Why do folks spend more on electronics than on speakers?

It all matters but if the speakers and placement aren’t right, nothing else matters. 

@runwell 

Luckily for me I just trusted my now friend who is a set up person for how to build a system. I really would have had no idea where to spend time and money. I agree that the people one meets on a journey like this is super cool, and luckily for me my wife is really into it as well. Sticker shock was there, and we are not flush with cash  for sure, but as we heard the results we really started to believe in it. My wife and I are both professional musicians so we were dubious at first, ( for example what great feet can do for each component) but we love sitting down with a martini and listening to music and ignoring all the noise on TV now. Yes, it has become a part of our lives and we met a great friend in the process who I paid to set up my system.  I totally agree with bigtex22 that speaker set up might actually be the most important component in my system. Lol, and yes that cost me money also.

So you have some really cheap speakers?

I have spent vastly more on electronics than speakers. My DAC alone is about 10 times the value of my speakers.

My electronics (amp & preamp) probably cost 3 times my speaker.  I have driven the same speakers with mediocre electronics and it's just not the same.  

I totally agree speaker comes first, but if you in love with a pair of power hungry speakers, you need to pay a premium for amplification. Thiel speakers is an example.