Want to setup basic home audio system


As the title states, I am looking for advice on the main components required to get a basic home audio system going for under 1k. When I do get to save more money, I am open to add more into the system. For now, what are the basic components of a home audio system that I mainly need to focus on right now? I am not looking to get a home theater setup. ONNLY LOOKING TO GET HOME AUDIO SYSTEM FOR MUSIC
diripio
What do you plan on using as your source?
Streaming, CD player, turntable, tuner...?
thecarpathian asks the most important question. At that budget, using vinyl as your source is going to really limit your other components. Streaming could be an inexpensive source initially allowing you to put more in speakers and amplification. Also, are you willing to buy used or do any DIYing? How big is the room And how visible can the equipment be are other considerations once you start attempting to determine which components to purchase. 
To start answering your original question, you need a source, amplification, and speakers, as well as cables to connect. 
Whatever you do, there are enormous bargains out there, used. The Music Room is a great source, but if you educate yourself a bit, you can likely get a good streamer, DAC, integrated, and speakers for $1k, though perhaps the DAC could just be built into the integrated. Much depends on your taste, but likely gear could include Schiit or Parasound, Topping, Emotiva, Bluesound, Elac, Klipsch, and many others. Possibly of interest: https://www.youtube.com/watch?v=Fdb8wLd73Tg