"...my budget is between $500-$550...any ideas??"
Yes. Save your money.
I don't mean to come across flip but I firmly believe that if you buy a system (speakers, receiver, cables, etc.) for $500 it'll be a waste of money, especially if you're goal is to build an audiophile system as you mentioned. It's just a bad strategy for building a system and you won't get much out of it.
Either save your money until you can buy a good system or, just buy one component at a time and keep buying and selling your way up while putting in additional cash. The key to the latter is to buy something of quality at a good price that you can sell for at least what you paid for it assuming you take the time and do your homework so you know a good deal when it comes along. And, trust me, they do. But it has to be something of quality or, it's going to be hard to sell.
If you all you have to spend is $500 and that system will have to last for a few years; get a Bellari which is a tube phono stage/headphone amp and a pair of used Sennheiser 650 headphones. You should get better sound than you do today and you have your money in only two components of decent quality that don't depreciate that quickly.
Yes. Save your money.
I don't mean to come across flip but I firmly believe that if you buy a system (speakers, receiver, cables, etc.) for $500 it'll be a waste of money, especially if you're goal is to build an audiophile system as you mentioned. It's just a bad strategy for building a system and you won't get much out of it.
Either save your money until you can buy a good system or, just buy one component at a time and keep buying and selling your way up while putting in additional cash. The key to the latter is to buy something of quality at a good price that you can sell for at least what you paid for it assuming you take the time and do your homework so you know a good deal when it comes along. And, trust me, they do. But it has to be something of quality or, it's going to be hard to sell.
If you all you have to spend is $500 and that system will have to last for a few years; get a Bellari which is a tube phono stage/headphone amp and a pair of used Sennheiser 650 headphones. You should get better sound than you do today and you have your money in only two components of decent quality that don't depreciate that quickly.