How much are you worth ?


I know. I know. It's none of my business. Bear with me. I know people who have $200K in the bank & their system costs
100K. I've also seen people living in dumps listening to 50K systems. So please tell me. What is your limit? How far will you go? If someone has $100, how much does he/she have to spend on audio equipment before you'd tell him/her to cool it. An accountant once told me that pertaining to the States as a whole,up to 1/3 of your net worth can be spent on housing, 10% on transport (cars), 5% on furnishing, etc.
Wonder if there's an indicator for high-end audio.
ryllau
My system turned out to be one of my better investments. I was fortunate to have participated in a biotech IPO about a year ago and invested 75% of the returns back into the market, bought the requisite sports car (10%), etc (5%) and bought a really nice system here on Audiogon. The market dropped shortly after knocking my market holdings down by 70% (bad days!!!), cars always lose value, but I could still sell my system for about what I paid.

By the way, this was not my first high-end system so please do not label me as nouveau-audio-riche. Prior to the IPO, I sold my Levinson/Classe/Joseph Audio system as part of the downpayment on my house.
Not much, and in the last two months I spent 5% of my yearly income in a CD store. My wife took the credit cards, but I have some great new stuff to write a review about!
I am worth NOTHING if I do not get my daily fix of exquisite quality sound from my $40k (retail $US) system(s). Should I happen to miss a day of listening then I feel like I am deeply in debt. As for the bank, stocks, cars, and the like I don't care anymore.
well,
I'm worth about 30k per year.... have 6 in instruments and probably the same in audio.... still can barely make ends meet
Ahem....before I read the posts I assumed the question had a less monetary complexion. My answer was "I dunno...ask my wife, my daughters, and maybe a few close friends...."
That being said (not too cloying, I trust), I'll join those who lost a lot in the markets, and my used Subie biz is taking it on the chin lately (can't figure that out!), so although I spent $15k asembling my ref system last year, I'm finding it difficult spending $$ finishing it with a suitable digital front end. Finding and justifying said component is work in itself, but for me it's compounded by
a real difficulty spending money on myself (especially withthe uncertainty of self-employment, daughters' tuitions, etc.) Thanks for the forum. Ernie