I would spend all of that money on a preamp for this reason:
Once you have spent the money on anything else, you will most likely focus right in on wanting a better preamp, which I believe to be the center of any quality recording setup. Most of the other equipment you add to your setup will probably cost less and make less of a difference in the overall sound. To begin with, your signal is only as good as the weakest link, so why not start with a high quality preamp first, then experiment around with different mic flavors to find out what you like based on a preamp that gives you a quality signal. If you try out different higher quality mics on your existing preamp, you may not get a true account of the potential of each mic through a cheap preamp. The thing is, there are many tried and true preamps that are known to give you a quality sound, so start there as a point of reference to build upon.
You will still want to add many of the types of equipments people are mentioning here after the preamp to manipulate the sound to your liking, but at least you will have a very high quality signal to work with as you begin to add those other components, such as a compressor, EQ, Effects, etc.
If I were you, after the preamp, start saving up for a really nice large diameter microphone. Spend the time researching different forums about the different equipment, there is alot of valuable info available out there.
After I found the right preamp and mic combination that I liked, then I would focus on monitors. After that, then go for the compressor, effects, EQ, and all that stuff.
My 2 pennies!