Knowledge Is Power
Improving your equipment is a great way to improve your final product. Unfortunately, fancy new gear will do no more for your skills as an audio engineer than a new piano will make you a pianist. If you have the resources available to invest in high quality equipment, go for it. Those pieces may actually save you money in the long run since you will be able to get more life out of them than some of the cheaper alternatives. The most efficient way to improve your product is to improve your skills, and often that only costs time.
You can read the full article here: http://www.audio-issues.com/keeping-track/skills-first-equipment-second/
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