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Don't overdo it. When you are no longer having fun, back off for a while.
Anyone who participates in this hobby for a few years develops some insight that is worth sharing. What is the most important pearl of audiophile wisdom you can bestow on someone?
Enjoy the equipment, experiments, and educational aspects of this hobby as long as you're still enjoying the music. When it ceases to be about the music, then it's just a meaningless pile of gizmos. Get your rig to a point where you enjoy listening to music through it. Then have the sense to sit down, shut up, and listen.
A wise audio salesman once said to me: "When in doubt, keep the records. You can always buy another amp." He said this as personal circumstances made it necessary for him to part with his gear. It wasn't the advice I expected to hear from someone whose income was dependent on people buying new amps and such, which is why it is so memorable. Thanks Bill!
1) Trust your own ears, 2) Listening is an art, 3) Even the most gifted artist has to learn, 4) Don't analyze, feel—music is about emotional impact, 5) Most of us spent a lot of money on the wrong equipment, because we do not know what we should listen for, and 6) Find people who you can learn from.