Buy cheap, buy twice. Some of my gear is pretty old, but works. And that does me.
Absolutely. I always say that I'm too poor to buy anything but the best. But I don't mean the most fashionable*, I mean doing my homework to discover which components, gear, etc will last the longest for the least upkeep cost, and thus in the end cost the least per unit of use.
*I spent some of my formative years in advertising as a hidden persuader, so you could say I know know how to make a willing fashionista feel great, but I also know how not to
be a fashion victim, which takes a little work.