Elitism revisited...
Posted by: Top Cat on 14 January 2001
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
Worth it? Definitely!
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
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
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
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
John
Music is the answer.
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
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
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?
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
enjoy...
ken
Email me back off forum if you want to talk TVR.
Cheers,
John
The answer is 42.
This is not from Ian Dales but the boss of the house who knows his password!!!
25-30% not to be repeated in a hurry.
Matthew
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.