasonable is in the eye of the beholder lol
     
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  5. edd2b

    edd2b Well-Known Member

    Location:
    Southsea UK
    I think that I reached a spend of that percentage of my net pay in one year only. I probably had no woman in my life at the time to sway my attention away from audio. :laugh:

    As one dealer told me a story (well they would) of a retired chap who had a £50k car sat in the driveway that he hardly ever drove. His reasoning was to spend that money on something he was actually passionate about and would use. Makes sense to me! ;)
     
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  6. Michael

    Michael I LOVE WIDE S-T-E-R-E-O!

    if it makes you happy and you can afford it...makes perfect sense!
     
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  7. Mcginty2020

    Mcginty2020 Well-Known Member

    Location:
    Columbia Missouri
    I gave up my $150 a week smoking addiction and drinking habit a decade ago and have spent that towards equipment and music.
     
  8. jonwoody

    jonwoody Tragically Unhip

    Location:
    Washington DC
    I guess the part that seems hard to grasp for me is the consistency, much of my audio buying has been in fits and starts very little year to year commonality. Also for a large part of my audio life having bought sold and traded used gear the dollars were at least somewhat reasonable. Perhaps early in my buying days 1999-2000 I may have approached 10% of a years income but as my income has risen that's not nearly the case. As @Mcginty2020 says I also kicked other wallet draining destructive habits some years ago freeing up more cash for audio and other pursuits.
     
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  9. Ingenieur

    Ingenieur Going with the flow...

    Location:
    PA
    And live longer to enjoy it
    Good on you :righton:
     
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  10. blutiga

    blutiga Forum Resident

    Spending 10% is silly. 20% is the sweet spot.
     
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  11. Melody50

    Melody50 Forum Resident Thread Starter

    Location:
    Thailand
    True, chasing the likeable sound for my taste led me such spending.
     
  12. Melody50

    Melody50 Forum Resident Thread Starter

    Location:
    Thailand
    great
     
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  13. Uncle Meat

    Uncle Meat Forum Resident

    Location:
    Houston, Tx, US
    No way to answer that question, it is your money, spend how what you want to spend it.
    Ive spent a lot of money on The Basement Tapes over the years.
    My favorite being the 2 volume Blind Boy Grunt set on lp
     
  14. KL-lite

    KL-lite Well-Known Member

    Location:
    Kuala Lumpur
    Another common vice is spending hundreds monthly on lottery/scratch tickets, and that alone is worth at least one good component or a lot of music purchases every year.
     
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  15. Sam

    Sam Senior Member

    Location:
    Rochester, NY
    You don't gain anything if you have to turn around and buy another house. What you gained on yours you lose to the next purchase. Only ones making out would be those going from house to an apartment.
     
  16. bru87tr

    bru87tr Forum Resident

    Location:
    MA
    Not as much as everyone thinks. Most people
    Live way beyond their needs.
     
  17. bru87tr

    bru87tr Forum Resident

    Location:
    MA
    True, but we are here answering this question for the OP.
     
  18. KL-lite

    KL-lite Well-Known Member

    Location:
    Kuala Lumpur
    Perhaps with your current knowledge, you think a lot of your past purchases were unnecessary and you feel they were a waste and not sensible.
    Maybe you're right about some of the purchases, but you shouldn't feel bad at all. You just need to compare, LOL!
    Lots of people waste huge amounts of money on even less sensible things (e.g., overeating, unhealthy food, hard drugs, expensive cars/phones that are junk now, lawyers, buying stocks at peak, bad investments, etc.). I remember reading years ago about a kid in China who sold one kidney for an Iphone6!
     
  19. Melody50

    Melody50 Forum Resident Thread Starter

    Location:
    Thailand
    Hope, future the purchases are sensible:)
     
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  20. csgreene

    csgreene Forum Resident

    Location:
    Idaho, USA
    Missed the point completely.
     
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  21. edd2b

    edd2b Well-Known Member

    Location:
    Southsea UK
    I will never forget the time I was auditioning my first serious hifi amp. I was still on a modest wage at the time and with a budget of only £250 had listened to all the front runners at that price point. My dealer asked if I wanted to hear the Naim Nait 2 which was £338 at the time not including the A5 cables. As it started playing my test tracks I started to smile.

    My dealer said; “yes it’s fun going into debt isn’t it?”. :agree:

    The point being; it doesn’t matter how good value something looks. If it doesn’t do what you want or make you feel good the price is irrelevant. ;)
     
  22. Melody50

    Melody50 Forum Resident Thread Starter

    Location:
    Thailand
    Appreciate your thoughts
     
    bru87tr likes this.
  23. I guess, now that you have spoken, the discussion is complete and no further comments are needed, or allowed.

    Still, if one earns $45,000 per year and spends $4,500 of it on audio gear, and another earns $400,000 per year and spends $40,000 on audio gear, don't you think one may have quite a different result than the other?
    Maybe, just maybe, it does depend on some things....Unless of course you say, with conviction, it does not.
     
  24. There are many people who dedicate 10% of their earnings to certain things.
    What you choose is up to you.
     
  25. Drew769

    Drew769 Buyer of s*** I never knew I lacked

    Location:
    NJ
    There is an old saying in the car hobby - never add up the bills. Same goes here.
     
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