A relatively wealthy fishing buddy of mine uses cheap rods and reels, and does very well with them. He enjoys fishing and catching fish, as I do. He enjoys, like me, being outdoors. We both love going out and thinking about fishing and nothing else. The problems of work, home, politics, bills and money disappear as we concern ourselves with what bait to throw next and where to throw it. But I have an additional pleasure in fishing that he doesn't have. I'm talking about machine pleasure, the appreciation of refined mechanical function, the beauty of fine fit and finish, the smoothness of a reel, the liveliness of the rod working the bait, its lightness and sensitivity, the sublime way a fine rod bends to a big fish while maintaining confident power and control. My friend doesn't get that at all, just like many people cannot appreciate a superb automobile. To them it's just transportation. Sure, an important aspect of having great equipment has to do with what you can afford. But in most cases it's a matter of priorities. If you can appreciate the beauty and feel of a fine machine, if using a finely crafted $300-400 rod or reel sends shivers of pleasure down your spine, go for it. But if it doesn't matter to you, use cheap but functional stuff. It works nearly as well and you won't even know what you're missing.