Elitism revisited...

Posted by: Top Cat on 14 January 2001

I'm curious, having just read the Elitism thread, about the correlation between sacrifice and sonic bliss...

I mean, there are individuals here who've spent enormous amounts of money on kit, but no-one seems to have yet discussed the relative sacrifices individuals have to make to achieve such kit.

For instance, there will be those who can just about make it onto the Naim ladder, they may either have sweated blood to afford their kit, whereas others may have just bought it on the proceeds of the Christmas bonus.

So, just as a rule-of-thumb metric, what percentage of your net income did your system cost (i.e. how much you paid for it), and what sacrifices did you have to make?

Figures if you wish, but just a percentage would do - we're talking after-tax amounts here - so, say you earned 20,000 after tax, and your kit cost 8,000, you'd be a 40% (i.e. 8000/20000*100/1)

Anyone like to try?

FWIW, <figures withheld> I'm at 25% right now.

John

Posted on: 14 January 2001 by Top Cat
...medium; I did without a change of car, cut back on holidays and tried to work extra overtime.

Worth it? Definitely!

John

Posted on: 14 January 2001 by Mick P
John

I am currently spending around £4.5k pa on Hifi and it does not affect me at all.

I am middle aged, kids have flown the nest (praise to him above) and the mortgage ain't worth a tinkers cuss.

I rent out a couple of properties and I spend the profits on "silly stuff" such as Hifi, fountain pens, hand bespoke suits for me and jewellry for Mrs Mick.

This little lot does not come out of my salary which I find difficult to spend. Hence I invest it and am now looking for another house to buy and rent, which will produce more profit etc and so it goes on.

My wife spends her salary on herself and holidays and hence we take 2 or 3 foreign trips each year. That is enjoyable and seeing the world is our main priority.

So Hifi is just one of my little vices and it does not impact on me financially at all.

I have spent the last 15 years being involved in purchasing print and as such have learned to appreciate good quality hand rolled print, mainly from the victorian era. The quality, of which, has never been surpassed. I have purchased several victotian erotic prints (porn to the plebs) which have proved to be an excellent investment. I have since disposed of them and had I held on to them would have been ringing up Paul stephenson, today, doing a deal on 3 NAP 500's. Regrettably I sold them a few years ago.

So you younger chaps, Vuk in particular, collect victorian erotica now and you will soon have your top grade system. Forget all this digital camera stuff.

The secret of financial stability is age which will come to you all.

Regards

Mick

Posted on: 14 January 2001 by Mick P
Hooch

You seem to be in a terrible state, how about me relieving you of some of your hifi......I might be able to bung you a few coppers in exchange.

BTW Mrs Mick is out to get you big time....who referred to her as Mendusa on the peasants forum.......very high risk.

If we can come to a deal, I'm sure she'll forgive you.

Regards

Mick...merely an employee, not an employer

Posted on: 14 January 2001 by Martin Payne
Hmm, at new prices and my current salary, about 150% or maybe a little more.

Much of the system was bought second hand over the years, though, so it's a little difficult to say accurately how much I've actually spent, except that it's 100%+.

cheers, Martin

Posted on: 14 January 2001 by Arye_Gur
We buy our systms in a long period of time.

My system now (as a new) equal to 11 salaries of mine.

The most expensive costs in Israel after appartment is for a vehicle. I have one for free as a part of my income at work - so I don't feel I'm giving up of something for my system.

Arie

Posted on: 15 January 2001 by John Channing
I bought my system with part of my bonus last year, I suppose it is about 10% of my current net income, more when I bought the system. I sacrifice nothing to buy hifi.
John

Music is the answer.

Posted on: 15 January 2001 by Andrew L. Weekes
The proportion does vary with time.

When I bought my LP12 that amounted to >25% of my annual salary (14 or so years ago).

The current system based on new prices would amount to 10 to 15%, but the Naim bits were bought second-hand. If you add in the value of the software (vinyl and CD) I guess the proportion rises fairly significantly.

This year I shall be spending about 15% on brand new kit, but this is funded by a sharesave scheme which has given me an unusually good return (>300%) over the five years I've been saving. I shall spend about 25% of it on Naim, the rest is being used for those unfortunate necessities, such as house repairs and improvements, the downside of owning an older house.

I find it much harder to save money now I have children and mortgages etc, this year being the first significant upgrade for a number of years.

In terms of sacrifices, I don't make any significant ones, but I'm not a great holiday person, so the money that many would use for this gets redirected to our hobby interests, of which music is the main one.

Andy.

Andrew L. Weekes
alweekes@audiophile.com

Posted on: 15 January 2001 by NigelP
John,

What a good question to pose. My hifi amounts to around a quarter of my annualy salary although the LP12 has been with me for 15 years. The recent venture has been a long-time coming and really is my present that I have bought with a considerable number of stock options I received a few years ago. So my sacrifice has been minimal. Trouble is that this is addictive as I am now in pursuit of the ultimate in music and that don't come cheap!

Nigel

Posted on: 15 January 2001 by Harris V
When I was a student it was 100% of summer job salary less food costs.

Now my addiction is funded purely by salary savings. Last year was about 20% of salary.

My sacrifices include holidays and a nice flat (oh, and my pension) but no hardship to speak of yet. In London, given current house prices and car insurance rates a CDSII is looking like less like a life threatening purchase.

I'd be interested to know if Naim costs less in other countries - if so can we import it? Is it made to different specs?

Posted on: 15 January 2001 by Jonathan Gorse
My system is worth around 33% of my annual net salary, I spent a bit less than that though because some bits are second-hand so nearer 25%.

The majority of my disposable income goes on my TVR though, not the hi-fi (after paying mortgage etc!) I have toyed with parting with it because you could buy a lot of green boxes with the amount it costs every year but I love it too much (sold it once, broke my heart, bought it back a year later!)

Jonathan

Posted on: 15 January 2001 by ken c
for me, on current cost basis, my hifi is 30 percent of my annual income. this percentage will of course go up when i get 135's and cdsii...

enjoy...

ken

Posted on: 15 January 2001 by Top Cat
Jonathon, what model of TVR do you have? I'm planning one of two things for this year - a new house or a TVR. I'm interested to hear of your experiences with it; I'm toying with the idea of a Chimaera 4.5 or even an earlier Cerbera. I love the new Tuscan, but I can't justify nor afford to buy a new car outright (I don't believe in paying interest, so I only buy if on 0% or outright).

Email me back off forum if you want to talk TVR.

Cheers,

John

Posted on: 15 January 2001 by wal riley
Can somebody get me an message icon of a pocket with a hole in it? Zilch percent for 2 years, and counting. Still, i have no real qualms about the system. It still is very easy to listen to but, if the truth be told, I would love to audition the Electro CD player, as it sounded very promising in Chester. Have to get my ram-raiding kit out again. (just joking)
Posted on: 15 January 2001 by Ian Dales
Seems that some people have sacrificed more than they think,, like a personality, a life and sense of humour. We are back to the 'wondering' thread and the peacocks are parading with their feathers.

The answer is 42.

This is not from Ian Dales but the boss of the house who knows his password!!! razz

Posted on: 16 January 2001 by Martin M
Ian (or the person masquerading as Ian), do you mean to say that a woman wouldn't go for a 45 year old virgin, who lives with their mom, has a big collection of sci-fi mags and a nice hi-fi? smile
Posted on: 16 January 2001 by Matthew T
A healthy bonus - therefore a new hifi.

25-30% not to be repeated in a hurry.

Matthew

Posted on: 17 January 2001 by MarkEJ
Clifton;

quote:
Yes to the Church of Naim I did meet the Tithe and matched it even halve better!

E'en so, some do also offer Tithe to the revered Church of the Sympathetic Resonance, in Pinner, that they also shall wear the black hoods and cellphones belov'd of that Brotherhood, and fail to do the dusting.