The bottom line is that if you are a struggling musician, a solid $300 instrument will do the trick and get you the same payday as one that cost 6 or 7x's more. However, if you can afford the luxury of a finer piece, there is often the added pleasure of pride of ownership. If it makes you feel good and can afford it, there nothing wrong with it. Life is too short to deny yourself certain pleasures if you can afford them.