Hell, I've got over $1000 in *cables*! Not counting instruments, I'm well over $20,000. What the hell? I could have spent all of that on a Toyota Camry. If you drive a Corolla, a Civic or a Neon, you just saved half of that $20,000. We all spend money. The question is- what is the purpose of spending money, to survive, or to actually live? The profits from my first album (Yes- Hola! profits!!!) have paid for about half of that $20,000, after production expenses. So simply by choosing a cheaper car, I pretty much paid for the remainder. Some people water ski, some people own a small airplane, and some people record things.
My best advice for anyone interested in recording- You will *never* own all the gear you want- you just get closer over time. Don't have children. They make noise and cost too much. Cats are much cheaper. Marry a woman who is good with money, hates children, and loves music. My beloved wife made all of this possible, by saving my money. She did that for about 15 years. Back in about 2001, about a week before Christmas, she walks up to me and says, "How long have you been playing guitar, anyway?" I answer, "30 years, 12 of it for money." Her next question, "So what do you think it would cost to track, mix, and master your first album and do the first run of production?" I responded, "$20,000, plus $5,000 in high end guitars". She thinks for a second and says, "We can do that. I think you should go down to the guitar store and buy the
acoustic guitar and the electric guitar you would own in a perfect world. Do it today. Try to keep it under $10,000. I love you dear, Merry Christmas".
I give my wife all my money, and I don't ask what she does with it. She also became the executive producer, handling legal, copyright, work-for-hire agreements, mechanical royalties, residuals, art direction, duplication and distribution. Did I mention I'd marry her again in a heartbeat?-Richie