What you are about to embark on can end up being a very expensive hobby...
I like many others on this forum have invested a good deal of capital on my audio system, and often I find myself still shopping for something new. Just recently I jumped head first into a deal on a pair of speakers. I had been watching for a pair of these speakers on the used markets for years, and I when I got the opportunity I jumped... These speakers ended up being way more then what I bargained for. Giant heavy beasts that did not fit at all in my decor (my apologies to everyone on the forum for so many posts about wanting WAF friendly equipment and then buying Vandersteens...). They were power hungry and required more than what I was able to feed them, necessitating the purchase of a separate power amplifier, and at the end of the day, acoustically, they didn't wow me. Perhaps if I had more money to invest in more quality components I would have been able to properly open them up and let them sing, but alas...
Now I have them relisted, and I hope I can recoup what I spent on them...
Over the last 6 months I have worked around a lot of overtime and spent a couple grand on new equipment.
Understand that you always have time. Every different piece of equipment has a different sonic signature. The best way to start is to know what you are looking for. Once you figure that out, take your time, auditioning, researching, and building something that is perfect for you. Just know that there is always going to be something a little better, a little more warm and precise... but at the end of the day, that "little something" will probably end up costing you quite a bit of money.
P.S.
Listen to the guys on this forum... they really do know what they are talking about and unlike the sales person that you may find at your local audio store, they dont have any sort of money making agenda.