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Worth it!

My 1975 Gibson Ripper I was 17. I busted my hump as a bar back and washing dishes in an Italian Restaurant to make the money to get it and my Ampeg SVT stack
$565.00 for the bass another $175 for the cases I still have both.

This is the first month I owned it. We did a show on Sunday at a Church in the recreation hall originals and covers

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What’s the bass you went broke for?
Back in 2002, I assumed that I’d be getting a bonus similar to the one I had gotten the year before, so I bought a Ken Smith six string on credit, assuming bonus would pay it off.

Alas, instead of bonuses, we got laid off :/

Lesson learned. Don’t count your bird in hand before they hatch chickens in the bush. Or something.
 
IIRC, my Gibson Ripper set me back over $700 back in 1973. That was a LOT of money back then, and a lot for me as I hadn't graduated college yet and worked crappy jobs.

I haven't spent more than that since then. Heck, you can get excellent instruments these days for half that, so I spend wisely.

Wow, that was a lot of money back then! I paid $300 for a new P bass in '73!
 
Warning: long story
In the fall 1974 I caught a ride with some other young musicians going to Chuck Levin's outside DC. I had all of the cash that I could spare at the time, and my heavily modified 1968 Gibson EB-0. The group went to a restaurant in Georgetown where all of the others bolted without paying their checks. The waiter hurriedly rewrote a check with all of the tabs for me to pay. I insisted that I would only pay for my own meal. The manager intervened and stated that since the waiter did not clarify whether or not there were to be separate checks, I only had to pay for my own meal. Afterward, while walking the streets of Georgetown, I encountered the other musicians who said they never intended to pay for their meals. They also stated that I could not crash where they were staying the night. Pretty low class on their parts.
I continued to walk around Georgetown when a curbside flower vendor, whose help did not show that evening, asked me if I wanted to make $10. I agreed and worked about two hours. The flower vendor told me to show up the next morning and help setup for another $10. I agreed and sought a place to spend the rest of the night. Eventually, I ended up at the local Greyhound bus station, where an endless cup of coffee cost 50 cents. Being inside was definitely preferable to standing out in the cold. I also bought one of the endless cups of coffee for a homeless man to get him out of the cold.
The next morning I again helped the flower vendor for another $10. I met up with the low class musicians again and traveled with them to Chuck Levin's. At Chuck Levin's I tried three different bass guitars, a sunburst Fender Jazz, a Gibson EB-3, and a Rickenbacker 4001. Of the three I like the Rick neck best, I could easily play the entire fret board. They wanted $425 for it. The only way that I could buy it was if they gave a generous trade-in for the EB-0. The Gibson EB-3 did not offer much over the modded EB-0 that I brought, the short scale being the greatest limitation. The Jazz was good to the twelfth fret for all strings and above that for the D and G strings. Chuck Levin's only offered a $50 trade-in for my Gibson EB-0. I declined and later sold it for $150. I only had $286 dollars in cash. The Jazz with hard shell case was $275, plus tax, or $286. I has placed the cash in various locations on my body and could only find $285 at checkout. The sales person accepted this.
If not for helping the flower vendor, I would not have had enough cash to buy the Jazz. As it was, I left Chuck Levin's with $1 and the EB-0. Definitely worth every penny, plus the time and night of lost sleep.
My brother has had that Jazz for the last 40 years.
 
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In 2012, I went through a bit of a personal crisis that I will not vent to all of you about - at the same time, my side hustle (professional voice over artist) was going really well. I got a good payday, then ordered a custom fretless AC6 from Fbass. Then, as the crisis continued, in 2013 I had another solid payday from the side gig and ordered a Sadowsky NYC PJ 5 string. So, within about 11 months, I dropped about $12k on new basses.

Fortunately, I absolutely love them both - so my GAS has been in check...but admittedly, it has been popping up again now and then in the form of a fanned fret 5 or 6 string.
 
I only bought two pieces of gear I couldn't afford with my savings, but I guess neither made me broke. They were an Ernie Ball Musicman SUB (those made in USA in early 00's) and an Ashdown ABM combo. Both were my first "good gear" purchases, and I was a teenager, so I didn't have a lot of cash, so as a rule they cost me the most :)

The Ashdown was a more typical teenager story, my dad bought it, and I worked hard for a summer to pay him back...

To get the MM SUB, I sold some shares to buy it. Back home, in a former communist country, we privatized a lot of state-owned companies by giving citizens shares. Someone made a takeover bid and offered decent money at a time I was buying my first "good" bass, so I sold. Can't recall if it was a good deal :)
 
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